Financial services company Citizens Financial Group, Inc. (NYSE: CFG) on Wednesday reported an increase in second-quarter net income, aided by a modest increase in revenues.
- June quarter revenues advanced 5% year-over-year to $2.09 billion
- Net income, on a reported basis, came in at $478 million or $0.92 per share, compared to $364 million or $0.67 per share last year
- Underlying profit, excluding special items, was $531 million or $1.04 per share, compared to $595 million or $1.14 per share a year earlier
- The underlying efficiency ratio was 58.9% in Q2, compared to 58.2% in the second quarter of 2022
- Provision for credit losses totaled $176 million, down from $216 million reported last year
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q1 2024
Energy exploration company Chevron Corporation (NYSE: CVX) announced first-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation was $5.50 billion or
ABBV Earnings: AbbVie reports lower adj. profit for Q1 2024; revenue edges up
Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Friday announced first-quarter 2024 financial results, reporting a decline in adjusted earnings and a modest rise in revenues. The company reported worldwide net
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was