RTTNews | Jul 17, 2020 07:36AM EDT

07:36 Friday, July 17, 2020 (RTTNews.com) - Citizens Financial Group Inc. (CFG) reported Q2 net income of $253 million or $0.53 per share compared to $453 million or $0.95 per share last year.

On an Underlying basis, Q2 net income available to common stockholders was $235 million or $0.55 per share versus $440 million or $0.96 per share in second quarter 2019.

Total revenue increased 7% to $1.75 billion from $1.63 billion generated a year ago, reflecting stable net interest income and a 28% increase in noninterest income driven by record results in mortgage banking.

Analysts polled by Thomson Reuters expected earnings of $0.07 per share on revenue of $1.68 billion for fiscal 2020. Analysts' estimate typically exclude certain special items.

Read the original article on RTTNews ( https://www.rttnews.com/3112000/citizens-financial-q2-profit-declines-on-higher-expenses-quick-facts.aspx)

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