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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%
