Citizens Financial (CFG)
NYSE:CFG
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Earnings Data
Report Date
Jul 16, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.23Last Year’s EPS
0.92Same Quarter Last Year
Strong Buy
Based on 16 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive tone: strong core financial performance (notably large YoY EPS growth, positive operating leverage, margin expansion), robust balance sheet and capital returns, and clear progress on strategic initiatives (Private Bank growth and Reimagine the Bank). Headwinds were manageable and largely timing or sector‑specific (mortgage/MSR mark, March market volatility, some implementation costs and noncore runoffs). Management reiterated guidance and showed confidence in delivering NII/NIM goals and long‑term ROTCE targets while acknowledging macro and regulatory uncertainties.Company Guidance
Strong EPS and Profitability
EPS of $1.13 in Q1 2026, representing year‑over‑year EPS growth of ~47%; ROTCE of 12.2% for the quarter.
Positive Operating Leverage and Expense Discipline
Delivered more than 700 basis points of positive operating leverage year‑over‑year; expenses up modestly 2.6% linked quarter with disciplined management and targeted implementation spend (~$6M).
Net Interest Income and Margin Expansion
Net interest income (NII) benefited from loan growth and margin expansion; net interest margin improved to 3.14% (up ~7 bps linked quarter) with NII guided to be up 3%–4% in Q2 and NIM targets of ~3.22%–3.28% in 4Q'26 and 3.30%–3.50% in 4Q'27.
Record Capital Markets and Fee Momentum
Noninterest income up 11% year‑over‑year; capital markets fees up ~34% YoY and the firm delivered a record first quarter in capital markets fees; wealth fees up 23% YoY (wealth fees +2% QoQ).
Deposit and Balance Sheet Strength
Average deposits up 1% quarter‑on‑quarter (~$1.5B) and up $8.6B YoY (+5%); noninterest‑bearing balances +3% QoQ and +11% YoY; total noninterest‑bearing + low‑cost deposits steady at 43%; CET1 ratio of 10.5% at quarter end.
Private Bank Momentum
Private Bank deposits reached $16.6B and loans $7.7B; total client assets $10.1B; Private Bank contributed $0.11 to EPS (up from $0.10 prior quarter) and delivered ROE in excess of 25%; opened 3 PBOs this quarter (9 total) with more offices planned.
Reimagine the Bank Program Progress
Reaffirmed $450M pretax P&L target by end of 2028; estimated ~ $100M of 2026 exit run‑rate benefit; early technology/AI pilots already producing vendor savings (~$30M projected) and call center/engineering productivity gains.
Prudent Credit & Portfolio Actions
Allowance for loan losses coverage ~1.52%; net charge‑offs improved to 39 bps (down from 43 bps prior quarter); continued reduction in CRE balances (‑4% QoQ, ‑16% YoY) and disciplined loan mix shift toward lower‑loss products.
Shareholder Returns
Returned ~ $500M to shareholders in Q1 (dividends ~$198M and share repurchases ~$300M); planned ~$225M in share repurchases for Q2 while maintaining CET1 guidance (~10.5%–10.6%).
CFG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CFG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 16, 2026 | $65.19 | $64.41 | -1.20% |
Jan 21, 2026 | $59.39 | $63.61 | +7.11% |
Oct 15, 2025 | $50.98 | $50.88 | -0.19% |
Jul 17, 2025 | $45.83 | $47.63 | +3.94% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Citizens Financial (CFG) report earnings?
Citizens Financial (CFG) is schdueled to report earning on Jul 16, 2026, Before Open (Confirmed).
What is Citizens Financial (CFG) earnings time?
Citizens Financial (CFG) earnings time is at Jul 16, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CFG EPS forecast?
CFG EPS forecast for the fiscal quarter 2026 (Q2) is 1.23.