Citizens Financial Group (CFG) official guidance

The charge-off level is expected to be stable to down slightly, and we should end the third quarter with CET1 at approximately 10.5%, including share repurchases of about $125 million.

The charge-off level is expected to be stable to down slightly, and we should end the third quarter with CET1 at approximately 10.5%, including share repurchases of about $125 million.

As we go through this year as well as through the quarters of next year, you will see that our efficiency ratio keeps coming down, and it would be probably in the mid-50s range as it's like.

We provide our outlook for the third quarter, which contemplates the Fed holding rates steady. We expect net interest income to be up in the range of 2.5%-3.5%, driven by continued expansion in net interest margin and earning asset growth.

Non-interest income is expected to be up approximately 1%, led by capital markets and wealth.

We have seven or so planned for next year.

We are projecting expenses to be stable to up slightly.

Revenue is trending above our initial guidance range, which combined with expense discipline, puts us on track to deliver over 600 basis points of positive operating leverage for the full year.

We've opened 10 PBOs. We're projecting that to be in the 15-16 range by the end of 2027.

We expect to exit 2026 with about $100 million of annualized pre-tax benefit, doubling that in 2027 and reaching about $450 million as we exit 2028.

We expect to exit 2026 with about $100 million of annualized pre-tax benefit, doubling that in 2027 and reaching about $450 million as we exit 2028.

We expect to exit 2026 with about $100 million of annualized pre-tax benefit, doubling that in 2027 and reaching about $450 million as we exit 2028.

Looking out further, we see a clear path to achieving our 16%-18% ROTCE target by the end of 2027.

The charge-off level is expected to be stable to down slightly, and we should end the third quarter with CET1 at approximately 10.5%, including share repurchases of about $125 million.

In fact, we expect inside of this calendar year, by the end of the year, we should have 25% of our calls answered by non-humans with the expectation that will ramp in 2027 to 50%.

In fact, we expect inside of this calendar year, by the end of the year, we should have 25% of our calls answered by non-humans with the expectation that will ramp in 2027 to 50%.

The charge-off level is expected to be stable to down slightly, and we should end the second quarter with CET1 in the range of 10.5%-10.6%, including share repurchases of about $225 million.

The charge-off level is expected to be stable to down slightly, and we should end the second quarter with CET1 in the range of 10.5%-10.6%, including share repurchases of about $225 million.

We've already got over $30 million in projected vendor saves for the year in the box with an expectation that that number goes up.

MDFI continues to grow somewhere in the range of 5% a year. There's still good opportunities both on the capital call line, the securitization business, and on the lending to the direct funds, and we expect that to continue to go around 5%.