Citizens Financial Group, Inc. Reports Second Quarter 2024 Financial Results

Citizens Financial Group, Inc. (NYSE: CFG) has reported its second-quarter 2024 financial results, showcasing an underlying net income of $408 million and earnings per share (EPS) of $0.82. The company also disclosed a Common Stock dividend of $0.42 per share, payable on August 14, 2024, to shareholders of record as of July 31, 2024.

Chairman and CEO Bruce Van Saun expressed satisfaction with the company’s performance in the second quarter, highlighting strong fee performance across various sectors, excellent deposit trends, good expense discipline, and credit metrics in line with expectations. Citizens Financial Group, Inc. continues to execute well on its strategic initiatives, with the Private Bank reaching $4.0 billion in deposits and $3.6 billion in assets under management.

The company’s board of directors has declared a quarterly common stock dividend of $0.42 per share, demonstrating confidence in its financial position and outlook. Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $219.9 billion in assets as of June 30, 2024.

Investors and interested parties can access the full earnings press release, investor presentation, and financial supplement on the company’s investor relations website. Additionally, a live conference call to review the second-quarter financial results will be held at 9:00 am ET, with details available on the company’s website.

Citizens Financial Group, Inc. remains committed to providing a broad range of retail and commercial banking products and services to its customers, helping them reach their financial potential. The company’s strong performance in the second quarter reflects its dedication to delivering value to shareholders and maintaining a solid financial position in the market.
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