Earnings Report - Citizens Financial Group, Inc. is set to release its third-quarter earnings results on October 15, with analysts expecting earnings of $1.03 per share, an increase from 79 cents per share in the same period last year [1] - The company projects quarterly revenue of $2.1 billion, compared to $1.9 billion a year earlier [1] Recent Performance - On July 17, Citizens Financial reported better-than-expected second-quarter financial results, leading to a 2% increase in share price, closing at $50.25 [2] Analyst Ratings - B of A Securities upgraded the stock from Neutral to Buy, raising the price target from $52 to $65 [4] - UBS maintained a Buy rating and increased the price target from $57 to $62 [4] - Evercore ISI Group maintained an Outperform rating and raised the price target from $57 to $61 [4] - Morgan Stanley upgraded the stock from Equal-Weight to Overweight, increasing the price target from $53 to $71 [4] - Citigroup maintained a Buy rating and raised the price target from $60 to $65 [4]

Core Insights - Citizens Financial Group, Inc. is set to release its third-quarter earnings results on October 15, with analysts expecting earnings of $1.03 per share, an increase from $0.79 per share in the same period last year [1] - The company projects quarterly revenue of $2.1 billion, up from $1.9 billion a year earlier [1] Recent Performance - On July 17, Citizens Financial reported better-than-expected second-quarter results, leading to a 2% increase in share price, closing at $50.25 [2] Analyst Ratings - B of A Securities upgraded the stock from Neutral to Buy, raising the price target from $52 to $65 [4] - UBS maintained a Buy rating and increased the price target from $57 to $62 [4] - Evercore ISI Group maintained an Outperform rating, raising the price target from $57 to $61 [4] - Morgan Stanley upgraded the stock from Equal-Weight to Overweight, increasing the price target from $53 to $71 [4] - Citigroup maintained a Buy rating and raised the price target from $60 to $65 [4]

Core Insights - Analysts expect Citizens Financial Group (CFG) to report quarterly earnings of $1.02 per share, reflecting a year-over-year increase of 29.1% and revenues of $2.1 billion, up 10.2% from the previous year [1] Earnings Estimates - The consensus EPS estimate has been revised down by 0.9% in the last 30 days, indicating a reassessment by covering analysts [2] - Revisions to earnings projections are crucial for predicting investor behavior and stock price performance [3] Key Financial Metrics - Analysts project an 'Efficiency Ratio' of 63.5%, improved from 66.2% in the same quarter last year [5] - The 'Book value per common share' is expected to reach $54.03, up from $51.25 a year ago [5] - The 'Return on average common equity' is estimated at 7.5%, compared to 6.1% in the same quarter last year [5] Charge-offs and Asset Balances - 'Net charge-offs' are expected to be $161.88 million, down from $192.00 million in the same quarter last year [6] - 'Average Balances - Total interest-earning assets' are projected at $197.27 billion, slightly up from $197.16 billion a year ago [6] Capital Ratios - 'Tangible book value per common share' is forecasted at $36.03, compared to $33.54 last year [7] - The 'Tier 1 Leverage Ratio' is expected to remain at 9.4%, consistent with the previous year [7] - The 'Tier 1 Capital Ratio' is projected at 11.9%, unchanged from the year-ago figure [7] Additional Metrics - Analysts forecast the 'Total Capital Ratio' to be 13.8%, slightly down from 13.9% last year [8] - 'Nonaccrual loans and leases' are estimated at $1.57 billion, down from $1.69 billion a year ago [8] - The 'Common Equity Tier 1 Capital Ratio (CET1 Capital Ratio)' is expected to remain at 10.6%, consistent with the previous year [8] - 'Total Noninterest Income' is projected to reach $608.73 million, up from $532.00 million last year [9] Stock Performance - Over the past month, shares of Citizens Financial Group have returned +0.2%, compared to a +3.5% change in the Zacks S&P 500 composite [9]

Core Insights - Citizens Financial Group, Inc. (CFG) is expected to report third-quarter 2025 results on October 15, 2025, with anticipated increases in earnings and revenues compared to the previous year [1][12][18] Financial Performance - CFG's net interest income (NII) is projected to rise by 3-4% in Q3 2025, supported by stable interest rates and controlled funding costs, with the Zacks Consensus Estimate at $1.49 billion, reflecting a 3.4% increase from the prior quarter [4][12] - The average interest-earning assets are estimated at $197.3 billion, indicating a slight rise from the previous quarter [6] - The consensus estimate for third-quarter revenues is pegged at $2.10 billion, representing a 10.2% increase from the year-ago figure [18] Income Sources - Non-interest income is expected to be impacted negatively by lower mortgage banking fees, with the Zacks Consensus Estimate at $60.9 million, a decline of 16.6% from the prior quarter [8] - Trust and investment services fees are projected to increase by 4% to $91.6 million due to heightened market activity [9] - Capital markets fees are expected to rise significantly by 24.3% to $130.6 million, supported by increased deal-making activities [11] Expenses and Asset Quality - CFG anticipates a rise in adjusted non-interest expenses by 1%-1.5% due to expansion and technological investments [14] - The Zacks Consensus Estimate for non-accrual loans is $1.57 billion, indicating a sequential rise of 3.3% [16] Earnings Expectations - CFG has an Earnings ESP of +0.09%, suggesting a favorable outlook for an earnings beat [17] - The consensus estimate for third-quarter earnings is $1.02 per share, reflecting a 29.1% increase from the year-ago figure [18]

