Citizens Q3 2026: EPS $1.41, net income up 28.7% to $636 million
Citizens beat on both lines and grew net income 28.7% year over year to $636 million, with EPS of $1.41 a cent above the $1.40 consensus. Read the quarter through operating leverage — revenue of $2.32 billion rose 9.6% while expenses stayed flat at $1.39 billion — and through a lower tax rate that flattered the bottom line. Credit and tangible book value are the two open questions.
1 · Expected vs. Actual
Free preview belowDiluted EPS of $1.41 beat the $1.40 consensus by roughly a cent and rose 34.3% from $1.05 a year ago. Part of that came from below the operating line: the effective tax rate fell to 20.9% from 22.3% on discrete tax benefits. Strip out the tax help and the beat is thinner than the headline 28.7% net income growth suggests.
Revenue was $2.32 billion, up 9.6% from $2.12 billion a year ago and 1.7% from the second quarter, with net interest income of $1.68 billion doing the heavy lifting on a 3.19% net interest margin. Fees were the soft spot: noninterest income of $647 million slipped 1.0% sequentially as capital markets and mortgage fees fell, even though wealth fees hit a record $109 million. The raw data feed keys revenue at $462 million, which matches the fee lines rather than the top line — use the $2.32 billion release figure.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
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