secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS FINANCIAL GROUP INC/RI (CFG)
CIK:        0000759944
Form:       8-K
Filed at:   2023-07-19T23:59:59+00:00
Accession:  0000759944-23-000112
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/759944/000075994423000112/0000759944-23-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/759944/000075994423000112/cfg-20230719.htm
  HTML page:      https://secwatch.observer/filing/0000759944-23-000112

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