Citizens Financial Group (CFG) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased compared to the immediately preceding quarter. However, it declined relative to the same quarter one year earlier.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter increased compared to the immediately preceding quarter. However, it declined 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
$324M
Revenue reported for this quarter.
Quarter-over-quarter
+4.5%
Change from the immediately preceding quarter.
Year-over-year
-4.1%
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 |
|---|---|---|
| Mar 31, 2023 | $309M | +3.0% |
| Jun 30, 2023 | $323M | -4.7% |
| Sep 30, 2023 | $310M | -3.7% |
| Dec 31, 2023 | $324M | -4.1% |
Revenue performance
The reported revenue moved upward from the prior quarter, reversing the sequential decline seen in the previous period.
Quarterly comparison
Compared with the immediately preceding quarter, revenue improved. Versus the same quarter one year ago, revenue was lower.
What to watch
The year-over-year decline in revenue, despite the sequential improvement, may warrant attention in the next quarter.