- Q2 net income of $115M or $0.66 per share vs. $247M and $1.29 one year ago.
- Net finance revenue of $343M vs. $361M a year ago. Average earning assets of $34.1B vs. $33.2B. Net finance revenue as a percent of average earning assets of 4.02% up 33 basis points.
- Operating expenses of $235M vs. $225M.
- Non-accrual loans of $198M or 1.01% of finance receivables vs. 0.94% a quarter ago, 1.02% one year ago.
- CET1 ratio of 14.4%. Tangible book value per share of $47.51 up from $46.89 a quarter ago, $44.16 one year ago. 1.3M shares repurchased during quarter at an average price of $45.87 each.
- The OneWest purchase is expected to close on August 3.
- Conference call is underway.
- Previously: CIT EPS in-line, misses on revenue (July 28)
- CIT flat premarket
CIT's OneWest purchase to close next week
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Symbol | Last Price | % Chg |
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FCNCA | - | - |
First Citizens BancShares, Inc. |