Ahead of Citizens Financial Group (CFG) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Core Insights - Citizens Financial Group (CFG) is expected to report quarterly earnings of $0.79 per share, reflecting a 14.1% decline year-over-year. Revenue is forecasted at $1.95 billion, down 6.8% from the previous year [1]. Financial Metrics Summary - The 'Efficiency Ratio' is anticipated to be 66.3%, an increase from 62.3% reported in the same quarter last year [4]. - The 'Return on average common equity' is estimated at 6.6%, down from 8% a year ago [5]. - 'Net charge-offs' are projected to reach $180.45 million, compared to $152 million in the previous year [6]. - The 'Common Equity Tier 1 Capital Ratio (CET1 Capital Ratio)' is expected to be 10.6%, slightly up from 10.3% reported last year [7]. - The 'Tier 1 Capital Ratio' is forecasted at 11.8%, compared to 11.4% a year ago [8]. - 'Nonaccrual loans and leases and repossessed assets' are estimated to reach $1.49 billion, up from $1.20 billion in the same quarter last year [9]. - 'Average Balances - Total interest-earning assets' are expected to be $199.03 billion, down from $201.50 billion a year ago [12]. - The 'Net Interest Margin' is projected at 2.9%, down from 3.2% reported in the same quarter last year [13]. - 'Book value per common share' is expected to be $48.41, compared to $45.44 in the same quarter last year [14]. - The 'Tangible book value per common share' is forecasted at $30.85, up from $28.72 a year ago [15]. - The 'Tier 1 Leverage Ratio' is estimated at 9.3%, slightly down from 9.4% last year [16]. - The 'Total Capital Ratio' is projected to be 13.7%, compared to 13.3% a year ago [17]. Stock Performance - CFG shares have increased by 10.8% over the past month, outperforming the Zacks S&P 500 composite, which rose by 4.3% [10].