What factors drove the changes in Citizens Financial Group's revenue and profit?

Did Citizens Financial Group beat or miss consensus estimates last quarter?

What is Citizens Financial Group's latest dividend and current dividend yield?

What is the market's earnings forecast for Citizens Financial Group next quarter?

What were the key takeaways from Citizens Financial Group's earnings call?

What is Citizens Financial Group's gross profit margin?

What were the key takeaways from Citizens Financial Group’s earnings call?

What guidance did Citizens Financial Group's management provide for the next earnings period?

- **Record Q3 results**: EPS up 14% QoQ to $1.05, driven by 3.5% NII growth, 5% fee growth, and 3% operating leverage. Capital Markets had its second-best quarter.
- **Private Bank breakout**: Deposits $12.5B (up $3.8B QoQ), loans $5.9B, AUM $7.6B. Business now breakeven since launch, targeting 20%+ ROE.
- **Strategic momentum**: Reimagine the Bank to deliver $400M+ run-rate benefits by 2028. 2026 EPS growth guided by operating leverage and credit stability.
- **Credit resilience**: NCOs 46 bps (down 2 bps QoQ), CET1 10.7%, strong reserves (12.4% coverage on general office). Private credit exposure in high-quality structures.
- **Margin expansion**: Q4 NIM 3.05%, medium-term target 3.25%-3.50%. Time-based benefits (noncore runoff, repricing) offset asset sensitivity.


**【CEO Summary Section】**
- **Strong financial performance**: Q3 EPS of $1.05, up 14% sequentially, driven by 3.5% NII growth, 5 bps NIM expansion, and 5% fee growth. Capital Markets had its second-highest quarterly performance.
- **Private Bank momentum**: Deposits reached $12.5B (up $3.8B QoQ), loans $5.9B, and AUM $7.6B. The business is on track to exceed 2025 target of 5% EPS contribution.
- **Strategic initiatives**: Reimagine the Bank aims to deliver $400M+ run-rate benefits by 2028, with net benefits starting in 2027. Leadership refresh continues with Don McCree's planned retirement.
- **2026 outlook**: Expect continued EPS growth via operating leverage, credit stability, and share buybacks. CET1 ratio at 10.7%, LDR 78.3%.

**【CFO Financial Commentary】**
- **Revenue drivers**: PPNR up 9% QoQ, Capital Markets record quarter, wealth fees growth. NIM 3.05% (up 5 bps), deposit beta 53%.
- **Expense management**: 3% positive operating leverage, efficiency ratio 63%. TOP 10 program on track for $100M annual savings.
- **Credit quality**: NCOs 46 bps (down 2 bps QoQ), allowance 1.56%, strong reserve coverage (12.4% for general office).
- **Balance sheet**: CET1 10.7%, $75M share buybacks. Noncore loans down $600M, CRE down 3% QoQ.

**【Q&A Highlights】**
- **Margin trajectory**: Q4 NIM expected 3.05%, medium-term target 3.25%-3.50%. Time-based benefits (noncore runoff, repricing) key drivers.
- **Private Bank confidence**: 2025 EPS contribution of $0.18 (7%), AUM $7.6B. 8 wealth lift-outs added, 500+ employees, targeting 20%-25% ROE.
- **Reimagine the Bank**: $400M+ run-rate benefits by 2028, with 2026 costs offset by fast-payback initiatives (e.g., vendor simplification, branch optimization).
- **Credit stability**: Consumer credit improving, C&I stable. Private credit exposure ($3.3B) in high-quality securitizations with strong collateral.
- **Loan growth**: Consumer (HELOCs, mortgage), Commercial (sponsor activity), Private Bank all contributing. Noncore runoff slowing.


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