EUR/USD likely to find a peak near 1.25: UBS
PROVIDENCE, R.I. - Citizens Financial Group, Inc. (NYSE:CFG) reported second quarter earnings that exceeded analyst expectations on Thursady.
The company’s shares were down 2.90% in premarket trading following the results.
The Providence-based bank posted adjusted earnings per share of $0.92, beating the analyst estimate of $0.88 by $0.04. Revenue came in at $2.04 billion, surpassing the consensus estimate of $2.01 billion and showing sequential growth with net interest income up 3% and fee income increasing 10% from the previous quarter.
Citizens Financial Group demonstrated positive operating leverage of approximately 5% in the quarter, reflecting the company’s focus on expense management while growing revenue streams. The bank reported total assets of $218.3 billion as of June 30, 2025.
"We are pleased to report strong results today that came in ahead of expectations, paced by strong NII and fee growth, disciplined expense management, and credit results that are trending favorably," said Chairman and CEO Bruce Van Saun. "We are well-positioned to have a strong second half of the year and to sustain that momentum into the medium-term."
The company noted that some significant merger and acquisition advisory fees expected in the second quarter were pushed to July, but this was offset by strong performance across other fee categories.
Citizens Financial Group also announced that its board of directors declared a quarterly common stock dividend of $0.42 per share, payable on August 14, 2025, to shareholders of record as of July 31, 2025.
The bank highlighted progress on strategic initiatives, particularly the expansion of its Private Bank and Private Wealth management offerings.
Management also mentioned the launch of a new "Reimagining the Bank" initiative, which will become a multi-year program focused on leveraging new technologies to enhance customer service and improve operational efficiency.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.