earnings
confidence high
sentiment positive
materiality 0.65
Citizens Financial Q2 2024 net income $392M ($0.78 EPS); underlying EPS $0.82
CITIZENS FINANCIAL GROUP INC/RI
2024-Q2 EPS reported
$1.44
revenue$3,922,000,000
- Underlying EPS $0.82, ROTCE 11.1%; revenue $1,963M, up slightly QoQ.
- Strong fee growth: Capital Markets, Wealth, and Card fees up 7% QoQ.
- CET1 ratio 10.7%; spot LDR 80.4%; deposits stable at $176.4B.
- Net charge-offs 52 bps, up 2 bps QoQ; ACL coverage 1.63%.
- Notable items pre-tax $(32)M ($0.04 EPS hit) including TOP and FDIC special assessment.