secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS FINANCIAL GROUP INC/RI (CFG)
CIK:        0000759944
Form:       8-K
Filed at:   2023-04-19T23:59:59+00:00
Accession:  0000759944-23-000058
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/759944/000075994423000058/0000759944-23-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/759944/000075994423000058/cfg-20230419.htm
  HTML page:      https://secwatch.observer/filing/0000759944-23-000058

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer