Underlying net income was $395 million and EPS was $0.79.
Capital market fees have recovered significantly
Stable NIM. LDR 81%. CET1 ratio 10.6%
Providence, Rhode Island, April 17, 2024–(BUSINESS WIRE)–Citizen Financial Group (NYSE: CFG or “Citizen”) today reported its first quarter 2024 financial results. Earnings press releases, investor presentations and supplemental financial information are available at http://investor.citizensbank.com. Additionally, these materials are provided to the Securities and Exchange Commission (SEC) on Form 8-K and are available on the SEC's website at www.sec.gov.
Bruce, Chairman and CEO, said: “A strong first quarter featuring a recovery in capital markets fees, stable NIM, further improvement in LDR, tight expense controls, and strong capital and credit reserve positions. I'm happy to start the year with this.” Van Saun. “We are successfully executing on our key strategic initiatives, including servicing Private Bank, NYC Metro, TOP 9 and Private Capital. I am excited.”
Citizen also announced today that its board of directors has declared a quarterly dividend on common stock of $0.42 per share. The dividend will be paid on May 15, 2024 to stockholders of record as of the close of business on May 1, 2024.
As previously announced, Citizens will host a live conference call to review first quarter 2024 financial results. Interested parties can access the call and related materials through the details below.
Conference call
Time: 9am (Eastern Standard Time)
Dial in: (877) 692-8955, meeting ID 7141414
Webcast/Presentations: Live webcasts are available at http://investor.citizensbank.com under “Events and Presentations.”
Replay Information: A replay of the conference call will be available from 12:00 PM ET on April 17, 2024 through May 17, 2024. Dial (866) 207-1041 and enter access code 4035711. A replay of the webcast will be available. In “Events and Presentations” at http://investor.citizensbank.com.
About Citizen Financial Group Co., Ltd..
Citizens Financial Group is one of the oldest and largest financial institutions in the United States, with assets of $220.4 billion as of March 31, 2024. Headquartered in Providence, Rhode Island, Citizens provides customers with a wide range of personal and commercial banking products and services. Individuals, small and medium-sized enterprises, medium-sized companies, large companies, and organizations. Citizen helps customers realize their potential by listening to them, understanding their needs and providing tailored advice, ideas and solutions. In consumer banking, Citizens offers an integrated experience that includes mobile and online banking, a full-service customer contact center, and the convenience of approximately 3,300 ATMs and approximately 1,000 branch offices in 14 states and the District of Columbia. . Consumer banking products and services include banking, lending, savings, wealth management, and a full range of services for small and medium-sized businesses. In commercial banking, Citizens offers a wide range of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, and mergers and acquisitions. Masu. Functioning of debt and equity capital markets. For more information, please visit www.citizensbank.com or click here. twitterLinkedIn or Facebook.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that do not describe historical or current facts are forward-looking statements. These statements include “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” and “goals.” , “target,” “commitment,” “potentially,” “probably,” and “probably” are often included. “project”, “outlook”, “outlook”, “guidance” or similar expressions, or “may”, “will”, “should”, “would”, “could”, etc. Future verbs and conditional verbs. Forward-looking statements are based on management's current beliefs and expectations and on information currently available to management. Our statements speak only as of the date hereof, and we undertake no obligation to update these statements or take into account new information or future events that may cause actual results to differ from those contained in such statements. We are not obligated to update the reasons. Accordingly, we caution you not to rely on these forward-looking statements. They are not statements of historical fact or guarantees of future performance. For more information on the factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to our annual report for the year ended December 31, 2023 filed with U.S. government agencies. (Form 10-K) under “Risk Factors.” U.S. Securities and Exchange Commission.
CFG-IR
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contact address
media: Peter Lucht — 781.655.2289
Investor: Kristin Silverberg — 203.900.6854
