Residents Monetary Group, Inc. (NYSE: CFG or “Residents”) right this moment reported fourth quarter and full 12 months 2022 monetary outcomes. The earnings press launch, investor presentation, and monetary complement can be found at http://investor.citizensbank.com. As well as, these supplies shall be furnished to the Securities and Alternate Fee (SEC) on a Kind 8-Ok and shall be obtainable on the SEC web site at www.sec.gov.
“We’re happy to ship one other stable quarterly efficiency, with ROTCE of 19.4% and an effectivity ratio of 54.4%, which caps a powerful 12 months general for Residents,“ stated Chairman and CEO Bruce Van Saun. “We proceed to give attention to managing the stability sheet and rate of interest place nicely given the macro surroundings, and we ended the 12 months with a powerful credit score and capital place. We proceed to up our recreation and ship higher and higher for our stakeholders, which incorporates elevating our medium-term ROTCE goal vary to 16 to 18%. I’d wish to thank our colleagues for his or her super effort throughout 2022. We look ahead to persevering with our momentum in 2023, we’re nicely ready for the difficult and unsure financial surroundings.”
Residents additionally introduced right this moment that its board of administrators declared a quarterly widespread inventory dividend of $0.42 per share. The dividend is payable on February 14, 2023 to shareholders of report on the shut of enterprise on January 31, 2023.
As beforehand introduced, Residents will host a stay convention name to evaluate its fourth quarter and full 12 months 2022 monetary outcomes. events could entry the decision and associated supplies by means of the next particulars:
Convention Name
Time: 9:00 am ET
Dial-in: (877) 336-4440, convention ID 6086305
Webcast/Presentation: The stay webcast shall be obtainable at http://investor.citizensbank.com beneath Occasions & Displays.
Replay Data: A replay of the convention name shall be obtainable starting at 12:00 pm ET on January 17, 2023 by means of February 17, 2023. Please dial (866) 207-1041 and enter entry code 6496917. The webcast replay shall be obtainable at http://investor.citizensbank.com beneath Occasions & Displays.
About Residents Monetary Group, Inc.
Residents Monetary Group, Inc. is likely one of the nation’s oldest and largest monetary establishments, with $226.7 billion in belongings as of December 31, 2022. Headquartered in Windfall, Rhode Island, Residents gives a broad vary of retail and business banking services to people, small companies, middle-market corporations, massive firms and establishments. Residents helps its clients attain their potential by listening to them and by understanding their wants in an effort to supply tailor-made recommendation, concepts and options. In Shopper Banking, Residents supplies an built-in expertise that features cell and on-line banking, a full-service buyer contact middle and the comfort of roughly 3,400 ATMs and roughly 1,100 branches in 14 states and the District of Columbia. Shopper Banking services embrace a full vary of banking, lending, financial savings, wealth administration and small enterprise choices. In Business Banking, Residents gives a broad complement of monetary merchandise and options, together with lending and leasing, deposit and treasury administration providers, overseas alternate, rate of interest and commodity danger administration options, in addition to mortgage syndication, company finance, merger and acquisition, and debt and fairness capital markets capabilities. Extra data is out there at www.citizensbank.com or go to us on Twitter, LinkedIn or Fb.
Cautionary Assertion About Ahead-Wanting Statements
This information launch accommodates forward-looking statements throughout the that means of the Personal Securities Litigation Reform Act of 1995. Any assertion that doesn’t describe historic or present details is a forward-looking assertion. These statements typically embrace the phrases “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “objectives,” “targets,” “initiatives,” “doubtlessly,” “in all probability,” “tasks,” “outlook,” “steering” or related expressions or future or conditional verbs similar to “could,” “will,” “ought to,” “would,” and “might.” Ahead-looking statements are primarily based upon the present beliefs and expectations of administration, and on data at the moment obtainable to administration. Our statements converse as of the date hereof, and we don’t assume any obligation to replace these statements or to replace the explanation why precise outcomes might differ from these contained in such statements in gentle of recent data or future occasions. We warning you, subsequently, in opposition to counting on any of those forward-looking statements. They’re neither statements of historic truth nor ensures or assurances of future efficiency. Extra details about components that might trigger precise outcomes to vary materially from these described within the forward-looking statements could be discovered beneath “Threat Components” in our Annual Report on Kind 10-Ok for the 12 months ended December 31, 2021 and our Quarterly Report on Kind 10-Q for the interval ended March 31, 2022 as filed with the USA Securities and Alternate Fee.
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