Citizens Financial Group (CFG) Revenue — Quarter Ended Sep 30, 2023
Revenue declined in the current quarter compared with both the prior quarter and the same quarter a year earlier. The sequential decrease was slightly larger than the year-over-year decline.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue declined in the current quarter compared with both the prior quarter and the same quarter a year earlier. The sequential decrease was slightly larger than the year-over-year decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$310M
Revenue reported for this quarter.
Quarter-over-quarter
-4.0%
Change from the immediately preceding quarter.
Year-over-year
-3.7%
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 |
|---|---|---|
| Dec 31, 2022 | $338M | -20.1% |
| Mar 31, 2023 | $309M | +3.0% |
| Jun 30, 2023 | $323M | -4.7% |
| Sep 30, 2023 | $310M | -3.7% |
Revenue performance
The reported revenue moved lower from the immediately preceding quarter, continuing a pattern of periodic fluctuation seen in recent quarters.
Quarterly comparison
Compared with the same quarter one year earlier, revenue also decreased, though the year-over-year decline was less pronounced than the sequential drop. The trailing twelve-month revenue remained above the current quarter's level.
What to watch
Revenue has shown alternating quarterly movements over the past year, with no clear directional trend established.