| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 451.00 | 8.7% | 17.8% |
| Total Income | 451.00 | 8.7% | 17.8% |
| Expenditure | -304.00 | 29.4% | 77.8% |
| PBT | 755.00 | 16.1% | 36.3% |
| Net Profit | 587.00 | 13.5% | 34.6% |
| OPM | — | ||
| NPM | 100.00% | 0.00pp | 0.00pp |
| EPS | 1.31 | 14.9% | 40.9% |
Citizens Financial Group Reports Q2 2026 Net Income of $587 Million, Up 35% YoY
16 Jul 2026 · 16 Jul, 4:06 pm
Summary
Citizens Financial Group announced strong second quarter 2026 results, with net income rising 35% year-over-year to $587 million and diluted EPS increasing 41% to $1.30. Total revenue grew 12% year-over-year to $2,283 million, supported by a 14% increase in net interest income and a 9% rise in noninterest income, which included record fees from Capital Markets and Wealth management. Chairman and CEO Bruce Van Saun expressed confidence in the company's momentum, highlighting strong revenue growth, positive operating leverage, and favorable credit performance as key drivers for the remainder of 2026 and into 2027.
Key Highlights
- 1
Citizens Financial Group reported second quarter 2026 net income of $587 million, a 35% increase year-over-year.
- 2
Diluted Earnings Per Share (EPS) for the second quarter of 2026 was $1.30, up 41% year-over-year and 15% sequentially.
- 3
Total revenue for the second quarter of 2026 was $2,283 million, an increase of 12% year-over-year.
- 4
Net interest income increased 14% year-over-year to $1,631 million, driven by a higher net interest margin.
- 5
Noninterest income grew 9% year-over-year to $652 million, with record second quarter fees in Capital Markets and record Wealth fees.
- 6
The company maintained a strong Common Equity Tier 1 (CET1) capital ratio of 10.4% as of June 30, 2026.
- 7
Loans and leases increased 3% on a spot basis and 2% on an average basis quarter-over-quarter, led by Commercial and Private Bank.
Management Comments
Bruce Van Saun
We delivered an outstanding second quarter, led by strong revenue growth, significant positive operating leverage and favorable credit performance. We are executing well on our strategic initiatives, with continued strong growth in the Private Bank, record Wealth fees and record second quarter fees in Capital Markets, meaningful progress on Reimagine the Bank, and the successful launch of a new Consumer mobile platform. We were pleased about the DFAST stress loss results and anticipate further improvement under the new Fed models. We remain confident in our momentum and outlook through the remainder of 2026 and for 2027.
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