Citizens Financial Group Reports 19% Q2 EPS Increase, Achieves Private Banking Milestones, and Reaffirms Full-Year Targets.

Citizens Financial Group reported Q2 2025 EPS of $0.92, up 19% from the prior quarter, driven by 3.3% net interest income growth and 10% fee income growth. The company executed $200 million in share repurchases and achieved record private bank loan growth of $1.2 billion. Management reaffirmed full-year and medium-term targets, including a 16%-18% return on tangible common equity for 2025 and beyond. The private bank segment posted record performance, adding $1.2 billion in loans and growing assets under management to $6.5 billion. A multiyear "reimagining the bank" program leveraging AI and differentiated success in HELOC and private banking featured prominently in management's commentary.

Citizens Financial Group Inc. (NYSE: CFG) reported robust financial results for the second quarter of 2025, with earnings per share (EPS) of $0.92, up 19% from the prior quarter. The company's net interest income (NII) grew by 3.3%, driven by a 5 basis point expansion in net interest margin (NIM) to 2.95%, and fee income increased by 10%. The company executed $200 million in share repurchases and achieved record private bank loan growth of $1.2 billion, contributing to a strong quarter.

The private bank segment posted record performance, adding $1.2 billion in loans and growing assets under management to $6.5 billion. This growth contributed $0.06 to EPS, up from $0.04 in the previous quarter. The company's capital position remains strong, with a CET1 ratio of 10.6%, and management reaffirmed full-year and medium-term targets, including a 16%-18% return on tangible common equity (ROTCE) for 2025 and beyond.

Citizens Financial Group also launched a multiyear "reimagining the bank" program, leveraging AI and differentiated success in HELOC and private banking. This initiative aims to overhaul operating models, customer engagement, technology, and talent, positioning the company as a technology-forward regional bank.

Looking ahead, management guided for net interest income to increase approximately 3% to 4% in the third quarter, with NIM increasing by roughly five basis points, noninterest income up low single digits, and expenses rising 1%-1.5%. The company expects positive operating leverage for a second consecutive quarter.

References:
[1] https://finance.yahoo.com/news/citizens-financial-group-inc-cfg-071036974.html
[2] https://www.mitrade.com/insights/news/live-news/article-8-970835-20250719