---
title: "Citizens Financial Group posts Q2 net income $587M, EPS $1.30; launches proposed preferred stock offering"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293341716.md"
description: "Citizens Financial Group reported Q2 net income of $587 million and diluted EPS of $1.30, with total revenue reaching $2.283 billion. The bank launched a proposed Series J preferred stock offering to potentially redeem its Series G shares. Key metrics included a return on tangible common equity of 13.9% and pre-provision net revenue growth of 13% quarter-over-quarter."
datetime: "2026-07-21T12:23:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293341716.md)
  - [en](https://longbridge.com/en/news/293341716.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293341716.md)
generator: "portal-rs"
---

# Citizens Financial Group posts Q2 net income $587M, EPS $1.30; launches proposed preferred stock offering

**Citizens Financial Group reported Q2 net income of $587 million and diluted EPS of $1.30 while launching a proposed Series J preferred stock offering.**

**Key Highlights:**

-   Second-quarter net income $587M; diluted EPS $1.30 and ROTCE 13.9%, signaling improved profitability.
-   Total revenue $2.283B; pre-provision net revenue $889M, up 13% QoQ, driven by NII and fees growth.
-   Net interest income $1.631B (up 4.4% QoQ); NIM 3.17% (up 3 bps QoQ, 22 bps YoY).
-   Loans $147.5B and deposits $185.6B (average deposits $183.6B); spot LDR 79.5% and ACL coverage 1.48%.
-   Launched proposed offering of Series J preferred stock to potentially redeem Series G upon pricing; proceeds intended for redemption if priced and closed.

Original SEC Filing: CITIZENS FINANCIAL GROUP INC/RI \[ CFG \] - 8-K - Jul. 21, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**