Start 30 days free, no card. Full Pro access for a month, then decide. Start free

Top analysts & firms

All analyzed callsNot limited to the selected quarter · analysts and firms with 2 or more questions

What does “challenging” mean?

Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.

Most active analysts

Analyst	Firm	Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
Manan Gosalia	Morgan Stanley	8 questions · 0% challenging
Gerard Cassidy	RBC Capital Markets	7 questions · 0% challenging
Erika Najarian	UBS	7 questions · 0% challenging
John Pancari	Evercore ISI	6 questions · 0% challenging
Matt O'Connor	Deutsche Bank	6 questions · 0% challenging
Chris McGratty	KBW	6 questions · 0% challenging
Ebrahim Poonawala	Bank of America	5 questions · 0% challenging
Ryan Nash	Goldman Sachs	5 questions · 0% challenging
Ken Usdin	Autonomous Research	5 questions · 0% challenging
David Chiaverini	Jefferies	4 questions · 0% challenging

Most active firms

Firm	Analysts	Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
Morgan Stanley	1 analyst	8 questions · 0% challenging
UBS	1 analyst	7 questions · 0% challenging
RBC Capital Markets	1 analyst	7 questions · 0% challenging
Deutsche Bank	2 analysts	7 questions · 0% challenging
KBW	1 analyst	6 questions · 0% challenging
Evercore ISI	1 analyst	6 questions · 0% challenging
Autonomous Research	1 analyst	5 questions · 0% challenging
Bank of America	1 analyst	5 questions · 0% challenging

Quarter in detail

· FY2026 Q1

Macro Signals

↑Enterprise Spending↑Regulation Policy↑Credit

Citizens delivered Q1 EPS of $1.13 with a 12.2% RoTCE, posting record Q1 fees and over 700 basis points of operating leverage. The Private Bank now represented 10% of pretax income at a 25-plus percent ROE with $16.6 billion in deposits. Noninterest income was up 11% year-over-year with capital markets surging 34%. NIM expanded to 3.14%, and regulatory capital proposals could deliver approximately 10% RWA reduction.

Key Themes6

positive📊 company

Record Q1 Fees And 700bp+ Operating Leverage

EPS $1.13 with ROTCE 12.2%. NIM up 7bp QOQ to 3.14% and 24bp YOY. Best-ever Q1 fee result with capital markets up 34% YOY. YOY operating leverage exceeded 700bp. Noninterest income up 11% YOY. Expenses managed tightly.

Revenue GrowthMargin

positive📊 company

Private Bank Now 10% Of Pretax Income At 25%+ ROE

Contributing $0.11 to EPS (~10% of pretax income). Deposits reached $16.6 billion. Loans $7.7 billion with about $600 million of growth at a healthy spread of 4% over deposit costs. Opened 3 PBOs (total 9), targeting 25-30 long-term.

Revenue GrowthGeographic Expansion

positive📊 company

Reimagine The Bank Off To Solid Start

Reaffirmed $450M target by exit 2028. Estimating $100M in 2026 exit run rate. Over $30M in vendor saves already in the box. AI in production: 25% of calls by non-humans by year-end, 50% by end of period. Software development productivity 30% to 5-10x improvement in tests.

MarginInnovation

positive📊 company

One Citizens Cross-Enterprise Strategy Gaining Traction

Systematically finding ways to work across enterprise to serve successful business owners, investors, and entrepreneurs. Private bank, corporate bank, and consumer bank collaborating to deliver combined personal and corporate services.

DemandRevenue Growth

positive🌍 macro

Capital Proposals Could Deliver ~10% RWA Reduction

New regulatory proposals could deliver ~10% RWA reduction (110bp+ CET1 improvement). Net benefit after AOCI phase-in estimated at 30-50bp. ERBA approach under evaluation. SCB improvements also expected from upcoming stress test.

Regulation PolicyCapital Allocation

positive📊 company

Credit Quality Continues Favorable Trend

NCOs 39bp, down from 43bp. Non-accruals down modestly. ACL 1.52% essentially stable. Portfolio mix improving with lower loss content originations. Private bank zero credit losses since launch. Private credit exposure reviewed at granular level with confidence.

Credit

Q&A Topicsfrequency by quarter

	Margin	Demand	Credit	Geographic Expansion	Revenue Growth	Innovation & R&D	Cost Pressure	Capital Allocation
2024Q4	3	2	1	1			1
2025Q1	4	1	3		4		1	1
2025Q2	2	4	2	2	1	3	1	2
2025Q3	4	1	3	1	1	2	2	1
2025Q4	4	2	1	3	1	2	1	1
2026Q1	1	2	2	3	3	2	1	2

	'24Q4	'25Q1	'25Q2	'25Q3	'25Q4	'26Q1
Margin	3	4	2	4	4	1
Demand	2	1	4	1	2	2
Credit	1	3	2	3	1	2
Geographic Expansion	1		2	1	3	3
Revenue Growth		4	1	1	1	3
Innovation & R&D			3	2	2	2
Cost Pressure	1	1	1	2	1	1
Capital Allocation		1	2	1	1	2

Analyst Q&A10 analysts · 10 questions

Chris McGrattyKBW

Bruce, you expressed confidence getting into the the 16% to 18% range for the ROTCE by the end of next year. I guess, number one, what could make it perhaps a little sooner get into the range and m...

