Citizens Financial Targeting About $450 Million Pre-Tax Runrate Benefit By Year-End 2028

July 16 (Reuters) - Citizens Financial Group Inc CFG.N:

• Citizens Financial outlook Q3 NII up 2.5-3.5% versus Q2 - presentation
• Citizens Financial: outlook Q3 2026 CET1 ratio about 10.5% versus Q2 - presentation
• Citizens Financial: continuing favorable credit trends across net charge-offs and other credit metrics
• Citizens Financial: outlook Q3 2026 share repurchases about $125 million
• Citizens Financial: positioned to generate about 600+ bps of positive operating leverage in FY2026
• Citizens Financial: well positioned to deliver 16 to 18% ROTCE by end of 2027 given strategic initiatives and NII tailwinds
• Citizens Financial: expect NII above guidance range & fees towards high end; expenses slightly higher given strong revenue performance for FY2026
• Citizens Financial: expect minimal EPS impact in 2026 as start-up costs offset in-year benefits
• Citizens Financial: targeting about $450 million pre-tax runrate benefit by year-end 2028

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