Citizens Financial Group on Monday reported fourth-quarter net income of $197 million.
The Providence, Rhode Island-based company said it had net income of 36 cents per share. Earnings, adjusted for restructuring costs, came to 39 cents per share.
The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.
The U.S. banking unit of The Royal Bank of Scotland Group posted revenue of $1.18 billion in the period, matching Street forecasts.
Citizens Financial Group shares have decreased nearly 5 percent since the beginning of the year.