Citizens Financial Group (CFG) has reported first-quarter 2024 earnings per share (EPS) of 65 cents, missing the Zacks Consensus Estimate of 75 cents. The bottom line declined from $1 in the year-ago quarter.Underlying EPS for the first quarter of 2024 was 79 cents, down from $1.10 reported in the year-ago quarter.Results were adversely affected by lower net interest income (NII) and a rise in provisions and operating expenses. However, an increase in non-interest income and lower allowance for credit losse ...

Other (1) 3.6 2 Total C&I(2) $ 44.0 31 % CRE Multi-family $ 9.5 7 % Office 5.7 4 Credit tenant lease and life sciences(3) 2.3 2 Other general office 3.4 2 Industrial 4.1 3 Retail 3.4 2 Co-op 1.8 1 Data Center 0.7 — Hospitality 0.6 — Other (1) 3.1 3 Total CRE $ 28.9 20 % Total Commercial loans & leases $ 72.8 51 % Total CFG $ 143.2 Diverse and granular portfolio Commercial portfolio risk ratings(4) $s in billions 58% 57% 56% 25%17% 17% 14%19% 20% 3% 7% 7% 4Q19 4Q23 1Q24 B- and lower B+ to B BB+ to BB- AAA+ t ...

Okay. Thank you, John. And Alan, letÂ's open it up for Q&A. Question-and-Answer Session  Operator [Operator Instructions] Our first question will come from the line of Ryan Nash with Goldman Sachs. Your line is open. Ryan Nash Hey, good morning Bruce. Good morning, John. Bruce Van Saun Good morning. John Woods Good morning. Ryan Nash Maybe to start off with some of the guidance, you broadly reiterated – can you maybe just flesh out how some of the expectations have changed, particularly around NII, John? I ...

For the quarter ended March 2024, Citizens Financial Group (CFG) reported revenue of $1.96 billion, down 7.9% over the same period last year. EPS came in at $0.65, compared to $1.00 in the year-ago quarter.The reported revenue represents a surprise of -0.40% over the Zacks Consensus Estimate of $1.97 billion. With the consensus EPS estimate being $0.75, the EPS surprise was -13.33%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wal ...

Citizens Financial Group (CFG) came out with quarterly earnings of $0.65 per share, missing the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $1 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -13.33%. A quarter ago, it was expected that this bank would post earnings of $0.60 per share when it actually produced earnings of $0.34, delivering a surprise of -43.33%.Over the last four quarters, the comp ...

1 2 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------------------|-------------|-------------|-------------|-------|-------------|---------------------------|----------------|------------|---------------------|----------| | | 1Q24 | 4Q23 | 3Q23 | | 2Q23 | QUARTERLY TRENDS \n1Q23 | 4Q23 \n$/bps | 1Q24 \n% | Change 1Q23 \n$/bps | % | | SELECTED OPERATING DATA | | | | | | | | | | | | Total revenue | $1,959 | $1,988 | $2,014 | | $2,094 ...

Investors are always looking for stocks that are poised to beat at earnings season and Citizens Financial Group, Inc. (CFG) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Citizens Financial Group is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information po ...

The market expects Citizens Financial Group (CFG) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 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 earnings report, which is expected to be released on April 17, 2024, might help the stock move higher if these key num ...

PROVIDENCE, R.I.--(BUSINESS WIRE)--The U.S. banking system remains well-positioned to help boost global growth and act as a steward for existing and new markets, while driving alignment with the values and policies that contribute to collective prosperity, remarked Bruce Van Saun, Chairman and Chief Executive Officer of Citizens Financial Group, while accepting the Foreign Policy Association’s 2024 FPA Medal. Speaking at the Association’s March 7 Financial Services Dinner in New York, Van Saun highlighte ...

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) today announced the appointment of Tracy A. Atkinson to the company’s Board of Directors, effective March 1, 2024. Atkinson’s appointment will temporarily expand the Citizens Board to 14 directors. She will serve on the Board’s Audit Committee. Atkinson most recently served as an executive vice president of State Street Corporation, having held a number of senior finance and risk management roles including chief administrative off ...