Form 10-Q · Quarterly report
Citizens Financial Group 10-Q, filed Aug 3, 2026
- Filed
- CIK
- 0000759944
- Accession no.
- 0000759944-26-000148
Summary
Citizens Financial Group reported second-quarter 2026 net income of $587 million, or $1.30 per diluted common share, up $151 million from the same period in 2025, with net interest margin of 3.16% on net interest income of $1.6 billion. The company repurchased $225 million of common stock in the quarter and issued $400 million of 6.750% Series J preferred stock on July 30, 2026.
Key points
- Net income for the six months ended June 30, 2026 was $1.1 billion, or $2.42 per diluted common share, up $295 million year over year.
- Provision expense of $134 million for the quarter decreased $30 million from the prior-year period, which the company attributed to runoff of certain retail portfolios and improving credit trends and loan mix.
- The efficiency ratio was 61.1% for the quarter and 62.3% for the six months, and ROTCE was 13.9% and 13.1%, respectively.
- At June 30, 2026, the company reported total assets of $233.8 billion, total deposits of $185.6 billion, and total stockholders' equity of $26.2 billion, with $775 million of remaining share repurchase capacity.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT’S DISCUSSION Executive Summary 7 Consolidated Statement of Operations Analysis 10 Consolidated Balance Sheet Analysis 15 Business Segments 17 Risk Management 19 Credit Risk 19 Market Risk 24 Liquidity Risk 27 Operational Risk 30 Compliance Risk 31 Capital 31 Critical Accounting Estimates 34 Accounting and Reporting Developments 36 Non-GAAP Financial Measures 38 Citizens Financial Group, Inc. | 5 FORWARD-LOOKING STATEMENTS This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement that does not describe historical or current facts is a forward-looking statement. …
An excerpt of the text as filed with the SEC, cut for length.
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