Citizens Financial Group (NYSE:CFG) Issues Quarterly Earnings Results

Citizens Financial Group (NYSE:CFG) announced its quarterly earnings results on Friday. The bank reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.02, Zacks reports. Citizens Financial Group had a return on equity of 8.85% and a net margin of 17.18%. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the company earned $1.05 earnings per share.

Here are the key takeaways from Citizens Financial Group’s conference call:

• Strong third-quarter performance continued, with EPS up 8.5% sequentially and 34% year over year, ROTCE improving to 15.1%, record revenue, and more than 500 basis points of year-over-year positive operating leverage.
• Net interest income rose 2.7% sequentially as NIM expanded to 3.19%; management expects fourth-quarter NII growth of approximately 2.5%-3% and NIM of 3.23%-3.26%, supported by asset sensitivity, repricing, and continued deposit-cost discipline.
• Management raised shareholder returns, increasing the quarterly dividend 13% to $0.52 per share and expanding share-repurchase authorization to $1.95 billion, with at least $200 million of buybacks expected in the fourth quarter.
• Capital markets and wealth pipelines remain strong, particularly in M&A, while the private bank added $2 billion of loans and reached $18.5 billion in deposits; management expects fourth-quarter fee income to rise approximately 4%-5%.
• Credit metrics remained broadly favorable, but commercial loans declined 2% excluding the private bank as CRE and C&I balances contracted; management expects charge-offs to be stable or slightly lower and continues to monitor office real estate and the macroeconomic environment.

Citizens Financial Group Trading Down 0.1%

Shares of Citizens Financial Group stock opened at $63.39 on Friday. The firm has a market cap of $26.70 billion, a PE ratio of 12.75, a P/E/G ratio of 0.58 and a beta of 0.72. Citizens Financial Group has a 1 year low of $48.31 and a 1 year high of $75.33. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.86 and a quick ratio of 0.85. The stock has a fifty day moving average price of $68.03 and a 200-day moving average price of $67.04.

Insider Buying and Selling at Citizens Financial Group

In related news, CEO Bruce Van Saun sold 129,369 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $72.07, for a total value of $9,323,623.83. Following the transaction, the chief executive officer directly owned 1,140,763 shares of the company’s stock, valued at approximately $82,214,789.41. The trade was a 10.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

CFG has been the subject of several recent research reports. Cantor Fitzgerald decreased their price objective on Citizens Financial Group from $84.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday. Morgan Stanley cut their target price on Citizens Financial Group from $90.00 to $89.00 and set an “overweight” rating on the stock in a report on Monday, September 28th. JPMorgan Chase & Co. cut their target price on Citizens Financial Group from $78.00 to $72.50 and set an “overweight” rating on the stock in a report on Friday, October 2nd. Truist Financial reduced their price target on shares of Citizens Financial Group from $80.00 to $77.00 and set a “hold” rating for the company in a research report on Wednesday, September 23rd. Finally, Citigroup boosted their price target on shares of Citizens Financial Group from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $79.08.

More Citizens Financial Group News

Here are the key news stories impacting Citizens Financial Group this week:

• Positive Sentiment: Third-quarter net income rose 29% year over year to $636 million, while EPS increased 34% year over year and 8% sequentially to $1.41. The result exceeded consensus estimates of $1.39 and was well above the $1.05 reported in the prior-year quarter. Citizens Financial Group Reports Third Quarter 2026 Results
• Positive Sentiment: Higher net interest income supported the earnings beat, and management highlighted improved credit quality. These trends suggest better core banking profitability and reduced near-term credit-loss pressure. CFG Stock Up as Q3 Earnings Top Estimates
• Positive Sentiment: Citizens increased its dividend by 13%, improving the stock’s income appeal and signaling confidence in capital generation and future earnings. CFG Stock Up as Q3 Earnings Top Estimates, Dividend Hiked
• Neutral Sentiment: The earnings call and company release provide additional detail on quarterly performance and management’s outlook, but investors are balancing strong profitability against uneven revenue trends. Citizens Financial Group Q3 2026 Earnings Call Transcript
• Negative Sentiment: Revenue missed expectations, primarily because capital-markets fees declined. The shortfall helps explain why the market response was less favorable than the EPS beat alone might suggest. Citizens Financial Q3 Earnings Beat, Revenue Misses
• Negative Sentiment: Cantor Fitzgerald issued a pessimistic forecast for CFG, adding an additional source of downside pressure despite the quarterly earnings beat. Cantor Fitzgerald Issues Pessimistic Forecast

About Citizens Financial Group

Citizens Financial Group, Inc is a bank holding company headquartered in Providence, Rhode Island. Its principal subsidiary, Citizens Bank, provides banking and financial services to individuals, families, businesses and institutions through branches, digital channels and other delivery platforms.

The company’s consumer banking activities include checking and savings accounts, residential mortgages, home equity lending, credit cards, personal loans and other lending products. Through its commercial banking operations, Citizens provides business loans, commercial real estate financing, treasury management, capital markets services and other solutions for companies and institutional clients.