Core Insights - Citizens Financial Group appointed Ted Swimmer as the head of commercial banking, effective immediately, succeeding Don McCree who served for 10 years [1][2] - Swimmer has been with Citizens since 2010 and was previously the head of capital markets and advisory [2] - McCree will continue to chair the bank's commercial-banking arm until his retirement in March 2026 [1] Leadership Transition - Ted Swimmer has built a strong Capital Markets and Advisory business at Citizens, providing clients with excellent ideas and solutions [2][3] - Citizens CEO Bruce Van Saun expressed confidence in Swimmer's leadership capabilities and looks forward to further growth in the Commercial Bank [3] McCree's Contributions - Don McCree is credited with building a well-positioned commercial bank that competes effectively with larger institutions while offering personalized services [4] - Under McCree's leadership, the bank has the largest M&A pipeline it has ever had, with several transactions expected to close in the second and third quarters [4] - The bank's focus on smaller, middle-market transactions has provided it with a level of immunity to larger market challenges [5]

Core Insights - Citizens Financial Group's (CFG) net interest income (NII) has shown steady growth with a CAGR of 5.3% from 2019 to 2024, but it declined to $2.83 billion in the first half of 2025 [1][7] - The Federal Reserve's recent rate cuts are expected to support NII growth, with a reduction of 25 basis points to 4.00–4.25% in September 2025, and potential for two more cuts by year-end [2] - Management projects NII growth of 3–5% in 2025 compared to $5.6 billion in 2024, with an expected improvement in net interest margin (NIM) from 2.85% to 3.0% [3][7] Peers' Performance - Flagstar Financial has experienced volatility in NII, with a four-year CAGR of 18.3% ending in 2024, and a 29.8% decline to $829 million in the first half of 2025, but expects NII between $1.70 billion and $1.75 billion for 2025 [5] - Webster Financial has maintained strong NII growth with a five-year CAGR of 19.6% ending in 2024, reporting $1.2 billion in NII for the first half of 2025, up 8.2% year over year, and projects NII of $2.47–$2.50 billion for 2025 [6]

Core Viewpoint - Citizens Financial Group, Inc. has announced the redemption of its outstanding 4.300% Fixed-Rate Subordinated Notes, which are due on December 3, 2025, with a redemption date set for November 3, 2025 [1][2]. Group 1: Redemption Details - The redemption price for the subordinated notes will be 100% of the principal amount plus any accrued and unpaid interest up to the redemption date [1]. - Holders of the notes will receive a notice regarding the redemption, including the redemption price and further instructions [2]. Group 2: Company Overview - Citizens Financial Group, Inc. is one of the oldest and largest financial institutions in the U.S., with total assets amounting to $218.3 billion as of June 30, 2025 [3]. - The company provides a wide range of banking products and services, including retail and commercial banking, wealth management, and small business offerings [3]. - Citizens operates approximately 3,000 ATMs and around 1,000 branches across 14 states and the District of Columbia [3].

Growth Drivers - Citizens Financial 的增长由财富管理业务和资本市场复苏推动 [1] Leadership Perspective - CEO Bruce Van Saun 指出 Citizens Financial 的增长动力 [1]

Group 1 - Citizens Financial Group, Inc. (CFG) will report its third quarter 2025 earnings on October 15, 2025, with a live conference call scheduled for 9:00 am ET [1] - The company has $218.3 billion in assets as of June 30, 2025, making it one of the nation's oldest and largest financial institutions [2] - Citizens offers a wide range of retail and commercial banking products and services, including mobile and online banking, with approximately 3,000 ATMs and 1,000 branches across 14 states and the District of Columbia [2] Group 2 - In Consumer Banking, Citizens provides a full range of banking, lending, savings, wealth management, and small business offerings [2] - In Commercial Banking, Citizens offers financial products and solutions such as lending, leasing, deposit and treasury management services, and risk management solutions [2]

Core Insights - Citizens Financial Group, Inc. (CFG) is valued at a market cap of $23 billion and has approximately $220 billion in assets, with nearly 1,000 branches and a diverse range of banking operations [1] - The bank is expected to report a profit of $1.02 per share for fiscal Q3 2025, reflecting a 29.1% increase from $0.79 per share in the same quarter last year [2] - Analysts project CFG's profit for fiscal 2025 to be $3.81 per share, a 17.6% increase from $3.24 in fiscal 2024, with further growth expected to $4.95 per share in fiscal 2026 [3] Performance Metrics - CFG's stock has increased by 31.7% over the past 52 weeks, outperforming the S&P 500 Index's 15.6% rise and the Financial Select Sector SPDR Fund's 19.6% return during the same period [4] - On September 17, 2025, CFG announced a reduction in its prime lending rate from 7.50% to 7.25%, which is anticipated to lower borrowing costs for customers and positively impact investor sentiment, resulting in a more than 2% increase in CFG shares [5] Analyst Ratings - Wall Street analysts maintain a highly optimistic outlook on CFG's stock, with a "Strong Buy" rating overall; among 24 analysts, 16 recommend "Strong Buy," 2 suggest "Moderate Buy," and 6 indicate "Hold" [6] - The mean price target for CFG is set at $56.23, suggesting a potential upside of 5.3% from current levels [6]