Articles from Citizens Financial Group, Inc.

Citizens Financial Group, Inc. (NYSECFG) today announced that Beth Johnson, Vice Chair and Chief Experience Officer, will retire from the bank, effective March 3. Johnson, a member of the bank’s Executive Committee, currently oversees a portfolio that includes customer experience and digital design, data & analytics, marketing & communications, enterprise payments strategy, and the bank’s sustainability & impact programs.

The national Citizens Business Conditions Index™ (CBCI) rose to 51.0 in the final quarter of 2024, bolstered by solid corporate revenue trends and sustained strength in the service sector. The reading indicates that business conditions improved modestly in the fourth quarter, as the Federal Reserve continued to lower interest rates and election-related uncertainty abated.

Citizens Financial Group, Inc. (NYSECFG) today announced that it has further expanded its wealth management reach and capabilities in southern Florida, setting the stage for further growth in that key market.

Citizens Financial Group, Inc. (NYSECFG) announced today that Vice Chair and Chief Financial Officer John Woods will participate at the UBS Financial Services Conference 2025 on Tuesday, February 11, 2025 at 12:10 pm ET.

Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) today reported fourth quarter and full year 2024 financial results. The earnings press release, investor presentation, and financial supplement are available at http://investor.citizensbank.com. In addition, these materials will be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at www.sec.gov.

Optimism about the dealmaking environment has reached a five-year high, according to Citizens’ 2025 M&A Outlook. The 14th annual survey of 400 leaders at U.S. middle-market companies and private equity firms revealed that 54% of decision-makers believe the current M&A environment is strong.

As previously announced, Citizens Financial Group, Inc. (NYSECFG) will report its fourth quarter and full year 2024 earnings on January 17, 2025. The news release and supplemental materials will be available at http://investor.citizensbank.com. CFG management will host a live conference call that morning with details as follows:

Citizens Financial Group, Inc. (NYSECFG) announced today that Citizens Bank, N.A. has decreased its prime lending rate to 7.50 percent from 7.75 percent, effective Thursday, December 19, 2024.

Citizens Financial Group, Inc. (NYSECFG) announced today that Chairman and Chief Executive Officer Bruce Van Saun will participate at the Goldman Sachs U.S. Financial Services Conference on Tuesday, December 10, 2024 at 10:00 am ET.

Citizens is pleased to announce the appointment of three key executives to accelerate the bank’s ongoing transformation and commitment to deliver the best experience for customers. Raman Muralidharan has been appointed as the Head of Mortgage, and two accomplished senior executives have been promoted: Adam Boyd to Head of Lending and Nuno Dos Santos to Head of Retail Banking. These leadership appointments will bolster Citizens’ growth plans while enhancing its relationship-based banking model.

Citizens Financial Group, Inc. (NYSECFG) announced today that Citizens Bank, N.A. has decreased its prime lending rate to 7.75 percent from 8.00 percent, effective Friday, November 8, 2024.

Citizens Financial Group, Inc. (NYSECFG) announced that its board of directors has declared the following dividends on its preferred stock payable on January 6, 2025, to preferred shareholders of record at the close of business on December 20, 2024:

Citizens Financial Group, Inc. (NYSECFG) today announced plans to release 2026 quarterly financial results and host live conference calls on the following dates.

Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) today reported third quarter 2024 financial results. The earnings press release, investor presentation, and financial supplement are available at http://investor.citizensbank.com. In addition, these materials will be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at www.sec.gov.

Citizens Financial Group (NYSECFG) today announced that it has changed the date and time of its second quarter 2025 conference call to discuss its financial results to 10:00 a.m. Eastern Time (ET) on Thursday, July 17, 2025. Citizens Financial Group will issue a press release reporting its results at approximately 6:20 a.m. ET. The news release will be available at http://investor.citizensbank.com.

Citizens Financial Group, Inc. (NYSECFG) today announced the next phase in its West Coast expansion strategy, adding a top Private Banking team in Southern California and announcing plans to add new Private Bank office locations in the market. This move comes on the heels of previous announcements around Citizens’ California expansion strategy, designed to serve the market in an integrated and complete way that drives growth across Private Banking, Wealth Management, and Corporate & Investment Banking.

