Citizens Financial Group, Inc. has reported strong results for the second quarter of 2025, with net income of $436 million and earnings per share (EPS) of $0.92. This represents a significant increase from the first quarter of 2025, with EPS up by $0.15.
The company saw a 3% sequential growth in net interest income (NII) and a 10% increase in fee income. The positive operating leverage was approximately 5%, reflecting strong revenue performance and disciplined expense management.
Key financial data for the second quarter of 2025 includes a pre-provision net revenue (PPNR) of $718 million, up 16% from the first quarter. The net interest margin (NIM) increased by 5 basis points to 2.95%, and interest-earning assets were up by 1%.
Loans increased by 1% quarter-over-quarter, with growth across the private bank, commercial, and consumer segments. The net charge-offs decreased slightly by 48 basis points, and the allowance for credit losses (ACL) coverage remained strong at 1.59%.
Average deposits also showed a 1% increase quarter-over-quarter, with growth in lower-cost categories. The liquidity profile remained robust, with a spot loan-to-deposit ratio of 79.6% and a strong common equity tier 1 (CET1) ratio of 10.6%.
Comparing the second quarter of 2025 to the first quarter, the company declared a quarterly common stock dividend of $0.42 per share, reflecting confidence in its financial position and performance.
In terms of underlying financial metrics, diluted EPS was $0.92, up from $0.77 in the first quarter. Return on average tangible common equity (ROTCE) and return on average total tangible assets also showed significant improvements.
Following these announcements, the company's shares moved 0.6%, and are now trading at a price of $46.97. If you want to know more, read the company's complete 8-K report here.
