Citizens Financial Group ( (CFG) ) has released its Q2 earnings. Here is a breakdown of the information Citizens Financial Group presented to its investors.
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Citizens Financial Group, Inc. is a prominent financial institution based in Providence, Rhode Island, offering a wide range of retail and commercial banking services across the United States. The company is known for its comprehensive banking solutions, including lending, savings, wealth management, and capital markets services.
In its second quarter of 2025, Citizens Financial Group reported a net income of $436 million and an earnings per share (EPS) of $0.92, reflecting a robust performance driven by strong revenue growth and disciplined expense management. The company also declared a quarterly dividend of $0.42 per share, indicating a commitment to returning value to shareholders.
Key financial highlights include a 3% sequential growth in net interest income (NII) and a 10% increase in fee income, contributing to a positive operating leverage of approximately 5%. The company’s efficiency ratio improved to 64.8%, supported by stable expenses and strong fee performance, particularly in card, wealth, and mortgage sectors. Additionally, Citizens Financial Group maintained a strong liquidity profile with a loan-to-deposit ratio of 79.6% and a CET1 ratio of 10.6%.
The company experienced a 1% growth in loans and deposits, with notable progress in the Private Bank segment. Credit quality metrics showed favorable trends, with net charge-offs slightly down and allowance for credit losses stable at 1.59%. The tangible book value per share increased by 4% quarter-over-quarter, reflecting the company’s strong financial position.
Looking ahead, Citizens Financial Group is well-positioned for a strong second half of the year, with strategic initiatives such as the ‘Reimagining the Bank’ program expected to drive further growth and innovation. The management remains optimistic about sustaining momentum into the medium term, leveraging new technologies and expanding its Private Bank and Private Wealth offerings.