Financial services company Citizens Financial Group, Inc. (NYSE: CFG) on Wednesday reported earnings for the third quarter of 2024.
- Third-quarter underlying net income decreased to $354 million from $418 million in the year-ago quarter
- On a per-share basis, underlying earnings were $0.79 in Q3, compared to $0.89 in the same period of 2023
- Net income attributable to shareholders was $344 million in the September quarter, vs. $400 million a year earlier
- The bottom line was negatively impacted by a 6% decrease in revenues to $1.90 billion
- Citizens declared a quarterly dividend of $0.42 per share, payable on November 13 to shareholders of record on October 30, 2024
- Net interest income decreased 10% year-over-year to $1.37 billion during the three months
- Total non-interest income was $532 million in Q3, compared to $492 million last year
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