AI English summary of an SEC filing — figures as filed
Citizens Financial Group CFGCitizens said net income for the 3 months and 9 months ended September 30, 2026 was $636 million and $1.7 billion, respectively, up $142 million and $437 million from the same periods a year earlier. Diluted earnings per common share were $1.41 and $3.83.
Key points
AI summaryCitizens said net income for the 3 months and 9 months ended September 30, 2026 was $636 million and $1.7 billion, respectively, up $142 million and $437 million from the same periods a year earlier. Diluted earnings per common share were $1.41 and $3.83.
The company said net interest income for the 3 months and 9 months rose to $1.7 billion and $4.9 billion, up $187 million and $552 million from the same periods a year earlier, and net interest margin rose 19 basis points and 22 basis points to 3.18% and 3.16%. It cited lower terminated swap impacts, fixed-rate asset repricing and improved funding costs as factors.
The company said it issued $400 million (400,000 shares) of Series J preferred stock with a 6.750% rate in July 2026, and that the net proceeds were used to redeem all of its 4.000% Series G preferred stock on October 6, 2026. It also said its Board raised the capacity of the share repurchase program to $1.95 billion in October 2026, and that the Parent Company repurchased $125 million of its common stock in the 3 months ended September 30, 2026.
The company said that as of September 30, 2026, its total available liquidity was about $89.2 billion, consisting of contingent liquidity of $70.1 billion and available discount window capacity of $19.1 billion. Its ratio of deposits to loans, excluding LHFS, was 80.0%.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Quarterly and 9-Month Net Income and Diluted EPS
Citizens said net income for the 3 months and 9 months ended September 30, 2026 was $636 million and $1.7 billion, respectively, up $142 million and $437 million from the same periods a year earlier. Diluted earnings per common share were $1.41 and $3.83.
Source · Based on the MD&A text of the filing
Net Interest Income and Net Interest Margin Changes
The company said net interest income for the 3 months and 9 months rose to $1.7 billion and $4.9 billion, up $187 million and $552 million from the same periods a year earlier, and net interest margin rose 19 basis points and 22 basis points to 3.18% and 3.16%. It cited lower terminated swap impacts, fixed-rate asset repricing and improved funding costs as factors.
Source · Based on the MD&A text of the filing
Series J Preferred Issuance and Share Repurchase Capacity
The company said it issued $400 million (400,000 shares) of Series J preferred stock with a 6.750% rate in July 2026, and that the net proceeds were used to redeem all of its 4.000% Series G preferred stock on October 6, 2026. It also said its Board raised the capacity of the share repurchase program to $1.95 billion in October 2026, and that the Parent Company repurchased $125 million of its common stock in the 3 months ended September 30, 2026.
Source · Based on the MD&A text of the filing
Liquidity and Deposit-to-Loan Ratio
The company said that as of September 30, 2026, its total available liquidity was about $89.2 billion, consisting of contingent liquidity of $70.1 billion and available discount window capacity of $19.1 billion. Its ratio of deposits to loans, excluding LHFS, was 80.0%.
Source · Based on the MD&A text of the filing
Structured SEC financial data for this filing is not available yet. Please check the figures in the SEC filing.
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.
Loading the filing text…