Citizens Financial Group (CFG) Research

Forward Estimates

EPS Estimates

Current Qtr

$1.24

$1.20$1.30

vs $0.92+34.7%

12 analysts

Next Qtr

$1.38

$1.35$1.42

vs $1.05+31.4%

12 analysts

Current Yr

$5.20

$5.10$5.36

vs $3.86+34.8%

12 analysts

Next Yr

$6.41

$6.15$6.77

vs $5.20+23.3%

13 analysts

Revenue Estimates

Current Qtr

$2.25B

$2.24B$2.25B

vs $2.04B+10.4%

6 analysts

Next Qtr

$2.32B

$2.31B$2.33B

vs $2.12B+9.5%

6 analysts

Current Yr

$9.12B

$9.07B$9.16B

vs $8.25B+10.5%

6 analysts

Next Yr

$9.92B

$9.82B$10.03B

vs $9.12B+8.8%

7 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for CFG on EDGAR.

CFG filing events and research context
Filed	Item	Context
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.
Feb 12, 2026	business	Citizens Financial Group (CFG) operates as a major financial institution with $226.4 billion in assets, organized into Consumer and Commercial Banking segments. Consumer Banking provides retail, private, and wealth management services, including residential mortgages, home equity, and small business offerings. Commercial Banking delivers lending, leasing, treasury management, and capital markets capabilities, such as loan syndication and M&A advisory. The company’s credit exposure is concentrated in commercial and industrial (C&I) and commercial real estate (CRE) sectors, making it sensitive to borrower credit quality and property valuations. Interest rate volatility poses a significant risk to net interest margin and asset values, particularly given the balance sheet's asset sensitivity. Liquidity is primarily supported by customer deposits, supplemented by wholesale funding from the FHLB and secondary market securitizations. Regulatory oversight by the FRB, OCC, and CFPB remains a critical constraint on strategic expansion and capital distributions. Additionally, CFG faces evolving operational risks, including sophisticated cybersecurity threats—notably from generative AI—and third-party vendor dependencies. Recent strategic shifts include the sale of $1.9 billion in education loans and a targeted build-out of the Private Bank and Private Wealth segments to drive fee income.
Feb 12, 2026	mda	Citizens Financial Group reported 2025 net income of $1.8 billion, an increase of $322 million, with ROTCE rising to 11.20%. Net interest income grew to $5.9 billion, supported by a 13-basis-point expansion in net interest margin to 2.97%. This margin improvement was driven by reduced funding costs—facilitated by the auto loan portfolio runoff and a $1.9 billion education loan sale—and fixed-rate asset repricing, which partially offset lower asset yields. Noninterest income rose to $2.4 billion, primarily through wealth and capital markets fees, while noninterest expense increased to $5.3 billion due to Private Bank and Private Wealth build-out costs. The efficiency ratio improved to 64.40%. Provision for credit losses decreased to $608 million, reflecting an improved loan mix and reduced commercial real estate (CRE) exposure. Within the loan portfolio, commercial and industrial loans grew 16%, while CRE declined 10%. Consumer banking drove revenue growth via wealth management, whereas commercial banking net interest income fell due to lower NIM and declining assets. The company maintains a strong liquidity position with $72.3 billion in contingent liquidity and a 77.8% loan-to-deposit ratio.

Filed

Item

Context

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.

Feb 12, 2026

business

Citizens Financial Group (CFG) operates as a major financial institution with $226.4 billion in assets, organized into Consumer and Commercial Banking segments. Consumer Banking provides retail, private, and wealth management services, including residential mortgages, home equity, and small business offerings. Commercial Banking delivers lending, leasing, treasury management, and capital markets capabilities, such as loan syndication and M&A advisory. The company’s credit exposure is concentrated in commercial and industrial (C&I) and commercial real estate (CRE) sectors, making it sensitive to borrower credit quality and property valuations. Interest rate volatility poses a significant risk to net interest margin and asset values, particularly given the balance sheet's asset sensitivity. Liquidity is primarily supported by customer deposits, supplemented by wholesale funding from the FHLB and secondary market securitizations. Regulatory oversight by the FRB, OCC, and CFPB remains a critical constraint on strategic expansion and capital distributions. Additionally, CFG faces evolving operational risks, including sophisticated cybersecurity threats—notably from generative AI—and third-party vendor dependencies. Recent strategic shifts include the sale of $1.9 billion in education loans and a targeted build-out of the Private Bank and Private Wealth segments to drive fee income.

Feb 12, 2026

mda

Citizens Financial Group reported 2025 net income of $1.8 billion, an increase of $322 million, with ROTCE rising to 11.20%. Net interest income grew to $5.9 billion, supported by a 13-basis-point expansion in net interest margin to 2.97%. This margin improvement was driven by reduced funding costs—facilitated by the auto loan portfolio runoff and a $1.9 billion education loan sale—and fixed-rate asset repricing, which partially offset lower asset yields. Noninterest income rose to $2.4 billion, primarily through wealth and capital markets fees, while noninterest expense increased to $5.3 billion due to Private Bank and Private Wealth build-out costs. The efficiency ratio improved to 64.40%. Provision for credit losses decreased to $608 million, reflecting an improved loan mix and reduced commercial real estate (CRE) exposure. Within the loan portfolio, commercial and industrial loans grew 16%, while CRE declined 10%. Consumer banking drove revenue growth via wealth management, whereas commercial banking net interest income fell due to lower NIM and declining assets. The company maintains a strong liquidity position with $72.3 billion in contingent liquidity and a 77.8% loan-to-deposit ratio.

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CFG filing events and research context

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