As previously announced, Citizens Financial Group, Inc. (NYSECFG) will report its third quarter 2024 earnings on October 16, 2024. The news release and supplemental materials will be available at http://investor.citizensbank.com. CFG management will host a live conference call that morning with details as follows:

College Raptor, Citizens’ college planning platform and the most comprehensive college search site, today released its tenth annual “Hidden Gem” rankings, an unmatched list spotlighting excellent, yet lesser-known schools by state and region. The 2025 rankings also include top colleges for in-demand programs, such as AI and Nursing, representing two of today’s fastest-growing and most sought-after career paths.

Citizens Financial Group, Inc. (NYSECFG) announced today that Citizens Bank, N.A. has decreased its prime lending rate to 8.00 percent from 8.50 percent, effective Thursday, September 19, 2024.

Citizens announced today a commitment to provide $10 million over the next two years to support workforce development programs. Funding will support nonprofits working to enhance and expand access to educational and career opportunities, address the rapidly changing demands of the modern economy, and support long-term economic growth.

Citizens today announced it has become the Official Bank of the MGM Music Hall at Fenway and the presenting sponsor of CollegeFest Boston held at Citizens House of Blues. These new ventures reinforce Citizens’ commitment to supporting live music and entertainment in Boston and will provide unique experiences for Citizens’ customers, including exclusive ticket offerings, VIP experiences, insider events, and other special perks.

Citizens Financial Group, Inc. (NYSECFG) announced that its board of directors has declared the following dividends on its preferred stock payable on October 7, 2024, to preferred shareholders of record at the close of business on September 20, 2024:

Citizens Financial Group, Inc. (NYSECFG) announced today that Chairman and Chief Executive Officer Bruce Van Saun will participate at the Barclays 22nd Annual Global Financial Services Conference on Monday, September 9, 2024 at 9:45 am ET.

College Raptor, Citizens’ college planning platform and the most comprehensive college search site, today released its tenth annual “Best Colleges” rankings based on an analysis of each school’s selectivity, financial health, academic rigor, and student success. The 2025 Best Colleges rankings include the 50 Best Colleges in the United States, as well as the 25 Colleges spanning 19 additional, highly sought-after categories. This year’s list introduces new ranking categories for in-demand programs such as AI and Nursing, representing two of today’s fastest-growing career paths.

The national Citizens Business Conditions Index™ (CBCI) rose to 52.2 in the second quarter, pushing into expansionary territory after taking a step back at the beginning of the year. The reading above 50 indicates that economic momentum is building, in this case due to higher company revenue coupled with the prospect of easing monetary policy, which lowers the cost of capital.

Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) today reported second quarter 2024 financial results. The earnings press release, investor presentation, and financial supplement are available at http://investor.citizensbank.com. In addition, these materials will be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at www.sec.gov.

Citizens Financial Group, Inc. (NYSE: CFG or the “Company”) today announces the Board of Governors of the Federal Reserve System (the “Federal Reserve”) has communicated to the Company its preliminary Stress Capital Buffer (“SCB”) of 4.5%, effective October 1, 2024, following the release of the Federal Reserve’s DFAST stress test results on June 26, 2024.

Further strengthening its growing presence in California, Citizens Financial Group, Inc. (NYSECFG) today announced that Michael Walker has joined the company to lead its team serving middle market companies across the state.

As previously announced, Citizens Financial Group, Inc. (NYSECFG) will report its second quarter 2024 earnings on July 17, 2024. The news release and supplemental materials will be available at http://investor.citizensbank.com. CFG management will host a live conference call that morning with details as follows:

Citizens Financial Group, Inc. (NYSECFG) today announced that Don McCree, Head of Commercial Banking, has been appointed as Senior Vice Chair of Citizens.

Citizens Financial Group (NYSECFG) today announced that it has changed the date and time of its third quarter 2025 conference call to discuss its financial results to 9:00 a.m. Eastern Time (ET) on Wednesday, October 15, 2025. Citizens Financial Group will issue a press release reporting its results at approximately 6:20 a.m. ET. The news release will be available at http://investor.citizensbank.com.

Citizens Financial Group, Inc. (NYSECFG) announced today that Vice Chair and Chief Financial Officer John Woods will participate at the Morgan Stanley U.S. Financials, Payments & CRE Conference to be held on Monday, June 10, 2024 at 11:00 am ET.

