Citizens Financial Q3 net income $430M, EPS $0.85; underlying EPS $0.89

CITIZENS FINANCIAL GROUP INC/RI

2023-Q3 EPS reported $2.78 revenue$6,236,000,000

Net income $430M ($0.85 diluted EPS); underlying net income $448M ($0.89 EPS) includes $(0.05) for Private Bank and $(0.14) for Non-Core.
Total revenue $2,014M, down from $2,094M QoQ; NII down 4% on lower NIM of 3.03% (vs 3.17%).
Provision for credit losses $172M; ACL/loans ratio 1.55%, up 3 bps QoQ.
CET1 ratio 10.4%; repurchased $250M in common shares; TBV/share $27.73, down 3% QoQ.
Period-end deposits $178.2B, up $530M QoQ; loans $149.7B, down 1%; LDR improved to 84%.

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 third quarter 2023 results: revenue $ 2,014, net income $430 million, EPS $0.85.

Period: third quarter 2023
Revenue: $ 2,014
Net income: $430 million
EPS: $0.85
Result: reported results

Exact text from the filing

On October 18, 2023, Citizens Financial Group, Inc. (the “Company”) issued a press release announcing its third 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 0000759944-23-000143

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