Earnings summaries and quarterly performance for CITIZENS FINANCIAL GROUP INC/RI.
Executive leadership at CITIZENS FINANCIAL GROUP INC/RI.
Bruce Van Saun
Detailed
Chief Executive Officer
CEO
BC
Brendan Coughlin
Detailed
Vice Chair and Head of Consumer Banking
CS
Christopher Schnirel
Detailed
Executive Vice President, Chief Accounting Officer and Controller
DM
Donald McCree
Detailed
Senior Vice Chair and Head of Commercial Banking
JW
John Woods
Detailed
Vice Chair and Chief Financial Officer
MR
Michael Ruttledge
Detailed
Executive Vice President and Chief Information Officer
RS
Richard Stein
Detailed
Executive Vice President and Chief Risk Officer
SL
Susan LaMonica
Detailed
Executive Vice President and Chief Human Resources Officer
Board of directors at CITIZENS FINANCIAL GROUP INC/RI.
CC
Christine Cumming
Detailed
Director
CS
Christopher Swift
Detailed
Director
CW
Claude Wade
Detailed
Director
EK
Edward Kelly
Detailed
Lead Independent Director
KC
Kevin Cummings
Detailed
Director
LA
Lee Alexander
Detailed
Director
MZ
Marita Zuraitis
Detailed
Director
MS
Michele Siekerka
Detailed
Director
RL
Robert Leary
Detailed
Director
TL
Terrance Lillis
Detailed
Director
TA
Tracy Atkinson
Detailed
Director
WH
William Hankowsky
Detailed
Director
Research analysts who have asked questions during CITIZENS FINANCIAL GROUP INC/RI earnings calls.
MG
Manan Gosalia
Morgan Stanley
7 questions for CFG
Also covers: CADE, CBC, CFR +17 more
Erika Najarian
UBS
5 questions for CFG
Also covers: AXP, BAC, C +14 more
Gerard Cassidy
RBC Capital Markets
5 questions for CFG
Also covers: BAC, BK, BPOP +14 more
MO
Matthew O'Connor
Deutsche Bank
5 questions for CFG
Also covers: BAC, C, FITB +11 more
Ebrahim Poonawala
Bank of America Securities
4 questions for CFG
Also covers: , BK, BMO +31 more
JP
John Pancari
Evercore ISI
4 questions for CFG
Also covers: ALLY, AXP, BFH +19 more
KU
Ken Usdin
Autonomous Research
4 questions for CFG
Also covers: BAC, BK, C +12 more
CM
Chris McGratty
KBW
3 questions for CFG
Also covers: BAC, C, CBC +18 more
Ryan Nash
Goldman Sachs & Co.
3 questions for CFG
Also covers: ALLY, AXP, COF +7 more
DC
David Chiaverini
Wedbush Securities Inc.
2 questions for CFG
Also covers: AX, BANC, BOKF +17 more
PW
Peter Winter
D.A. Davidson
2 questions for CFG
Also covers: BFIN, BOKF, CFR +12 more
Robert Siefers
Piper Sandler & Co.
2 questions for CFG
Also covers: ASB, CMA, FITB +4 more
Christopher McGratty
Keefe, Bruyette & Woods
1 question for CFG
Also covers: ASB, BAC, BANC +35 more
Dave Rochester
Cantor Fitzgerald
1 question for CFG
Also covers: EWBC, FLG, MTB +3 more
GN
George Nguyen
Evercore ISI
1 question for CFG
GW
George Wynn
Evercore ISI
1 question for CFG
LE
L. Erika Penala
UBS
1 question for CFG
Also covers: AXP, BAC, COF +9 more
MO
Matt O'Connor
Deutsche Bank
1 question for CFG
Also covers: BAC, HBAN, JPM +7 more
Nathan Stein
Deutsche Bank
1 question for CFG
Also covers: EVR, HBAN, HLI +3 more
RS
R. Scott Siefers
Piper Sandler Companies
1 question for CFG
Also covers: ASB, FITB, KEY +6 more
SS
Scott Siefers
Piper Sandler
1 question for CFG
Also covers: ASB, FITBI, HBAN +7 more
SA
Steven Alexopoulos
JPMorgan Chase & Co.
1 question for CFG
Also covers: BAC, C, FCNCA +10 more
Recent press releases and 8-K filings for CFG.
Citizens Financial Group issues $400 M 5.299% Fixed-Reset Subordinated Notes due 2036
CFG
Debt Issuance
- On January 29, 2026, Citizens Financial Group completed the issuance of $400 million aggregate principal amount of 5.299% Fixed-Reset Subordinated Notes due 2036.
