---
schema_version: "secwatch.filing_event.v1"
accession: "0000759944-23-000112"
form_type: "8-K"
ticker: "CFG"
cik: "0000759944"
company_name: "CITIZENS FINANCIAL GROUP INC/RI"
filed_at: "2023-07-19T23:59:59+00:00"
generated_at: "2026-06-13T06:42:11.517280+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Citizens Financial Q2 net income $478M (EPS $0.92); revenue $2.09B

## Summary
- Net income $478M ($0.92 diluted EPS); underlying net income $531M ($1.04 EPS).
- Total revenue $2,094M, down 2% QoQ; underlying PPNR $861M.
- Period-end deposits $177.7B, up 3% QoQ; loans-to-deposit ratio improved to 85%.
- CET1 ratio 10.3% (+30 bps QoQ); repurchased $256M in common shares.
- Provision for credit losses $176M; net charge-off ratio 0.40% vs 0.34% Q1.

## SEC filing metadata
- accession: 0000759944-23-000112
- form_type: 8-K
- ticker: CFG
- cik: 0000759944
- company_name: CITIZENS FINANCIAL GROUP INC/RI
- filed_at: 2023-07-19T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/759944/000075994423000112/0000759944-23-000112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/759944/000075994423000112/cfg-20230719.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000759944-23-000112
- JSON: https://secwatch.observer/filing/0000759944-23-000112.json
- Plain text: https://secwatch.observer/filing/0000759944-23-000112.txt

## Key facts
- Earnings Releases
  CITIZENS FINANCIAL GROUP INC/RI reported second quarter 2023 results: net income $478 million, EPS $0.92 per diluted share.
  - Period: second quarter 2023
  - Net income: $478 million
  - EPS: $0.92 per diluted share
  - Result: reported results
  source text: Citizens Financial Group, Inc. Reports Second Quarter 2023 Net Income of $478 million and EPS of $0.92
  evidence_url: https://www.sec.gov/Archives/edgar/data/759944/000075994423000112/0000759944-23-000112-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.