Citizens Financial Group Declares $0.46 Quarterly Dividend
Citizens Financial Group Inc. (NYSE: CFG), a regional banking franchise, announced a $0.46 per share quarterly dividend payable in May. The bank reported strong first-quarter results with diluted earnings per share of $1.13.
Citizens Financial Group Inc. (NYSE: CFG), a regional banking franchise, declared a quarterly common stock dividend of $0.46 per share. The board approved the payment, which will go to shareholders of record at the close of business on April 30, 2026. Read more dividend announcements.
The dividend will be paid on May 14, 2026. The announcement came alongside the company's first-quarter 2026 earnings release.
| Dividend Details | Date |
|---|---|
| Amount per Share | $0.46 |
| Record Date | April 30, 2026 |
| Payment Date | May 14, 2026 |
| Frequency | Quarterly |
First Quarter Financial Performance
Citizens reported net income of $517 million for the first quarter of 2026, translating to diluted earnings per share of $1.13. That represents a 47% increase from $0.77 per share in the first quarter of 2025, though net income dipped 2% from the prior quarter's $528 million.
Total revenue reached $2.17 billion in the quarter, up 12% year-over-year and roughly flat sequentially. Net interest income rose to $1.56 billion, a 12% increase from the year-ago period, while noninterest income totaled $606 million.
The bank's net interest margin on a fully taxable equivalent basis expanded to 3.14%, up 7 basis points from the fourth quarter and 24 basis points from a year earlier. Return on average tangible common equity stood at 12.2% for the quarter.
Balance Sheet Metrics
Period-end loans and leases totaled $143.7 billion, up from $137.6 billion a year ago. Deposits reached $184.0 billion at quarter-end, compared to $177.6 billion in the first quarter of 2025. The loan-to-deposit ratio stood at 78.1%.
The net charge-off ratio improved to 0.39%, down from 0.58% in the year-ago quarter. Citizens set aside $140 million for credit losses during the quarter, compared to $153 million a year earlier.
The bank's common equity tier 1 capital ratio was 10.5% at quarter-end. Tangible book value per share came in at $37.94, compared to $33.97 a year ago.
Chairman and CEO Bruce Van Saun said the company got off to a strong start in 2026 despite heightened geopolitical tensions and macro uncertainty. He noted positive operating leverage of 7% and cited favorable credit trends and continued growth in the Private Bank division.