secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS FINANCIAL GROUP INC/RI (CFG)
CIK:        0000759944
Form:       8-K
Filed at:   2024-10-16T23:59:59+00:00
Accession:  0000759944-24-000170
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/759944/000075994424000170/0000759944-24-000170-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/759944/000075994424000170/cfg-20241016.htm
  HTML page:      https://secwatch.observer/filing/0000759944-24-000170

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