Le Lézard
Classified in: Business
Subjects: EARNINGS, Conference Call, Webcast

Citizens Financial Group, Inc. Reports Second Quarter Net Income of $453 million and EPS of $0.95

Citizens Financial Group, Inc. (NYSE: CFG or "Citizens") today reported second quarter 2019 financial results. The earnings press release, investor presentation, and financial supplement are available at http://investor.citizensbank.com. In addition, these materials will be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at www.sec.gov.

"We are pleased to report another strong quarterly result, paced by good fee income growth, strong expense discipline and solid execution against our strategic initiatives," said Chairman and Chief Executive Officer Bruce Van Saun. "We feel good about our ability to integrate and leverage our recent fee-based acquisitions, and about our continued success with Citizens Access, which provides a springboard for broader digital initiatives. Also noteworthy is the launch of our TOP 6 Program, which will drive further improvement in the overall efficiency and effectiveness of our organization, while providing the capacity to self-fund investments to drive innovation and future growth."

Citizens also announced today that its board of directors declared a third quarter 2019 common stock dividend of $0.36 per share. The dividend is payable on August 14, 2019 to shareholders of record at the close of business on July 31, 2019. The quarterly dividend is now 33% higher than the year-ago quarter.

As previously announced, Citizens will host a conference call to review its second quarter 2019 financial results. Interested parties may access the call and related materials through the following details:

Conference Call

Time: 9:00 am ET

Dial-in: (800) 230-1059, conference ID 468592

Webcast/Presentation: The live webcast will be available at http://investor.citizensbank.com under Events & Presentations.

Replay Information: A replay of the conference call will be available beginning at 11:00 am ET on July 19 through August 19, 2019. Please dial (800) 475-6701 and enter access code 468592. The webcast replay will be available at http://investor.citizensbank.com under Events & Presentations.

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation's oldest and largest financial institutions, with $162.7 billion in assets as of June 30, 2019. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 2,900 ATMs and approximately 1,100 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services, including lending and deposits, capital markets, treasury services, foreign exchange and interest rate products, and asset finance. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.


These press releases may also interest you

at 11:15
Globalstar, Inc. will announce its fourth quarter and annual 2019 financial results on Thursday, February 27, 2020 before the market opens. The Company will conduct a conference call that evening at 5:00 p.m. Eastern Time to discuss these financial...

at 11:10
Compare-autoinsurance.org has released a new blog post that explains the basic rules for comparing car insurance quotes online. For more info and free car insurance quotes online, visit...

at 11:08
Freshworks Inc., the customer engagement software company, announced the acquisition of AnsweriQ Inc., a provider of ML and AI for larger enterprises that want to better serve their customers. AnsweriQ complements Freshworks' AI engine, Freddy, by...

at 11:05
Golden Entertainment, Inc. ("Golden Entertainment" or the "Company") announced today that it will release its 2019 fourth quarter and full year financial results after the market closes on Thursday, March 12, 2020, and host a conference call and...

at 11:05
Rosy, the first evidence-based technology platform providing education and resources for women with low sexual desire, announced it has raised $1 million in a seed round of funding. Designed by doctors and built by technologists, the app offers a...

at 11:00
Blue Shield of California and Accolade will be offering national, self-funded employers headquartered in California a proven personalized member engagement experience. This collaboration provides employees and their family members with a seamlessly...

News published on 19 july 2019 at 06:35 and distributed by: