CITIZENS FINANCIAL GROUP INC/RI

Citizens Financial Group Inc. reported strong financial results for the three months ended March 31, 2026, with net income increasing to $517 million and diluted EPS rising to $1.13. The company saw significant growth in net interest income and noninterest income, driven by improved funding costs and strong capital markets and wealth fees. Additionally, Citizens Financial completed the acquisition of Matrix Capital Markets Group, Inc., repurchased $300 million of common stock, and issued $1.15 billion in new debt.

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.