Citizens Financial Group Inc
CFG
Market Cap$18.09B
Close$
Earnings Call Q4 2024
January 17, 2025 - AI Summary
Strong Fourth Quarter and Year-End Results: Citizens Financial Group reported a sequential revenue growth driven by a 10 basis point expansion in net interest margin (NIM), leading to a 3% increase in net interest income (NII). The company achieved an underlying earnings per share (EPS) of $3.24 for the full year, highlighting resilience despite subdued loan demand.
Positive Credit Trends and Provision Adjustments: The bank experienced favorable credit trends with non-performing assets (NPAs) decreasing and criticized assets trending down. In response, Citizens added $162 million to its provision for credit losses against $189 million in charge-offs, resulting in an allowance for credit losses (ACL) to loan ratio of 1.62%.
Opting for Share Buybacks: In alignment with its capital return strategy, Citizens repurchased $225 million worth of shares in Q4, totaling $1.05 billion for the full year. This equated to 6% of its beginning share balance, indicative of a strong capital position and commitment to returning value to shareholders.
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$62.94
46.6% upside
Current Fair Value
46.6% upsideUndervalued by 46.6% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $18.09 Billion |
|---|---|
| Enterprise Value | $30.40 Billion |
| Dividend Yield | $1.68 (4.02781107648046%) |
| Earnings per Share | $3.04 |
| Beta | 1.07 |
| Outstanding Shares | 438,321,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 11.81 |
|---|---|
| PEG | 101.14 |
| Price to Sales | 1.72 |
| Price to Book Ratio | 0.77 |
| Enterprise Value to Revenue | 2.75 |
| Enterprise Value to EBIT | 16.14 |
| Enterprise Value to Net Income | 19 |
| Total Debt to Enterprise | 0.41 |
| Debt to Equity | 0.5 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Citizens Financial Group Inc
17,496 employeesCitizens Financial Group, Inc. is one of the nation's oldest and largest financial institutions, with $179.2 billion in assets as of September 30, 2020. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail a...