Key Highlights and Analysis of Citizens Financial Group's Q1 2024 Earnings Report
Wednesday, 17 April 2024, 13:41
Q1 2024 Earnings Report Highlights
Citizens Financial Group, Inc. (NYSE: CFG) announced its financial results for the first quarter of 2024. The key takeaways from the report include:
- Underlying net income: Decreased to $395 million from $560 million in the year-ago quarter.
- Earnings per share: $0.79, compared to $1.10 in 2023.
- Total interest income: Increased by 9% to $2.61 billion.
- Dividend payout: Citizens declared a quarterly dividend of $0.42 per share.
The company faced challenges with an 8% decline in total revenues to $1.96 billion, impacting the bottom line. Despite this, it remains committed to providing value to its shareholders.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.