Citizens Financial Group, Inc. (CFG)

The company now

Citizens Financial Group reported third-quarter 2026 net income of $636 million, up 29 percent from a year earlier, with diluted earnings per share of $1.41 1. Return on tangible common equity, profit measured against owners' capital after goodwill is removed, was 15.1 percent 1.

The company said the gain came mainly from a higher net interest margin 1. Net interest income rose 13 percent to $1.7 billion, and the margin, the gap between what loans and securities earn and what funding costs, widened 19 basis points to 3.19 percent 1. Wealth fees reached a record $109 million, and the Private Bank added $0.16 to earnings per share 1.

Tangible book value per share, owners' equity without goodwill, fell 6.6 percent to $35.78, which the company put down to higher long-term rates hurting its securities and swaps 1. The board raised the quarterly dividend 13 percent to $0.52 per share and lifted its share repurchase capacity to $1.95 billion 1.

An 8-K current report said the audit committee approved a change of auditor to PricewaterhouseCoopers from Deloitte & Touche on 28 October 2026 5. Deloitte's dismissal takes effect after its audit of the year ending 31 December 2026, and PwC is engaged for the year ending 31 December 2027 5.

Management says it is aiming for a return on tangible common equity of 16 to 18 percent by the end of 2027 2. It expects fourth-quarter net interest income to rise about 2.5 to 3 percent from the third quarter 2. The open question is whether the Private Bank and a technology program called Reimagine the Bank deliver that 2.

As of Nov 3, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.