Citizens Financial Group: Q2 Earnings Snapshot

July 19, 2022 GMT

PROVIDENCE, R.I. (AP) _ Citizens Financial Group Inc. (CFG) on Tuesday reported second-quarter profit of $364 million.

On a per-share basis, the Providence, Rhode Island-based company said it had net income of 67 cents. Earnings, adjusted for non-recurring costs, were $1.14 per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.

The bank posted revenue of $2.12 billion in the period. Its adjusted revenue was $2 billion, meeting Street forecasts.

Citizens Financial Group shares have fallen 21% since the beginning of the year. The stock has decreased 14% in the last 12 months.


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