CITIZENS FINANCIAL GROUP INC/RI — Form 8-K

Citizens Financial reported Q2 2026 diluted EPS of $1.30 (vs. $1.13 in Q1 2026, $0.92 in Q2 2025), with net income of $587M. Total revenue grew 5% QoQ to $2,283M; pre-provision profit rose 13% QoQ to $889M. NII increased 4.4% QoQ ($1,631M), with NIM expanding 3 bps to 3.17%; noninterest income grew 8% QoQ ($652M), driven by Capital Markets ($153M, record Q2) and Wealth fees ($102M, record). Private Bank deposits grew $17.8B (7% QoQ growth). Loans up 3% to $147.5B; deposits up 1% to $185.6B. Credit metrics improved: NCO ratio 37 bps (down 2 bps), nonaccrual loans down 4% to $1.4B (0.97% ratio). CET1 ratio 10.4%; tangible book value per share $38.29 (up 1% QoQ, 9% YoY). Quarterly dividend $0.46/share declared; $225M share repurchases in quarter.