Citizens Financial Q1 profit jumps 39%, backs medium-term targets

Citizens Financial

16/04/2026 11:30

Overview

U.S. retail and commercial bank's Q1 revenue slightly beat analyst expectations, net income rose 39%

Q1 EPS grew 47% yr/yr, supported by positive operating leverage and NIM expansion

Company says credit trends and private banking growth contributed to quarterly results

Outlook

Company says it is well-positioned to deliver a strong year and reach medium-term targets

Result Drivers

NIM EXPANSION - Citizens said net interest margin expanded 7 bps sequentially and 24 bps yr/yr, supporting results

FAVORABLE CREDIT TRENDS - Co said credit is trending favorably, contributing to quarterly performance

PRIVATE BANK GROWTH - Citizens said its Private Bank continues to grow nicely, helping drive results

Company press release: ID:nBwcbfPZva

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$2.17 bln
$2.16 bln (14 Analysts)
Q1 EPS
$1.13
Q1 Net Income
$517 mln
Q1 Net Interest Income
$1.56 bln
Q1 CET1 Capital Ratio
10.50%
Q1 Credit Loss Provision
$140 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", 1 "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 $73.00, about 12% above its April 15 closing price of $65.19

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

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.)