The company said net income for Q2 2024 was $392 million, underlying net income was $408 million, and underlying diluted EPS was $0.82. Underlying diluted EPS was $0.79 in 1Q24 and $1.04 in 2Q23.

8-KOther EventsFiled Jul 18, 2024Period of report Jul 18, 2024Summary published (UTC) Oct 26, 2026

Key points

AI summary

The company said net income for Q2 2024 was $392 million, underlying net income was $408 million, and underlying diluted EPS was $0.82. Underlying diluted EPS was $0.79 in 1Q24 and $1.04 in 2Q23.
Citizens Financial Group said underlying PPNR for Q2 was $694 million, up 2% from the prior quarter. Underlying noninterest income was $549 million, up $35 million, or 7%, from the prior quarter.
The company said net interest income for Q2 was $1,410 million, down 2% from the prior quarter. Net interest margin, FTE, was 2.87%, down 4 basis points, and the company cited the impact of swaps, at 6 basis points, as the main factor.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

Q2 Underlying EPS and Net Income

The company said net income for Q2 2024 was $392 million, underlying net income was $408 million, and underlying diluted EPS was $0.82. Underlying diluted EPS was $0.79 in 1Q24 and $1.04 in 2Q23.

Source · Based on the filing body and exhibits

Underlying PPNR and Fee Income

Citizens Financial Group said underlying PPNR for Q2 was $694 million, up 2% from the prior quarter. Underlying noninterest income was $549 million, up $35 million, or 7%, from the prior quarter.

Source · Based on the filing body and exhibits

Net Interest Income and Net Interest Margin Trends

The company said net interest income for Q2 was $1,410 million, down 2% from the prior quarter. Net interest margin, FTE, was 2.87%, down 4 basis points, and the company cited the impact of swaps, at 6 basis points, as the main factor.

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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