---
schema_version: "secwatch.filing_event.v1"
accession: "0000759944-24-000060"
form_type: "8-K"
ticker: "CFG"
cik: "0000759944"
company_name: "CITIZENS FINANCIAL GROUP INC/RI"
filed_at: "2024-04-17T23:59:59+00:00"
generated_at: "2026-06-03T21:57:42.894869+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Citizens Financial Q1 net income $334M, EPS $0.65; underlying EPS $0.79; NIM stable 2.91%

## Summary
- Net income $334M vs $511M YoY; diluted EPS $0.65 vs $1.00; underlying EPS $0.79 vs $1.10.
- Revenue $1,959M down 8% YoY; underlying PPNR $683M vs $898M; NIM flat at 2.91%.
- Period-end loans $143.2B (-2% QoQ); deposits $176.4B (+$4.2B YoY); LDR 81%.
- CET1 ratio 10.6%; TBV/share $30.19 (-2% QoQ); NCO ratio 0.50% vs 0.34% YoY.
- Capital Markets fees recovered; Non-Core portfolio runoff and balance sheet optimization ongoing.

## SEC filing metadata
- accession: 0000759944-24-000060
- form_type: 8-K
- ticker: CFG
- cik: 0000759944
- company_name: CITIZENS FINANCIAL GROUP INC/RI
- filed_at: 2024-04-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/759944/000075994424000060/0000759944-24-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/759944/000075994424000060/cfg-20240417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000759944-24-000060
- JSON: https://secwatch.observer/filing/0000759944-24-000060.json
- Plain text: https://secwatch.observer/filing/0000759944-24-000060.txt

## Key facts
- Earnings Releases
  CITIZENS FINANCIAL GROUP INC/RI reported first quarter 2024 results: revenue $ 1,959, net income $334 million, EPS $0.65.
  - Period: first quarter 2024
  - Revenue: $ 1,959
  - Net income: $334 million
  - EPS: $0.65
  - Result: reported results
  source text: reduced further to $2.0 billion, down 83% YoY ■ Strong CET1 ratio of 10.6%; TCE ratio of 6.5% ■ TBV/share of $30.19, down 2% QoQ reflecting rate impacts on AOCI Total revenue $ 1,959 $ 1,988 $ 2,128 Pre-provision profit 601 376 832 Underlying pre-provision profit 683 721 898 Provision for credit losses 171 171 168 Net income 334 189 511 Underlying net income
  evidence_url: https://www.sec.gov/Archives/edgar/data/759944/000075994424000060/0000759944-24-000060-index.htm

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