Summary by Moomoo AI
On January 17, 2024, Citizens Financial Group, Inc. announced its fourth quarter and full year 2023 earnings. The company reported a net income of $189 million and earnings per share (EPS) of $0.34 for the fourth quarter, with an underlying net income of $426 million and EPS of $0.85. The full year 2023 net income stood at $1.6 billion with an EPS of $3.13, and an underlying EPS of $3.88. The Common Equity Tier 1 (CET1) capital ratio was strong at 10.6%. Total revenue for the fourth quarter was $1,988 million, a decrease from the previous year's $2,200 million. The provision for credit losses was $171 million, consistent with the previous quarter but up from $132 million in the same quarter of the previous year. Noninterest expense for the quarter was $1,612 million, with notable items amounting to...Show More