Quarterly ResultJul 21, 2026, 08:31 AM
Citizens Financial Q2 EPS $1.30, Revenue $2.28B; Proposes Preferred Stock Offer
AI Summary
Citizens Financial Group reported strong second quarter 2026 results with diluted EPS of $1.30, up 15% quarter-over-quarter, and total revenue of $2.28 billion, an increase of 5% QoQ. The company also announced a proposed public offering of a new series of Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series J, with the intention to use net proceeds to redeem some or all outstanding shares of its Series G Preferred Stock.
Key Highlights
- Diluted EPS of $1.30, up 15% QoQ and 41% YoY.
- Total revenue reached $2.28 billion, a 5% QoQ and 12% YoY increase.
- Net income was $587 million, growing 14% QoQ and 35% YoY.
- Net interest margin (FTE) increased 3 bps QoQ to 3.17%.
- Announced proposed public offering of Series J Preferred Stock.
- Intends to redeem Series G Preferred Stock using offering proceeds.
- Declared quarterly common dividend of $0.46 per share.
- Repurchased $225 million of common shares in Q2 2026.
Price Impact
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