# Citizens Financial Group Q3 2026 Earnings Report

> Citizens Financial Group reports record Q3 revenue and 34% year-over-year EPS growth with strong private bank expansion.
- Title: Citizens Financial Group Q3 2026 Earnings Report | Shortify
- Summary: Citizens Financial Group reports record Q3 revenue and 34% year-over-year EPS growth with strong private bank expansion. Citizens Financial Group reported…
- Keywords: citizens, cfg, private bank, net interest margin, reimagine the bank, rotce, dividend, share repurchase, finance, money, Financial, Group
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/16/citizens-cfg-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-16T17:09:47+00:00
- Read time: 2 min
- Topics: citizens, cfg, private bank, net interest margin, reimagine the bank, rotce, dividend, share repurchase, finance, money
## Q3 2026 Earnings Results
Citizens Financial Group reported record revenue of $2,322 million and net income of $636 million, a 29% year-over-year increase.
## Diluted EPS Growth
Diluted earnings per share rose to $1.41, up 34% year over year and 8.5% sequentially.
## Return on Equity Improvement
Return on average tangible common equity improved to 15.1% from 11.7% in Q3 2025.
## Net Interest Margin Expansion
Net interest margin grew to 3.19%, a 19 basis point year-over-year increase and 2 basis points sequentially.
## Private Bank Growth
Private Bank deposits reached $18.5 billion with 4% sequential growth and 30% noninterest-bearing demand deposits.
## Wealth Fees Record
Wealth fees hit a record $109 million, up 17% year over year driven by advisory fee growth.
## Capital Markets Fees
Capital markets fees totaled $149 million, reflecting higher M&A fees despite lower debt and equity underwriting.
## Reimagine the Bank Program
Reimagine the Bank program targets $100 million annualized pretax benefit by end of 2026, doubling to $225 million by 2027.
## Capital Strength
Common equity tier 1 capital ratio stood at 10.5%, placing Citizens at the top end of its medium-term target range.
## Dividend Increase
Quarterly dividend increased 13% to $0.52 per share, with share repurchase capacity raised to $1.95 billion.
## Net Interest Income Growth
Net interest income grew 13% year over year to $1,675 million, driven by margin expansion and interest-earning assets.
## Loan Growth
Average loans and leases grew to $147.4 billion with 1% sequential growth led by private bank and retail segments.
## Deposit Growth
Period-end deposits reached $185.2 billion, representing 3% year-over-year growth driven by private bank buildout.
## Mortgage Banking Fees
Mortgage banking fees decreased $13 million due to negative net MSR valuation from high mortgage rate volatility.
## Capital Markets Pipeline
Record M&A backlog entering Q4 with increasing deal quality and average fees per transaction.
## Q4 Guidance
Net interest income expected to grow 2.5% to 3% in Q4, with NIM targeting 3.23% to 3.26%.
## Key takeaway

Citizens Financial Group reported $636 million net income and $1.41 diluted EPS for Q3 2026, driven by net interest margin expansion and private bank growth.