Citizens Financial Group (CFG) Misses Q3 EPS by 1c, Revenues Beat

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Citizens Financial Group, Inc. Reports Third Quarter Net Income of $314 million and EPS of $0.68 Underlying Net Income of $338 million and EPS of $0.73

October 16, 2020 6:25 AM EDT

Record revenue with noninterest income up 33% year over year, paced by record results in Mortgage and strength in Capital Markets CET1 ratio remains strong, increases to 9.8%

 Pre-provision profit up 21% year over year, up 22% on an Underlying basis

7.8% positive operating leverage year over year, 9.0% on an Underlying basis

Tangible book value per share stable at $32, up 2% year over year

PROVIDENCE, R.I.--(BUSINESS WIRE)-- Citizens Financial Group, Inc. (NYSE: CFG or Citizens) today reported third quarter 2020 financial results. The earnings press release,... More