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Dec 31, 2019
Citizens Q4 2019 Earnings Report
Reported net income of $450 million and EPS of $0.98.
Key Takeaways
Citizens Financial Group reported Q4 net income of $450 million, a decrease of 3% compared to Q4 2018, with earnings per share of $0.98, up 2% from Q4 2018. The results reflect strong performance in fee-based businesses and good loan growth in Consumer and Commercial, which offset pressure on net interest margin.
Revenue growth of $44 million, or 3%, despite the challenging rate environment.
Record noninterest income up 16%, driven by mortgage banking, capital markets, and foreign exchange products.
Underlying efficiency ratio of 58.0% and ROTCE of 12.5%.
Tangible book value per common share increased 12% to $32.08.
Revenue by Segment
Forward Guidance
Success in 2020 will require further disciplined execution, but the building blocks are in place with our TOP 6 program and related strategic initiatives.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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