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How Citizens Financial (CFG) makes money: Q3 2026 revenue breakdown
The quarter in brief
Revenue grew 9.6% y/y to $2.32B, pre-tax margin 34.6% vs 29.7%, net income $599M (+31.1% y/y).
Key growth driver: Net interest income — the fastest-growing revenue line: $1,675, +13% y/y. · by the Q3 2026 report
Net income available to common stockholders
$599M
up 31.1% y/y
Total revenue
$2,322M
up 9.6% y/y
Next report
not announced yet
How does Citizens Financial make money?
Citizens Financial brought in $2.32 billion of revenue in Q3 2026, up 9.6% year over year. The largest source was Net interest income: $1.68 billion, or 72% of the total, followed by Noninterest income ($647M, 28%). Net income for the quarter was $599 million, up 31.1% year over year.
Revenue by source, Q3 2026
- Net interest income$1.68B · 72% · +12.6%
- Noninterest income$647M · 28% · +2.7%
Shares of $2.32B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
All figures in $M.
| Line item | Amount and change |
|---|---|
| Net interest income | $1,675 · +12.6% |
| Noninterest income | $647 · +2.7% |
| Total revenue | $2,322 · +9.6% |
| Noninterest expense | $1,393 · +4.3% |
| Provision for credit losses | $125 · −18.8% |
| Income before income tax expense | $804 · +27.8% · 34.6% margin |
| Income tax expense | $168 · +24.4% · 20.9% effective rate |
| Preferred dividends/other | $37 · +0.0% |
| Net income available to common stockholders | $599 · +31.1% · $1.41/sh · 25.8% margin |
Verdict: revenue grew 9.6% y/y to $2.32B, pre-tax margin 34.6% vs 29.7%, net income $599M (+31.1% y/y).
Net interest margin (FTE) 3.19% vs 3.00% a year earlier; efficiency ratio 60.0% vs 63.0%; ROTCE 15.1%; CET1 10.5%; tangible book value per share $35.78; quarterly dividend raised to $0.52 from $0.46.
Source and notation
Source: Citizens Financial earnings release and its exhibits, 8-K EX-99 of 10/16/2026 (SEC EDGAR). Bank layout: total revenue = net interest income + noninterest income; noninterest expense and the provision for credit losses are deducted to reach pre-tax income; preferred dividends separate net income from net income available to common shareholders. The income statement lines were taken from the release by hand; the program found every figure in the release text and checked the accounting identities and the chart balance; SEC XBRL for this quarter is not published yet, so the XBRL check is pending.
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
- Net interest income rose 13% year over year to $1,675M as the net interest margin widened by 19 bps; average loans and leases grew to $147.4B from $140.0B, led by the Private Bank and retail.
- Noninterest income rose 3% to $647M: wealth fees grew 17% to $109M, while mortgage banking fees fell 29% to $35M and capital markets fees fell 10% to $149M.
- Credit: the provision for credit losses fell to $125M from $154M; net charge-offs were 0.37% of average loans vs 0.46% a year earlier, and the allowance covered 1.47% of loans.
- Preferred dividends and other of $37M include $4M of preferred stock early redemption costs; the board also raised the buyback capacity to $1.95 billion.
- Pre-tax income was $804M, a 34.6% margin vs 29.7% a year earlier.
- The effective tax rate was 20.9% vs 21.5% a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
Who runs the company now
As of 10/20/2026, per the company’s SEC filings: signatures on the latest report and leadership-change filings.
Positions: the company’s SEC filings. Spotted an error, or is this you and you’d like it corrected or removed? Contact us
How this is compiled
Who runs the company now comes from primary sources only: for US companies, the CEO and CFO signatures on the latest SEC report, and a separate board chair from the proxy statement (DEF 14A); for Russian and Kazakh issuers, the company website and its disclosures. We recheck weekly; if a name can’t be confirmed, or a leadership-change filing came out after the report, we don’t show it until it’s reviewed. History comes from proxy statements, disclosures, Wikipedia and Wikidata; years show when a term started and ended, “since” means the person is in office now. An outcome for a previous employer is shown only when the linked document states it.
