Citizens Financial Group (BSP:C1FG34) Credit Losses Provision : R$3,393 Mil (As of Mar. 2024)

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What is Citizens Financial Group Credit Losses Provision?

Citizens Financial Group's credit losses provision for the three months ended in Mar. 2024 was R$852 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was R$3,393 Mil.

Citizens Financial Group's quarterly credit losses provision declined from Sep. 2023 (R$849 Mil) to Dec. 2023 (R$838 Mil) but then increased from Dec. 2023 (R$838 Mil) to Mar. 2024 (R$852 Mil).

Citizens Financial Group's annual credit losses provision increased from Dec. 2021 (R$-2,324 Mil) to Dec. 2022 (R$2,486 Mil) and increased from Dec. 2022 (R$2,486 Mil) to Dec. 2023 (R$3,366 Mil).

Citizens Financial Group Credit Losses Provision Historical Data

The historical data trend for Citizens Financial Group's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Citizens Financial Group Credit Losses Provision Chart

Citizens Financial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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1,613.07

8,313.84

-2,324.16

2,486.32

3,366.16

Citizens Financial Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															875.05	854.25	849.46	837.87	851.55

Citizens Financial Group Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was R$3,393 Mil.

Citizens Financial Group (BSP:C1FG34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Citizens Financial Group Inc (BSP:C1FG34) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

CFGpE.PFD:USA CFGpD.PFD:USA CFG:USA 1C5:Germany

Address

One Citizens Plaza, Providence, RI, USA, RI 02903

Website

https://www.citizensbank.com

Citizens Financial Group is a bank holding company headquartered in Providence, Rhode Island. Its two primary business segments are consumer banking and commercial banking. Citizens offers a mix of retail and commercial products including capital markets and wealth options. The bank has over 1,000 branches in 14 states, although it is primarily concentrated in the Northeast. It has over $220 billion of total assets.

Citizens Financial Group (BSP:C1FG34) Headlines

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