Citizens Financial Group, Inc. (CFG) Balance Sheet
CFG balance sheet, 2025
December 31, 2025 · U.S. dollars$226.35B assets = $200.03B liabilities + $26.32B equity
Both columns are drawn to the same scale: what CFG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CFG financial health
Descriptive bands, not a rating. Fiscal 2025.
CFG balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $149.52B2016 | $226.35B2025 | +4.7%/yr | |
| Total liabilities | $129.77B2016 | $200.03B2025 | +4.9%/yr | |
| Shareholders’ equity | $19.75B2016 | $26.32B2025 | +3.2%/yr | |
| Cash & short-term investments | $23.39B2016 | $49.38B2025 | +8.7%/yr | |
| Total debt | $16.66B2016 | $11.28B2025 | −4.2%/yr | |
| Net cash (debt) | $6.73B2016 | $38.10B2025 | +$31.4B | |
| Working capital | $114.42B2016 | $7.96B2025 | −$106.5B | |
| Book value per share | $37.692016 | $60.432025 | +5.4%/yr | |
| Debt / equity | 0.842016 | 0.432025 | −0.41 | |
| Shares outstanding | 523.9M2016 | 435.5M2025 | −2.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CFG assets
CFG liabilities and equity
CFG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CFG balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $49.38B | $43.85B | $41.70B | $34.59B | $34.90B | $35.98B | $24.30B | $23.75B | $23.29B | $23.39B |
| Cash & equivalents | $12.73B | $11.24B | $12.03B | $10.85B | $9.47B | $13.04B | $3.68B | $4.22B | $3.22B | $4.14B |
| Short-term investments | $36.66B | $32.61B | $29.67B | $23.74B | $25.43B | $22.94B | $20.61B | $19.89B | $20.16B | $19.50B |
| Receivables | $141.95B | $1.03B | $1.15B | $1.46B | $1.54B | $1.97B | $2.54B | $2.90B | $3.17B | $3.75B |
| Inventory | $0 | $0 | −$14.15B | $0 | −$9.98B | −$13.54B | −$3.73B | −$22.0M | −$23.0M | −$48.0M |
| Other current assets | $0 | $0 | $14.15B | $0 | $9.98B | $13.54B | $3.73B | $102.28B | $93.40B | $90.54B |
| Total current assets | $191.33B | $44.88B | $42.85B | $36.04B | $36.44B | $37.95B | $26.83B | $128.92B | $119.84B | $117.63B |
| Property, plant & equipment (net) | $915.0M | $875.0M | $895.0M | $844.0M | $768.0M | $759.0M | $761.0M | $791.0M | $685.0M | $601.0M |
| Goodwill & intangible assets | $8.30B | $8.33B | $8.35B | $8.37B | $7.18B | $8.67B | $8.65B | $7.78B | $7.72B | $7.68B |
| Long-term investments | $43.45B | $41.13B | $38.65B | $33.84B | $28.31B | $152.30B | $144.40B | $141.00B | $115.18B | $112.71B |
| Other non-current assets | $0 | $122.31B | $131.23B | $147.63B | $115.71B | $0 | $0 | $0 | $0 | $0 |
| Total assets | $226.35B | $217.52B | $221.96B | $226.73B | $188.41B | $183.35B | $165.73B | $160.52B | $152.34B | $149.52B |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $180.72B | $154.36B | $147.16B | $125.31B | $119.58B | $115.09B | $109.80B |
| Short-term debt | $58.0M | $1.99B | $505.0M | $3.0M | $74.0M | $243.0M | $9.0M | $1.65B | $1.86B | $3.21B |
| Total current liabilities | $183.37B | $176.76B | $177.85B | $180.73B | $154.44B | $243.0M | $9.0M | $1.65B | $1.86B | $3.21B |
| Long-term debt | $9.21B | $11.00B | $9.21B | $7.37B | $6.91B | $8.47B | $14.17B | $14.72B | $12.07B | $13.45B |
| Other long-term liabilities | $7.45B | $5.50B | $10.56B | $14.95B | $3.64B | $501.0M | $746.0M | $281.0M | $261.0M | $55.0M |
| Total liabilities | $200.03B | $193.27B | $197.62B | $203.04B | $164.99B | $160.68B | $143.53B | $139.70B | $132.07B | $129.77B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $7.0M | $7.0M | $6.0M | $6.0M | $6.0M | $6.0M | $6.0M | $6.0M | $6.0M | $6.0M |
| Retained earnings (deficit) | $11.35B | $10.41B | $9.82B | $9.16B | $7.98B | $6.45B | $6.50B | $5.38B | $4.02B | $2.70B |
| Treasury stock | — | — | — | — | −$4.92B | −$4.62B | −$4.35B | −$3.13B | −$2.11B | −$1.26B |
