CFG Earnings Prediction
The chart below shows how CFG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CFG sees a -3.78% change in stock price 10 days leading up to the earnings, and a +1.48% change 10 days following the report. On the earnings day itself, the stock moves by +0.43%. This data can give you a slight idea of what to expect for the next quarter's release.
CFG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.79B
-1.87%
3.29%
Gross Margin
--
--
--
Operating Margin
29.19%
-3.31%
4.62%
Net Margin
22.43%
116.30%
1.63%
EPS
0.83
144.12%
9.21%
No Data Available
CFG Earnings Analysis
Citizens Financial Group Inc Corporation (CFG.N) Earnings Conference Call
Positive
NII Growth and NIM Expansion: Sequential NII growth of 3% driven by 10 basis points of NIM expansion, reflecting strong revenue growth.
Fee Growth Analysis: Fees increased by 6% sequentially, led by capital markets and mortgage activities, indicating robust performance in these segments.
Effective Cost Management: Positive operating leverage of around 50 basis points achieved despite a 3.5% increase in expenses, showcasing effective cost management.
Share Repurchase Summary: Share repurchases totaled $225 million in the quarter, bringing the full-year total to $1.05 billion, representing 6% of the beginning of year balance.
Deposit and Loan Growth: The private bank reached $7 billion in deposits and $3.1 billion in loans, contributing positively to earnings and demonstrating strong customer growth.
Negative
Decline in Net Interest Income: Loan volumes were lower than expected, resulting in a 9.7% decline in net interest income for the full year, with a full-year margin of only 2.85%.
Loan Portfolio Decline: Average loans decreased slightly, with period-end loans down 1.7% linked-quarter, reflecting a non-core portfolio runoff of approximately $900 million and a decline in commercial loans due to low client demand.
Rising Operational Costs: Expenses increased by 3.5% linked-quarter, primarily due to hiring for the private bank and private wealth, indicating rising operational costs amidst subdued revenue growth.
Credit Loss Provision Increase: The provision for credit losses was increased by $162 million against $189 million in charge-offs, reflecting ongoing concerns about credit quality despite a slight improvement in non-accrual loans.
Credit Loss Allowance Increase: The overall allowance for credit losses increased slightly to 1.62%, indicating a cautious approach to potential future credit losses amidst a challenging economic environment.
CFG FAQs
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CFG Earning Call Sentiment
Citizens Financial Group, Inc. (CFG) Q4 2024 Earnings Call Transcript
1.0x
00:00
00:00
CFG.N
0.4%Positive
The earnings call summary indicates strong financial performance with a 64% increase in private bank revenue, significant stock repurchases, and optimistic guidance on NIM and ROTCE targets. The Q&A section reinforces confidence with management's positive outlook on interest rates and loan growth. Despite some uncertainties in commercial real estate, the overall sentiment is positive, supported by strategic investments and a stable CET1 ratio. The shareholder returns through buybacks and dividends further enhance the positive sentiment.
