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Citizens Financial Group (CFG) Misses Q1 EPS by 29c, Revenues Beat

April 17, 2020 6:45 AM

Citizens Financial Group (NYSE: CFG) reported Q1 EPS of $0.09, $0.29 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $1.66 billion versus the consensus estimate of $1.61 billion.

Link to 1Q Earnings PDF

“We are dealing with unprecedented times, but I am pleased to say that Citizens remains financially strong, and focused on serving the needs of our customers, colleagues and communities,” said Chairman and Chief Executive Officer Bruce Van Saun. “Our first quarter results were quite strong before the impact of the CECL provision build, which was impacted by COVID-19’s effect on the economy. I would like to personally thank our colleagues for their outstanding efforts through this challenging period, and I offer my heartfelt empathy for the struggles that many in our community are facing.”

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

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