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Sep 30, 2020
Citizens Q3 2020 Earnings Report
Reported net income of $314 million and EPS of $0.68. Revenue reached a record high, driven by a 33% increase in noninterest income year over year.
Key Takeaways
Citizens Financial Group reported a net income of $314 million and EPS of $0.68 for Q3 2020. The company experienced record revenue, with noninterest income up 33% year over year, and a strong CET1 ratio of 9.8%. Pre-provision profit increased by 21% year over year.
Net income was $314 million, with earnings per share of $0.68.
Record revenue was achieved, driven by a 33% increase in noninterest income year over year.
The CET1 ratio increased to 9.8%.
Pre-provision profit was up 21% year over year.
Citizens
Citizens
Forward Guidance
This document contains forward-looking statements within the meaning of Private Securities Litigation Reform Act of 1995.