Citizens Financial Group: Fourth Quarter Earnings Overview

Citizens Financial Group Reports Strong Fourth-Quarter Earnings

Citizens Financial Group Inc., headquartered in Providence, Rhode Island, announced a net profit of $528 million for the fourth quarter.

The company’s earnings reached $1.13 per share, surpassing the expectations of Wall Street analysts. According to Zacks Investment Research, the consensus estimate among 10 analysts was $1.11 per share.

During the same period, Citizens Financial Group generated $3.07 billion in total revenue. After accounting for interest expenses, net revenue stood at $2.16 billion, slightly above the $2.15 billion anticipated by four analysts polled by Zacks.

For the full year, the bank reported a total profit of $1.83 billion, or $3.86 per share, with annual revenue amounting to $8.25 billion.

This article was produced by Automated Insights using financial data provided by Zacks Investment Research.