Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $6,905 | $6,647 | $8,021 | $8,224 | $7,809 |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Net Income | $1,057 | $2,319 | $2,073 | $1,608 | $1,509 |
Over the five-year period, Citizens Financial Group’s reported revenue has shown modest variability. In 2020 the revenue stood at approximately 6.9 billion USD, dipping slightly to about 6.6 billion USD in 2021. However, 2022 saw a notable jump to roughly 8.0 billion USD—a year-over-year increase of over 20% that stands out as a significant surge, possibly reflecting improved market conditions or strategic initiatives that boosted their top-line performance. After 2022, revenue growth continued at a slower pace in 2023, reaching about 8.2 billion USD, before declining by around 5% to roughly 7.8 billion USD in 2024. Throughout this period, reported gross profit and operating income remain at zero, which suggests that either these metrics are not the primary focus of the company’s reporting in these filings or that the breakdown of revenue components may follow a different accounting convention common in certain segments of the financial services industry. Net income dynamics, however, reveal more pronounced swings in profitability. The net income more than doubled from about 1.06 billion USD in 2020 to nearly 2.32 billion USD in 2021—an increase that exceeds 100% and may be indicative of one-time gains, improved cost of funds management, or other favorable factors. In 2022, net income decreased slightly to approximately 2.07 billion USD, then experienced a significant decline of over 20% to about 1.61 billion USD in 2023. This downward momentum continued in 2024, reaching roughly 1.51 billion USD. Overall, despite short-term fluctuations in net income, the company’s ability to sustain a relatively stable revenue base amidst a competitive financial services landscape suggests underlying resilience. Nonetheless, further detailed analysis of expense structures, net interest margins, and other profitability drivers would be necessary to fully assess its long-term financial sustainability.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.