| Accumulated other comprehensive income | −$1.97B | −$3.60B | −$3.76B | −$4.56B | −$665.0M | −$60.0M | −$411.0M | −$1.10B | −$675.0M | −$668.0M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $26.32B | $24.25B | $24.34B | $23.69B | $23.42B | $22.67B | $22.20B | $20.82B | $20.27B | $19.75B |
| Key figures | ||||||||||
| Total debt | $11.28B | $12.40B | $13.97B | $15.89B | $7.01B | $8.72B | $14.18B | $16.38B | $13.93B | $16.66B |
| Net cash (debt) | $38.10B | $31.45B | $27.73B | $18.70B | $27.89B | $27.26B | $10.12B | $7.38B | $9.36B | $6.73B |
| Working capital | $7.96B | −$131.89B | −$135.00B | −$144.68B | −$117.99B | $37.71B | $26.82B | $127.27B | $117.98B | $114.42B |
| Tangible book value | $18.02B | $15.92B | $16.00B | $15.32B | $16.24B | $14.01B | $13.55B | $13.04B | $12.55B | $12.06B |
| Book value per share | $60.43 | $53.48 | $51.06 | $49.58 | $54.79 | $52.95 | $49.20 | $43.33 | $40.24 | $37.69 |
| Shares outstanding | 435.5M | 453.5M | 476.7M | 477.8M | 427.4M | 428.2M | 451.2M | 480.4M | 503.7M | 523.9M |
| Current ratio | 1.04 | 0.25 | 0.24 | 0.20 | 0.24 | 156.17 | 2,981.44 | 77.99 | 64.57 | 36.63 |
| Quick ratio | 1.04 | 0.25 | 0.24 | 0.20 | 0.24 | 156.17 | 2,981.44 | 16.13 | 14.25 | 8.45 |
| Debt / equity | 0.43 | 0.51 | 0.57 | 0.67 | 0.30 | 0.38 | 0.64 | 0.79 | 0.69 | 0.84 |
| Equity / assets | 11.6% | 11.2% | 11.0% | 10.4% | 12.4% | 12.4% | 13.4% | 13.0% | 13.3% | 13.2% |
| Sep '26 | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $57.89B | $12.76B | $12.33B | $49.38B | $47.65B | $43.77B | $46.32B | $43.85B | $44.24B | $44.20B | $43.10B | $41.70B |
| Cash & equivalents | $13.56B | $12.76B | $12.33B | $12.73B | $12.34B | $9.23B | $12.23B | $11.24B | $11.56B | $12.33B | $11.99B | $12.03B |
| Short-term investments | $44.33B | $37.29B | $36.24B | $36.66B | $35.30B | $34.54B | $34.10B | $32.61B | $32.68B | $31.87B | $31.11B | $29.67B |
| Receivables | $0 | $0 | $0 | $141.95B | $0 | $0 | $0 | $1.03B | $0 | $0 | $0 | $1.15B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$13.03B |
| Other current assets | $884.0M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $13.03B |
| Total current assets | $58.77B | $12.76B | $12.33B | $191.33B | $47.65B | $43.77B | $46.32B | $44.88B | $44.24B | $44.20B | $43.10B | $42.85B |
| Property, plant & equipment (net) | $883.0M | $873.0M | $874.0M | $915.0M | $857.0M | $855.0M | $855.0M | $875.0M | $862.0M | $863.0M | $872.0M | $895.0M |
| Goodwill & intangible assets | $8.32B | $8.32B | $8.33B | $8.30B | $8.31B | $8.32B | $8.32B | $8.33B | $8.32B | $8.33B | $8.34B | $8.35B |
| Long-term investments | $0 | $44.87B | $43.97B | $43.45B | $43.36B | $42.77B | $42.50B | $41.13B | $41.33B | $40.59B | $39.98B | $38.65B |
| Other non-current assets | $166.49B | $167.01B | $162.41B | $0 | $122.57B | $122.60B | $122.15B | $122.31B | $124.94B | $125.96B | $128.16B | $131.23B |
| Total assets | $234.46B | $233.84B | $227.92B | $226.35B | $222.75B | $218.31B | $220.15B | $217.52B | $219.71B | $219.94B | $220.45B | $221.96B |
| Liabilities | ||||||||||||
| Short-term debt | $819.0M | $1.16B | $54.0M | $58.0M | $2.20B | $2.24B | $2.04B | $1.99B | $2.00B | $2.0M | $1.25B | $505.0M |
| Total current liabilities | $186.05B | $1.16B | $54.0M | $183.37B | $182.22B | $177.32B | $179.61B | $176.76B | $177.19B | $176.35B | $177.68B | $177.85B |
| Long-term debt | $0 | $14.69B | $10.27B | $9.21B | $10.09B | $10.98B | $11.01B | $11.00B | $11.96B | $13.08B | $12.56B | $13.47B |
| Other long-term liabilities | $23.25B | $191.80B | $191.42B | $7.45B | $4.61B | $4.77B | $4.66B | $5.50B | $5.63B | $6.63B | $6.45B | $6.31B |
