PROVIDENCE, R.I. (AP) _ Citizens Financial Group Inc. (CFG) on Friday reported fourth-quarter profit of $450 million.

On a per-share basis, the Providence, Rhode Island-based company said it had net income of 98 cents. Earnings, adjusted for non-recurring costs, came to 99 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share.

The bank posted revenue of $2 billion in the period. Its adjusted revenue was $1.64 billion, also topping Street forecasts. Four analysts surveyed by Zacks expected $1.63 billion.

For the year, the company reported profit of $1.79 billion, or $3.81 per share. Revenue was reported as $6.49 billion.

Citizens Financial Group shares have declined 2.5% since the beginning of the year. The stock has risen 17% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CFG at https://www.zacks.com/ap/CFG

Automated Insights, source Associated Press News