Citizens Bank
Financial Performance
Citizens Bank Revenue & Financials
Revenue
$8.2B (FY2024)
Market Cap
$21.5B
Net Income
$1.4B
Employees
17,500
What is Citizens Bank's revenue?
Citizens Bank had $8.2B in revenue for fiscal year 2024, down 0.3% from 2023. Net income was $1.4B.
- Latest revenue
- $8.2B (FY2024)
- Year-over-year
- -0.3%
- Growth rate (CAGR)
- 6.3% over 9 years
- Peak revenue
- $8.2B (FY2023)
- Years of data
- 10
- Employees
- 17,500
- How much profit does Citizens Bank make?
- Citizens Bank reported net income of $1.4B for fiscal year 2024.
- How many employees does Citizens Bank have?
- Citizens Bank has about 17,500 employees.
Financial Analysis
Citizens maintains a highly disciplined balance sheet engineered for stability across economic cycles. In fiscal year 2024, Citizens reported consolidated net revenue of $8.20 billion and net income of $1.65 billion, navigating shifting Federal Reserve interest rate cycles with agile asset-liability management. Demonstrating credit conservatism, Citizens maintained a Common Equity Tier 1 (CET1) capital ratio of 10.6% and a total liquidity coverage ratio well above regulatory requirements. Backed by $175 billion in core customer deposits—over 68% of which are insured or collateralized—Citizens weathered regional banking industry turbulence without balance-sheet contagion, consistently returning over $1.2 billion annually to shareholders via quarterly dividends and share repurchases.
Revenue Trend Analysis
YoY Change
-0.3%
9-Year CAGR
+6.3%
Peak Year
2023
Trend
Consistent Growth
Citizens Bank has 10 full fiscal year figures on this page, compounding at +6.3% annually over 9 years. The most recent year saw a 0.3% decline versus the prior year. Annual revenue peaked in fiscal year 2023 at $8.2B. Of 9 comparable year-over-year steps, 7 showed growth and 2 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | $8.2B | $1.4B | -0.3% |
| FY2023 | $8.2B | $1.6B | +2.4% |
| FY2022 | $8B | $2.1B | +21.5% |
| FY2021 | $6.6B | $2.3B | -4.3% |
| FY2020 | $6.9B | $1.1B | +6.1% |
| FY2019 | $6.5B | $1.8B | +6.2% |
| FY2018 | $6.1B | $1.7B | +7.5% |
| FY2017 | $5.7B | $1.7B | +8.7% |
| FY2016 | $5.2B | $1B | +10.6% |
| FY2015 | $4.7B | $840M | — |
Click any row to see year details.
Keep researching Citizens Bank
Citizens Bank Revenue and Financial FAQ
What was Citizens Bank's revenue and net income in FY2024?
In FY2024, Citizens Bank reported total revenue of $8.20 billion and net income of $1.45 billion, achieving a strong net profit margin of 17.68% amid high benchmark interest rate environments.
What is Citizens Bank's total asset size and equity base?
Citizens Bank manages approximately $220 billion in total assets and holds $24.25 billion in total stockholders' equity, positioning it among the top 15 largest commercial banks in the United States.
How does Citizens Bank maintain its regulatory capital strength?
Citizens maintains a Common Equity Tier 1 (CET1) ratio comfortably above 10.5%, well in excess of Federal Reserve Basel III regulatory minimums, ensuring balance sheet resilience against credit shocks.
What is Citizens' Common Equity Tier 1 (CET1) capital ratio?
Citizens maintains a robust CET1 capital ratio of 10.6%, representing hundreds of millions in excess capital above regulatory well-capitalized standards to absorb credit fluctuations.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Citizens Bank Revenue & Financials." CorpDigest, https://corpdigest.com/company/citizens-bank/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Citizens Bank reported $8.2B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/citizens-bank/financials" target="_blank" rel="noopener">CorpDigest — Citizens Bank financials</a></div>Related Financial Audits
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