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Citizens Financial's (CFG) Q2 Earnings Top, Revenues Climb
Financial | Regional - Mid-Atlantic Banks | USA

Riding on higher revenues, Citizens Financial Group CFG delivered a positive earnings surprise of 2.1% in second-quarter 2019. Adjusted earnings per share came in at 96 cents, beating the Zacks Consensus Estimate of 94 cents. Also, the bottom line improved 9.1% year over year.

After considering one-time items, net income came in at $453 million, up 7% year over year. Earnings were 95 cents per share, up 8%.

Rise in fee income and interest income supported revenue growth. Also, its capital position remained strong. However, elevated expenses and provisions were headwinds.

NII & Fee Income Drive Revenues, Loans & Deposits Decline

Total revenues for the second quarter came in at $1.63 billion, surpassing the Zacks Consensus Estimate of $1.62 billion. Additionally, the top line was up 8% year over year.



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https://finance.yahoo.com/news/citizens-...02201.html

Citizens Financial Group (CFG) Q4 Earnings and Revenues Top Estimates

Citizens Financial Group (CFG) came out with quarterly earnings of $0.99 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $0.98 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 3.13%. A quarter ago, it was expected that this bank would post earnings of $0.96 per share when it actually produced earnings of $0.98, delivering a surprise of 2.08%.


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https://finance.yahoo.com/news/citizens-...12451.html