- The Notes pay interest at 5.299% per annum through January 29, 2031, and thereafter at the Five-Year U.S. Treasury Rate + 1.450% until maturity.
- The Notes are callable at the issuer’s option (i) in whole on the reset date, (ii) in whole or in part on or after October 30, 2035, or (iii) in whole within 90 days following a Regulatory Capital Treatment Event, subject to applicable banking regulator approval.
- Net proceeds will be used for general corporate purposes, including debt repayment, share repurchases, dividends, capital expenditures and potential acquisitions.
Jan 29, 2026, 9:43 PM
Citizens Financial Group reports Q4 2025 results
CFG
Earnings
Dividends
- EPS of $1.13, up 8% QoQ; ROTCE of 12.2%.
- Total revenue of $2.157 billion, up 2% QoQ and 9% YoY; pre-provision profit of $814 million, up 4% QoQ and 19% YoY; NIM of 3.07%.
- Period-end loans of $142.7 billion, up 1% QoQ; average deposits of $179.9 billion, up 2% QoQ; LDR of 77.8%.
- Net charge-offs of 43 bps, down 3 bps QoQ; allowance coverage ratio of 1.53%, reflecting continued credit improvement.
- Declared quarterly dividend of $0.46 per share, payable February 18, 2026.
Jan 22, 2026, 2:11 PM
Citizens Financial Q4 profit surge, margins widen
CFG
Earnings
Guidance Update
- Citizens Financial Group reported Q4 net income of $489 million and EPS of $1.13 on revenue of $2.16 billion.
- Net interest income increased to $1.54 billion, while noninterest income rose to $620 million, led by a 16% jump in capital markets fees to $140 million.
- Net interest margin widened to 3.07%, and net charge-offs fell to $155 million (43 bps of average loans) year-over-year.
- Loans grew to $142.7 billion and deposits to $179.9 billion, with Private Bank deposits reaching $14.5 billion, delivering about 7% accretion to the firm’s bottom line at an approximate 25% ROE.
- Management forecasts 10–12% net interest income growth and 6–8% noninterest income growth in 2026, expecting moderate balance-sheet growth and improved margins.
Jan 21, 2026, 4:57 PM
Citizens Financial Group reports Q4 and full-year 2025 financial results
CFG
Earnings
Guidance Update
Share Buyback
- Citizens reports Q4 EPS of $1.13 (+8% sequential, +36% YoY) and full-year EPS of $3.86 (+19% YoY); Q4 net interest margin expanded 7 bps to 3.07%, delivering 1.25% positive operating leverage in FY 2025.
- Private Bank balances reached $14.5 B in deposits, $10 B in client assets, and $7.2 B in loans, achieving 25% ROE and contributing 7% to pre-tax income for the year.
- Non-core assets were run down from $6.9 B to $2.5 B, while the TOP 10 program delivered $100 M of pre-tax run-rate savings in Q4; credit trends remain favorable with net charge-offs at 43 bps and allowance coverage at 1.53%.
- Returned 80% of 2025 earnings to shareholders: Q4 distributions included $201 M in dividends and $125 M of buybacks; full-year buybacks totaled $600 M at an average price of $44.55, with total capital returned of $1.4 B.
- 2026 outlook calls for NII growth of 10%–12%, non-interest income up 6%–8%, expense growth of 4.5%, and >500 bps of operating leverage; plans $700 M–$850 M in buybacks, targets ROTCE of 16%–18% in H2 2027 and has launched the Reimagine the Bank initiative ($50 M one-time costs vs $45 M benefits in 2026, aiming for $450 M pre-tax run-rate savings by end-2028).
Jan 21, 2026, 2:00 PM
CFG Reports Q4 2025 Earnings Results
CFG
Earnings
Share Buyback
- Net interest income of $1.537 B, up 3% QoQ and 9% YoY; net interest margin (FTE) expanded 7 bps QoQ to 3.07%.
- Noninterest income of $620 M, down 2% QoQ but up 8% YoY, driven by Wealth fees (+5% QoQ; +31% YoY) and Capital Markets fees (+16% YoY).
- EPS of $1.13, up 36% YoY; underlying ROTCE of 12.2%, up 152 bps YoY.
- Underlying efficiency ratio improved to 62.2%, with positive operating leverage of 1.3% QoQ.
- Capital position remains strong with a CET1 ratio of 10.6%; repurchased $125 M of common stock in Q4 (FY 2025 total $600 M; payout ratio 80%).
