Citizens Financial Group reported fourth-quarter 2024 net income of $401 million, or $0.83 per share, with underlying net income — which excludes certain non-recurring items — coming in at $412 million, or $0.85 per share. The Providence, Rhode Island-based bank released its results on 17 January 2025, capping a full year in which reported net income totalled $1.5 billion, equivalent to $3.03 per share.
On an underlying basis, full-year 2024 earnings per share reached $3.24.
CAPITAL POSITION AND PRIVATE BANK GROWTH
Citizens ended the year with a Common Equity Tier 1 capital ratio of 10.8%. The loan-to-deposit ratio stood at 79.6%.
The Private Bank segment reached $7 billion in deposits, $3.1 billion in loans, and $4.7 billion in assets under management by the close of the fourth quarter.