
Citizens Financial Group
-0.21 %
39.63 %
Yet to be announced
Company Overview
Citizens Financial Group, Inc. operates in two segments, Consumer Banking and Commercial Banking. The Consumer Banking segment offers deposit products, credit cards, business loans, wealth management, and investment services. The Commercial Banking segment provides various financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, and interest rate and commodity risk management solutions.
Revenue Sources
FailAs a traditional bank, Citizens Financial Group's primary business model revolves around interest-based lending and borrowing, which represents the majority of their revenue. This is evident from their financial statements where interest income consistently makes up over 70% of total revenue across all quarters analyzed.
Reliance on Interest
Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
---|---|---|---|---|---|---|
Sept. 30, 2024 | $1.9b | $1.17b | $1.37b | $1.17b | 72.01% | 100.00% |
June 30, 2024 | $1.96b | $1.17b | $1.41b | $1.17b | 71.83% | 100.00% |
March 31, 2024 | $1.96b | $1.17b | $1.44b | $1.17b | 73.61% | 100.00% |
Dec. 31, 2023 | $1.99b | $1.19b | $1.49b | $1.19b | 74.85% | 100.00% |
The financial data shows that interest income and expense are central to Citizens Financial Group's business model. Interest income represents the majority of total revenue (over 70%) and interest expense represents a significant portion of total expenses (consistently over 90%) across all quarters analyzed. This indicates that interest-based activities are fundamental to the company's operations.
Operational Ethics
PassBased on available information from SEC filings and company reports, there is no evidence of significant ongoing associations with entities involved in human rights violations such as the state of Israel or the Chinese Communist Party.
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