Categories Earnings, Finance

Earnings Summary: Highlights of Citizens Financial Group’s Q1 2024 results

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

AZO Earnings: AutoZone reports higher sales and profit for Q3 2024

Automotive parts retailer AutoZone, Inc. (NYSE: AZO) on Tuesday said its third-quarter net sales and earnings increased modestly from last year. The company reported net sales of $4.24 billion for the

Infographic: Key highlights from Macy’s (M) Q1 2024 earnings results

Macy’s, Inc. (NYSE: M) reported first quarter 2024 earnings results today. Net sales decreased 2.7% year-over-year to $4.8 billion. Comparable sales were down 1.2% on an owned basis and down

Here are a few reasons why Beyond Meat (BYND) appears to be beyond hope

Shares of Beyond Meat, Inc. (NASDAQ: BYND) rose over 1% on Monday. The stock has dropped 18% year-to-date. The company delivered disappointing results for the first quarter of 2024 and

Add Comment
Viewing Highlight