Citizens Financial reports higher third-quarter earnings and expands buyback

Citizens Financial reported third-quarter 2026 net income of $636 million, up 29% year over year, and diluted EPS of $1.41, up 34%, as revenue rose 10% to $2.32 billion and net interest income increased 13% to $1.68 billion. The board raised the quarterly dividend 13% to $0.52 per share, payable November 13, 2026, to shareholders of record October 30, and increased share-repurchase authorization to $1.95 billion; the company repurchased $125 million of stock in the quarter. Citizens expects fourth-quarter net interest income to rise about 2.5%-3%, noninterest income 4%-5%, and approximately $200 million of additional share repurchases, while net charge-offs are expected to remain stable or decline slightly.