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Citizens Financial Group (CFG)
:CFG
Earnings Data
Report Date
Apr 16, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.76Last Year’s EPS
0.65Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 17, 2025
|% Change Since: -0.45%
|Next Earnings Date:Apr 16, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with strong NIM expansion, revenue growth, and favorable credit trends. However, challenges such as subdued loan demand and higher expense growth were also noted. Overall, the highlights significantly outweighed the lowlights.Company Guidance
During the Citizens Financial Group Q4 2024 earnings call, the company provided optimistic guidance for 2025, noting several key metrics. Net interest income (NII) is projected to grow by 3% to 5% due to further net interest margin (NIM) expansion, aiming for around 3%. Fee income is expected to increase by 8% to 10%, driven by capital markets and wealth management. Operating expenses are anticipated to rise by approximately 4%, with a focus on strategic investments in growth initiatives, while maintaining positive operating leverage of around 1.5%. Credit costs are expected to improve, with net charge-offs projected in the range of $650 million to $700 million, and the allowance for credit losses (ACL) ratio is expected to continue seeing releases throughout the year. The company plans to maintain its Common Equity Tier 1 (CET1) ratio above 10.5% to 10.75%, ensuring a strong capital position amid macroeconomic uncertainties. Citizens Financial Group is also targeting a medium-term return on tangible common equity (ROTCE) of 16% to 18%, supported by strategic initiatives like the expansion of the private bank, which is expected to be 5% accretive to the bottom line by 2025.Strong NIM Expansion and Revenue Growth
The company achieved a 10 basis points expansion in net interest margin (NIM), driving a sequential net interest income (NII) growth of 3%. Fees grew sequentially by 6%, paced by capital markets and mortgage.
Positive Operating Leverage
The company delivered positive operating leverage of around 50 basis points, even with a 3.5% expense growth due to strategic hiring.
Favorable Credit Trends
Non-performing assets (NPAs) decreased sequentially, and criticized assets trended downwards with no surprises in charge-offs.
Private Bank Achievements
The Private Bank reached $7 billion in deposits, $3.1 billion in loans, and $4.7 billion in assets under management and was profitable in the quarter.
Successful Share Repurchase
The company repurchased $225 million in shares during the quarter, totaling $1.05 billion for the year, representing 6% of the beginning-of-year balance.
Strong Capital Position
CET1 ratio strengthened to 10.8%, with a pro forma Category 1 Liquidity Coverage Ratio (LCR) of 119%.
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CFG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CFG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 17, 2025 | $46.39 | $47.13 | +1.60% |
| Oct 16, 2024 | $42.67 | $41.62 | -2.46% |
| Jul 17, 2024 | $38.49 | $39.77 | +3.33% |
| Apr 17, 2024 | $31.12 | $31.71 | +1.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Citizens Financial Group (CFG) report earnings?
Citizens Financial Group (CFG) is schdueled to report earning on Apr 16, 2025, TBA Not Confirmed.
What is Citizens Financial Group (CFG) earnings time?
Citizens Financial Group (CFG) earnings time is at Apr 16, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CFG EPS forecast?
CFG EPS forecast for the fiscal quarter 2025 (Q1) is 0.76.
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