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Citizens Financial Group - Fundamentalanalyse - Jahresbericht / Bilanz / Geschäftsbericht

Citizens Financial Group (ISIN: US1746101054, WKN: A12BD3) Kursdatum: 21.07.2017 Kurs: 34,480 USD
Beschreibung Daten
Symbol CFG
Marktkapitalisierung 18.065.141.760,00 USD
Land Vereinigte Staaten von Amerika
Indizes S&P 500
Sektor Finanzdienstleister
Rohdaten nach US GAAP in Millionen USD
Aktiensplits
Internet
Letztes Bilanz Update 24.02.2017

Fundamentaldaten

Fundamental Verhältnisse errechnet am: 21.07.2017
KFCV KCV DIV Rendite GKR EKQ KGV KUV KBV
15,22 12,12 1,33% 0,69 13,21 17,50 3,44 0,92

Firmenbeschreibung

QUARTERLY SALES AND EARNINGS DATA – UNAUDITED(Dollars in millions, except per share amounts)First Quarter Second Quarter Third Quarter Fourth Quarter2015       Sales$2,443 $2,533 $2,447 $2,225Gross profit656 720 695 509Asset impairments and restructuring charges, net109 — 21 53Net earnings attributable to Eastman171 297 256 124Net earnings per share attributable to Eastman(1)       Basic$1.15 $2.00 $1.73 $0.83Diluted1.14 1.98 1.71 0.83(1) Each quarter is calculated as a discrete period; the sum of the four quarters may not equal the calculated full year amount.(Dollars in millions, except per share amounts)First Quarter Second Quarter Third Quarter Fourth Quarter2014       Sales$2,305 $2,460 $2,413 $2,349Gross profit595 657 636 333Asset impairments and restructuring charges (gains), net13 (7) 71 —Net earnings attributable to Eastman233 292 210 16Net earnings per share attributable to Eastman(1)       Basic$1.54 $1.96 $1.41 $0.11Diluted1.52 1.93 1.39 0.11(1) Each quarter is calculated as a discrete period; the sum of the four quarters may not equal the calculated full year amount.

Firmenstrategie

RevenueRecognitionPolicyTextBlock

Revenue Recognition

Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured.

Interest income on loans and securities classified as AFS or HTM is determined using the effective interest method. This method calculates periodic interest income at a constant effective yield on the net investment in the loan or security, to provide a constant rate of return over the terms of the financial assets. Securities classified as trading account assets, and other financial assets accounted for using the fair value option, are measured at fair value with corresponding changes recognized in noninterest income.

Loan commitment fees for loans that are likely to be drawn down, and other credit related fees, are deferred (together with any incremental costs) and recognized as an adjustment to the effective interest rate on the loan. When it is unlikely that a loan will be drawn down, the loan commitment fees are recognized over the commitment period on a straight-line basis.

Other types of noninterest revenues, such as service charges on deposits, interchange income on credit cards and trust revenues, are accrued and recognized into income as services are provided and the amount of fees earned are reasonably determinable.

SegmentReportingDisclosureTextBlock

BUSINESS SEGMENTS

The Company is managed by its CEO on a segment basis. The Company’s two business segments are Consumer Banking and Commercial Banking. The business segments are determined based on the products and services provided, or the type of customer served. Each segment has one or more segment heads who report directly to the CEO. The CEO has final authority over resource allocation decisions and performance assessment. The business segments reflect this management structure and the manner in which financial information is currently evaluated by the CEO. Non-segment operations are classified as Other, which includes corporate functions, the Treasury function, the securities portfolio, wholesale funding activities, intangible assets, community development, non-core assets, and other unallocated assets, liabilities, capital, revenues, provision for credit losses and expenses.

Reportable Segments

Segment results are determined based upon the Company’s management reporting system, which assigns balance sheet and income statement items to each of the business segments. The process is designed around the Company’s organizational and management structure and, accordingly, the results derived are not necessarily comparable with similar information published by other financial institutions. A description of each reportable segment and table of financial results is presented below:

Consumer Banking

The Consumer Banking segment focuses on retail customers and small businesses with annual revenues of up to $25 million. It offers traditional banking products and services, including checking, savings, home loans, student loans, credit cards, business loans and financial management services. It also operates an indirect auto financing business, providing financing for both new and used vehicles through auto dealerships. The segment’s distribution channels include a branch network, ATMs and a work force of experienced specialists ranging from financial consultants, mortgage loan officers and business banking officers to private bankers. Our Consumer Banking value proposition is based on providing simple, easy to understand product offerings and a convenient banking experience with a more personalized approach.

Commercial Banking

The Commercial Banking segment primarily targets companies with annual revenues from $25 million to $2.5 billion and provides a full complement of financial products and solutions, including loans, leases, trade financing, deposits, cash management, commercial cards, foreign exchange, interest rate risk management, corporate finance and capital markets advisory capabilities. It focuses on middle-market companies, large corporations and institutions and has dedicated teams with industry expertise in government banking, not-for-profit, healthcare, technology, professionals, oil & gas, asset finance, franchise finance, asset-based lending, commercial real estate, private equity and sponsor finance. While the segment’s business development efforts are predominantly focused in the Company’s footprint, some of its specialized industry businesses also operate selectively on a national basis (such as healthcare, asset finance and franchise finance). A key component of Commercial Banking’s growth strategy is to bring ideas to clients that help their businesses thrive, and in doing so, expand the loan portfolio and ancillary product sales.

Non-segment Operations

Other

In addition to non-segment operations, Other includes certain reconciling items in order to translate the segment results that are based on management accounting practices into consolidated results. For example, Other includes goodwill and any associated goodwill impairment charges.

 
As of and for the Year Ended December 31, 2015
(in millions)
Consumer Banking
 
Commercial Banking
 
Other

 
Consolidated

Net interest income

$2,198

 

$1,162

 

$42

 

$3,402

Noninterest income
910

 
415

 
97

 
1,422

Total revenue
3,108

 
1,577

 
139

 
4,824

Noninterest expense
2,456

 
709

 
94

 
3,259

Profit before provision for credit losses
652

 
868

 
45

 
1,565

Provision for credit losses
252

 
(13
)
 
63

 
302

Income before income tax expense (benefit)
400

 
881

 
(18
)
 
1,263

Income tax expense (benefit)
138

 
302

 
(17
)
 
423

Net income (loss)

$262

 

$579

 

($1
)
 

$840

Total average assets

$52,848

 

$42,800

 

$39,422

 

$135,070

EarningsPerSharePolicyTextBlock

Earnings Per Share

Basic EPS is computed by dividing net income/(loss) available to common stockholders by the weighted-average number of common shares outstanding during each period. Net income/(loss) available to common stockholders represents net income after preferred stock dividends, accretion of the discount on preferred stock issuances, and gains or losses from any repurchases of preferred stock. Diluted EPS is computed by dividing net income/(loss) available to common stockholders by the weighted-average number of common shares outstanding during each period, plus potential dilutive shares such as call options, share-based payment awards, and warrants using the treasury stock method.

 
As of and for the Year Ended December 31, 2014
(in millions)
Consumer Banking
 
Commercial Banking
 
Other

 
Consolidated

Net interest income

$2,151

 

$1,073

 

$77

 

$3,301

Noninterest income
899

 
429

 
350

 
1,678

Total revenue
3,050

 
1,502

 
427

 
4,979

Noninterest expense
2,513

 
652

 
227

 
3,392

Profit before provision for credit losses
537

 
850

 
200

 
1,587