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

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Citizens Financial Group, Inc. Reports First Quarter Net Income of $34 million and EPS of $0.03 with Underlying Net Income of $59 million and EPS of $0.09

April 17, 2020 6:37 AM EDT

CECL-related reserve build of $463 million, or $0.85 per share, tied to COVID-19 impacts

CET1 ratio remains strong at 9.4%

Record noninterest income up 16% year over year, paced by record results in Mortgage and Wealth

Tangible book value per share of $32 up 8% year over year

PROVIDENCE, R.I.--(BUSINESS WIRE)-- Citizens Financial Group, Inc. (NYSE: CFG or Citizens) today reported first quarter 2020 financial results. The earnings press release, investor presentation, and financial supplement are available at... More