Citizens Financial Group, Inc. - Rhode Island

Citizens Financial Group, Inc. - Rhode Island

Citizens Financial Group, Inc. - Rhode Island

Overview
Date Founded

1828

Headquarters

One Citizens Plaza,Providence, RI 02903

Type of Company

Public

Employees (Worldwide)

17.6K

Industries

Retail & Commercial Banking
Consumer Finance
Holding Companies

Company Description

Citizens Financial Group, Inc. engages in the provision of commercial banking services. It operates through the following segments: Consumer Banking and Commercial Banking. The Consumer Banking segment includes deposit products, mortgage and home equity lending, student loans, auto financing, credit cards, business loans, and wealth management and investment services. The Commercial Banking segment offers lending and leasing, trade financing, deposit and treasury management, foreign exchange and interest rate risk management, corporate finance and debt, and equity capital markets. The company was founded in 1828 and is headquartered in Providence, RI.

Contact Data
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Executives & Employees

Chairman & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Chief Risk Officer & General Counsel

Chief Compliance Officer

Chief Information Officer

Executive Vice President, Chief Accounting Officer & Controller

Chief Experience Officer

Chief Human Resources Officer & Executive Vice President

President, Michigan

Vice Chairman & Head-Commercial Banking

Board of Directors

Chairman & Chief Executive Officer at Citizens Financial Group, Inc. - Rhode Island

Executive Vice President & Chief Financial Officer at Citizens Financial Group, Inc. - Rhode Island

Chief Executive Officer at The Hartford

President & Chief Executive Officer at Horace Mann Educators Corp.

Adjunct Faculty at University of Virginia - School of Law

Former Managing Director, Investment Manager Solutions at State Street Corporation

Former Chairman, President & Chief Executive Officer at Charter One Financial, Inc.

Chairman of the Board of Trustees, President, Chief Executive Officer at Liberty Property LP

Chairman at Encompass Health Rehabilitation Hospital of Charleston LLC

Vice Chairman at Mystic Seaport Museum, Inc.

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Citizens Financial Group, Inc. - Rhode Island
Owners & Shareholders
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H&W employs an active, team-based investment approach driven by in-house fundamental research and bottom-up security selection. The firm offers value equity investment strategies across the market-cap spectrum, as well as strategies that emphasize income generation. Their investment focus is on equity securities, fixed-income securities, options, derivatives and other securities, depending on the investment objective of the client. The goal of all H&W’s investment strategies is to provide clients with portfolios that offer attractive risk-adjusted returns relative to a specified benchmark. The firm seeks to invest in stocks whose future prospects are misunderstood or are not fully recognized by the market. For investments in fixed income securities, H&W develops an outlook for credit markets, interest rates, currency exchange rates and the economy, analyzes individual credit and call risks, and uses other security selection techniques. Their capital income strategies invest in equity and high yield fixed income securities that generate current income and are attractively valued.

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LSVAM is a quantitative value equity manager that provides active investment management for institutional investors through the application of proprietary investment models. The firm's investment approach is based on the premise that superior long-term results can be achieved by systematically exploiting the judgmental biases and behavioral weaknesses that influence the decisions of many investors. LSVAM uses a strictly quantitative investment model to identify out-of-favor (undervalued) stocks that have the potential for near-term appreciation. They select individual securities using a bottom-up, quantitative approach. All of their investment strategies use the same approach with investments segmented into different market-cap ranges and/or geographic regions.

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Perkins is a long-only equities investment advisor that employs a value-oriented approach based on the belief that investing in a diversified portfolio of high-quality yet undervalued stocks can lead to outperformance of a benchmark over time. The firm employs a thorough bottom-up method of fundamental analysis and conducts rigorous downside analysis before determining upside potential. Their investment strategies include: small-cap value, mid-cap value, large-cap value, global value, non-US value, all-cap value and value plus income. Perkins seeks high-quality companies with strong balance sheets, low debt ratios, financial flexibility, solid recurring free cash flows and committed and tenured management with significant insider ownership.

Recent Transactions
Details Hidden

Citizens Financial Group, Inc. - Rhode Island purchases Trinity Capital LLC

Details Hidden

Citizens Financial Group, Inc. - Rhode Island, Citizens Bank NA purchase Clarfeld Financial Advisors LLC

Details Hidden

Citizens Financial Group, Inc. - Rhode Island, Citizens Bank NA purchase Franklin American Mortgage Co.

