Citizens Financial Group said net income for Q2 2026 was $587 million, diluted earnings per share were $1.30 and return on average tangible common equity was 13.9%. Net income for Q1 was $517 million and for Q2 2025 was $436 million.

1. 01

   Citizens Financial Group said net income for Q2 2026 was $587 million, diluted earnings per share were $1.30 and return on average tangible common equity was 13.9%. Net income for Q1 was $517 million and for Q2 2025 was $436 million.

2. 02

   The company said net interest income for Q2 2026 was $1,631 million, up 4% from Q1 and up 14% from Q2 2025. Net interest margin on an FTE basis was 3.17%, up 3 basis points from Q1 and up 22 basis points from the prior year.

3. 03

   Citizens said net charge-offs for Q2 2026 were 0.37% of average loans and leases, down from 0.39% for Q1. The allowance for credit losses was $2,184 million, representing 1.48% of loans and leases, and the provision for credit losses was $134 million.

4. 04

   The company announced on July 21, 2026 the launch of a proposed public offering of Series J Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock. If the offering prices and closes, it intends to use the net proceeds to redeem some or all outstanding shares of Series G Preferred Stock on the dividend payment date of October 6, 2026, though pricing has not yet occurred.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.