Q2 25 EPS
$0.92
BEAT +4.36%
Est. $0.88
Q2 25 Revenue
$2.04B
BEAT +1.41%
Est. $2.01B
vs S&P Since Q2 25
+31.2%
BEATING MARKET
CFG +48.0% vs S&P +16.8%
Market Reaction
Did CFG Beat Earnings? Q2 2025 Results
Citizens Financial Group posted a clean second-quarter 2025 beat, with diluted EPS of $0.92 clearing the $0.88 consensus by 4.36% and revenue of $2.04 billion edging past the $2.01 billion estimate by 1.41%, even as reported revenue remained 34.8% be… Read more Citizens Financial Group posted a clean second-quarter 2025 beat, with diluted EPS of $0.92 clearing the $0.88 consensus by 4.36% and revenue of $2.04 billion edging past the $2.01 billion estimate by 1.41%, even as reported revenue remained 34.8% below year-ago levels. The primary engine behind the quarter was a broad-based revenue recovery: net interest income climbed 3.3% sequentially to $1.44 billion as margin expanded 5 basis points to 2.95%, while noninterest income jumped 10% to $600 million on strength in mortgage banking, wealth fees, and card revenue. Net income reached $436 million, up 19% from Q1, with credit quality also improving as net charge-offs fell to 48 basis points annualized from 58 basis points the prior quarter. The Private Bank added $0.06 to EPS and management reiterated a 20-24% return on equity target for that unit in 2025. Looking ahead, the company guided Q3 net interest income up 3-4% and simultaneously unveiled a multi-year AI-driven transformation initiative, signaling confidence in its medium-term path toward a 16-18% ROTCE.
Key Takeaways
- • Net interest margin expansion of 5 bps to 2.95% FTE driven by Non-Core runoff, lower terminated swap impact, lower deposit costs, and fixed-rate asset repricing
- • Noninterest income up 10% sequentially led by mortgage banking, wealth, and card fees
- • Private Bank contributing $0.06 to EPS, up $0.02 QoQ, with $8.7B in spot deposits, $4.9B in loans, and $6.5B in AUM
- • Disciplined expense management with ~5% positive operating leverage QoQ
- • Favorable credit trends with net charge-offs declining to 48 bps from 58 bps and NPAs down 4%
- • Continued Non-Core portfolio runoff improving loan mix
- • Share repurchases of $200 million reducing diluted share count by 4% YoY
- • Efficiency ratio improved to 64.76% from 67.91% sequentially
- • ROTCE improved to 11.05% from 9.64% in Q1 2025
CFG YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
CFG Revenue by Segment
With YoY comparisons, source: SEC Filings
“We are pleased to report strong results today that came in ahead of expectations, paced by strong NII and fee growth, disciplined expense management, and credit results that are trending favorably.”
— Bruce Van Saun, Q2 2025 Earnings Press Release
CFG Earnings Trends
CFG vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CFG EPS Trend
Earnings per share: estimate vs actual
CFG Revenue Trend
Quarterly revenue: estimate vs actual
CFG Quarterly Results
12 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.09 | $1.13 | +3.96% | $2.17B | +0.41% |
| Q4 25 BEAT FY | $1.11 | $1.13 | +2.24% | $2.16B | +0.50% |
| FY Full Year | $3.83 | $3.86 | +0.79% | $8.25B | +0.15% |
| Q3 25 BEAT | $1.03 | $1.05 | +2.20% | $2.12B | +0.82% |
| Q2 25 BEAT | $0.88 | $0.92 | +4.36% | $2.04B | +1.41% |
| Q1 25 BEAT | $0.75 | $0.77 | +2.68% | $1.94B | -0.07% |
| Q4 24 MISS FY | $0.83 | $0.83 | -0.19% | $1.99B | +1.35% |
| FY Full Year | $3.20 | $3.03 | -5.38% | $7.81B | +0.29% |
| Q3 24 BEAT | $0.79 | $0.79 | +0.00% | $1.90B | -1.88% |
| Q2 24 BEAT | $0.78 | $0.82 | +5.13% | $1.96B | +0.83% |
| Q1 24 BEAT | $0.74 | $0.79 | +6.76% | $1.96B | -0.19% |
| Q4 23 BEAT FY | $0.71 | $0.85 | +19.72% | $1.99B | -0.39% |
| FY Full Year | — | $3.88 | — | $8.22B | — |
| Q3 23 MISS | $0.91 | $0.89 | -2.20% | $2.01B | -1.36% |
| Q2 23 BEAT | $1.01 | $1.04 | +2.97% | $2.09B | -0.19% |