Transaction Clients
Investment Advisor

Advised on Blucora, Inc. purchases TaxACT, Inc. from TA Associates Management, L.P.

Investment Advisor

Advised on American Infrastructure Funds LLC, Safe Harbor Marinas LLC purchase Brewer Yacht Yard Group, Inc.

Lender

Advised on Dynamic Precision Group, Inc., CAI Capital Management Co. (Canada), Ae Industrial Partners LP, The Carlyle Group, Inc. purchase Paradigm Precision Holdings LLC

Transaction Advisors
Investment Advisor

Advised onNatWest Group Plc, Citizens Financial Group, Inc. - Rhode Island purchase Charter One Financial, Inc.

Legal Advisor

Advised onNatWest Group Plc, Citizens Financial Group, Inc. - Rhode Island purchase Charter One Financial, Inc.

Underwriter

Advised onCitizens Financial Group, Inc. - Rhode Island issued USD Common Stock

Chair, Banking Practice

Advised onNatWest Group Plc, Citizens Financial Group, Inc. - Rhode Island purchase Charter One Financial, Inc.

Counsel

Advised onCitizens Financial Group, Inc. - Rhode Island, Citizens Bank NA purchase Clarfeld Financial Advisors LLC

Legal Advisor

Advised onCitizens Financial Group, Inc. - Rhode Island, Citizens Bank NA purchase Franklin American Mortgage Co.

Advisors & Consultants
Legal Advisor

Partner at Jones Day

Advisor

Chief Financial Officer at Washington Trust Bancorp, Inc.

Legal Advisor

Partner at Sullivan & Cromwell LLP

Clients

Priority Technology Holdings, Inc. is a provider of merchant acquiring and commercial payments solutions with a platform of micro services that activate and monetize vertically specialized merchant networks. It offers unique product capabilities to businesses, enterprises and distribution partners such as retail independent sales organizations, financial institutions, wholesale ISOs, and independent software vendors in the United States. The company operates through three reportable segments: Consumer Payments, Commercial Payments, and Integrated Partners. The Consumer Payments represents consumer-related services and offerings including merchant acquiring and transaction processing services including the proprietary MX enterprise suite. The Commercial Payments represents services provided to certain enterprise customers, including outsourced sales force to those customers and accounts payable automation services to commercial customers. The Integrated Partners represents payment adjacent services that are provided primarily to the health care and residential real estate industries. The company was founded on April 23, 2015 and is headquartered in Alpharetta, GA.

Visa, Inc. engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit card, credit card, prepaid products, commercial payment solutions, and global ATM. The company was founded by Dee Hock in 1958 and is headquartered in San Francisco, CA.

Net Element, Inc. provides solutions that supports electronic payments acceptance in a multi-channel environment including point-of-sale, e commerce, and mobile devices. It operates through the following segments: North America Transaction Solutions, International Transaction Solutions, and Corporate Expenses & Eliminations. The North America Transaction Solutions segment provides technology and services to businesses that are required to accept cashless transactions, mobile payment services, merchant performance analytical tools, and merchant back office reporting. The International Transaction Solutions segment provides online and mobile commerce solutions for merchants including social networks, game developers, online magazines, mobile applications and digital media operators. The company was founded on April 20, 2010 and is headquartered in North Miami Beach, FL.

Key Stats and Financials As of 2020
Market Capitalization
$19.7B
Total Enterprise Value
$25.7B
Earnings Per Share
$2.22
Net Profit
$1.06B
Total Debt
$9.42B
Total Equity
$22.7B
Enterprise Value / Sales
3.55x
TEVNet Income
24.28x
Debt TEV
0.37x
Three Year Compounded Annual Growth Rate Of Revenue
4.24%
Revenue
$7.24B
Non-Profit Donations & Grants
Political Donations
$1,000
2013
$1,000
2013
$1,000
2012
Investments
Details Hidden

NextMark, Inc. provides direct marketing tools and resources. It enables media planning, media operations, and media sales. It provide information and technology that powers the market for addressable media and enables media planning, media operations, and media sales. The company was founded by Joseph Pych in 1999 and is headquartered in Hanover, NH.

