Form 10-Q · Quarterly report
Citizens Financial Group 10-Q, filed Oct 28, 2026
- Filed
- CIK
- 0000759944
- Accession no.
- 0000759944-26-000213
Summary
Citizens Financial Group reported third-quarter 2026 net income of $636 million, or $1.41 per diluted common share, up from a year earlier, on net interest income of $1.7 billion and a net interest margin of 3.18%, with return on tangible common equity of 15.1%. The bank said its board raised common share repurchase capacity to $1.95 billion and that it issued $400 million of 6.750% Series J preferred stock in July 2026.
Key points
- Nine-month 2026 net income was $1.7 billion, or $3.83 per diluted common share, up $437 million and $1.09 respectively from the same period in 2025.
- Provision expense fell to $125 million for the quarter and $399 million for the nine months, which the bank attributed to improved loan mix including reductions in CRE general office.
- Noninterest expense rose to $1.4 billion for the quarter, driven by salaries and benefits tied to the Private Bank & Wealth build-out.
- At September 30, 2026, Citizens had $234.5 billion of total assets, $185.2 billion of deposits and $25.2 billion of stockholders' equity.
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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