Citizens Financial Group, Inc. (NYSECFG) today announced the redemption on July 8, 2024 (the “Redemption Date”) of 12,000,000 depositary shares (NYSE: CFG PrD; CUSIP: 174610204; ISIN: US1746102045) (the “Depositary Shares”) representing interests in CFG’s 6.350% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D (the “Series D Preferred Stock”). Each Depositary Share represents a 1/40th interest in a share of the Series D Preferred Stock. All 12,000,000 Depositary Shares currently outstanding will be redeemed on the Redemption Date. On and after the Redemption Date, no Depositary Shares or shares of Series D Preferred Stock will remain outstanding and dividends in respect of the Series D Preferred Stock will no longer accrue.

Nearly three quarters of Americans (72%) lack the financial confidence needed to manage a large influx of money on their own, according to a new survey by Citizens. As Baby Boomers, the most financially prosperous generation in history, are set to transfer $84 trillion* in assets over the next few decades, subsequent generations are bracing for what’s being deemed, ‘The Great Wealth Transfer.’ The survey, released today, offers insights into Americans' preparedness to handle significant inbound wealth, underscoring the critical need for expert financial guidance.

Citizens Financial Group, Inc. (NYSECFG) today announced that Jim Weiss has joined Citizens as Florida market president to bring additional local focus and expertise as Citizens continues to grow its presence in Florida.

Citizens Financial Group, Inc. (NYSECFG) announced today that Chairman and Chief Executive Officer Bruce Van Saun will participate in the Bernstein 40th Annual Strategic Decisions Conference 2024 to be held on Friday, May 31, 2024 at 10:00 am ET.

Citizens Financial Group, Inc. (NYSECFG) announced that its board of directors has declared the following dividends on its preferred stock payable on July 8, 2024, to preferred shareholders of record at the close of business on June 21, 2024:

The national Citizens Business Conditions Index™ (CBCI) fell to 48.2 to start the year as business activity normalized from elevated levels in recent quarters. The reading below 50 indicates that economic momentum slowed during the first quarter against a backdrop of moderately restrictive monetary policy.

Citizens Financial Group, Inc. (NYSECFG) announced today that Chairman and CEO Bruce Van Saun will participate at the Barclays Americas Select Franchise Conference to be held on Wednesday, May 8, 2024 at 10:45 am GMT.

Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) today reported first quarter 2024 financial results. The earnings press release, investor presentation, and financial supplement are available at http://investor.citizensbank.com. In addition, these materials will be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at www.sec.gov.

Citizens Financial Group, Inc. (NYSECFG) today announced that Paul Casey will join the bank as Head of Wealth Management, effective July 9. In this role, he will focus on accelerating Citizens’ strong and growing momentum in wealth, an increasingly critical component of the bank’s strategy following the launch of Citizens Private Bank in the fall of 2023.

As previously announced, Citizens Financial Group, Inc. (NYSECFG) will report its first quarter 2024 earnings on April 17, 2024. The news release and supplemental materials will be available at http://investor.citizensbank.com. CFG management will host a live conference call that morning with details as follows:

Private equity entered 2024 ready to shop, and a study released today by Citizens reveals many business leaders may be open to making a deal.

Citizens today announced $2.4 million in financial empowerment grants to support 137 nonprofit organizations, including $415,000 to Junior Achievement as part of the bank’s Citizens Helping Citizens Manage Money program. The bank also announced the results of a teen financial wellness survey, published in partnership with Junior Achievement, that demonstrates the need for expanded financial literacy programs.

Citizens today strengthened its partnership with The Andy Warhol Museum by granting an additional $200,000 to The Warhol Academy, the museum’s initiative to empower economic mobility, further emphasizing the critical role of workforce development in building a strong arts and culture economy in Pittsburgh. The grant extends the Citizens partnership for a second year, creating new fellowship opportunities for young professionals and reinforcing Citizens as the largest corporate supporter of The Warhol Academy’s creative fellowships.

The U.S. banking system remains well-positioned to help boost global growth and act as a steward for existing and new markets, while driving alignment with the values and policies that contribute to collective prosperity, remarked Bruce Van Saun, Chairman and Chief Executive Officer of Citizens Financial Group, while accepting the Foreign Policy Association’s 2024 FPA Medal.

Citizens Financial Group, Inc. (NYSECFG) announced today that Vice Chair and Chief Financial Officer John Woods and Chief Risk Officer Richard Stein will participate at the RBC Capital Markets Financial Institutions Conference to be held on Tuesday, March 5, 2024 at 10:00 am ET.

