secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS FINANCIAL GROUP INC/RI (CFG)
CIK:        0000759944
Form:       8-K
Filed at:   2024-01-18T23:59:59+00:00
Accession:  0000759944-24-000008
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Citizens Financial Q4 GAAP EPS $0.34, underlying $0.85; revenue $1.99B; $0.42 dividend
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- GAAP net income $189M ($0.34 EPS); underlying net income $426M ($0.85 EPS).
- Total revenue $1,988M, down from $2,200M YoY; NIM 2.91% vs 3.03% QoQ.
- Provision for credit losses $171M; ACL/loans ratio 1.59%; NCO ratio 0.46%.
- CET1 ratio 10.6% (up 20 bps QoQ); TBV/share $30.91 (up 11% QoQ).
- Quarterly dividend $0.42/share payable Feb 14, 2024; no share repurchases due to FDIC special assessment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/759944/000075994424000008/0000759944-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/759944/000075994424000008/cfg-20240118.htm
  HTML page:      https://secwatch.observer/filing/0000759944-24-000008

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