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Citizens Financial Group
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Retail banking and financial services provider
Citizens Financial Group
Work Here?
Retail banking and financial services provider
Overview
Citizens Financial Group provides banking, lending, and wealth management services to individuals, small businesses, and commercial clients. Its products include consumer and commercial deposit accounts, loans, credit products, investment and wealth services, and digital banking tools that let customers manage money, apply for products, and access support online or in branch offices. The company emphasizes a customer-centric culture and a collaborative workforce, aiming to help customers navigate their financial journey with guidance and solutions for what’s next. What sets Citizens apart is its long history (dating back to 1828), deep local presence, focus on community and colleagues, and a framework centered on readiness and partnership rather than one-off transactions. The goal is to support customers on their path to financial accomplishment by providing accessible, practical solutions and trusted guidance through a broad range of financial services.
About Citizens Financial Group
Industries
Financial Services
Company Size
10,001+
Company Stage
IPO
Headquarters
Providence, Rhode Island
Founded
1828
Simplify's Take
What believers are saying
- Centri validates Citizens as a lender to professional-services acquirers.
- Q1 2026 EPS reached $1.13, supporting continued capital deployment.
- Private Bank growth expands referral channels for founders and executives.
What critics are saying
- Spread compression from rate cuts will pressure net interest income quickly.
- Commercial real estate stress can force reserve builds and loan losses.
- Talent-heavy private banking faces poaching from larger national rivals.
What makes Citizens Financial Group unique
- Citizens pairs $227.9 billion in assets with $184.0 billion in deposits.
- Bruce Van Saun led Q1 2026 net income to $517 million.
- Citizens finances advisory firms like Centri for acquisitions and talent investments.
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Funding
Total Funding
$800M
Above
Industry Average
Funded Over
1 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Parental Leave
Flexible Work Hours
Tuition Reimbursement
Wellness Program
Paid Vacation
Paid Sick Leave
Stock Price
Company News
CareCloud, a healthcare technology and revenue cycle management provider, has secured a $50 million credit facility with Citizens Bank and Provident Bank. Citizens acted as lead arranger and administrative agent on the facility, which closed on 13 April. The company will redeem 100% of its outstanding 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock on 15 May, following a 30-day notice period. The redemption eliminates approximately $3.2 million in annual dividend obligations and replaces higher-cost preferred equity with lower-cost institutional debt. CareCloud generates approximately $30 million in annualised adjusted EBITDA. The transaction simplifies its capital structure and provides non-dilutive capital whilst lowering the cost of capital. All 1,511,372 outstanding preferred shares will be redeemed at the stated redemption price plus accumulated unpaid dividends.
Rocket Lab Corporation (NASDAQ:RKLB) shares declined about 3.5% on Wednesday morning after the company revealed plans for a $1 billion equity distribution program. In a filing with the U.S. Securities and Exchange Commission dated March 17, 2026, the space technology firm said it had signed an equity distribution agreement with a group of financial...
Ladder Capital Corp , a leading, investment grade-rated commercial real estate finance REIT, announced today that it has secured $675 million in new unsecured capital commitments. The capital...
Citizens Financial Group reported fourth-quarter earnings per share of $1.13, up 36% year-over-year, with net interest margin expanding seven basis points sequentially to 3.07%. Net interest income rose 3% quarter-over-quarter, driven by fixed-rate asset repricing and lower funding costs. The bank's private bank posted strong growth, ending the year with $14.5 billion in deposits and contributing $0.28 to full-year EPS. Wealth revenue increased 31% year-over-year to a record quarter, whilst capital markets delivered its third-best quarter ever. For 2026, Citizens guided to net interest income growth of 10–12%, non-interest income up 6–8%, and planned share buybacks of $700–850 million. The company launched its "Reimagine the Bank" initiative, targeting $450 million in run-rate benefits by end-2028.
Citizens Financial Group reported fourth quarter 2025 net income of $528 million, up 32% year-over-year, with earnings per share of $1.13, up 36%. The Providence, Rhode Island-based bank achieved positive operating leverage of 5% in Q4 and returned 80% of capital to shareholders for the full year. The company's Private Bank reached $14.5 billion in year-end deposits, delivering 7% accretion to the bottom line at a 25% return on equity. Fee growth was led by Capital Markets and Wealth divisions, whilst credit costs trended favourably. Citizens' board declared a quarterly dividend of $0.46 per share, payable on 18 February 2026. As of 31 December 2025, the bank held $226.4 billion in assets.
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About Citizens Financial Group
Industries
Financial Services
Company Size
10,001+
Company Stage
IPO
Headquarters
Providence, Rhode Island
Founded
1828
Citizens Financial Group is Hiring for 675 Jobs on Simplify!
Find jobs on Simplify and start your career today