Citizens Financial's (CFG) shares have appreciated 28.7% year to date against the industry's decline of 2.4%. The stock also outperformed the S&P 500 Index, which rallied 17.6% in the same frame. Zacks Investment Research Image Source: The company's focus on BSO plans, strategic and efficiency initiatives, and inorganic growth moves continue to aid its financials. Analyst Estimates Over the past month, the Zacks Consensus Estimate for earnings of $3.24 and $3.95 per share has moved 1.6% and 1% upward for 20 ...

财务业绩 - 公司净收入同比下降8600万美元和2.63亿美元，每股摊薄收益分别下降0.14美元和0.48美元[28] - 三个月和六个月内分别有1600万美元和7700万美元的特殊项目影响，每股摊薄收益分别为0.04美元和0.16美元[29][32] - 非利息收入在三个月和六个月内分别为5.49亿美元和10.63亿美元[30][33] - 非利息支出在三个月和六个月内分别为12.65亿美元和25.38亿美元[30][33] - 所得税费用在三个月和六个月内分别为1.04亿美元和2.21亿美元[30][33] - 净收入可供普通股股东使用较2023年同期分别减少8700万美元和2.71亿美元[39] - 剔除重大项目后的基础净收入可供普通股股东使用为3.73亿美元和7.38亿美元[39] - 剔除重大项目后的每股摊薄收益为0.82美元和1.60美元[39] - 总收入较2023年同期分别减少1.31亿美元和3亿美元,主要由于净利息收入下降11%和12%[39] - 效率比率为66.3%和67.8%,而2023年同期为62.3%和61.6%[39] - 剔除重大项目后的效率比率为64.6%和64.8%,而2023年同期为58.9%和58.3%[39] - 普通股权回报率为10.6%和9.7%,而2023年同期为12.4%和13.4%[39] - 剔除重大项目后的普通股权回报率为11.1%和10.9%,而2023年同期为13.9%和14.8%[39] - 每股有形净资产为30.61美元,较2023年12月31日下降1%[39] 利息收入和支出 - 净利息收入下降11%和12%,分别为三个月和六个月,主要反映了净利差的下降以及平均生息资产的下降[43] - 平均生息资产分别下降30亿美元和28亿美元,主要由于贷款和租赁总额的下降,部分被投资证券和现金持有的增加所抵消[43] - 平均存款增加4.21亿美元和11亿美元,主要由于私人银行存款的增长,部分被国库和商业存款的下降所抵消[43] - 平均总借入资金下降28亿美元和35亿美元,主要由于FHLB贷款的下降,部分被长期债务和担保汽车贷款的增加所抵消[45] 非利息收入和支出 - 非利息收入增加9%和8%,主要由于资本市场费用、信用卡费用和财富管理费用的增加,部分被外汇和衍生产品收入、抵押贷款收入以及其他收入的下降所抵消[46,47] - 非利息支出基本持平,增加2%,主要由于员工薪酬福利、设备和软件费用的增加,部分被外包服务和房地产费用的下降所抵消[50] - 非利息支出增加主要由于员工薪酬福利、设备和软件投资以及FDIC存款保险费用增加[51] 信贷损失准备金 - 信贷损失准备金增加主要由于CRE办公楼组合计提的准备金增加[52] 所得税费用 - 所得税费用下降主要由于税前利润下降、某些税务事项的有利影响以及税收优惠投资带来的额外收益[53] 业务分部表现 - 消费者银行业务净利息收入和非利息收入均有所增加[57][60] - 商业银行业务净利息收入下降,但非利息收入增加[61][62] - 非核心业务净利息收入下降,平均贷款余额也有所下降[63][64] 投资组合 - 证券投资组合中国债券和政府支持机构发行的抵押贷款支持证券占比较高,为公司提供了充足的流动性[65][66] 贷款组合 - 贷款总额下降主要由于商业贷款和汽车贷款的减少[69][70][71] - 公司总贷款和租赁余额为1,418.42亿美元，较2023年12月31日的1,459.59亿美元减少了41.17亿美元[72] - 信贷损失准备金(ACL)为23.06亿美元，占贷款和租赁总额的1.63%，较2023年12月31日的23.18亿美元减少了0.12亿美元[72] - 不良贷款和租赁余额为15.27亿美元，占贷款和租赁总额的1.08%，较2023年12月31日的13.64亿美元增加了1.63亿美元[75] - 不良贷款和租赁准备金覆盖率为151%，较2023年12月31日的170%下降了19个百分点[75] - 商业和工业贷款不良余额为2.61亿美元，较2023年12月31日的2.97亿美元减少了0.36亿美元[81] - 商业房地产贷款不良余额为6.78亿美元，较2023年12月31日的4.77亿美元增加了2.01亿美元[81] - 商业和工业贷款关注类余额为30亿美元，较2023年12月31日的35亿美元减少了5亿美元[81] - 商业房地产贷款关注类余额为54亿美元，较2023年12月31日的50亿美元增加了4亿美元[81] - 资本呼叫贷款余额为56.39亿美元，占总贷款的4%[82] - 其他金融和保险业贷款余额为55.25亿美元，占总贷款的4%[82] - 商业房地产贷款总额为283.11亿美元，占总贷款和租赁的20%[84] - 多户型房地产贷款余额为96.89亿美元，占总贷款和租赁的7%[84] - 零售贷款组合中，住房抵押贷款、家庭权益贷款、汽车贷款和教育贷款的逾期率分别为0.48%、1.80%、0.69%和0.46%[86,87] -

2Q24 Financial Results July 17, 2024 Forward-looking statements and use of non-GAAP financial measures This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement that does not describe historical or current facts is a forwardlooking statement. These statements often include the words "believes," "expects," "anticipates," "estimates," "intends," "plans," "goals," "targets," "initiatives," "potentially," "probably," "projects," " ...