| Total liabilities | $209.30B | $207.65B | $201.75B | $200.03B | $196.92B | $193.08B | $195.28B | $193.27B | $194.77B | $196.07B | $196.69B | $197.62B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $7.0M | $7.0M | $7.0M | $7.0M | $7.0M | $7.0M | $7.0M | $7.0M | $6.0M | $6.0M | $6.0M | $6.0M |
| Retained earnings (deficit) | $12.39B | $11.99B | $11.63B | $11.35B | $11.06B | $10.78B | $10.57B | $10.41B | $10.23B | $10.08B | $9.92B | $9.82B |
| Accumulated other comprehensive income | −$3.68B | −$2.26B | −$2.09B | −$1.97B | −$2.27B | −$2.64B | −$2.94B | −$3.60B | −$2.93B | −$4.13B | −$4.16B | −$3.76B |
| Total shareholders' equity | $25.16B | $26.18B | $26.17B | $26.32B | $25.83B | $25.23B | $24.87B | $24.25B | $24.93B | $23.87B | $23.76B | $24.34B |
| Key figures | ||||||||||||
| Total debt | $17.83B | $16.35B | $12.31B | $11.28B | $10.65B | $12.78B | $12.31B | $12.40B | $13.96B | $13.08B | $13.81B | $13.97B |
| Net cash (debt) | $40.05B | −$3.59B | $16.0M | $38.10B | $36.99B | $31.00B | $34.01B | $31.45B | $30.28B | $31.12B | $29.29B | $27.73B |
| Working capital | −$127.28B | $11.60B | $12.28B | $7.96B | −$134.57B | −$133.55B | −$133.29B | −$131.89B | −$132.95B | −$132.15B | −$134.58B | −$135.00B |
| Tangible book value | $16.84B | $17.86B | $17.84B | $18.02B | $17.52B | $16.92B | $16.54B | $15.92B | $16.61B | $15.54B | $15.43B | $16.00B |
| Book value per share | $59.11 | $61.36 | $60.88 | $60.43 | $59.31 | $57.80 | $56.23 | $54.52 | $55.42 | $52.28 | $51.23 | $52.00 |
| Shares outstanding | 425.7M | 426.7M | 429.9M | 435.5M | 435.5M | 436.5M | 442.2M | 444.8M | 449.9M | 456.6M | 463.8M | 468.2M |
| Current ratio | 0.32 | 11.01 | 228.33 | 1.04 | 0.26 | 0.25 | 0.26 | 0.25 | 0.25 | 0.25 | 0.24 | 0.24 |
| Quick ratio | 0.31 | 11.01 | 228.33 | 1.04 | 0.26 | 0.25 | 0.26 | 0.25 | 0.25 | 0.25 | 0.24 | 0.24 |
| Debt / equity | 0.71 | 0.62 | 0.47 | 0.43 | 0.41 | 0.51 | 0.50 | 0.51 | 0.56 | 0.55 | 0.58 | 0.57 |
| Equity / assets | 10.7% | 11.2% | 11.5% | 11.6% | 11.6% | 11.6% | 11.3% | 11.2% | 11.3% | 10.9% | 10.8% | 11.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 12, 2026); data from EODHD.
CFG financial position
At the end of fiscal 2025 (December 31, 2025), Citizens Financial had total assets of $226.4 billion (up 4.1% from a year earlier), total liabilities of $200.0 billion and shareholders' equity of $26.3 billion. It held $49.4 billion in cash and short-term investments against $11.3 billion of debt, a net cash position of $38.1 billion. Its current ratio was 1.04. In the latest quarter (ended September 30, 2026) total assets were $234.5 billion and equity $25.2 billion.
Related: CFG income statement, CFG cash flow statement, CFG key metrics. See the CFG stock overview for the latest quote and news.
CFG balance sheet FAQ
What are Citizens Financial's total assets?
Citizens Financial reported total assets of $226.4 billion at the end of fiscal 2025 (December 31, 2025), compared with $217.5 billion a year earlier.
How much debt does Citizens Financial have?
Citizens Financial had $11.3 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.43.
How much cash does Citizens Financial have?
Citizens Financial held $49.4 billion in cash and short-term investments at the end of fiscal 2025; with $11.3 billion of debt that is net cash of $38.1 billion.
What is Citizens Financial's book value?
Citizens Financial's shareholders' equity (book value) was $26.3 billion at the end of fiscal 2025, or $60.43 per share.
What is Citizens Financial's current ratio?
Citizens Financial had current assets of $191.3 billion and current liabilities of $183.4 billion, a current ratio of 1.04 (it can cover its short-term obligations).
How much goodwill does Citizens Financial have?
Citizens Financial carried $8.3 billion of goodwill and intangible assets, 3.7% of total assets, at the end of fiscal 2025.