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John Woods

Vice Chairman & Chief Financial Officer, Citizens Financial Group

Search every verified John Woods interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. During Citizens Financial Group's fourth quarter 2024 earnings call on January 17, 2025, Vice Chairman and CFO John Woods discussed the company's financial outlook and deposit strategy. He stated that Citizens expects net interest income (NII) to rise 3 to 5 percent in the coming year, driven primarily by net interest margin (NIM) expansion to approximately 3 percent. Woods projected spot loan growth in the low single digits overall, with mid-single-digit growth excluding non-core assets, noting that commercial loan demand is expected to pick up in the second half of 2025 while private bank lending should grow consistently throughout the year. Woods also addressed deposit performance, saying the company outperformed its own expectations for deposit betas in the fourth quarter, with betas around 50 percent versus an original estimate of 40 percent. He described the core retail franchise as performing "extremely well" and cited idiosyncratic opportunities in the New York metro area and private bank, as well as commercial business driving demand deposit account growth. Looking at the medium term, Woods indicated a clear path to achieving a 16 to 18 percent return on equity target, with NIM projected to reach 3.25 to 3.5 percent by 2027, potentially at the higher end or above if the Federal Reserve maintains elevated rates.

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