Citizens Financial Q2 revenue beats estimates, net income up

Citizens Financial

16/07/2026 11:34

Overview
U.S. bank's Q2 revenue rose and beat analyst expectations
Net income climbed 35% yr/yr, EPS up 41% yr/yr
Company saw 4% sequential net interest income growth and 8% fee growth

Outlook
Company did not provide specific quantitative guidance for the current quarter or full year in the press release

Result Drivers
NET INTEREST INCOME - Co reported 4% sequential growth in net interest income
FEE INCOME - Co said fees grew 8% sequentially, with record Wealth fees and record second quarter fees in Capital Markets
OPERATING LEVERAGE - Co cited positive operating leverage of 6.4% yr/yr

Company press release: ID:nBw9m2qMRa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$2.28 bln
$2.25 bln (14 Analysts)
Q2 EPS
 
$1.30
 
Q2 Net Income
 
$587 mln
 
Q2 Net Interest Income
 
$1.63 bln
 
Q2 CET1 Capital Ratio
 
10.40%
 
Q2 Credit Loss Provision
 
$134 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "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 $77.50, about 9% above its July 15 closing price of $71.12
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 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.)