Citizens (CIA) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.05 per share a year ago.
First Citizens BancShares is upgraded to a “buy” as shares underperform despite solid fundamentals and ongoing buybacks. FCNCA's Q3 results show strong earnings, balance sheet growth, and an attractive bolt-on acquisition of BMO branches with a quick payback. Credit quality pressures persist, with lower reserve coverage and rising nonaccrual loans, but capital remains robust and supports continued shareholder returns.
CFG beats Q3 estimates with a 33% EPS jump, driven by strong NII and fee growth despite higher expenses.
Rising NII, stronger fee revenues and steady loan growth are likely to lift CFG's third-quarter results.
Can CFG's NII rebound in 2025 as Fed cuts, asset yields and balance sheet discipline take hold? Let's explore now.
CFG climbs to a 52-week high on Fed cut hopes, wealth expansion, and strong earnings. Is the momentum here to stay?
Citizens Financial's strong net interest income and solid profit support both common and preferred dividend coverage, making the bank financially robust. The Series E preferred shares offer a 6.26% yield with no reset risk, providing attractive fixed income in the current rate environment. The newly issued preferred shares yield 6.5% initially, but carry reset risk after five years, making Series E appealing for risk-averse investors.
Citizens (CIA) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.08 per share a year ago.
CFG Q2 results benefit from higher net interest and fee income despite rising costs and falling deposits.
CFG's Q2 earnings are likely to rise on higher NII and fee income, with stable expenses and improved loan demand adding support.
Citizens Financial's interest margin has lagged the space these past few years, with the bank weighed down by interest rate hedges and its non-core loan portfolio. These issues should be self-correcting, powering strong net interest margin expansion over the next couple of years. While shares trade for a reasonable-looking 11.3x consensus 2025 EPS, earnings growth looks set to be robust through 2027, pointing to attractive returns for today's buyers.
CFG boosts its buyback plan to $1.5B, underscoring confidence in its capital strength and long-term strategy.