secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS FINANCIAL GROUP INC/RI (CFG)
CIK:        0000759944
Form:       8-K
Filed at:   2025-04-16T23:59:59+00:00
Accession:  0000759944-25-000051
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Citizens posts Q1 net income $373M, EPS $0.77; agrees to sell $1.9B in non-core education loans
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- Net income $373M, diluted EPS $0.77; underlying EPS $0.77; ROTCE 9.6%.
- Revenue $1.935B, down 2.6% QoQ; PPNR $621M, down 9% on an underlying basis.
- Period-end loans $137.6B, down 1% QoQ from $1.9B non-core education loan sale; core loans up ~1%.
- Spot deposits $177.6B, up 2% QoQ; Private Bank deposits up $1.7B to $8.7B.
- CET1 ratio 10.64%; TBV/share $33.97, up 5% QoQ; NCO ratio 0.58% (excl. sale 0.51%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/759944/000075994425000051/0000759944-25-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/759944/000075994425000051/cfg-20250416.htm
  HTML page:      https://secwatch.observer/filing/0000759944-25-000051

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