Citizens Financial Group, Inc. (NYSECFG) today announced the appointment of Tracy A. Atkinson to the company’s Board of Directors, effective March 1, 2024. Atkinson’s appointment will temporarily expand the Citizens Board to 14 directors. She will serve on the Board’s Audit Committee. Atkinson most recently served as an executive vice president of State Street Corporation, having held a number of senior finance and risk management roles including chief administrative officer, chief compliance officer and head of operational risk, and treasurer.

Citizens Financial Group, Inc. (NYSECFG) announced that its board of directors has declared the following dividends on its preferred stock payable on April 8, 2024, to preferred shareholders of record at the close of business on March 22, 2024:

Citizens Financial Group, Inc. (NYSECFG) today announced that Brendan Goode will assume the role of Chief Security Officer, effective April 29, 2024. Upon assuming the CSO role, Goode will report to Michael Ruttledge, CIO and Head of Enterprise Technology & Security. He will succeed Holly Ridgeway, who will retire from Citizens at the end of June.

Citizens Financial Group, Inc. (NYSECFG) today unveiled a number of changes aimed at accelerating the growth of its Wealth Management and Private Banking business to serve the entire spectrum of wealth clients, from mass affluent to ultra-high net worth and family offices. The new strategy, highlighted by the hiring of two new executives in critical roles, will better position Citizens to achieve its ambitious goal of building a preeminent Private Banking and Wealth Management offering in the U.S. Further, Citizens has opened its first Private Banking office in Boston and has plans to open additional offices in 2024, including one in Palm Beach, Fla. and Mill Valley, Calif. in the spring.

The national Citizens Business Conditions Index™ (CBCI) rose to 51.8 in the fourth quarter, supported by continued resilience in the labor market and consumer trends. The second consecutive quarterly reading above 50 indicates that the economy exited 2023 with momentum as signs of moderating inflation support optimism for a soft landing.

Today Citizens announced it has opened its annual Small Business Community Champion Award Contest, which will again recognize the positive contributions small businesses make within their communities. Now in its seventh year, the contest will award $10,000 each to 30 small businesses across Citizens’ footprint, including 10 minority-owned and 10 women-owned businesses. This year, for the first time, Citizens will also set aside five of its 30 awards exclusively for veteran-owned businesses along with five other qualifying businesses. The contest is open until 5 p.m. ET on Feb. 1, 2024.

Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) today reported fourth quarter and full year 2023 financial results. The earnings press release, investor presentation, and financial supplement are available at http://investor.citizensbank.com. In addition, these materials will be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at www.sec.gov.

Citizens’ 2024 M&A Outlook revealed optimism around the environment for dealmaking activity this year, underpinned by solid expectations for the U.S. economy and a pop in enthusiasm, especially among buyers. The annual survey of 400 leaders at U.S. middle-market companies and private equity firms also uncovered notable trends related to interest in artificial intelligence (AI) assets, international dealmaking and the upcoming U.S. election that provide support for the upbeat forecast.

Mid-size companies and private equity firms are embracing artificial intelligence by implementing the technology to assess data, automate processes and streamline financial operations, according to a new survey from Citizens released today.

Citizens Financial Group, Inc. (NYSECFG) today announced the full rollout of Citizens Bank, N.A.’s (“Citizens”) new sustainably manufactured Mastercard® Debit and ATM Card, the latest product in a collaborative partnership with its exclusive partner, Mastercard. Designed and manufactured to fuel sustainability and accessibility, the new cards are manufactured using 90 percent recycled PVC and feature Mastercard’s unique Touch Card™ notch, which improves card recognition for customers who are blind and partially sighted.

As previously announced, Citizens Financial Group, Inc. (NYSECFG) will report its fourth quarter and full year 2023 earnings on January 17, 2024. The news release and supplemental materials will be available at http://investor.citizensbank.com. CFG management will host a live conference call that morning with details as follows:

Citizens Financial Group, Inc. (NYSECFG) announced today that Chairman and Chief Executive Officer Bruce Van Saun will participate at the Goldman Sachs U.S. Financial Services Conference on Tuesday, December 5, 2023 at 10:00 am ET.

