Citizens Financial Group Inc · Q2 2026 earnings

Briefing

Citizens Financial Group Inc reported Q2 2026 net income of $587 million, up 35% YoY, and diluted EPS of $1.30, up 41% YoY.

CFG delivered total revenue of $2.283 billion with pre-provision profit of $889 million, reflecting 4% sequential NII growth, 8% fee growth, and 6.4% positive operating leverage YoY. Credit trends remained favorable with NCOs at 37 bps and strong ACL coverage of 1.48%, while CET1 stood at 10.4% and ROTCE reached 13.9%. Growth was led by the Private Bank, record Wealth and Capital Markets fees, and average deposit increases of 1% QoQ.

• Diluted EPS of $1.30, up 41% YoY and 15% QoQ; net income of $587 million, up 35% YoY
• Total revenue $2.283 billion, up 12% YoY; NII up 14% YoY to $1.631 billion with NIM at 3.17%
• Loans grew 3% QoQ to $147.5 billion and deposits rose 1% QoQ to $185.6 billion with LDR of 79.5%
• ROTCE 13.9%, efficiency ratio 61.1%, CET1 10.4%, and NCO ratio improved to 0.37%

Headline financials

Revenue & EPS history

Management expressed confidence in momentum and outlook for the remainder of 2026 and 2027, citing execution on strategic initiatives including Private Bank growth, Reimagine the Bank progress, and new Consumer mobile platform launch.