The market expects Citizens Financial Group (CFG) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected t ...

It has been about a month since the last earnings report for Citizens Financial Group (CFG) . Shares have added about 10.6% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Citizens Financial Group due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Citizens Financial Q3 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Large accelerated filer ☑ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From (Not Applicable) Commission File Number 001- ...

Citizens Financial Group, Inc. (NYSE:CFG) Q3 2024 Earnings Conference Call October 16, 2024 9:00 AM ET Company Participants Kristin Silberberg - Executive Vice President, Investor Relations Bruce Van Saun - Chairman and Chief Executive Officer John Woods - Chief Financial Officer Brendan Coughlin - Head of Consumer Banking Don McCree - Head of Commercial Banking Conference Call Participants Scott Siefers - Piper Sandler Matt O'Connor - Deutsche Bank John Pancari - Evercore Erika Najarian - UBS Manan Gosalia ...

Citizens Financial Group (CFG) reported $1.9 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 5.6%. EPS of $0.79 for the same period compares to $0.85 a year ago. The reported revenue represents a surprise of -1.91% over the Zacks Consensus Estimate of $1.94 billion. With the consensus EPS estimate being $0.79, the company has not delivered EPS surprise. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ho ...

Group 1 - Citizens Financial Group (CFG) reported quarterly earnings of $0.79 per share, matching the Zacks Consensus Estimate, but down from $0.85 per share a year ago [1] - The company posted revenues of $1.9 billion for the quarter ended September 2024, missing the Zacks Consensus Estimate by 1.91% and down from $2.01 billion year-over-year [2] - Over the last four quarters, Citizens Financial Group has not surpassed consensus EPS estimates and has topped consensus revenue estimates only once [2][1] Group 2 - Citizens Financial Group shares have increased approximately 31.2% since the beginning of the year, outperforming the S&P 500's gain of 21.9% [3] - The company's earnings outlook, including current consensus earnings expectations for upcoming quarters, will be crucial for investors [4] - The current consensus EPS estimate for the upcoming quarter is $0.87 on revenues of $1.99 billion, and for the current fiscal year, it is $3.23 on revenues of $7.85 billion [7] Group 3 - The Zacks Industry Rank for Financial - Savings and Loan is in the top 43% of over 250 Zacks industries, indicating a favorable outlook for the sector [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The estimate revisions trend for Citizens Financial Group is currently mixed, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it will perform in line with the market [6]

Core Viewpoint - Analysts forecast a decline in quarterly earnings and revenues for Citizens Financial Group, indicating potential challenges in the company's financial performance [1][2]. Earnings and Revenue Estimates - Citizens Financial Group (CFG) is expected to report earnings of $0.79 per share, reflecting a year-over-year decline of 7.1% [1]. - Anticipated revenues are projected to be $1.94 billion, down 3.8% compared to the same quarter last year [1]. Revisions and Analyst Consensus - The consensus EPS estimate has been revised downward by 1.2% in the past 30 days, indicating a reassessment by analysts [2]. - Analysts emphasize the importance of earnings projection revisions as a predictor of investor behavior and stock price performance [3]. Key Financial Metrics - Book value per common share is estimated to reach $49.07, up from $44.75 a year ago [5]. - Net charge-offs are projected at $177.44 million, compared to $153 million in the same quarter last year [5]. - The consensus for Net Interest Margin is 2.8%, down from 3% a year ago [5]. - Return on average common equity is estimated at 6.6%, down from 7.5% [6]. - Efficiency Ratio is projected to be 65.9%, compared to 64.2% last year [6]. - Average Balances - Total interest-earning assets are expected to be $199.98 billion, slightly up from $199.59 billion a year ago [6]. Capital Ratios - Tangible book value per common share is expected to reach $31.32, up from $27.73 last year [7]. - Common Equity Tier 1 Capital Ratio is projected at 10.7%, compared to 10.4% a year ago [7]. - Tier 1 Leverage Ratio is estimated at 9.3%, down from 9.4% last year [8]. - Tier 1 Capital Ratio is expected to be 11.9%, up from 11.5% a year ago [8]. - Total Capital Ratio is projected at 13.9%, compared to 13.4% last year [9]. Market Performance - CFG shares have returned +4% over the past month, while the Zacks S&P 500 composite has changed by +5.4% [9]. - CFG holds a Zacks Rank 3 (Hold), suggesting it may mirror overall market performance in the near future [10].

Citizens Financial Group (CFG) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...

Expansion Strategy - Citizens Financial Group, Inc. (CFG) is advancing its West Coast expansion strategy by adding a Private Banking team in Southern California and opening new office locations [1][4] - The expansion is part of CFG's integrated growth approach across Private Banking, Wealth Management, and Corporate & Investment Banking [2] Market Presence - CFG has a strong and growing presence in California, particularly in Commercial Banking, supported by investment banking, equity research, sales, and trading services [3] - The newly created Private Banking team will focus on the San Diego and Newport Beach markets, led by Victor Mena, who has significant regional expertise [4] New Office Openings - CFG has opened two new Private Banking offices in Mill Valley and Downtown San Francisco, marking its first branches in these areas [5] - Additional offices are planned in Newport Beach, San Diego, and Silicon Valley, expected to open by mid-2025 [4] Client Services - The new offices will provide personalized Private Banking and wealth management services to high-net-worth individuals, families, businesses, and philanthropic organizations [5][6] - CFG aims to deepen its presence and offer a comprehensive suite of banking and wealth management services with a focus on personal relationships and tailored solutions [6] Strategic Rationale - The CEO of Citizens JMP highlighted California's economic significance, noting it would be the fifth largest economy globally if it were a country [7] - CFG's expansion diversifies its geographic footprint and strengthens its competitive position in the financial services landscape, potentially increasing client acquisition and revenue generation [7] Stock Performance - Over the past six months, CFG's shares have increased by 17.5%, outperforming the industry's growth of 12.6% [8]

Citizens Financial Group, Inc. (CFG) remains well-poised for growth on the back of rising loans and deposit balances, along with efforts to improve its wealth management offerings. Additionally, strategic initiatives like Tapping Our Potential (TOP) will further support its financials. However, a rising cost base is likely to limit its bottom-line growth, and limited diversification in its loan portfolio presents an additional concern. Key Growth Drivers for CFG Efforts to Improve Wealth Management Unit: Ci ...