Citizens Financial (US:CFG)2026-01-21 11:25Financial Performance - Total revenue for Q4 2025 reached $2,157 million, a 2% increase from Q3 2025 and a 9% increase from Q4 2024[5]. - Net income for Q4 2025 was $528 million, reflecting a 7% increase from Q3 2025 and a 32% increase from Q4 2024[5]. - Basic earnings per share for Q4 2025 were $1.14, an 8% increase from Q3 2025 and a 37% increase from Q4 2024[5]. - The company reported a full-year revenue of $8,247 million, a 6% increase compared to $7,809 million in 2024[5]. - The full year 2025 net income was $1,831 million, representing a growth of $322 million or 21% compared to 2024[8]. - Total revenue for Q4 2025 reached $2,157 million, an increase of 1.86% from Q3 2025 and 8.57% year-over-year[29]. - Net income for Q4 2025 was $528 million, a 7% increase from Q3 2025 and a 28% increase compared to the same quarter last year[28]. Expenses and Efficiency - Noninterest expense for Q4 2025 was $1,343 million, a slight increase of 1% from Q3 2025[5]. - Noninterest expense for Q4 2025 was $1,343 million, reflecting a slight increase of 0.58% from Q3 2025 and 1.46% year-over-year[29]. - The efficiency ratio improved to 62.24% in Q4 2025, a decrease of 79 basis points from Q3 2025[6]. - The underlying efficiency ratio improved to 62.24% in Q4 2025, down from 63.03% in Q3 2025, indicating enhanced operational efficiency[29]. Income and Profitability Metrics - The provision for credit losses decreased to $137 million in Q4 2025, down 11% from Q3 2025 and 15% from Q4 2024[5]. - The company achieved a pre-provision profit of $814 million in Q4 2025, a 4% increase from Q3 2025[5]. - Return on average common equity reached 8.16% in Q4 2025, a 39 basis point increase compared to Q4 2024[6]. - Return on average total assets was 0.95% in Q4 2025, up from 0.90% in Q3 2025, indicating improved asset utilization[29]. - Return on average tangible common equity was 12.18% in Q4 2025, an increase of 43 basis points from Q4 2024[6]. Assets and Capital - Total assets increased to $226.351 billion as of December 31, 2025, up 2% from $222.747 billion in the previous quarter[9]. - Total stockholders' equity rose to $26.317 billion, a 2% increase from $25.829 billion in the previous quarter[9]. - CET1 capital ratio stood at 10.6% at the end of Q4 2025, consistent with Q3 2025[6]. - Total capital ratio was 13.8% at the end of Q4 2025, down from 13.9% in Q3 2025[6]. - Total tangible common equity increased to $16.341 billion, reflecting a 3% rise from $15.848 billion in the previous quarter[9]. Loans and Deposits - Total deposits reached $183.313 billion, a 2% increase from $180.011 billion in the previous quarter[10]. - Loan-to-deposit ratio at period-end was 77.84%, a decrease of 42 basis points from Q3 2025[6]. - Net loans and leases rose to $140.749 billion, reflecting a 1% increase from $138.898 billion in the prior quarter[9]. - Total loans and leases reached $141,757 million in 4Q25, an increase of $1,746 million compared to 3Q25[11]. Segment Performance - Total revenue for Consumer Banking was $1,614 million in Q4 2025, a 3% increase from Q3 2025 and a 7% increase year-over-year[14]. - Net income for Consumer Banking was $411 million in Q4 2025, representing a 7% increase from Q3 2025 and a 15% increase from Q4 2024[14]. - Total revenue for the Commercial Banking segment in Q4 2025 was $712 million, down 3% from Q4 2024, with a full-year revenue of $2,773 million, a decline of 3% from 2024[16]. - Net income for the Commercial Banking segment in Q4 2025 was $215 million, a decrease of 13% from Q4 2024, with a full-year net income of $865 million, down 11% from 2024[16]. Credit Quality - The allowance for loan and lease losses decreased to $1.943 billion, down from $1.972 billion in the prior quarter[9]. - Nonaccrual loans and leases totaled $1,504 million as of December 31, 2025, a decrease of 1% from the previous quarter and down 10% from December 31, 2024[19]. - The net charge-offs for the Commercial Banking segment were $70 million in Q4 2025, down 10% from Q3 2025, with a full-year total of $309 million, a decrease of 12% from 2024[16]. Dividends - The dividend payout ratio for Q4 2025 was 40%, consistent with Q3 2025[5]. - Cash dividends declared and paid per common share increased to $0.46, a 10% rise from $0.42 in Q3 2025[30].