Citizens’ Home Lending Drops, Servicing Grows

Although quarterly and annual mortgage production was down at Citizens Financial Group Inc., the residential asset and servicing portfolios have grown.

Prior to income tax expense, the Providence, Rhode Island-based organization earned a $503 million profit, according to its fourth-quarter earnings report.

Earnings improved from the same-three months during 2016, when pre-tax income was $414 million. But a $10 million decline was recorded versus the previous quarter.


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From:: Financing

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