(NYSE:CFG) shares climbed more than 4% in pre-market trading on Wednesday after the bank reported third-quarter earnings that topped Wall Street expectations.
The Providence-based lender posted adjusted earnings per share of $1.05, exceeding analyst estimates of $1.03 by $0.02. Management highlighted “excellent NII and fee growth” and a 3% sequential increase in positive operating leverage, with credit performance continuing to improve.
Citizens reported steady growth in both loans and deposits during the quarter, led by a strong showing from its Private Bank division. The firm also delivered its highest Capital Markets revenue since the fourth quarter of 2021, with a healthy deal pipeline supporting future performance.
“We are pleased to report very strong results for the third quarter, paced by excellent NII and fee growth, 3% sequential positive operating leverage, and credit results that continue to trend favorably,” said Chairman and CEO Bruce Van Saun. “Our Reimagine the Bank initiative continues to take shape and will positively contribute to delivery of our medium-term targets.”
In addition, the company announced a 9.5% increase in its quarterly dividend to $0.46 per share, up from the previous payout. The dividend will be distributed on November 12, 2025, to shareholders of record as of October 29, 2025.
As of September 30, 2025, Citizens Financial Group reported total assets of $222.7 billion. The bank operates around 1,000 branches and 3,100 ATMs across 14 states and the District of Columbia.
Citizens Financial Group stock price
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