---
schema_version: "secwatch.filing_event.v1"
accession: "0000759944-23-000143"
form_type: "8-K"
ticker: "CFG"
cik: "0000759944"
company_name: "CITIZENS FINANCIAL GROUP INC/RI"
filed_at: "2023-10-18T23:59:59+00:00"
generated_at: "2026-06-09T22:13:07.238033+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000759944-23-000143
- form_type: 8-K
- ticker: CFG
- cik: 0000759944
- company_name: CITIZENS FINANCIAL GROUP INC/RI
- filed_at: 2023-10-18T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/759944/000075994423000143/0000759944-23-000143-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/759944/000075994423000143/cfg-20231018.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000759944-23-000143
- JSON: https://secwatch.observer/filing/0000759944-23-000143.json
- Plain text: https://secwatch.observer/filing/0000759944-23-000143.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/759944/000075994423000143/0000759944-23-000143-index.htm

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