CFG Q1 Earnings Beat on Strong NII & Fee Income Growth, Stock Down [Yahoo! Finance]
CITZNS FINCL CORP W VA (CIWV)
Company Research
Source: Yahoo! Finance
The metric rose 47% from the year-ago quarter. Results benefited from a rise in net interest income (NII) and non-interest income. The increase in loan and deposit balances was also encouraging. However, a rise in expenses was a major headwind. Given the concern, the company's shares lost nearly 1% in the pre-market trading session. Net income (GAAP basis) was $517 million, which rose 39% from the prior-year quarter. CFG's Revenues & Expenses Rise Total revenues in the first quarter were $2.17 billion, which topped the Zacks Consensus Estimate by 0.4%. The top line rose 12% year over year. Citizens Financial's NII rose 12% year over year to $1.56 billion, driven by higher net interest margin and growth in interest-earning assets. The net interest margin (NIM) expanded 24 basis points year over year to 3.14%, driven by the benefits of non-core runoff and terminated swap impacts, as well as fixed-rate asset repricing benefits, partially offset by lower asset yields. Non-in
Show less
Read more
Impact Snapshot
Event Time:
CIWV
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CIWV alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CIWV alerts
High impacting CITZNS FINCL CORP W VA news events
Weekly update
A roundup of the hottest topics
CIWV
News
- Citizens Financial Group: Combining A High Yield With Book Value Growth [Seeking Alpha]Seeking Alpha
- What to Expect From Citizens Financial's Next Quarterly Earnings Report [Yahoo! Finance]Yahoo! Finance
- Analysts See Continued Upside in Citizens Financial (CFG) Despite Strong YTD Performance [Yahoo! Finance]Yahoo! Finance
- Matrix Capital Markets acquired by Citizens Financial [Yahoo! Finance]Yahoo! Finance