Citizens Financial Q3 revenue slightly misses estimates

Citizens Financial

16/10/2026 11:34

Overview
US banking group's Q3 revenue slightly missed analyst expectations
Q3 net income and EPS rose sharply yr/yr
Company raised dividend 13% and expanded share buyback program by $1.3 bln

Outlook
Company says it remains confident in its outlook for Q4 and for 2027

Result Drivers
REVENUE AND EARNINGS GROWTH - Co attributed Q3 performance to continued revenue and earnings growth despite external volatility
LOWER CREDIT PROVISION - Provision for credit losses fell to $125 mln from $154 mln yr/yr, reflecting Non-Core runoff, improving credit trends and a better loan mix
FEE-MIX PRESSURE - Lower mortgage banking and capital-markets fees weighed on noninterest income q/q, partly offset by record wealth fees

Company press release: ID:nBw1Q77H4a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Miss*
$2.32 bln
$2.34 bln (14 Analysts)
Q3 EPS
 
$1.41
 
Q3 Net Income
 
$636 mln
 
Q3 Net Interest Income
 
$1.68 bln
 
Q3 CET1 Capital Ratio
 
10.50%
 
Q3 Credit Loss Provision
 
$125 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for Citizens Financial Group Inc is $78.00, about 23% above its October 15 closing price of $63.43
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
Oct 14 - US banks post solid third-quarter loan growth, but face more competition for deposits
Oct 13 - Citigroup Q3 revenue rises, partly on strength in services, wealth segments
Oct 15 - PNC's Q3 revenue grows slightly less than expected on tepid capital markets activity

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)