- Citizens Financial‘s total deposits for 4Q were $177.34 billion, slightly under the estimated $178.61 billion.
- Total loans and leases for the same period were $145.96 billion, again just short of the estimated $147.95 billion.
- The provision for credit losses was $171 million, lower than the estimated $176.9 million.
- The underlying EPS was 85c, slightly above the estimated 84c.
- EPS was reported at 34c.
- Revenue for 4Q was $1.99 billion, just short of the estimated $2 billion.
- Net interest income was in line with estimates at $1.49 billion.
- Non-interest income was reported at $500 million, lower than the estimated $508 million.
- Net charge-offs were $171 million, slightly lower than the estimated $173.8 million.
- Non-interest expenses were higher than estimated at $1.61 billion, compared to the estimated $1.42 billion.
- The efficiency ratio was 81.1%, significantly higher than the estimated 67.4%.
- There were 11 buys, 11 holds, and 1 sell for Citizens Financial.
A look at Citizens Financial Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Citizens Financial Group Inc. is a company that provides banking services to both individual and institutional customers. They offer a variety of loan options, including consumer, commercial, and mortgage loans, as well as deposit products, internet banking, and trust services.
Based on the Smartkarma Smart Scores, which rates companies on a scale of 1-5, Citizens Financial has a positive long-term outlook. The company received a score of 5 for value, indicating that it is considered a good investment. It also received a score of 4 for both dividend and growth, suggesting that it has strong potential for providing returns to investors. Additionally, the company received a score of 3 for resilience, meaning it has a moderate ability to withstand economic challenges, and a score of 4 for momentum, indicating it is performing well in the market. Overall, these scores suggest that Citizens Financial is a solid choice for investors looking for a stable and potentially profitable company.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
