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Citizens Financial Group

CFG Q4 2025 Earnings

Reported Jan 21, 2026 at 6:25 AM ET · SEC Source

Q4 25 EPS

$1.13

BEAT +2.24%

Est. $1.11

Q4 25 Revenue

$2.16B

BEAT +0.50%

Est. $2.15B

vs S&P Since Q4 25

+3.8%

BEATING MARKET

CFG +10.8% vs S&P +7.0%

Full Year 2025 Results

FY 25 EPS

$3.86

BEAT +0.79%

Est. $3.83

FY 25 Revenue

$8.25B

BEAT +0.15%

Est. $8.23B

Market Reaction

Did CFG Beat Earnings? Q4 2025 Results

Citizens Financial Group closed out 2025 on a strong note, posting fourth-quarter earnings per share of $1.13, edging past the $1.11 consensus estimate by 2.24%, as quarterly revenue of $2.16 billion narrowly topped expectations of $2.15 billion. The… Read more Citizens Financial Group closed out 2025 on a strong note, posting fourth-quarter earnings per share of $1.13, edging past the $1.11 consensus estimate by 2.24%, as quarterly revenue of $2.16 billion narrowly topped expectations of $2.15 billion. The headline revenue figure reflected a 28.7% year-over-year decline, though the more telling story was beneath the surface: net income surged 32% from a year ago to $528 million, powered by meaningful net interest margin expansion to 3.07% on an FTE basis, up 20 basis points year-over-year, as fixed-rate assets repriced higher and the Non-Core portfolio continued to wind down. Credit quality also improved notably, with net charge-offs falling to 43 basis points from 53 basis points a year earlier. The company's stock has reflected growing investor confidence, reaching new price highs in the period following the report. Looking ahead, Citizens guided for 10-12% NII growth and 500-plus basis points of positive operating leverage in 2026, with a medium-term ROTCE target of 16-18% expected in the second half of 2027.

Key Takeaways

  • • Net interest margin expansion of 20 bps YoY to 3.07%
  • • Strong Private Bank growth with deposits reaching $14.5 billion
  • • Wealth fees at all-time high, up 31% YoY
  • • Capital markets fees up 16% YoY
  • • Favorable credit trends with net charge-offs declining to 43 bps from 53 bps YoY
  • • Positive operating leverage of 5.2% YoY on Underlying basis
  • • Non-Core portfolio runoff reducing drag on results
  • • Interest-bearing deposit costs down 35 bps YoY
  • • Efficiency ratio improved to 62.24% from 66.27% in Q4 2024
  • • ROTCE of 12.18% in Q4 2025, up 182 bps YoY
24/7 Wall St

CFG YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

CFG Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 24 Q1 26

“We are pleased to report good fourth quarter and full year results that reflect strong execution of our key growth initiatives and continued improvement in our net interest margin. Our strong fee growth was paced by Capital Markets and Wealth, we continue to achieve positive operating leverage, up 5% in Q4 vs. prior year, our credit costs are trending favorably, and we delivered an 80% return of capital to shareholders for the year. The Private Bank hit year end deposits of $14.5 billion, delivering 7% accretion to our bottom line at a 25% ROE. I would like to thank our colleague base for their fine effort and dedication in continuing to serve our customers well and in positioning us for a strong 2026 and bright future.”

— Bruce Van Saun, Q4 2025 Earnings Press Release

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