Citizens Financial Group said net income for the quarter ended March 31, 2025 was $373 million, up $39 million from the same period in the prior year, with diluted earnings per common share up $0.12 to $0.77.

1. 01

   Citizens Financial Group said net income for the quarter ended March 31, 2025 was $373 million, up $39 million from the same period in the prior year, with diluted earnings per common share up $0.12 to $0.77.

2. 02

   The company said total revenue for the quarter was $1.9 billion, down $24 million from the same period in the prior year, with net interest income down $51 million, or 4%. It cited a decrease of 3% in average interest-earning assets as the primary factor.

3. 03

   Citizens Financial Group said it entered into an agreement in Q1 2025 to sell $1.9 billion of Non-Core education loans and reclassified them to LHFS, with a charge-off of $25 million recognized and covered by existing reserves. The transaction will settle ratably each quarter throughout 2025, with $200 million settled in Q1.

4. 04

   The company said the Parent Company issued $750 million of fixed/floating-rate senior notes maturing on March 5, 2031 on March 5, 2025, and repurchased $200 million of its outstanding common stock during the quarter.

Key figures

Quarter ended March 31, 2025

Revenue

$1.9B

Net income

$373M

EPS

$0.77

Operating cash flow

−$213M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

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