View in transcript →

David ChiaveriniJefferies

Commercial loan growth has been increasing nicely across the industry. So I was curious about how loan spreads are holding up in a competitive environment.

View in transcript →

Ebrahim Poonawala

View Financial Services sector trends →View Banks - Regional industry trends →

Key financials

FY2026 Q1 selectedReported GAAP figures from SEC filings

The table scrolls sideways. Swipe it, or select it and use the arrow keys.

Quarter	Revenue	Rev YoY	EPS	EPS YoY	Net margin
FY2024 Q4	$3.03B	-4.7%	$0.83	+144.1%	13.3%
FY2025 Q1	$2.90B	-7.4%	$0.77	+16.7%	12.9%
FY2025 Q2	$3.01B	-3.7%	$0.92	+17.9%	14.5%
FY2025 Q3	$3.09B	+0.5%	$1.05	+38.2%	16.0%
FY2025 Q4	$2.16B	+8.7%	$1.12	+34.9%	24.5%
FY2026 Q1Selected	$3.03B	+4.5%	$1.13	+46.8%	17.1%
FY2026 Q2	$3.19B	+6.3%	$1.30	+41.3%	18.4%

As stated by management

Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).

EPS: “EPS $1.13; ROTCE 12.2%; YoY EPS growth 47%; Private Bank contributing $0.11 to EPS (~10% pretax)”
Revenue: “NII up 1.6% QoQ (day count impact ~$22M); noninterest income up 11% YoY, best-ever Q1; capital markets up 34% YoY”
Guidance: “Full-year outlook remains broadly in line with the guide provided in January. NIM projected in the range of 322% to 328% in 4Q '26 and 330% to 350% in 4Q '27. Reimagine exit run rate ~$100M in 2026.”
Key metric: “NIM 3.14%; CET1 10.5%; NCOs 39bp; Private Bank deposits $16.6B, loans $7.7B, 25%+ ROE”

How this score was built

Base6Transcript+1EPS+1Guidance0Final8

Industry Peersas of Q1 2026

Banks - Regional

Company	Score	Rev YoY	Headline
CFG Citizens Financial Group	8	+4.5%	Citizens delivered Q1 EPS of $1.13 with a 12.2% RoTCE, posting record Q1 fees and over 700 basis points of operating leverage
FITB Fifth Third Bancorp	7	+25.8%	Fifth Third closed the largest acquisition in its history on February 1, and the Comerica addition drove revenue to $2.9 billion, up 33% year-over-year, with adjusted net income of $734 million, up 38%
HBAN Huntington Bancshares	7	+26.3%	Huntington delivered an outstanding first quarter, with GAAP EPS of $0.25 and adjusted EPS of $0.37, up 9% year-over-year excluding acquisition-related expenses and other notable items
KEY KeyCorp	9	+1.1%	KeyCorp delivered Q1 2026 EPS of $0.44, up 33% year-over-year, with revenue growing 10% and ROTCE exceeding 13% as NIM expanded to 2.87% on track for the 3%+ year-end target
MTB M&T Bank	7	+1.7%	M&T Bank delivered GAAP EPS of $4.13 with NIM expanding 2 basis points to 3.71% as fixed-rate asset repricing continued, while fee income grew 13% year-over-year with broad-based strength and C&I growth reached $1.5 billion driven by middle market utilization pickup
NU Nu Holdings Ltd.	8	+53.4%	Nu Holdings delivered record quarterly revenue of $5 billion and its highest-ever first-quarter net income of $871 million, up 41% year-over-year on an FX-neutral basis, as the customer base surpassed 135 million
PNC PNC Financial Services	8	+12.7%	PNC delivered $4.13 per share with NIM expanding to 2.95%, on a clear path toward 3%+, as organic loan growth hit a three-year high
RF Regions Financial Corporation	6	+0.5%	Strong Earnings Growth with Peer-Leading Returns
TFC Truist Financial	6	+0.4%	Truist delivered 25% EPS growth to $1.09 with 250 basis points of operating leverage, as investment banking produced its highest quarterly revenue since 2021
USB U.S. Bancorp	7	+4.7%	U.S

Shared themes this quarter

CFFIHBKEMTNUPNRFTFUS

Revenue growth

CFFIHBKEMTNUPNRFTF

Macro signal alignment

Enterprise Spending

↑ CFG FITB HBAN↑ KEY MTB↑ PNC↑ RF↑ TFC↑ USB

Consumer spending

FITB HBAN MTB↑ NU RF TFC USB

Top analysts & firms

Most active analysts

Most active firms

Pre-Earnings Brief

Corporate events

Quarter in detail

Q&A Topicsfrequency by quarter

Citizens Financial Group CFG

Score details · FY2026 Q1

Share price · trailing year

Key financials

As stated by management