CFG Stock Recent News

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.

Citizens Financial Group, Inc.'s Q3 earnings showed declines in deposits and loans, with revenues down 5.6% year-over-year, and net income narrowing to $382 million. Asset quality metrics deteriorated, with net interest margin falling to 2.77% and nonaccrual loans rising to 1.19% of total loans. Return metrics weakened, with return on average tangible assets at 0.72% and return on average equity dropping to 9.6%.

Citizens Financial Group, Inc. reported Q3 earnings in line with expectations, with shares flat after a 60% gain over the past year. Net interest income and margin declined due to fixed-rate swaps and rising deposit costs, but the private bank showed strong growth. Credit quality is a concern with reduced reserves and increased non-accrual loans, though capital levels remain healthy with a 3.9% dividend yield.

Citizens Financial Group, Inc. (NYSE:CFG ) Q3 2024 Earnings Conference Call October 16, 2024 9:00 AM ET Company Participants Kristin Silberberg - Executive Vice President, Investor Relations Bruce Van Saun - Chairman and Chief Executive Officer John Woods - Chief Financial Officer Brendan Coughlin - Head of Consumer Banking Don McCree - Head of Commercial Banking Conference Call Participants Scott Siefers - Piper Sandler Matt O'Connor - Deutsche Bank John Pancari - Evercore Erika Najarian - UBS Manan Gosalia - Morgan Stanley Operator Good morning, everyone and welcome to the Citizens Financial Group Third Quarter Earnings Conference Call. My name is Alan, and I'll be your operator today.

Citizens Financial Group (CFG) came out with quarterly earnings of $0.79 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.85 per share a year ago.

Beyond analysts' top -and-bottom-line estimates for Citizens Financial Group (CFG), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.