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AI brief of an SEC Form 8-K · Citizens Financial (CFG)

Citizens Financial Group Q2 EPS $0.78 vs $0.92 a year earlier; net income $392 million

Mixed Impact 3 of 5 earnings Written later

Citizens Financial Group reported second quarter 2024 net income of $392 million, or $0.78 diluted EPS, up from $334 million and $0.65 in the first quarter but down from $478 million and $0.92 a year earlier. Underlying EPS, a non-GAAP measure that excludes notable items, was $0.82, and management said it remains comfortable with its full-year guidance and medium-term targets.

Key points

  • Net income $392 million and diluted EPS $0.78, versus $334 million and $0.65 in Q1 2024 and $478 million and $0.92 in Q2 2023.
  • Underlying EPS $0.82, versus $0.79 in Q1 2024 and $1.04 in Q2 2023; notable items reduced EPS by $0.04.
  • Total revenue $1.96 billion, flat from Q1 2024 and down 6% from Q2 2023; noninterest income rose 7% from Q1 to $553 million.
  • Quarterly common dividend of $0.42 per share, payable August 14, 2024, to holders of record on July 31, 2024; $200 million of shares repurchased in the quarter.

The filing

CompanyCitizens Financial (CFG)
Form8-K, current report
Filed with the SECJul 17, 2024, 6:54 AM ET
Accession number0000759944-24-000138

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:10 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 17, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.