---
schema_version: "secwatch.filing_event.v1"
accession: "0000759944-24-000170"
form_type: "8-K"
ticker: "CFG"
cik: "0000759944"
company_name: "CITIZENS FINANCIAL GROUP INC/RI"
filed_at: "2024-10-16T23:59:59+00:00"
generated_at: "2026-05-30T14:12:39.398814+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Citizens Financial Q3 net income drops to $382M; underlying EPS $0.79; CET1 10.6%

## Summary
- 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%.

## SEC filing metadata
- accession: 0000759944-24-000170
- form_type: 8-K
- ticker: CFG
- cik: 0000759944
- company_name: CITIZENS FINANCIAL GROUP INC/RI
- filed_at: 2024-10-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/759944/000075994424000170/0000759944-24-000170-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/759944/000075994424000170/cfg-20241016.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000759944-24-000170
- JSON: https://secwatch.observer/filing/0000759944-24-000170.json
- Plain text: https://secwatch.observer/filing/0000759944-24-000170.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.