CITIZENS FINANCIAL GROUP INC/RI (CFG) Form 8-K — Oct 16, 2026
Citizens Financial Group reported third quarter 2026 net income of $636 million, up 29% year over year, with EPS of $1.41, up 34% YoY and 8% QoQ. Total revenue reached a record $2,322 million, up 10% YoY, with net interest income up 13% YoY and NIM expanding 19 bps to 3.19%. Alongside results, the board raised the quarterly dividend 13% to $0.52 per share and increased the common share repurchase authorization to $1.95 billion, adding $1.3 billion of capacity above the $650 million remaining. The company returned $322 million to shareholders in the quarter, including $125 million of buybacks at an average price of $70.76.
Key figures
- Eps
- 1.41
- Revenue
- 2322000000
- Net Income
- 636000000
- Revenue Yoy
- 10%
- Total Assets
- 234464000000
- Cash Position
- $234.5 billion total assets as of September 30, 2026
- Shares Outstanding
- 421219810
- Ppnr
- $929 million, up 18.6% YoY
- Rotce
- 15.1%
- Nim fte
- 3.19%
- Cet1 ratio
- 10.5%
- Nim target
- 3.30-3.50% by 4Q27
- Rotce target
- 16-18% by end of 2027
- Tbv per share
- $35.78, down 6.6% QoQ
- Q3 repurchases
- $125 million at weighted-average price of $70.76
- Net charge offs
- 37 bps
- Buyback capacity
- $1.95 billion (up $1.3 billion from $650 million remaining)
- Efficiency ratio
- 60.0%
- Period end loans
- $148.2 billion
- Cet1 adjusted aoci
- 8.7%
- Dividend per share
- $0.52, up 13% QoQ
- Period end deposits
- $185.2 billion
- Private bank deposits
- $18.5 billion, up 4% QoQ
- Reimagine run rate target
- ~$225 million pre-tax by year-end 2027; ~$450+ million by year-end 2028
- Private bank eps contribution
- $0.16
AI analysis
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