secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS FINANCIAL GROUP INC/RI (CFG)
CIK:        0000759944
Form:       8-K
Filed at:   2023-10-18T23:59:59+00:00
Accession:  0000759944-23-000143
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/759944/000075994423000143/0000759944-23-000143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/759944/000075994423000143/cfg-20231018.htm
  HTML page:      https://secwatch.observer/filing/0000759944-23-000143

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