Sources · 2
- SEC EDGAR: 10-Q 2026-08-03 · SEC EDGAR · 10/20/2026
- SEC EDGAR: 10-Q 2026-08-03 · SEC EDGAR · 10/20/2026
Citizens Financial — Citizens Financial Group is a U.S. bank holding company: through Citizens Bank it serves consumers, small businesses and corporate clients with deposits, loans, mortgages, wealth management and capital markets services, including its Private Bank.
Headquarters: Providence, Rhode Island.
Company guidance
Same quarter a year ago (ended December 31, 2025): revenue $2.157B, EPS (GAAP) $1.12
How we calculate
Year-ago figures are GAAP, from the company's SEC filings (XBRL); EPS is diluted.
CFG earnings history: past report dates
| Jul 16, 2026 Thu | 6:32 ambefore market open | Jun 30, 2026 | $2.3B+12% y/y | $1.30+41% y/y |
| Apr 16, 2026 Thu | 6:30 ambefore market open | Mar 31, 2026 | $2.2B+12% y/y | $1.13+47% y/y |
| Jan 21, 2026 Wed | 6:25 ambefore market open | Dec 31, 2025 | ≈$2.2B+9% y/y | ≈$1.12+35% y/y |
| Oct 15, 2025 Wed | 6:32 ambefore market open | Sep 30, 2025 | $2.1B+11% y/y | $1.05+36% y/y |
| Jul 17, 2025 Thu | 6:23 ambefore market open | Jun 30, 2025 | $2.0B+4% y/y | $0.92+18% y/y |
| Apr 16, 2025 Wed | 6:24 ambefore market open | Mar 31, 2025 | $1.9B−1% y/y | $0.77+18% y/y |
| Jan 17, 2025 Fri | 6:32 ambefore market open | Dec 31, 2024 | ≈$2.0B−0% y/y | ≈$0.83+131% y/y |
| Oct 16, 2024 Wed | 6:30 ambefore market open | Sep 30, 2024 | $1.9B−6% y/y | $0.77−9% y/y |
| Jul 17, 2024 Wed | 6:54 ambefore market open | Jun 30, 2024 | $2.0B−6% y/y | $0.78−15% y/y |
| Apr 17, 2024 Wed | 6:28 ambefore market open | Mar 31, 2024 | $2.0B−8% y/y | $0.65−35% y/y |
| Jan 17, 2024 Wed | 6:29 ambefore market open | Dec 31, 2023 | ≈$2.0B−10% y/y | ≈$0.36−71% y/y |
| Oct 18, 2023 Wed | 6:39 ambefore market open | Sep 30, 2023 | $2.0B−7% y/y | $0.85−31% y/y |
| Jul 19, 2023 Wed | 6:43 ambefore market open | Jun 30, 2023 | $2.1B+5% y/y | $0.92+37% y/y |
| Apr 19, 2023 Wed | 6:48 ambefore market open | Mar 31, 2023 | $2.1B+29% y/y | $1.00+8% y/y |
| Jan 17, 2023 Tue | 7:06 ambefore market open | Dec 31, 2022 | ≈$2.2B+28% y/y | ≈$1.26+8% y/y |
| Oct 19, 2022 Wed | 7:05 ambefore market open | Sep 30, 2022 | $2.2B+31% y/y | $1.23+4% y/y |
| Jul 19, 2022 Tue | 7:42 ambefore market open | Jun 30, 2022 | $2.0B+24% y/y | $0.67−53% y/y |
| Apr 19, 2022 Tue | 6:50 ambefore market open | Mar 31, 2022 | $1.6B−1% y/y | $0.93−32% y/y |
| Jan 19, 2022 Wed | 6:26 ambefore market open | Dec 31, 2021 | ≈$1.7B+1% y/y | ≈$1.17+18% y/y |
| Oct 20, 2021 Wed | 6:35 ambefore market open | Sep 30, 2021 | $1.7B−7% y/y | $1.18+74% y/y |
| Jul 20, 2021 Tue | 6:51 ambefore market open | Jun 30, 2021 | $1.6B−8% y/y | $1.44+172% y/y |
| Apr 16, 2021 Fri | 6:38 ambefore market open | Mar 31, 2021 | $1.7B+0% y/y | $1.37 |
