Citable filing context
CFG's research view summarizes recent SEC filing context, starting with debt_offering from Jul 31, 2026.
| Filed | Item | Context |
|---|---|---|
| Jul 31, 2026 | debt_offering | Citizens Financial Group issued 400,000 shares of 6.750% Series J Perpetual Preferred Stock with a $1,000 liquidation preference. |
| Jul 21, 2026 | earnings | Citizens Financial Group reported second quarter 2026 earnings with EPS of $1.30 and net income of $587 million. |
| Jul 16, 2026 | earnings | Citizens Financial Group reported Q2 2026 net income of $587 million and EPS of $1.30. |
| Dec 5, 2023 | Guidance: eps_accretion | 5.00 to 5.00 |
| Dec 5, 2023 | Guidance: non_core_rundown | 9.00 to 9.00 |
| Dec 5, 2023 | Guidance: sustainable_finance_target | 50.00 to 50.00 |
| Aug 3, 2026 | mda_quarterly | Citizens Financial Group (CFG) reported net income of $587 million for the second quarter of 2026, up from $436 million in the same period of 2025. This performance was driven by a $194 million increase in net interest income, supported by a 22-basis-point expansion in net interest margin to 3.16%. Growth in interest-earning assets, particularly in the Private Bank and commercial segments, bolstered revenue, while the provision for credit losses declined to $134 million, reflecting improved credit trends and the runoff of certain retail portfolios. Noninterest income rose 9% to $652 million, led by strong capital markets and wealth management fees, though partially offset by lower mortgage banking fees due to MSR valuation results. Noninterest expenses increased to $1.4 billion, primarily due to strategic hiring for the Private Bank and Private Wealth expansion and compensation linked to capital markets growth. CFG maintains a strong liquidity position, with $89.4 billion in total available liquidity. The company’s loan-to-deposit ratio remains stable at 79.5%. Capital management remains a priority, with $225 million in common stock repurchases during the quarter and the issuance of $400 million in Series J preferred stock to facilitate the redemption of Series G shares. |
| May 4, 2026 | mda_quarterly | Citizens Financial Group reported first-quarter 2026 net income of $517 million and diluted EPS of $1.13, driven by net interest income growth to $1.6 billion and a net interest margin expansion of 25 basis points to 3.14%. This margin improvement resulted from lower funding costs and the runoff of the auto loan portfolio. Noninterest income rose to $606 million, led by capital markets and wealth fees, while noninterest expenses increased to $1.4 billion due to hiring for the Private Bank and Private Wealth expansion. Strategically, the company acquired Matrix Capital Markets Group to strengthen advisory capabilities in the downstream energy and convenience retail sectors. Total assets reached $227.9 billion, with growth in commercial and industrial loans partially offset by commercial real estate paydowns. Credit quality remains stable, with commercial criticized balances at $6.1 billion and an allowance for credit losses of $2.2 billion, based on a mild recession forecast with 5.3% peak unemployment. Liquidity is robust, with $91.8 billion in available capacity. Capital activities included $300 million in common stock repurchases and $1.15 billion in new debt issuances. The company continues to evaluate the impact of proposed regulatory capital framework modernizations, including the ERBA proposal. |
Source: SEC EDGAR filing text and events; period Jul 31, 2026; filed Jul 31, 2026.
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