Citizens Q1 net income $511M ($1.00 EPS); underlying EPS $1.10; deposits stable in March

CITIZENS FINANCIAL GROUP INC/RI

2023-Q1 EPS reported $1.00 revenue$2,128,000,000

Net income $511M, diluted EPS $1.00; underlying net income $560M, underlying EPS $1.10.
Total revenue $2.128B; NIM stable at 3.30%; underlying PPNR $898M.
Period-end deposits $172.2B (down 4.7% QoQ); deposits stable in March; LDR 89.8%.
CET1 ratio 10.0% (upper end of target); repurchased $400M in shares; TBV/share $29.44.
Provision for credit losses $168M; NCO ratio 0.34%; ACL/loans ratio 1.47%.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CITIZENS FINANCIAL GROUP INC/RI reported financial results for first quarter 2023.

Period: first quarter 2023
Result: reported results

Exact text from the filing

Citizens Financial Group, Inc. Reports First Quarter 2023 Net Income of $511 million and EPS of $1.00 Underlying Net Income of $560 million and EPS of $1.10

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CITIZENS FINANCIAL GROUP INC/RI reported financial results for first quarter 2023.

Period: first quarter 2023
Result: reported results

Exact text from the filing

On April 19, 2023, Citizens Financial Group, Inc. (the “Company”) issued a press release announcing its first quarter 2023 earnings and posted on its website the press release and a financial supplement.

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CITIZENS FINANCIAL GROUP INC/RI filing history →

Source: SEC EDGAR

accession 0000759944-23-000058

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