Citizens Financial Q1 2026 net income rises 38.6% to $517 million; net interest margin widens 25 bps to 3.14%
Citizens Financial Group, Inc. CFG | 0.00 |
- Citizens Financial Group posted net income of $517 million, up $144 million from year-earlier quarter, with diluted EPS rising $0.36 to $1.13.
- Revenue climbed to $2.17 billion as net interest income rose 12% to $1.6 billion, lifting net interest margin 25 basis points to 3.14%.
- Efficiency ratio improved to 63.6% from 67.9%, while provision for credit losses fell to $140 million from $153 million.
- Noninterest income increased 11% to $606 million on higher capital markets fees and wealth fees, while noninterest expense rose 5% to $1.4 billion.
- Completed Matrix Capital Markets Group asset acquisition in March; repurchased $300 million of common stock during quarter, leaving $1 billion in remaining authorization capacity.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Citizens Financial Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000759944-26-000101), on May 04, 2026, and is solely responsible for the information contained therein.
