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Dec 31, 2021
Citizens Q4 2021 Earnings Report
Citizens reported strong Q4 2021 results with net income of $530 million and EPS of $1.17.
Key Takeaways
Citizens Financial Group reported a strong fourth quarter with underlying ROTCE of 14.6% and underlying EPS of $1.26, reflecting diversified fee businesses and excellent credit results. The company's underlying PPNR was $710 million, driven by outstanding Capital Markets results. Period-end loans were up 4%, and the company maintained a strong capital position with CET1 at 9.9%.
Underlying ROTCE of 14.6% and Underlying EPS of $1.26 reflects our diversified fee businesses and excellent credit results
Underlying PPNR of $710 million reflects outstanding Capital Markets results
Credit provision benefit of $25 million; NCO ratio stable QoQ at 14 bps
Period-end loans up 4%, up 5% excluding PPP impact; average loans up 2% QoQ, up 3% excluding PPP
Forward Guidance
Citizens Financial Group expects superior growth in 2022 and beyond, driven by continued successful execution of strategic initiatives and acquisition integration.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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