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Citizens Financial Group CFG Commercial Banking — Direct expenses

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Other financials

Income statement

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Revenue$2.2B+12.0%
Net income$517.0M+38.6%
EPS (diluted)$1.13+46.8%

Balance sheet

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Cash & equivalents$12.3B+6.8%
Total debt$12.3B0.0%
Total equity$26.2B+5.3%
Total assets$227.92B+3.5%

Cash flow

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Operating cash flow$237.0M+211%
CapEx--100%
Free cash flow$237.0M+204%

Valuation

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Market cap$29.63B+56.9%
Enterprise value$29.62B+28.4%
P/E15×+3.1×
P/S3.5×+1.1×

Profitability

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Net margin23.3%+3.4pp
FCF margin33.7%+7.3pp

Returns & leverage

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Return on equity7.7%+1.4pp
Debt / equity0.5×0.0×

Where this comes from

Reported directly by Citizens Financial Group in its filing.

Tagged under the XBRL concept cfg:NoninterestExpenseDirectExpensesAdjusted.

The official record: Citizens Financial Group’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Citizens Financial Group's commercial banking — direct expenses?
Citizens Financial Group (CFG) reported commercial banking — direct expenses of $228M in Q1 2026.
How has Citizens Financial Group's commercial banking — direct expenses changed year-over-year?
Citizens Financial Group's commercial banking — direct expenses increased by 4.6% year-over-year, from $218M to $228M.
What is the long-term trend for Citizens Financial Group's commercial banking — direct expenses?
Over 3 years (2022 to 2025), Citizens Financial Group's commercial banking — direct expenses has grown at a 3.6% compound annual growth rate (CAGR), from $820M to $911M.
What does commercial banking — direct expenses mean?
These are the costs directly attributable to the operations of the commercial banking segment, such as personnel costs for relationship managers and specific technology infrastructure. Tracking these allows for a clear view of the segment's operational efficiency. It excludes shared corporate overheads.