PROVIDENCE -- Citizens Financial Group Inc. said it posted yearend net income of $52.7 million, up 84% over the $28.7 million earned in the same period a year ago.
Citizens' fiscal year ends Sept. 30, but it traditionally waits until December to release earnings.
The bank is owned by Royal Bank of Scotland, which releases net income every six months.
Lawrence Fish, Citizens' chairman, attributed the growth to strong net interest margins and acquisitions. Citizens made five acquisitions last year in New England.
