Financial services company Citizens Financial Group, Inc. (NYSE: CFG) reported an increase in revenues and underlying earnings for the third quarter of fiscal 2025.
- Third-quarter revenues were $2.12 billion, up from $1.90 billion reported in the prior-year quarter
- Underlying earnings rose to $1.05 per share in the September quarter from $0.79 per share in Q3 2024
- Q3 net income was $494 million or $1.05 per share, vs. $382 million or $0.77 per share a year earlier
- Net charge-offs were 46 bps in Q3, down 2 bps QoQ, with continuing favorable credit trends
- Period-end loans and leases were $140.9 billion, vs. $141.6 billion in the prior-year period
- Period-end deposits rose to $180.0 billion from $175.2 billion in the same period last year
- Return on Tangible Common Equity rose to 11.7% in Q3 from $9.5% in Q3 2024
- The efficiency ratio came in at 63% in the September quarter, vs. 65.6% in the prior-year quarter