Quarterly ResultApr 16, 2026, 06:36 AM
Citizens Financial Group Q1 2026 Net Income Up 39% YoY to $517M
AI Summary
Citizens Financial Group reported a strong first quarter for 2026, with net income increasing 39% year-over-year to $517 million. Diluted earnings per share also saw a significant 47% rise year-over-year, reaching $1.13, though it remained flat quarter-over-quarter. Total revenue grew 12% year-over-year to $2.168 billion, and the net interest margin improved by 8 basis points quarter-over-quarter to 3.14%. However, pre-provision profit saw a 3% decline quarter-over-quarter.
Key Highlights
- Net income increased 39% year-over-year to $517 million in Q1 2026.
- Diluted EPS remained flat quarter-over-quarter at $1.13, up 47% year-over-year.
- Total revenue rose 12% year-over-year to $2.168 billion.
- Net interest margin expanded by 8 basis points quarter-over-quarter to 3.14%.
- Pre-provision profit decreased 3% quarter-over-quarter to $790 million.