secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS FINANCIAL GROUP INC/RI (CFG)
CIK:        0000759944
Form:       8-K
Filed at:   2024-07-17T23:59:59+00:00
Accession:  0000759944-24-000138
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Citizens Financial Q2 2024 net income $392M ($0.78 EPS); underlying EPS $0.82
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/759944/000075994424000138/0000759944-24-000138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/759944/000075994424000138/cfg-20240717.htm
  HTML page:      https://secwatch.observer/filing/0000759944-24-000138

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