Core Viewpoint - Citizens Financial Group (CFG) reported strong adjusted earnings per share of 77 cents for Q1 2025, exceeding estimates and reflecting an 18.4% year-over-year increase, driven by higher non-interest income and reduced expenses, despite challenges from lower net interest income and declining loan balances [1][2][10] Financial Performance - Net income on a GAAP basis was $373 million, a 12% increase from the prior year [2] - Total revenues for the quarter were $1.94 billion, slightly missing estimates by 0.3% and showing a 1.2% decline year-over-year [2] - Net interest income (NII) decreased by 4% year-over-year to $1.39 billion, attributed to a lower net interest margin and a decline in average interest-earning assets [3] - The net interest margin (NIM) shrank by 1 basis point to 2.90% [3] - Non-interest income rose by 5% year-over-year to $544 million, driven by increased service charges, wealth fees, and mortgage banking income [4] - Non-interest expenses decreased by 3% to $1.31 billion, reflecting lower costs in outside services and occupancy [5] Loan and Deposit Trends - Total loans and leases as of March 31, 2025, were $137.6 billion, down 1.1% from the prior year [6] - Total deposits increased by 1.6% to $177.6 billion [6] Credit Quality - Provision for credit losses was $153 million, down 10.5% year-over-year [7] - The allowance for credit losses decreased by 4% to $2.21 billion [7] - Net charge-offs increased by 10% to $200 million [7] - Non-accrual loans and leases rose by 8% to $1.58 billion [7] Capital Position - The tier 1 leverage ratio improved to 9.4%, up from 9.3% in the prior year [8] - The common equity tier 1 capital ratio remained stable at 10.6% [8] - The total capital ratio increased to 13.9%, compared to 13.8% in the prior year [8] Shareholder Returns - In Q1 2025, CFG repurchased $200 million of common shares and paid out $186 million in common dividends [9] Strategic Outlook - CFG's focus on strategic initiatives and efficiency improvements supports its financial performance, while a solid liquidity position allows for sustainable capital distributions [10]

Citizens Financial Group, Inc. (NYSE: CFG ) is a major regional bank we follow . As we have begun our regional bank coverage this earnings season, we have started to see some weakness in the regionals. Nothing disastrous, but someSelloff got you down? We are thriving during it at BAD BEAT InvestingWe have the right high-conviction picks and have helped our members hedge, and done well in this selloff. We also have pinpointed areas to buy during the correction. Enjoy more rapid-returns with our strategy to a ...

Citizens Financial Group, Inc. (CFG) is scheduled to report its first-quarter 2025 results on April 16, 2025, before the opening bell. The bank’s first-quarter 2025 revenues are expected to have declined from the year-ago quarter’s reported level, while earnings are expected to have improved.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the fourth quarter, CFG witnessed a rise in non-interest income, along with reduced expenses. However, lower net interest income (NII) and decl ...

Citizens Financial Group, Inc. (CFG) is benefiting from rising loans and deposit balances, along with its efforts to improve its wealth management offerings. Additionally, strategic initiatives like Tapping Our Potential ("TOP") will further support its financials. Yet, 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 StockOrganic Growth: Organic growth is Citizens Financial’s key strengt ...

Citizens (CIA) shares ended the last trading session 9% higher at $5.09. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 13% loss over the past four weeks.Citizens’ fourth quarter revenues surpassed estimate as well as improved year over year. Notably, total annual premium revenue grew for the first time since 2017, banking on its growth-oriented strategic initiatives. First year premiums increased year-over-year f ...

BOULDER, Colo., March 17, 2025 /PRNewswire/ -- Peregrine Energy Solutions LLC ("Peregrine"), an integrated multi-technology clean energy platform with a focus on utility-scale storage, announced today it has closed a $53 million preferred equity commitment with Bildmore Clean Energy for a 150MW battery energy storage project that's currently under construction. Concurrently, Peregrine also secured a $115 million bridge financing facility to fund the remaining construction of the project. First Citizens Bank ...