| Jan 20, 2021 Wed | 6:31 ambefore market open | Dec 31, 2020 | ≈$1.7B+4% y/y | ≈$0.99+1% y/y |
| Oct 16, 2020 Fri | 7:01 ambefore market open | Sep 30, 2020 | $1.8B+9% y/y | $0.68−30% y/y |
| Jul 17, 2020 Fri | 8:28 ambefore market open | Jun 30, 2020 | $1.8B+7% y/y | $0.53−44% y/y |
| Apr 17, 2020 Fri | 8:21 ambefore market open | Mar 31, 2020 | $1.7B+4% y/y | $0.03−97% y/y |
| Jan 17, 2020 Fri | 6:45 ambefore market open | Dec 31, 2019 | ≈$1.6B+3% y/y | ≈$0.98+3% y/y |
| Oct 18, 2019 Fri | 6:33 ambefore market open | Sep 30, 2019 | $1.6B+5% y/y | $0.97+7% y/y |
| Jul 19, 2019 Fri | 6:40 ambefore market open | Jun 30, 2019 | $1.6B+8% y/y | $0.95+8% y/y |
| Apr 18, 2019 Thu | 6:49 ambefore market open | Mar 31, 2019 | $1.6B+9% y/y | $0.92+18% y/y |
| Jan 18, 2019 Fri | 7:56 ambefore market open | Dec 31, 2018 | ≈$1.6B+7% y/y | ≈$0.95−29% y/y |
| Oct 19, 2018 Fri | 8:37 ambefore market open | Sep 30, 2018 | $1.6B+8% y/y | $0.91+34% y/y |
| Jul 20, 2018 Fri | 7:24 ambefore market open | Jun 30, 2018 | $1.5B+8% y/y | $0.88+40% y/y |
| Apr 20, 2018 Fri | 7:17 ambefore market open | Mar 31, 2018 | $1.5B+6% y/y | $0.78+28% y/y |
| Jan 19, 2018 Fri | 7:08 ambefore market open | Dec 31, 2017 | ≈$1.5B+9% y/y | ≈$1.33+142% y/y |
| Oct 20, 2017 Fri | 7:55 ambefore market open | Sep 30, 2017 | $1.4B+5% y/y | $0.68+21% y/y |
| Jul 21, 2017 Fri | 7:26 ambefore market open | Jun 30, 2017 | $1.4B+9% y/y | $0.63+37% y/y |
| Apr 20, 2017 Thu | 6:56 ambefore market open | Mar 31, 2017 | $1.4B+12% y/y | $0.61+49% y/y |
| Jan 20, 2017 Fri | 6:55 ambefore market open | Dec 31, 2016 | ≈$1.4B+11% y/y | ≈$0.55+31% y/y |
| Oct 21, 2016 Fri | 7:13 ambefore market open | Sep 30, 2016 | $1.4B+14% y/y | $0.56+40% y/y |
| Jul 21, 2016 Thu | 7:04 ambefore market open | Jun 30, 2016 | $1.3B+7% y/y | $0.46+31% y/y |
| Apr 21, 2016 Thu | 7:39 ambefore market open | Mar 31, 2016 | $1.2B+4% y/y | $0.41+8% y/y |
| Jan 22, 2016 Fri | 7:08 ambefore market open | Dec 31, 2015 | ≈$1.2B+4% y/y | ≈$0.42+17% y/y |
| Oct 23, 2015 Fri | 7:11 ambefore market open | Sep 30, 2015 | $1.2B+4% y/y | $0.40+18% y/y |
| Jul 21, 2015 Tue | 6:58 ambefore market open | Jun 30, 2015 | $1.2B−19% y/y | $0.35−38% y/y |
| Apr 22, 2015 Wed | 7:28 ambefore market open | Mar 31, 2015 | $1.2B+1% y/y | $0.38+27% y/y |
| Jan 26, 2015 Mon | 7:07 ambefore market open | Dec 31, 2014 | ≈$1.2B+2% y/y | ≈$0.36+33% y/y |
| Oct 27, 2014 Mon | 7:35 ambefore market open | Sep 30, 2014 | $1.2B+1% y/y | $0.34+31% y/y |
Show all 48 reports since 2014Show fewer
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Companies that file the 8-K late in the evening publish the release the next morning: the date is that morning, before market open, and the evening filing time is not shown. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Citizens Financial: 14-year financials
