April 24, 2018 / 10:50 AM / in 7 months

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

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 $0.74

* 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 Source text for Eikon: Further company coverage:

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