secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS FINANCIAL GROUP INC/RI (CFG)
CIK:        0000759944
Form:       8-K
Filed at:   2025-01-17T23:59:59+00:00
Accession:  0000759944-25-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Citizens Financial Q4 2024 net income $401M ($0.83 EPS); underlying EPS $0.85
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- Net income of $401M vs $189M in Q4 2023; GAAP EPS $0.83 vs $0.34 YoY.
- Underlying net income $412M; underlying EPS $0.85 (flat YoY); underlying PPNR $684M, up 4% QoQ.
- Net interest margin (FTE) improved 10 bps to 2.87%; total revenue $1,986M, roughly flat YoY.
- CET1 ratio 10.8% (up from 10.6% in Q3); period-end loans $139.2B, down 1.7% QoQ amid Non-Core run-off.
- Private Bank lending grew $1.1B to $3.1B; spot deposits up $1.4B to $7.0B; LDR 79.6%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/759944/000075994425000005/0000759944-25-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/759944/000075994425000005/cfg-20250117.htm
  HTML page:      https://secwatch.observer/filing/0000759944-25-000005

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