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Jun 30, 2020
Citizens Q2 2020 Earnings Report
Citizens Financial Group reported second-quarter results with net income of $253 million and EPS of $0.53.
Key Takeaways
Citizens Financial Group reported a strong second quarter, navigating a challenging environment with record revenue, a robust loan loss reserve, and an increased CET1 capital ratio. The company successfully managed the impact of COVID-19 while maintaining a focus on customer and colleague well-being.
Net income was $253 million, with EPS at $0.53.
CET1 ratio increased to 9.6%.
Revenue reached a record $1.7 billion, up 7% year over year.
Noninterest income increased by 28% year over year, driven by record mortgage results.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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