The company said its underlying EPS for Q4 2023 was $0.85, underlying net income was $426 million, GAAP net income was $189 million, and diluted EPS was $0.34.

8-KOther EventsFiled Jan 18, 2024Period of report Jan 18, 2024Summary published (UTC) Oct 29, 2026

Key points

AI summary

The company said its underlying EPS for Q4 2023 was $0.85, underlying net income was $426 million, GAAP net income was $189 million, and diluted EPS was $0.34.
The company said net interest income for Q4 was $1.5 billion, down 2% from the prior quarter and down 12% from a year earlier. It said net interest margin, FTE, was 2.91%, 12 basis points lower than the prior quarter.
The company reported notable items of pre-tax $345 million for Q4, of which the FDIC special assessment was $225 million ($0.35 per share). The company said it paused share repurchases during the quarter to cover the impact of the assessment.
The company said provision for credit losses for Q4 was $171 million, net charge-offs were 0.46% of average loans and leases, and the ACL-to-loans ratio was 1.59%.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Citizens Financial Group Underlying EPS of $0.85 for Q4, net income of $189 million

The company said its underlying EPS for Q4 2023 was $0.85, underlying net income was $426 million, GAAP net income was $189 million, and diluted EPS was $0.34.

Source · Based on the filing body and exhibits

Net interest income and NIM (FTE) trends for Q4

The company said net interest income for Q4 was $1.5 billion, down 2% from the prior quarter and down 12% from a year earlier. It said net interest margin, FTE, was 2.91%, 12 basis points lower than the prior quarter.

Source · Based on the filing body and exhibits

Q4 FDIC special assessment of $225 million included

The company reported notable items of pre-tax $345 million for Q4, of which the FDIC special assessment was $225 million ($0.35 per share). The company said it paused share repurchases during the quarter to cover the impact of the assessment.

Source · Based on the filing body and exhibits

Q4 provision for credit losses and credit metrics

The company said provision for credit losses for Q4 was $171 million, net charge-offs were 0.46% of average loans and leases, and the ACL-to-loans ratio was 1.59%.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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