Citizens Financial Group’s profit drops 34.6% in Q1

CITIZENS FINANCIAL Group Inc. saw its profit decrease 34.6% in the first quarter of 2024 compared with a same period a year ago. / PBN FILE PHOTO
CITIZENS FINANCIAL Group Inc. saw its profit decrease 34.6% in the first quarter of 2024 compared with a same period a year ago. / PBN FILE PHOTO

PROVIDENCE – Citizens Financial Group Inc. Wednesday posted a net income of $334 million in the first quarter of 2024, a decline of 34.6% from the same period a year ago as a higher interest expense cost the company more than in the first quarter of 2023. The Rhode Island-based financial institution declared diluted earnings

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