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Citizens Financial Group (CFG) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended December 2024, Citizens Financial Group (CFG - Free Report) reported revenue of $1.99 billion, down 0.1% over the same period last year. EPS came in at $0.85, compared to $0.34 in the year-ago quarter.
The reported revenue represents a surprise of +1.29% over the Zacks Consensus Estimate of $1.96 billion. With the consensus EPS estimate being $0.83, the EPS surprise was +2.41%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Citizens Financial Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average Balances - Total interest-earning assets: $196.61 billion compared to the $197.05 billion average estimate based on six analysts.
Net charge-offs: $189 million versus the six-analyst average estimate of $190.95 million.
Net Interest Margin: 2.9% compared to the 2.8% average estimate based on six analysts.
Return on average common equity: 6.6% versus 6.4% estimated by six analysts on average.
Book value per common share: $50.26 versus $50.76 estimated by six analysts on average.
Return on average total assets: 0.7% versus 0.7% estimated by six analysts on average.
Efficiency Ratio: 66.3% versus 65.4% estimated by six analysts on average.
Net charge-offs as a % of average loans and leases: 0.5% compared to the 0.5% average estimate based on five analysts.
Tangible book value per common share: $32.34 versus the five-analyst average estimate of $32.75.
Common Equity Tier 1 Capital Ratio (CET1 Capital Ratio): 10.8% versus 10.6% estimated by four analysts on average.
Tier 1 Leverage Ratio: 9.4% versus 8.3% estimated by three analysts on average.
Tier 1 Capital Ratio: 12.1% versus 11.9% estimated by three analysts on average.
Shares of Citizens Financial Group have returned +10.3% over the past month versus the Zacks S&P 500 composite's -2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Citizens Financial Group (CFG) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended December 2024, Citizens Financial Group (CFG - Free Report) reported revenue of $1.99 billion, down 0.1% over the same period last year. EPS came in at $0.85, compared to $0.34 in the year-ago quarter.
The reported revenue represents a surprise of +1.29% over the Zacks Consensus Estimate of $1.96 billion. With the consensus EPS estimate being $0.83, the EPS surprise was +2.41%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Citizens Financial Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average Balances - Total interest-earning assets: $196.61 billion compared to the $197.05 billion average estimate based on six analysts.
- Net charge-offs: $189 million versus the six-analyst average estimate of $190.95 million.
- Net Interest Margin: 2.9% compared to the 2.8% average estimate based on six analysts.
- Return on average common equity: 6.6% versus 6.4% estimated by six analysts on average.
- Book value per common share: $50.26 versus $50.76 estimated by six analysts on average.
- Return on average total assets: 0.7% versus 0.7% estimated by six analysts on average.
- Efficiency Ratio: 66.3% versus 65.4% estimated by six analysts on average.
- Net charge-offs as a % of average loans and leases: 0.5% compared to the 0.5% average estimate based on five analysts.
- Tangible book value per common share: $32.34 versus the five-analyst average estimate of $32.75.
- Common Equity Tier 1 Capital Ratio (CET1 Capital Ratio): 10.8% versus 10.6% estimated by four analysts on average.
- Tier 1 Leverage Ratio: 9.4% versus 8.3% estimated by three analysts on average.
- Tier 1 Capital Ratio: 12.1% versus 11.9% estimated by three analysts on average.
View all Key Company Metrics for Citizens Financial Group here>>>Shares of Citizens Financial Group have returned +10.3% over the past month versus the Zacks S&P 500 composite's -2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.