Q1 26 EPS
$1.13
BEAT +3.96%
Est. $1.09
Q1 26 Revenue
$2.17B
BEAT +0.41%
Est. $2.16B
Did CFG Beat Earnings? Q1 2026 Results
Citizens Financial Group opened 2026 on solid footing, posting first-quarter earnings per share of $1.13 and beating the $1.09 consensus estimate by 3.96%, marking the company's fourth consecutive quarter of exceeding EPS expectations. Revenue came i… Read more Citizens Financial Group opened 2026 on solid footing, posting first-quarter earnings per share of $1.13 and beating the $1.09 consensus estimate by 3.96%, marking the company's fourth consecutive quarter of exceeding EPS expectations. Revenue came in at $2.17 billion, edging past the $2.16 billion consensus by 0.41%, though it reflected a 25.1% decline year-over-year as the company's deliberate Non-Core portfolio runoff continued to reshape its balance sheet. The more telling story was profitability, with net interest income climbing 12% year-over-year to $1.56 billion as the net interest margin expanded 24 basis points to 3.14%, driven by fixed-rate asset repricing and meaningfully lower funding costs. The Private Bank buildout added $0.11 to EPS with a return on regulatory capital above 25%, underscoring the strategic pivot gaining traction. Management guided for second-quarter NII growth of 3% to 4% and sees NIM reaching 3.30% to 3.50% by the fourth quarter of 2027, with return on tangible common equity targeted at 16% to 18% by year-end 2027.
Key Takeaways
- • NIM expansion of 7 bps QoQ and 24 bps YoY to 3.14%, driven by terminated swap benefits, Non-Core runoff, and fixed-rate asset repricing
- • Capital Markets fees up 34% YoY driven by higher M&A, loan syndications, and equity underwriting
- • Wealth fees up 23% YoY reflecting AUM growth largely from net inflows
- • Private Bank contributing $0.11 to EPS with ROE >25%
- • Interest-bearing deposit costs down 16 bps QoQ to 2.04%
- • Favorable credit trends with NCO ratio declining to 39 bps from 58 bps YoY
- • Positive operating leverage of 7.2% YoY
CFG Forward Guidance & Outlook
For 2Q26 vs. 1Q26: NII expected up 3-4%; noninterest income up 3-5% with growth across most fee categories; noninterest expense stable to up 1%; net charge-offs stable to down slightly; CET1 ratio of 10.5-10.6% with ~$225 million in share repurchases; tax rate ~22%. Medium-term targets include NIM of 3.30-3.50% by 4Q27 and ROTCE of 16-18% by end of 2027. Reimagine the Bank program targeting ~$450 million pre-tax run-rate benefit by year-end 2028, with ~$100 million expected by year-end 2026.
CFG YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
CFG Revenue by Segment
With YoY comparisons, source: SEC Filings
“We are pleased to get off to a strong start in 2026 notwithstanding heightened geopolitical tensions and uncertainty in the macro environment. Our financial results in a seasonally soft quarter were good, with year-over-year EPS growth of 47%, positive operating leverage of 7%, NIM expansion of 7 bps sequentially and 24 bps versus a year ago, and a robust balance sheet position. Credit is trending favorably, the Private Bank continues to grow nicely, and Reimagine the Bank is off to a great start. We continue to be well-positioned to deliver a strong year and reach our medium-term targets.”
— Bruce Van Saun, Q1 2026 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% |