Citizens Financial Group, Inc. reported its third quarter 2026 results, filing an -K with the Securities and Exchange Commission on October 16, 2026. The company announced a net income of $636 million for the quarter, representing a 29% year-over-year increase. Diluted earnings per share (EPS) were reported at $1.41, a 34% increase from the prior year and an 8% increase from the second quarter of 2026.
The filing details a return on average tangible common equity (ROTCE) of 15.1% for the third quarter. Net interest income (NII) rose to $1.675 billion, an increase of 13% compared to the same period last year. This growth was attributed to a higher net interest margin of 3.19%, which increased 19 basis points year-over-year, as well as a 6% increase in interest-earning assets. Noninterest income totaled $647 million, up 3% year-over-year, driven by record wealth fees and increased service charges, partially offset by lower mortgage and capital markets fees.
On the balance sheet, total loans and leases stood at $148.2 billion at the end of the quarter, an increase of 5% year-over-year. The company noted that the Private Bank contributed $0.16 to EPS. Credit quality metrics remained favorable, with net charge-offs at 37 basis points and an allowance for credit losses coverage ratio of 1.47%.
In other corporate actions disclosed in the filing, Citizens Financial Group’s board of directors declared a quarterly common stock dividend of $0.52 per share, a 13% increase from the prior quarter. Additionally, the board authorized an increase to the company’s common share repurchase program capacity to $1.95 billion, up $1.3 billion from the remaining capacity under the prior authorization.
