---
schema_version: "secwatch.filing_event.v1"
accession: "0000759944-24-000005"
form_type: "8-K"
ticker: "CFG"
cik: "0000759944"
company_name: "CITIZENS FINANCIAL GROUP INC/RI"
filed_at: "2024-01-17T23:59:59+00:00"
generated_at: "2026-06-06T22:51:07.547491+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Citizens Q4 2023 net income $189M ($0.34 EPS); underlying EPS $0.85; CET1 ratio 10.6%

## Summary
- Q4 net income $189M, diluted EPS $0.34; underlying net income $426M, underlying EPS $0.85.
- Total revenue $1.988B, down 1% QoQ; net interest margin 2.91% vs 3.03% prior quarter.
- Period-end loans $146.0B, down 3% QoQ; deposits $177.3B, broadly stable; LDR improved to 82.3%.
- CET1 ratio 10.6%, up 20 bps QoQ; TBV/share $30.91, up 11% QoQ.
- FY 2023 net income $1.6B, EPS $3.13; underlying EPS $3.88; notable items include $225M FDIC special assessment.

## SEC filing metadata
- accession: 0000759944-24-000005
- form_type: 8-K
- ticker: CFG
- cik: 0000759944
- company_name: CITIZENS FINANCIAL GROUP INC/RI
- filed_at: 2024-01-17T23:59:59+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/759944/000075994424000005/0000759944-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/759944/000075994424000005/cfg-20240117.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000759944-24-000005
- JSON: https://secwatch.observer/filing/0000759944-24-000005.json
- Plain text: https://secwatch.observer/filing/0000759944-24-000005.txt

## Key facts
- Earnings Releases
  CITIZENS FINANCIAL GROUP INC/RI reported fourth quarter and full year 2023 results: net income $189 million, EPS $0.34.
  - Period: fourth quarter and full year 2023
  - Net income: $189 million
  - EPS: $0.34
  - Result: reported results
  source text: Citizens Financial Group, Inc. Reports Fourth Quarter 2023 Net Income of $189 million and EPS of $0.34
  evidence_url: https://www.sec.gov/Archives/edgar/data/759944/000075994424000005/0000759944-24-000005-index.htm
- Earnings Releases
  CITIZENS FINANCIAL GROUP INC/RI reported full year 2023 results: net income $1.6 billion, EPS $3.13.
  - Period: full year 2023
  - Net income: $1.6 billion
  - EPS: $3.13
  - Result: reported results
  source text: 2023 Net Income of $1.6 billion and EPS of $3.13
  evidence_url: https://www.sec.gov/Archives/edgar/data/759944/000075994424000005/0000759944-24-000005-index.htm

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