secwatch.observer — SEC 8-K summary
======================================

Issuer:     CITIZENS FINANCIAL GROUP INC/RI (CFG)
CIK:        0000759944
Form:       8-K
Filed at:   2024-01-17T23:59:59+00:00
Accession:  0000759944-24-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/759944/000075994424000005/0000759944-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/759944/000075994424000005/cfg-20240117.htm
  HTML page:      https://secwatch.observer/filing/0000759944-24-000005

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