| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 452.00 | 18.0% | 23.2% |
| Total Income | 452.00 | 18.0% | 23.2% |
| Expenditure | -177.00 | 3.5% | 71.8% |
| PBT | 629.00 | 13.5% | 33.8% |
| Net Profit | 494.00 | 13.3% | 29.3% |
| OPM | — | ||
| NPM | 100.00% | 0.00pp | 0.00pp |
| EPS | 1.06 | 14.0% | 37.7% |
Citizens Financial Group Reports Q3 2025 Net Income of $494 million
04 May 2026 · 4 May, 9:02 am
Summary
Citizens Financial Group, Inc. reported a net income of $494 million for the third quarter of 2025. EPS reached $1.05, marking a $0.13 increase QoQ. The company's PPNR grew by 9% sequentially to $783 million, driven by NII growth of 3.5% and strong fee income performance, particularly in Capital Markets. Positive operating leverage of 3% was achieved, with the efficiency ratio improving to 63.0%. CEO Bruce Van Saun expressed confidence in the company's momentum and positioning for medium-term targets.
Key Highlights
- 1
Citizens Financial Group reported EPS of $1.05, up $0.13 QoQ, with ROTCE of 11.7% for Q3 2025.
- 2
PPNR increased by 9% QoQ to $783 million, driven by a 3.5% increase in NII and strong fee performance.
- 3
Capital Markets revenue surged by 58% QoQ and 77% YoY, contributing to strong fee income.
- 4
The company achieved positive operating leverage of 3%, improving the efficiency ratio by approximately 170 bps to 63.0%.
- 5
Loans increased by 1% QoQ on a spot basis, fueled by growth in the Private Bank and retail sectors.
- 6
Net charge-offs decreased by 2 bps QoQ to 46 bps, reflecting continuing favorable credit trends.
- 7
Average deposits rose by 1% QoQ, supported by $2.2 billion growth in the Private Bank.
Management Comments
Bruce Van Saun
“We are pleased to report very strong results for the third quarter, paced by excellent NII and fee growth, 3% sequential positive operating leverage, and credit results that continue to trend favorably,” said Chairman and CEO Bruce Van Saun. “Loan and deposit growth was solid, as the Private Bank delivered strong performance. A pick-up in market activity drove our highest Capital Markets revenues since fourth quarter of 2021, with pipelines remaining strong. Our Reimagine the Bank initiative continues to take shape and will positively contribute to delivery of our medium-term targets. All in all, we feel we have good momentum and are very well-positioned for the medium-term.”
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