Citizens Financial Group (CFG) FY2024 results: revenue $7.8 billion, down 5.0% on the year
Citizens Financial Group Inc. (CFG) reported revenue of $7.8 billion for fiscal 2024, the year ended 31 December 2024, down 5.0% on the year before. Net income was $1.5 billion, down 6.2%, and diluted earnings per share $3.03. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2025.
Revenue
$7.8 billion
-5.0% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$1.5 billion
-6.2% on the year
FY2017FY2024
Diluted EPS
$3.03
-3.2% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,001
2,961
4,119
-32.4%
Capital expenditure
122
172
126
-29.1%
Free cash flow
1,879
2,789
3,993
-32.6%
Cash from investing
2,987
5,248
-12,637
-43.1%
Cash from financing
-6,015
-7,128
9,907
Depreciation and amortisation
498
478
565
+4.2%
Share-based compensation
97.0
87.0
84.0
+11.5%
Buybacks
1,050
906
153
+15.9%
Dividends paid
769
808
779
-4.8%
Dividend per share
$1.68
$1.68
$1.62
0.0%
Diluted shares, weighted
454m
477m
478m
-4.9%
Shares outstanding at period end
441m
466m
492m
-5.5%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
24,254
24,342
23,690
-0.4%
Deposits
174,776
177,342
180,724
-1.4%
Short-term borrowings
0.0
n/a
3.0
Debt
12,401
13,972
15,887
-11.2%
Other liabilities
6,090
6,308
6,429
-3.5%
Total liabilities and equity
217,521
221,964
226,733
-2.0%
Fixed assets
875
895
844
-2.2%
Goodwill
8,187
8,188
8,173
-0.0%
Intangible assets
146
157
197
-7.0%
Securities held for sale or to maturity
41,364
38,961
33,841
+6.2%
Loans
137,142
143,861
154,679
-4.7%
Cash and equivalents
10,601
11,628
10,547
-8.8%
Other assets
19,206
18,274
18,452
+5.1%
Total assets
217,521
221,964
226,733
-2.0%
10-K for the year ended 31 December 2024, filed 13 February 2025: the filing.