Citizens Financial reveals $636 million quarterly earnings

• Citizens Financial reported third-quarter 2026 net income of $636 million, up 29% year over year, with earnings per share rising 34% to $1.41.
• Quarterly EPS exceeded the $1.39 FactSet estimate, although revenue of approximately $2.32 billion fell below the $2.34 billion consensus.
• Citizens increased its quarterly dividend by 13% to $0.52 per share and expanded its share repurchase authorization to $1.95 billion.

Citizens Financial Group (NYSE:CFG) reported third-quarter 2026 net income of $636 million, up 29% year over year, while diluted earnings per share increased 34% to $1.41.

The earnings result exceeded FactSet's $1.39-per-share estimate, although revenue of approximately $2.32 billion missed expectations of $2.34 billion, while EPS increased from approximately $1.30 in the preceding quarter.

Citizens also increased its quarterly dividend by $0.06 to $0.52 per share, payable November 13, and expanded its share repurchase authorization by $1.3 billion to $1.95 billion.

Citizens said it remains confident in its outlook for the fourth quarter and 2027, while its shares last closed at approximately $63.43 on October 15, before a verified post-earnings price reaction was available.

The Providence-based bank reported $234.5 billion in total assets as of September 30, 2026, alongside positive year-over-year operating leverage of 5.3%.

Citizens operates approximately 1,000 branches and 3,000 ATMs across 14 states and Washington, D.C., providing consumer banking, commercial lending, wealth management and capital markets services.