Edition:
United Kingdom

CIT Group Reports Q1 Earnings Per Share $0.79 From Continuing Operations


Tuesday, 24 Apr 2018 

April 24 (Reuters) - CIT Group Inc ::CIT ANNOUNCES FIRST QUARTER 2018 RESULTS.Q1 EARNINGS PER SHARE $0.74 FROM CONTINUING OPERATIONS EXCLUDING ITEMS.Q1 EARNINGS PER SHARE $0.79 FROM CONTINUING OPERATIONS.Q1 EARNINGS PER SHARE $0.74.CIT GROUP - PRELIMINARY COMMON EQUITY TIER 1 CAPITAL RATIO DECREASED TO 14.0%, & PRELIMINARY TOTAL CAPITAL RATIO INCREASED TO 16.7%, AT MARCH 31, 2018.QTRLY NET FINANCE REVENUE $391 MILLION VERSUS $417 MILLION REPORTED LAST YEAR.ALLOWANCE FOR LOAN LOSSES WAS $448 MILLION AT MAR 31, 2018, COMPARED TO $431 MILLION AT DEC 31, 2017.