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Sep 30, 2022
Citizens Q3 2022 Earnings Report
Citizens Financial Group reported net income and EPS for Q3 2022.
Key Takeaways
Citizens Financial Group reported a strong Q3 2022, with net income of $636 million and EPS of $1.23. The company benefited from higher rates, controlled deposit costs, and a higher net interest margin. Balance sheet management strategies led to stable deposits and commercial loan growth.
Underlying EPS of $1.30 and ROTCE of 17.9%.
Underlying PPNR of $982 million, up 16% QoQ.
Strong positive underlying operating leverage QoQ of 6.0%.
Continued strong credit performance with NCO ratio of 19 bps.
Citizens
Citizens
Forward Guidance
No specific forward guidance was found in this report.