Suppliers
Cardtronics Inc. Consumer Finance | Houston, Texas

Cardtronics, Inc. engages in the provision of convenient automated consumer financial services through its network of automated teller machines and multi-function financial services kiosks. It operates through the following segments: North America; Europe and Africa; and Australia and New Zealand. The company was founded in 1993 and is headquartered in Houston, TX.

Cardtronics Plc Retail & Commercial Banking | Houston, TX

Cardtronics plc engages in the provision of automated consumer financial services through automated teller machines and multi-function financial services kiosks. It operates through the following geographical segments: North America, Europe & Africa, and Australia & New Zealand. The North America segment represents automated teller machine (ATM) operations in the Unites States, Puerto Rico, Canada, and Mexico. The Europe & Africa segment caters the United Kingdom, Ireland, Germany, Spain, and South Africa. The Australia & New Zealand segment includes ATM operations in Australia and New Zealand. The company was founded in 1993 and is headquartered in Houston, TX.

Bottomline Technologies Pension Funds & Sovereign Wealth | Portsmouth, NH

Bottomline Technologies, Inc. engages in facilitating electronic payments and transaction settlement between businesses, vendors, and banks. It operates through the following segments: Cloud Solutions; Banking Solutions; Payments and Transactional Documents; and Other. The Cloud Solutions segment provides customers with SaaS technology offerings that facilitate electronic payment, electronic invoicing, and spend management. The Banking Solutions segment offers solutions that are specifically designed for banking and financial institution customers. The Payments and Transactional Documents segment supplies software products that provide a range of financial business process management solutions including making and collecting payments, sending and receiving invoices, and generating and storing business documents. The Other segment consists healthcare and cyber fraud and risk management solutions. The company was founded by Daniel M. McGurl and James L. Loomis in May 1989 and is headquartered in Portsmouth, NH.

Competitors
Regions Financial Corporation Retail & Commercial Banking - Birmingham, AL

Regions Financial Corporation, with $125 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, mortgage and insurance products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,600 banking offices and 2,000 ATMs.

Huntington Bancshares, Inc. Retail & Commercial Banking - Bloomfield Hills, MI

Huntington Bancshares, Inc. operates as a bank holding company. It provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services. The company operates through the following segments: Consumer & Business Banking, Commercial Banking, Commercial Real Estate & Vehicle Finance, Regional Banking & The Huntington Private Client Group, and Home Lending. The Consumer & Business Banking segment provides financial products and services to consumer and small business customers including but not limited to checking accounts, savings accounts, money market accounts, certificates of deposit, investments, consumer loans, credit cards and small business loans. The Commercial Banking segment provides products and services to the middle market, large corporate, and government public sector customers located primarily within its geographic footprint. The segment is divided into following business units: Middle Market, Large Corporate, Specialty Banking, Asset Finance, Capital Markets, Treasury Management, and Insurance. The Commercial Real Estate & Vehicle Finance segment provides products and services include providing financing for land, buildings, and other commercial real estate owned or constructed by real estate developers, automobile dealerships, or other customers with real estate project financing needs, and financing for the purchase of automobiles, light-duty trucks, recreational vehicles and marine craft at franchised dealerships, financing the acquisition of new and used vehicle inventory of franchised automotive dealerships. The Regional Banking and The Huntington Private Client Group segment consists of private banking, wealth & investment management, and retirement plan services. The Home Lending segment originates and services consumer loans and mortgages for customers who are located in primary banking markets. Huntington Bancshares was founded in 1966 and is headquartered in Columbus, OH.

The PNC Financial Services Group, Inc. Retail & Commercial Banking - Pittsburgh, Pennsylvania

PNC Financial Services Group, Inc. is a holding company, which engages in the provision of financial services. It operates through the following segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, investment management, and cash management products and services to consumer and small business customers. The Corporate & Institutional segment covers the lending, treasury management, and capital markets-related products and services to mid-sized and large corporations, government, and not-for-profit entities. The Asset Management Group segment includes personal wealth management for high net worth and ultra high net worth clients and institutional asset management. The BlackRock segment operates as a publicly-traded investment management firm providing a range of investment, risk management and technology services to institutional and retail clients. The company was founded in 1983 and is headquartered in Pittsburgh, PA.

Awards & Honors
Rank #486
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #486
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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