Citizens Financial Group, Inc. earnings overview

CFG FY2026 Q2 · Calendar Q3 2026

Citizens Financial Group, Inc.

Citizens Financial Group delivered a strong Q2 2026, with EPS rising 15% sequentially and 41% year-over-year to $1.30, beating consensus by 4%. Revenue of $2.283B exceeded estimates by 1.4%. The quarter was driven by 4.4% NII growth, record capital markets fees, and continued private bank expansion, with the private bank contributing 11.5% of pretax income. ROTCE improved to 13.9% and operating leverage exceeded 600 bps year-over-year. The bank is executing on its Reimagine the Bank transformation and NEXT branch optimization, targeting $100M in annualized pretax benefits by year-end 2026 and a mid-50s efficiency ratio. Management maintained full-year guidance and expressed confidence in continued NIM expansion and loan growth.