Citizens Financial Group Inc at RBC Capital Markets Global Financial Institutions Conference (Virtual) Transcript

Mar 10, 2021 / 02:20PM GMT
Gerard Sean Cassidy - RBC Capital Markets, Research Division - MD, Head of U.S. Bank Equity Strategy & Large Cap Bank Analyst

Welcome to our second day of our 25th Annual Financial Institutions Conference. We are very pleased to have with us Citizens Financial Group. As many of you know, Citizens is the 12th largest bank in the United States with about $183 billion in assets. Its franchise covers 11 states. The company has about 17,000 employees and over 980 branches. The company is now trading just below book value. The company's dividend yield is about 3.6% and has a CET1 ratio of about 10%. The company has announced that it's planning to do a buyback or it's underway in the first quarter -- beginning in the first quarter of about $750 million.

We're very pleased today to have with us John Woods, who's Vice Chairman and CFO of Citizens Financial Group. He's been here since February of 2019. And prior to that, he was Vice Chairman and CFO of Union Bank out in California.

John, thank you very much for joining us today.

John F. Woods - Citizens Financial

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