Citizens Financial Group, Inc. (NYSE:CFG) revealed second-quarter earnings on Thursday that outperformed analyst forecasts. Despite the positive results, the company’s shares fell 2.90% in premarket trading.
The Providence-based bank reported adjusted earnings per share of $0.92, exceeding the consensus estimate of $0.88 by $0.04. Revenue reached $2.04 billion, beating the forecasted $2.01 billion and reflecting sequential growth driven by a 3% increase in net interest income and a 10% rise in fee income compared to the previous quarter.
Citizens Financial Group showed roughly 5% positive operating leverage during the quarter, demonstrating its commitment to managing expenses while expanding revenue. As of June 30, 2025, the bank held total assets of $218.3 billion.
“We are pleased to report strong results today that came in ahead of expectations, paced by strong NII and fee growth, disciplined expense management, and credit results that are trending favorably,” said Chairman and CEO Bruce Van Saun. “We are well-positioned to have a strong second half of the year and to sustain that momentum into the medium-term.”
The company also noted that certain sizable merger and acquisition advisory fees anticipated in Q2 were postponed until July, but this was balanced by robust performance in other fee segments.
Additionally, Citizens Financial Group’s board declared a quarterly dividend of $0.42 per common share, payable on August 14, 2025, to shareholders recorded as of July 31, 2025.
The bank emphasized progress in strategic priorities, especially the growth of its Private Bank and Private Wealth management divisions.
Management further highlighted the introduction of a new multi-year initiative, “Reimagining the Bank,” aimed at leveraging emerging technologies to enhance customer experience and boost operational efficiency.
Citizens Financial Group stock price
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