Citizens Financial Group, Inc. has reported strong financial results for the third quarter of 2025, with a net income of $494 million and earnings per share (EPS) of $1.05. This represents a significant increase from the previous quarter, with EPS up by $0.13. The return on tangible common equity (ROTCE) also showed improvement, reaching 11.7% in the third quarter, up from 11.0% in the second quarter.
The company's pre-provision net revenue (PPNR) grew by 9% quarter-over-quarter (qoq), reaching $783 million in the third quarter. Net interest income (NII) increased by 3.5%, driven by a net interest margin (NIM) increase of 5 basis points to 3.00%. Additionally, total revenue rose to $2.118 billion, up by $81 million or 4% from the previous quarter.
On the balance sheet front, loans showed a 1% qoq growth on a spot basis, led by the strong performance of the private bank and retail. The period-end loan-to-deposit ratio decreased to 78.3% from 79.6% in the second quarter, reflecting a more favorable loan mix.
The bank's efficiency ratio improved by approximately 170 basis points to 63.0%, demonstrating enhanced operational efficiency. Furthermore, the net charge-offs decreased by 2 basis points qoq, indicating continuing favorable credit trends.
In terms of capital adequacy, the bank maintained a strong Common Equity Tier 1 (CET1) ratio of 10.7% and a tangible book value per share of $36.73, up by 4% qoq.
The company also declared a quarterly common stock dividend of $0.46 per share, marking a 9.5% increase compared to the prior quarter.
Following these announcements, the company's shares moved 3.08%, and are now trading at a price of $51.80. Check out the company's full 8-K submission here.
