Citizens Financial (CFG) Q1 Earnings Miss Estimates, Costs Rise

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 ...