Citizens Tax Provision from 2010 to 2024

CFG-PH Stock   27.28  0.37  1.37%   
Citizens Financial's Tax Provision is increasing with slightly volatile movements from year to year. Tax Provision is estimated to finish at about 523.3 M this year. Tax Provision is the amount set aside by Citizens Financial Group, to cover any estimated taxes for the current period. It reflects Citizens Financial's expected tax liabilities. View All Fundamentals
 
Tax Provision  
First Reported
2010-12-31
Previous Quarter
422 M
Current Value
523.3 M
Quarterly Volatility
147.2 M
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Citizens Financial financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Citizens Financial's main balance sheet or income statement drivers, such as Tax Provision of 523.3 M, Net Interest Income of 5.9 B or Interest Income of 7.6 B, as well as many indicators such as Price To Sales Ratio of 685, Dividend Yield of 0.0316 or PTB Ratio of 0.61. Citizens financial statements analysis is a perfect complement when working with Citizens Financial Valuation or Volatility modules.
  
Check out the analysis of Citizens Financial Correlation against competitors.

Latest Citizens Financial's Tax Provision Growth Pattern

Below is the plot of the Tax Provision of Citizens Financial Group, over the last few years. It is the amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities. Citizens Financial's Tax Provision historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Citizens Financial's overall financial position and show how it may be relating to other accounts over time.
Tax Provision10 Years Trend
Slightly volatile
   Tax Provision   
       Timeline  

Citizens Tax Provision Regression Statistics

Arithmetic Mean322,421,667
Geometric Mean298,740,900
Coefficient Of Variation45.64
Mean Deviation119,418,444
Median241,000,000
Standard Deviation147,162,711
Sample Variance21656.9T
Range417M
R-Value0.70
Mean Square Error11945.6T
R-Squared0.49
Significance0
Slope22,983,125
Total Sum of Squares303196.1T

Citizens Tax Provision History

2024523.3 M
2023422 M
2022582 M
2021658 M

About Citizens Financial Financial Statements

Investors use fundamental indicators, such as Citizens Financial's Tax Provision, to determine how well the company is positioned to perform in the future. Although Citizens Financial's investors may analyze each financial statement separately, they are all interrelated. Understanding these patterns can help investors make the right trading decisions.
Last ReportedProjected for Next Year
Tax Provision422 M523.3 M

Currently Active Assets on Macroaxis

When determining whether Citizens Financial Group, is a strong investment it is important to analyze Citizens Financial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Citizens Financial's future performance. For an informed investment choice regarding Citizens Stock, refer to the following important reports:
Check out the analysis of Citizens Financial Correlation against competitors.
You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Please note, there is a significant difference between Citizens Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Citizens Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Citizens Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.