Citizens Financial Group Q1 Earnings Call Highlights

2 months ago 21

MarketBeat

Thu, April 16, 2026 astatine 10:07 AM CDT 8 min read

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Strong Q1 results: Citizens reported EPS of $1.13 (up ~47% YoY) and ROTCE of 12.2%, driven by nett involvement income maturation and NIM enlargement arsenic NIM reached 3.14% (up 7 bps sequentially).
Record interest show led by superior markets: Noninterest income roseate 11% YoY with superior markets fees up 34% YoY, and absorption maintained its fee-growth outlook portion guiding Q2 NII +3–4% and noninterest income +3–5%.
Balance-sheet spot and superior actions: CET1 was 10.5% with an allowance for indebtedness losses of 1.52%, loans and deposits each roseate ~1% QoQ portion CRE exposures were reduced, and the slope returned astir $500 cardinal to shareholders; projected regulatory changes could little RWA ~10%, perchance adding implicit 100 bps to CET1.
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Citizens Financial Group (NYSE:CFG) reported a “strong” commencement to 2026, posting first-quarter net per stock of $1.13 and instrumentality connected tangible communal equity (ROTCE) of 12.2% arsenic nett involvement income maturation and interest spot helped offset a seasonally softer period, absorption said connected the company’s net call.

Chairman and CEO Bruce Van Saun said the slope delivered year-over-year EPS maturation of 47%, affirmative operating leverage of 7%, and nett involvement borderline (NIM) enlargement of 24 ground points contempt “geopolitical tensions and uncertainty successful the macro environment.” He added that Citizens ended the 4th with a communal equity tier 1 (CET1) ratio of 10.5% and an allowance for indebtedness losses of 1.52%, portion recognition trends “continue to beryllium favorable crossed our portfolios.”

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CFO Aunoy Banerjee said results were “paced by beardown NII,” driven by continued NIM enlargement and coagulated indebtedness growth. Net involvement income roseate 1.6% from the anterior quarter, which Banerjee attributed to a higher borderline and accrued earning assets, including indebtedness growth, much than offsetting a day-count interaction of astir $22 million.

Citizens’ NIM improved 7 ground points sequentially to 3.14%. Banerjee said the quarter’s borderline enlargement was driven chiefly by “reduced resistance from terminated swaps and non-core runoff” and humble benefits from fixed-rate plus repricing and backing premix improvements.

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Deposit costs declined successful the quarter. Banerjee said interest-bearing deposit costs fell 16 ground points and full deposit costs fell 12 ground points, portion the cumulative interest-bearing deposit beta improved to 50% pursuing repricing aft the past complaint cut. He added that adjacent with the Federal Reserve present expected to clasp dependable successful 2026, Citizens inactive projects a high-40s beta for the cycle.

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