财务数据和关键指标变化 - 收入环比增长2%,净收入环比增长3% [7][8] - 资本充足率10.7%,贷款存款比80.4% [16] - 拨备覆盖率1.63%,其中办公楼业务拨备覆盖率11.1% [18][29] 各条业务线数据和关键指标变化 - 资本市场业务收入环比增长14%,主要来自债券承销和贷款联合牵头 [21] - 财富管理和信用卡业务创历史新高 [21][22] - 私人银行存款增加至40亿美元,资产管理规模增至36亿美元 [10] - 商业银行在佛罗里达和加州市场拓展,中小企业和私募股权客户业务表现良好 [10][33] 各个市场数据和关键指标变化 - 办公楼业务问题仍在持续,损失率约17%,主要集中在市中心物业 [29] - 其他信贷指标总体稳定,不良贷款率和拨备覆盖率维持在合理水平 [27][29] 公司战略和发展方向及行业竞争 - 公司战略聚焦于消费者银行转型、最佳区域商业银行和建立顶级私人银行 [31][33][34] - 私人银行业务发展良好,正朝着2025年目标稳步推进 [34] - 资本市场业务保持领先地位,有望在交易活跃度回升时受益 [33] 管理层对经营环境和未来前景的评论 - 外部环境仍存在不确定性,但公司有信心应对挑战,维持积极前景 [12] - 预计第三季度净息差将下降1-2%,费用基本稳定,信贷损失有所下降 [35] - 全年来看,收入和利润指标有望达到或超出年初预期目标 [36] 其他重要信息 - 公司启动了新的TOP 10战略计划,包括人工智能等新领域的投资 [23] - 非核心资产持续减少,商业房地产敞口将逐步降低 [11][100] - 资本充足,有能力支持客户和回报股东 [7][30] 问答环节重要的提问和回答 问题1 **Peter Winter 提问** 询问贷款前景及客户情绪 [39] **John Woods 和 Don McCree 回答** 预计下半年贷款将有所增长,主要来自私人银行、商业银行和消费者贷款 [40][41][42][43][44] 问题2 **Erika Najarian 提问** 询问第四季度净息差预期及相关驱动因素 [49] **John Woods 回答** 第四季度净息差有望反弹,主要受益于非核心资产减少、资产收益率提升和私人银行业务贡献 [50][51] 问题3 **Scott Siefers 提问** 询问费用收入情况及展望 [61] **John Woods 和 Don McCree 回答** 资本市场业务有望在下半年保持强劲,财富管理和信用卡业务表现出色,公司将继续保持严格的费用管控 [62][63][64][65]

Citizens Financial Group (CFG) reported $1.96 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 6.3%. EPS of $0.78 for the same period compares to $0.92 a year ago.The reported revenue represents a surprise of +0.65% over the Zacks Consensus Estimate of $1.95 billion. With the consensus EPS estimate being $0.79, the EPS surprise was -1.27%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wal ...

Citizens Financial Group (CFG) came out with quarterly earnings of $0.78 per share, missing the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.92 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.27%. A quarter ago, it was expected that this bank would post earnings of $0.75 per share when it actually produced earnings of $0.65, delivering a surprise of -13.33%.Over the last four quarters, the co ...

Financial Supplement Second Quarter 2024 1 Table of Contents Page Consolidated Financial Highlights 3 Consolidated Statements of Operations (unaudited) 5 Consolidated Balance Sheets (unaudited) 6 Loans and Deposits 7 Average Balance Sheets, Annualized Yields and Rates 8 Mortgage Banking Fees 10 Segment Financial Highlights 11 Credit-Related Information: | --- | --- | |-------------------------------------------------------------------------|-------| | Nonaccrual loans and leases | 15 | | Loans and Leases 90 ...

The upcoming report from Citizens Financial Group (CFG) is expected to reveal quarterly earnings of $0.79 per share, indicating a decline of 14.1% compared to the year-ago period. Analysts forecast revenues of $1.95 billion, representing a decrease of 6.8% year over year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Ahead of a company's earn ...

Citizens Financial Group (CFG) is scheduled to report second-quarter 2024 results on Jul 17, before the opening bell. The company is expected to have witnessed a year-over-year decline in quarterly revenues and earnings.In the first quarter of 2024, CFG’s earnings missed the Zacks Consensus Estimate on lower net interest income (NII), a rise in provisions and operating expenses. However, an increase in non-interest income and lower allowance for credit losses offered some support. The company’s earnings mis ...

The market expects Citizens Financial Group (CFG) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be ...