| 2025 | 8,247 | 1,831 | — | 755 |
| 2024 | 7,809 | 1,509 | — | 769 |
| 2023 | 8,224 | 1,608 | — | 808 |
| 2022 | 8,021 | 2,073 | — | 779 |
| 2021 | 6,647 | 2,319 | — | 670 |
| 2020 | 6,905 | 1,057 | — | 672 |
| 2019 | 6,491 | 1,791 | 1,571 | 617 |
| 2018 | 6,128 | 1,721 | 1,535 | 471 |
| 2017 | 5,707 | 1,652 | 1,630 | 322 |
| 2016 | 5,255 | 1,045 | 1,352 | 241 |
| 2015 | 4,824 | 840 | 1,108 | 214 |
| 2014 | 4,979 | 865 | 1,249 | 806 |
| 2013 | 4,690 | −3,426 | 2,489 | 1,200 |
| 2012 | 4,894 | 643 | 1,536 | 150 |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP)*.
How we calculate
Figures are annual report lines; if a year was later restated (discontinued operations, mergers), we use the latest filing that shows it. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing. History starts in 2012: earlier years aren’t in the company’s SEC filings (it’s younger or was spun off).
Shareholders’ equity at Jun 30, 2026: $26.2B (11% of total assets). Compare with other S&P 500 companies →
Included in screener lists: S&P 500 companies that paid dividends 10 years without a gap
Citizens Financial (CFG) earnings: FAQ
How does Citizens Financial make money?
Citizens Financial brought in $2.32 billion of revenue in Q3 2026, up 9.6% year over year. The largest source was Net interest income: $1.68 billion, or 72% of the total, followed by Noninterest income ($647M, 28%). Net income for the quarter was $599 million, up 31.1% year over year.
When is CFG's next earnings date?
We have not yet seen an announcement of the date from Citizens Financial (CFG). Based on last year's report on Jan 21, 2026, the next report is expected around Jan 20, 2027.
What time does CFG report earnings?
Citizens Financial usually reports before market open: its latest results release was filed with the SEC at 6:34 am ET on Oct 16, 2026.
When did CFG last report earnings?
Citizens Financial reported Q3 2026 results on Oct 16, 2026.
Where can I find Citizens Financial's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to CFG's filings; this page breaks the latest report down in a Sankey chart.
What was CFG's net income in Q3 2026?
Citizens Financial reported net income of $599M for Q3 2026 (+31.1% year over year), under US GAAP.
Does Citizens Financial pay dividends?
Yes. In 2025, Citizens Financial paid $755M in dividends on its common stock, per its 10-K. Earlier years are in the 14-year table above.
How has Citizens Financial's revenue changed since 2012?
Per its 10-K filings, revenue grew 1.7x: $4,894M in 2012 and $8,247M in 2025. The latest year is the highest in the table. Year-by-year figures are in the table above.
New to earnings reports? Start with how to read an earnings report.
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