secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS FINANCIAL GROUP INC/RI (CFG)
CIK:        0000759944
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0000759944-24-000060
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/759944/000075994424000060/0000759944-24-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/759944/000075994424000060/cfg-20240417.htm
  HTML page:      https://secwatch.observer/filing/0000759944-24-000060

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