Citizens Financial Group, Inc. reported a net income of $494 million for the third quarter of 2025, marking an increase of $112 million compared to the same period in 2024. For the nine months ending September 30, 2025, the company achieved a net income of $1.3 billion, up $195 million year-over-year. Earnings per diluted share rose to $1.05 for the third quarter and $2.74 for the nine-month period, reflecting increases of 36% and 25%, respectively, from the prior year. The bank's net interest income also saw growth, reaching $1.5 billion for the third quarter and $4.3 billion for the nine months, driven by a higher net interest margin and lower funding costs.
In terms of operational changes, Citizens Financial Group executed a significant transaction in the first quarter of 2025, agreeing to sell $1.9 billion of Non-Core education loans, which were subsequently reclassified to loans held for sale. This move is part of a broader strategy to streamline operations and focus on core banking activities. Additionally, the company increased its common share repurchase program capacity to $1.5 billion in June 2025, repurchasing $75 million and $475 million of its stock in the third quarter and year-to-date, respectively.
The bank's efficiency ratio improved to 63.03% for the third quarter of 2025, down from 66.23% in the same quarter of 2024, indicating better cost management relative to revenue generation. Citizens Financial Group's total assets increased to $222.7 billion as of September 30, 2025, up from $217.5 billion at the end of 2024. The company reported a tangible book value per common share of $36.73, a 14% increase from the end of the previous fiscal year, attributed to a reduction in common shares outstanding and an increase in tangible common equity.
Looking ahead, Citizens Financial Group anticipates continued growth in its core banking segments, supported by strategic initiatives and a focus on enhancing customer engagement. The company remains vigilant regarding economic conditions, including potential impacts from inflation and geopolitical tensions, which could affect its credit quality and overall financial performance. The management's outlook reflects confidence in navigating these challenges while pursuing opportunities for expansion and profitability.
About CITIZENS FINANCIAL GROUP INC/RI
Citizens Financial Group, Inc. is a bank holding company offering retail and commercial banking services across 14 U.S. states and the District of Columbia. Its core segments include Consumer Banking—providing deposits, lending, wealth management, and digital banking—and Commercial Banking, delivering lending, treasury, capital markets, and advisory services to businesses and institutions. Citizens emphasizes customer-centric solutions, multi-channel delivery, and risk management within a regulated financial services model.
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