PROVIDENCE, R.I. - Citizens Financial Group reported net income of $28.7 million for the fiscal year ended Sept. 30, a 63.3% increase over the $17.5 million earned last year.

Citizens' assets grew 18.1%, to $5.2 billion at Sept. 30, up from $4.4 billion at Sept. 30, 1992, mostly through acquisition of the former New England Savings Bank in New London, Conn., from the Federal Deposit Insurance Corp. in May.

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