Citizens Financial Group, Inc. (NYSECFG) announced that its board of directors has declared the following dividends on its preferred stock payable on January 8, 2024, to preferred shareholders of record at the close of business on December 22, 2023:

To celebrate the spectators and supporters who make the TCS New York City Marathon one of the best days in New York, Citizens will produce a first-of-its-kind Instagram Live from the Citizens Cheer Zone along mile 12 in Greenpoint. The livestream hosted by Rachel Dratch with actor Michael Rainey Jr. as Chief Cheer Zone Correspondent will capture the energy and essence of the New Yorkers at the cheer zone.

A strong labor market and resilient consumer trends supported a slight improvement in economic conditions during the third quarter as inflation showed some signs of abating, according to the national Citizens Business Conditions Index™ (CBCI), released today. After falling below 50 in the second quarter, the index rose to 50.7 in the third quarter, signaling a return to modest growth.

Citizens, a leader in community engagement, announced today a $200,000 grant to the Pittsburgh Film Office, a 501(c)3 nonprofit economic development agency. This significant contribution allows the Pittsburgh Film Office to foster the growth and expansion of the film industry in the 10 counties of Southwestern Pennsylvania.

Citizens Financial Group, Inc. (NYSECFG) today announced the national launch of Citizens Private Bank, a significant milestone in Citizens’ long-term strategy to accelerate growth in Wealth Management, improve capabilities in the high-net-worth segment and expand in key markets. Citizens Private Bank provides holistic, high-touch client service to high-net-worth individuals, families and businesses, including private family foundations, non-profit, multifamily and commercial real estate, life sciences, private equity and venture capital firms.

Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) today reported third quarter 2023 financial results. The earnings press release, investor presentation, and financial supplement are available at http://investor.citizensbank.com. In addition, these materials will be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at www.sec.gov.

Citizens Financial Group, Inc. (NYSECFG) today announced plans to release 2025 quarterly financial results and host live conference calls on the following dates.

Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) today announced a $50 billion Sustainable Finance Target including $5 billion in green financing, by 2030. The company also announced that it will engage corporate clients in high-emitting sectors on climate-related topics. To start, it will engage 100% of its Oil & Gas clients by the end of 2024. In addition, Citizens has committed to achieving carbon neutrality by 2035.

Citizens has become the Official Bank of the New York Road Runners (NYRR), the world’s premiere community running organization, and the TCS New York City Marathon, the world’s largest marathon, through a five-year Foundation Level partnership. As part of the agreement, Citizens will also serve as the first-ever title sponsor of the Queens 10K, an event that attracts more than 10,000 runners every June and is NYRR’s staple race in the city’s most diverse borough.

Citizens today announced a partnership with Trek Bicycle, a global leader in the design and manufacturing of bicycles and related products, to make consumer financing simple and easy for Trek customers. Through Citizens Pay, a market-leading financing solution from Citizens, consumers looking for reliable and innovative cycling products to match their lifestyle now have access to flexible payment options at more than 1,400 Trek retailers globally.

As previously announced, Citizens Financial Group, Inc. (NYSECFG) will report its third quarter 2023 earnings on October 18, 2023. The news release and supplemental materials will be available at http://investor.citizensbank.com. CFG management will host a live conference call that morning with details as follows:

Citizens Financial Group, Inc. (NYSECFG) announced that its board of directors has declared the following dividends on its preferred stock payable on October 6, 2023, to preferred shareholders of record at the close of business on September 21, 2023:

College Raptor, the most comprehensive college search site and a wholly owned subsidiary of Citizens, today released its “2024 Hidden Gem College” rankings. In its ninth year, the “Hidden Gems” list spotlights exceptional colleges and universities that may not have widespread name recognition, but are worthy of applicants’ consideration.

Citizens Financial Group, Inc. (NYSECFG) announced today that Vice Chairman and Chief Financial Officer John Woods and Vice Chairman and Head of Consumer Banking Brendan Coughlin will participate at the Barclays Global Financial Services Conference on Monday, September 11, 2023 at 11:15 am ET.

Citizens today announced a partnership with Wyndham Destinations, the world’s largest vacation ownership business, to offer a more predictable and affordable way for consumers to explore their favorite resort destinations.

Rapid interest rate increases to curb inflation continue to weigh on economic conditions, according to the national Citizens Business Conditions Index™ (CBCI), released today. A rise in unemployment insurance claims and a slowdown in small business formation caused the Index to dip to 48.5 in the second quarter.