11 Best Regional Bank Dividend Stocks to Buy

8. Citizens Financial Group, Inc. (NYSE:CFG)

Number of Hedge Fund Holders: 43

Citizens Financial Group, Inc. (NYSE:CFG) is a Rhode Island-based bank holding company. It is a sizable regional bank serving the northeastern US, with a presence spanning over 1,000 retail branches across 14 states and total assets exceeding $217 billion. While its operating costs are higher than those of online-only banks, the company has maintained a strong track record in lending, effectively managing risk and generating solid returns. In addition, it has demonstrated operational strength, positioning itself as a reliable player in the regional banking sector.

Citizens Financial Group, Inc. (NYSE:CFG) generated $1.986 billion in revenue in the fourth quarter of 2024, which fell slightly by 0.1% from the same period last year. However, the revenue surpassed analysts’ estimates by $26.79 million. The company’s net income of $401 million grew significantly from $189 million in the prior-year period. The Private Bank closed the year with $7 billion in deposits, $3.1 billion in loans, and $4.7 billion in assets under management, showing strong progress toward its set targets.

Citizens Financial Group, Inc. (NYSE:CFG)’s balance sheet remained strong with a CET1 ratio of 10.8%, as of December 2024, compared with 10.6% a year ago. Due to this cash, the company remained committed to its shareholder obligation, returning $188 million to shareholders through dividends in the most recent quarter. Currently, it offers a quarterly dividend of $0.42 per share and has a dividend yield of 4.64%, as of April 3.