Every material Form 8-K Citizens Financial filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Citizens Financial Group reported third quarter 2024 net income of $382 million, or $0.77 per diluted share, down from $392 million and $0.78 in the second quarter and from $430 million and $0.85 a year earlier. Total revenue fell 3% from the prior quarter to $1.9 billion, and management said some fees pushed out to the fourth quarter. The board also declared a quarterly common dividend of $0.42 per share.
Net income $382 million vs. $392 million in Q2 2024 and $430 million in Q3 2023
Diluted EPS $0.77 vs. $0.78 in Q2 2024 and $0.85 in Q3 2023; underlying EPS $0.79
Total revenue $1,901 million, down 3% from Q2 2024 and 6% from Q3 2023
Quarterly dividend of $0.42 per share, payable November 13, 2024, to holders of record on October 30, 2024
Citizens Financial Group named Claude E. Wade, an AIG executive vice president and Chief Digital Officer, as a director effective March 1, 2025, temporarily expanding the board to 14 members. Director Wendy Watson, who has served since 2010 and chairs the Audit Committee, will retire after her term expires at the April 2025 annual shareholder meeting because she reached the mandatory retirement age.
Claude E. Wade joins the board effective March 1, 2025 and will serve on the Risk Committee
Wade is executive vice president, Chief Digital Officer and Global Head of Business Operations and Global Head of Claims at AIG; he joined AIG in 2021 after BlackRock
Wendy Watson, a director since 2010 and Audit Committee chair, will retire after her term expires at the April 2025 annual meeting
Citizens Financial Group appointed Christopher Schnirel as Controller and Chief Accounting Officer, effective October 21, 2024, succeeding Jack Read, who left in August. The role oversees financial reporting and controls, a core function for shareholders relying on the company's financial statements.
Christopher Schnirel, age 53, previously served as Senior Vice President and Assistant Controller at Huntington Bancshares Inc. for a 12-year period.
Effective date of appointment is October 21, 2024; the appointment was announced September 16, 2024.
Total annual compensation is $1.1 million, plus a restricted stock unit buy-out award and relocation benefits.
Jack Read left Citizens in August 2024 for a career outside the banking sector.
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.
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.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Citizens Financial filing is on SEC EDGAR ↗. 8-K briefs of other companies →