Citizens Financial Group's first quarter 2026 EPS of $1.13 beats estimates, driven by Net Interest Margin expansion.

Citizens Financial Group reported first quarter 2026 revenue of $2.168 billion, nearly flat with expectations, and EPS of $1.13, beating analyst estimates. Net income for the quarter was $517 million, an increase of 39% year-over-year.

Key Highlights

• Net Interest Margin (NIM) expanded by 7 basis points sequentially to 3.14%, leading to Net Interest Income of $1.562 billion, up 1.6% from the prior quarter.
• The Private Bank segment continued its growth trajectory, contributing $0.11 to EPS and reaching spot deposits of $16.6 billion.
• Credit quality trends remained favorable as net charge-offs improved to 39 basis points, down 4 basis points sequentially and 19 basis points year-over-year.