Financial services company Citizens Financial Group, Inc. (NYSE: CFG) on Wednesday reported earnings for the first quarter of 2024.
- First-quarter underlying net income decreased to $395 million from $560 million in the year-ago quarter
- On a per-share basis, underlying earnings were $0.79, compared to $1.10 in the same period of 2023
- Net income attributable to shareholders was $365 million in Q1, vs. $537 million a year earlier
- The bottom line was negatively impacted by an 8% decrease in revenues to $1.96 billion
- Citizens declared a quarterly dividend of $0.42 per share, payable on May 15 to shareholders of record on May 1, 2024
- Total interest income increased 9% year-over-year to $2.61 billion during the three months
- Total non-interest income was $517 million in Q1, compared to $485 million last year
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
AMAT Earnings: Applied Materials Q1 2025 adj. profit rises on higher sales
Applied Materials, Inc. (NASDAQ: AMAT), a leading supplier of equipment and software for manufacturing semiconductor chips and flat panel displays, Thursday reported an increase in sales and adjusted earnings for
Cisco Systems (CSCO) bets on strong AI demand to drive growth
After starting the fiscal year on a weak note, Cisco Systems Inc. (NASDAQ: CSCO) has regained momentum, reporting higher second-quarter revenue and profit that beat analysts’ estimates. The company is
What to expect when Hasbro (HAS) reports its fourth quarter 2024 earnings results
Shares of Hasbro, Inc. (NASDAQ: HAS) stayed green on Thursday. The stock has gained 7% year-to-date. The toymaker is scheduled to report its fourth quarter 2024 earnings results on Thursday,