Jan 21, 2026, 2:00 PM
Citizens Financial reports Q4 2025 results
CFG
Earnings
Guidance Update
Share Buyback
- EPS rose 8% sequentially and 36% year-over-year, with full-year EPS of $3.86, up 19% from 2024.
- Net interest income grew 9% year-over-year, driven by a 20 bp expansion in net interest margin and 3% spot loan growth.
- Citizens’ Private Bank ended 2025 with $14.5 billion in deposits, $10 billion in client assets, and $7.2 billion in loans, delivering 7% pre-tax accretion and 25% ROE for the year.
- For 2026, the bank guides net interest income growth of 10–12%, controlled expense growth (~4.5%), and $700–$850 million in share repurchases.
Jan 21, 2026, 2:00 PM
Citizens Financial Group reports Q4 2025 results
CFG
Earnings
Guidance Update
Share Buyback
- Q4 EPS: $1.13, up 8% sequentially and 36% YoY; FY 2025 EPS: $3.86, +19% YoY.
- Net interest margin expanded 7 bps to 3.07%, supporting a 9% YoY increase in net interest income; spot loans +3% YoY.
- Fees up 8% YoY, driven by record wealth (+31% YoY) and capital markets performance.
- Positive operating leverage of 1.3% sequentially and 5.2% YoY in Q4.
- 2026 guidance: NII +10–12%, loans +3–5%, non-interest income +6–8%, expenses +4.5%, and share repurchases of $700–850 M.
Jan 21, 2026, 2:00 PM
Citizens Financial reports Q4 2025 results
CFG
Earnings
- Citizens Financial Group reports Q4 2025 net income of $528 million, up 32% YoY, and EPS of $1.13, up 36% YoY.
- Total revenue reached $2.157 billion, with pre-provision net revenue (PPNR) of $814 million, up 19% YoY; net interest income was $1.537 billion and net interest margin expanded 7 bps to 3.07%.
- Period-end loans of $142.7 billion, up 1% QoQ, and average deposits of $179.9 billion, up 2% QoQ; net charge-offs of 43 bps reflect continued favorable credit trends.
- Capital metrics remain strong with a CET1 ratio of 10.6%, tangible book value per share of $38.07, and FY2025 net income of $1.831 billion (EPS $3.86, up 14% underlying).
Jan 21, 2026, 11:25 AM
Citizens Financial presents strategy and targets at GS Financial Services Conference
CFG
Guidance Update
New Projects/Investments
- Citizens’ strategy rests on a “triangle” of a low-cost deposit consumer bank with wealth penetration, a super-regional commercial bank focused on middle market and private capital, and a fast-growing private bank leveraging First Republic talent, driving margin expansion and efficiency gains.
- The private bank began with 150 First Republic hires in June 2023, now has $12 billion in deposits and is 7% accretive to 2025 earnings (expected to reach double-digit accretion next year) with a 24% YTD ROE.
- The “Reimagine the Bank” initiative targets >$400 million in annualized cost savings by 2027-28, front-loaded with startup costs in 2026 offset by early benefits and no derailment of medium-term goals.
- Financial guidance includes NII growth of 2.5%–3.5%, 5 bps of quarterly NIM expansion, and a path to 16%–18% ROE driven by swap roll-offs, non-core run-down, and revenue initiatives.
Dec 9, 2025, 3:40 PM
Citizens Financial outlines three-pronged strategy, private bank growth, and efficiency program
CFG
Guidance Update
New Projects/Investments
- Citizens is executing a three-legged strategy—a low-cost deposit-focused consumer bank, a super-regional commercial bank targeting middle-market and mid-corporate clients, and a private bank built via 150 First Republic hires in June 2023—aiming to deepen customer relationships and capture intermediary wealth opportunities.
- The private bank has grown to over $12 billion in deposits, ~$7 billion in loans, and $10 billion in AUM, delivering a 24% YTD ROE and contributing 7% accretion to 2025 EPS; management expects accretion to reach double digits in 2026.
- The “Reimagine the Bank” initiative targets >$400 million in annual run-rate cost benefits by 2027–2028, with upfront 2026 investments (consulting, technology, redundancy) and a transformation office overseeing 50+ workstreams leveraging GenAI and process redesign.
- CFG reported a >12% ROE in Q3 2025 and reiterated a 16%–18% medium-term ROE target, driven by swap roll-off, non-core asset rundown, net interest income expansion, and credit normalization; CET1 stands near 11%, with capital priorities on dividend hikes, organic growth, and share buybacks.
Dec 9, 2025, 3:40 PM
Quarterly earnings call transcripts for CITIZENS FINANCIAL GROUP INC/RI.
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