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Dec 31, 2022
Citizens Q4 2022 Earnings Report
Citizens reported solid Q4 2022 earnings, with underlying EPS of $1.32 and ROTCE of 19.4%.
Key Takeaways
Citizens Financial Group reported a net income of $653 million and EPS of $1.25 for Q4 2022. The underlying net income was $685 million, with an EPS of $1.32. The company's ROTCE reached 19.4%, and the efficiency ratio improved to 54.4%.
Underlying EPS of $1.32 and ROTCE of 19.4%.
Underlying PPNR of $1.0 billion, up 2% QoQ.
Positive underlying operating leverage of 1% QoQ.
Continued strong credit performance with NCO ratio of 22 bps.
Forward Guidance
Citizens is well prepared for the challenging and uncertain economic environment and continues to focus on managing the balance sheet and interest rate position well.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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