Citizens Financial Group (NYSE: CFG) reported Q4 EPS of $0.98, $0.03 better than the analyst estimate of $0.95. Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.6 billion.

Underlying net income of $474 million up 36% and diluted EPS of $0.98 up 38% year over year*

• ROTCE of 13.8%; Underlying ROTCE of 14.1% in fourth quarter 2018, up 3.7% year over year*
• 2018 net income of $1.7 billion and $3.52 diluted EPS
• 2018 Underlying net income of $1.7 billion up 32% and diluted EPS of $3.56 up 38% from 2017*
• 4.0% Underlying operating leverage in 2018 before the impact of Franklin American Mortgage Company*
• Board declares a 19% increase in quarterly common stock dividend

“We are pleased to end the year with another quarter of strong results for Citizens, continuing our track record of consistent execution and delivering against our goals,” said Chairman and Chief Executive Officer Bruce Van Saun. “We are executing well and head into 2019 with good momentum as evidenced by our continued strong operating leverage, balance sheet growth, expanding customer base and broadening of our capabilities, including our recent acquisition of Clarfeld Financial Advisors.”

Van Saun continued, “We are pleased to have already achieved the lower end of our medium-term ROTCE target and are now increasing the range to 14 to 16 percent. Our strong performance has allowed us to raise our dividend today by a further 19%, as we continue to deliver strong value for all our stakeholders.”

For earnings history and earnings-related data on Citizens Financial Group (CFG) click here.