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Mar 31, 2025
Citizens Q1 2025 Earnings Report
Citizens reported Q1 2025 results with net income of $373 million and EPS of $0.77.
Key Takeaways
Citizens Financial Group delivered solid Q1 2025 performance, aligned with expectations. While revenue slightly declined, strong progress was made on strategic initiatives, including a major non-core loan sale and significant deposit growth in the Private Bank segment.
Net income reached $373 million, with diluted EPS of $0.77.
Total revenue came in at $1.935 billion, slightly down from last quarter.
Citizens completed a $200 million settlement as part of a $1.9 billion non-core education loan sale agreement.
Private Bank deposits rose $1.7 billion QoQ to $8.7 billion, highlighting strong traction in strategic growth areas.
Forward Guidance
Management expects to navigate upcoming uncertainties with strong capital and liquidity positions while continuing momentum in strategic growth initiatives.
Positive Outlook
- Strong liquidity profile with a loan-to-deposit ratio of 77.5%
- Execution of ~$1.9B Non-Core loan sale to free up capital
- Robust growth in Private Bank deposits
- Stable CET1 capital ratio of 10.6%
- Continued focus on strategic build-out of Private Wealth
Challenges Ahead
- Revenue decline driven by seasonal and market-related fee softness
- Noninterest income pressured by weak M&A activity
- Higher noninterest expense due to seasonal payroll costs
- Flat to declining commercial loan demand from market conditions
Historical Earnings Impact
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Avg. Return Before/After Earnings
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