Citizens Financial Group (CFG) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter declined compared to the immediately preceding quarter, while rising relative to the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter declined compared to the immediately preceding quarter, while rising relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$309M
Revenue reported for this quarter.
Quarter-over-quarter
-8.6%
Change from the immediately preceding quarter.
Year-over-year
+3.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $339M | +9.4% |
| Sep 30, 2022 | $322M | +4.9% |
| Dec 31, 2022 | $338M | -20.1% |
| Mar 31, 2023 | $309M | +3.0% |
Revenue performance
The sequential decline marks a reversal from the prior quarter's performance, though the year-over-year gain indicates continued growth on an annual basis.
Quarterly comparison
Compared to the prior quarter, revenue was lower. In contrast, revenue was higher than the same period a year ago.
What to watch
The divergence between sequential and annual trends may warrant attention in upcoming quarters.