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Mar 31
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.
Citizens
Citizens
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
- Macro and policy-related uncertainty entering Q2