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Solid fee income growth, along with reduced expenses, supports CFG's Q4 earnings. Lower NII and loans and deposit balances are headwinds.
Citizens Financial Group's Q4 results show mixed performance, with declines in deposits and loans but slight improvements in net income and EPS. Despite tightening lending standards, key metrics like asset quality and net loan charge-offs have not significantly improved, justifying a hold rating. Return on average assets and equity saw slight improvements, but overall metrics still trend negatively, making Citizens less attractive compared to higher-yielding banks.
Citizens Financial Group, Inc. (CFG) Q4 2024 Earnings Call Transcript
The headline numbers for Citizens Financial Group (CFG) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Citizens Financial Group (CFG) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.34 per share a year ago.
Citizens Financial Group, Inc. CFG will release earnings results for its fourth quarter, before the opening bell on Friday, Jan. 17, 2025.
Besides Wall Street's top -and-bottom-line estimates for Citizens Financial Group (CFG), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
CFG's Q4 2024 results are expected to be hurt by a rising cost base and weak asset quality. However, a rise in NII and fee income are likely to offer support.
Citizens Financial Group (CFG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
PROVIDENCE, R.I.--(BUSINESS WIRE)--As previously announced, Citizens Financial Group, Inc. (NYSE: CFG) will report its fourth quarter and full year 2024 earnings on January 17, 2025. The news release and supplemental materials will be available at http://investor.citizensbank.com. CFG management will host a live conference call that morning with details as follows: Time: 9:00 am (ET) Dial-in: Individuals may call in by dialing 800-369-1703, conference ID 1679767 Webcast/Presentation: The li.