earnings
confidence high
sentiment negative
materiality 0.65
Citizens Financial Q3 net income drops to $382M; underlying EPS $0.79; CET1 10.6%
CITIZENS FINANCIAL GROUP INC/RI
2024-Q3 EPS reported
$2.20
revenue$5,823,000,000
- Net income $382M ($0.77 EPS); underlying net income $392M ($0.79 EPS).
- Total revenue $1,901M, down 3% QoQ; NIM 2.77% vs 2.87% prior quarter.
- CET1 ratio 10.6%; TBV/share $33.54, up 9.6% QoQ; LDR 80.8%.
- Period-end loans stable at $141.6B; Private Bank loans +$634M to $2.0B; deposits +$1.6B to $5.6B.
- NCO ratio 0.54%, up 2 bps QoQ; provision $172M; ACL coverage 1.61%.