CFG - Citizens Financial Broadly Affirms FY24 Forecast Post Mixed Q1 Results: Details | Benzinga
Citizens Financial Group Inc (NYSE:CFG) reported a first-quarter FY24 revenue decline of 7.9% year-on-year to $1.959 billion, slightly missing the analyst consensus estimate of $1.96 billion.
Net interest income fell 12% Y/Y to $1.44 billion and slipped 3% sequentially due to lower loans and the impact of day count.
Adjusted net income available to common stockholders for the quarter decreased 32% Y/Y to $365 million. Adjusted EPS of $0.79 beat the consensus estimate of $0.74.
The adjusted efficiency ratio for the quarter was 65.1% compared to 57.8% last year. The CET 1 ratio ...