secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS FINANCIAL GROUP INC/RI (CFG)
CIK:        0000759944
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0000759944-24-000141
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Citizens Q2 2024 underlying EPS $0.82, revenue $1.96B, NII down 2% QoQ
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- Underlying EPS $0.82 vs $1.04 YoY; GAAP EPS $0.78 vs $0.92 YoY; net income $392M.
- Revenue $1.96B, down 6% YoY; NII $1.46B (-2% QoQ); NIM 2.87% (down 4 bps QoQ).
- Period-end loans $141.8B (-1% QoQ); deposits $176.4B stable; LDR improved to 80.4%.
- NCO ratio 52 bps (up 2 bps QoQ); ACL coverage 1.63%; CET1 ratio 10.7%.
- Board declared $0.42 quarterly dividend, payable Aug 14, record Jul 31.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/759944/000075994424000141/0000759944-24-000141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/759944/000075994424000141/cfg-20240718.htm
  HTML page:      https://secwatch.observer/filing/0000759944-24-000141

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