Group 1 - First Citizens Bancshares has been underperforming compared to its peers despite generally meeting expectations [1] - The stock performance of First Citizens Bancshares has been relatively stable against bank indexes [1]

Group 1 - Citizens reported quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.10 per share, and down from $0.21 per share a year ago, representing an earnings surprise of -30% [1] - The company posted revenues of $67.64 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 3.67%, compared to year-ago revenues of $65.61 million [2] - Citizens shares have increased about 12% since the beginning of the year, while the S&P 500 has declined by -4.8% [3] Group 2 - The current consensus EPS estimate for the coming quarter is $0.09 on revenues of $58.91 million, and for the current fiscal year, it is $0.38 on revenues of $256.29 million [7] - The Zacks Industry Rank for Insurance - Life Insurance is currently in the top 30% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

Core Insights - Citizens, Inc. reported a total annual premium revenue growth for the first time since 2017, with new products and expanded distribution channels leading to over $1.1 billion in insurance issued, a 54% increase from 2023 [3][6] - The company achieved total revenues of $245.0 million for the full year 2024, up from $240.7 million in 2023, and adjusted total revenues of $247.6 million, an increase from $239.9 million [6][10] - Citizens, Inc. expects continued sales growth leading to revenue and profit growth in 2025 and stronger growth in 2026, supported by a robust global business model [5][10] Financial Performance - In Q4 2024, total revenues were $63.5 million, down from $66.9 million in Q4 2023, but adjusted total revenues increased to $67.6 million from $65.6 million [6][10] - Income before federal income tax for the full year 2024 was $15.0 million, down from $26.2 million in 2023, with adjusted income before federal income tax at $21.3 million compared to $26.6 million in 2023 [6][10] - Net income for Q4 2024 was $3.6 million, or $0.07 per fully diluted Class A share, down from $10.7 million, or $0.21 per fully diluted Class A share, in the prior year quarter [14][10] Insurance Issuance and Premiums - Insurance issued in Q4 2024 was $262.6 million, a 10% increase compared to Q4 2023, driven by new domestic products and strong international sales [7][10] - Direct first year life and accident & health (A&H) premiums increased by 84% in Q4 2024, marking the ninth consecutive quarter of year-over-year growth [7][10] - The total direct insurance in force reached over $5.2 billion by December 31, 2024, an increase from $4.9 billion in 2023 [10][6] Strategic Initiatives - The company expanded its licensing to 43 U.S. states and Washington, D.C., up from 39 at the end of 2023 [3][10] - Citizens, Inc. achieved a 72% increase in its global network of producing agents in 2024, exceeding its goal of a 20% increase [9][10] - The company introduced two new products and made significant enhancements to existing products in 2024 [9][10] Cash Flow and Assets - Positive net cash provided by operating activities was $31.9 million for the full year 2024, compared to $22.1 million in 2023 [10][16] - Total assets were reported at $1.7 billion with cash and cash equivalents of $29.3 million and no debt as of December 31, 2024 [10][16] - Book value per Class A share increased by 21% over the year to $4.21, with an adjusted book value per share of $6.14, reflecting a 5% increase [10][30]

Company Overview - Citizens (CIA) shares increased by 5.9% to $5.53 in the last trading session, with a notable trading volume, and have gained 23.7% over the past four weeks [1] - The company is expected to benefit from competitive advantages in expanding niche markets, rapid sales force expansion, and expertise in profitable product development [1] Financial Strength - Citizens has a low-risk business model and conservative balance sheet management, ensuring financial strength [2] - The company maintains a debt-free balance sheet, has access to a $20 million line of credit, and has experienced cash inflows for two decades, providing liquidity for growth initiatives [2] Earnings Expectations - Citizens is projected to report quarterly earnings of $0.10 per share, reflecting a year-over-year decline of 52.4%, with expected revenues of $65.24 million, down 0.6% from the previous year [2] - The consensus EPS estimate for Citizens has remained unchanged over the last 30 days, indicating stability in earnings expectations [4] Market Position - Citizens holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook in the market [4] - In the same industry, GoHealth (GOCO) has a Zacks Rank of 3 (Hold) and is expected to report an EPS of $1.16, which is a 93.3% increase from the previous year [5]