Citizens Financial Group (CFG) Tops Q2 EPS by 2c

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Go back to Citizens Financial Group (CFG) Tops Q2 EPS by 2c

Citizens Financial Group, Inc. Reports Second Quarter Net Income of $243 Million; Diluted EPS of $0.46 up 31% from Second Quarter 2015

July 21, 2016 6:50 AM EDT

ROTCE of 7.3% in second quarter 2016 compared with Adjusted 6.7%* in second quarter 2015

Positive operating leverage of over 3% on a year-over-year Adjusted basis*

Continued progress on growth initiatives; Additional TOP III efficiency initiatives launched

Completed sale of $310 million troubled debt restructuring portfolio with third quarter 2016 gain of
approximately $70 million

PROVIDENCE, R.I.--(BUSINESS WIRE)-- Citizens Financial Group, Inc. (NYSE: CFG or Citizens) today reported second quarter net income of $243 million, or $0.46 per diluted common share, up 28% and 31%, respectively, from $190 million and $0.35 per... More