Citizens Financial Group Reports Q1 2025 EPS of $0.77, Revenue of $1.94B, Net Income $373M, Reaffirms FY2025 Guidance

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Published Apr 16, 2025, 12:00 PM

Citizens Financial Group, Inc. reported its first quarter 2025 earnings, revealing a net income of $373 million and earnings per share (EPS) of $0.77, which slightly missed the consensus estimate of $0.79. The company's total revenue for the quarter reached $1.94 billion, aligning with expectations. Citizens Financial also noted an average deposit level of $172.71 billion, below the estimated $173.83 billion. The bank's net interest income was reported at $1.4 billion, surpassing the estimate of $1.39 billion. Additionally, the company reaffirmed its fiscal year 2025 guidance, despite macroeconomic challenges, and set a medium-term net interest margin target of 3.25% to 3.5%. Looking ahead, Citizens Financial anticipates a 3% increase in net interest income for the second quarter, with a projected rise in net interest margin of approximately 5 basis points. The common equity tier 1 (CET1) ratio is forecasted to be between 10.5% and 10.75%, with an expected tax rate of 20% to 21%. CEO Bruce Van Saun emphasized the bank's strategic progress and robust balance sheet amid ongoing market uncertainties.

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