Citizens Financial Group, Inc. (NYSE:CFG) Surpasses Earnings Expectations

• Citizens Financial Group, Inc. (NYSE:CFG) reported an EPS of $0.77, beating the estimated $0.75 and marking an 18.4% increase year-over-year.
• The company generated revenue of approximately $1.935 billion, slightly below the estimated $1.936 billion, with a total quarterly revenue of $1.94 billion.
• Despite challenges, CFG's net income rose to $373 million, a 12% increase from the previous year, showcasing effective expense management.

Citizens Financial Group, Inc. (NYSE:CFG) is a prominent player in the banking sector, particularly within the Zacks Banks - Northeast industry. The company offers a wide range of financial services, including retail and commercial banking products. CFG competes with other major financial institutions in the region, striving to maintain a strong market presence.

On April 16, 2025, CFG reported earnings per share (EPS) of $0.77, surpassing the estimated $0.75. This represents an 18.4% increase from the same quarter last year, as highlighted by Zacks. The positive results were driven by a rise in non-interest income and reduced expenses, alongside a strong capital position.

CFG generated a revenue of approximately $1.935 billion, slightly below the estimated $1.936 billion. The company's total quarterly revenues fell to $1.94 billion, missing the Zacks Consensus Estimate by 0.3% and reflecting a 1.2% year-over-year decline. This decrease was primarily due to a 4% drop in net interest income (NII), attributed to a lower net interest margin and a reduction in average interest-earning assets.

On a GAAP basis, Citizens Financial's net income rose to $373 million, marking a 12% increase from the previous year. This growth in net income highlights the company's ability to manage its expenses effectively, even in the face of challenges such as declining loan balances and lower NII. CFG's debt-to-equity ratio of approximately 0.51 indicates a moderate level of debt relative to its equity, while a strong current ratio of about 16.92 suggests a robust ability to cover short-term liabilities.

Over the past four quarters, CFG has outperformed consensus EPS estimates twice, demonstrating its resilience in a competitive market.