1) Strong Financial Performance
- EPS grew 15% sequentially and 41% year-on-year, reaching $1.30.
- ROTCE improved to 13.9%, up from 12.2% in the previous quarter.
- Net Interest Income (NII) increased by 4.4% sequentially and 14% year-on-year, driven by net interest margin (NIM) expansion and loan growth.
- Fee revenues rose 8% sequentially and 9% year-on-year, with capital markets achieving record performance.

2) Operational Highlights and Strategic Initiatives
- The private bank contributed significantly, with deposits at $17.8 billion and loans at $9.7 billion, representing 11.5% of total EPS.
- The "Reimagine the Bank" initiative is progressing well, focusing on technology adoption and operational efficiency.
- The NEXT program aims to optimize the branch network by adding specialists and enhancing locations to drive retail growth.
- The bank is focused on expanding its commercial banking capabilities and maintaining a strong deal pipeline.

3) Credit Quality and Risk Management
- Credit trends remain favorable, with net charge-offs at 37 basis points, down from 39 basis points.
- Non-accrual loans decreased by 4% linked quarter, primarily due to a reduction in commercial real estate.
- The bank's stress test results were strong, ranking third-best among regional peers, reflecting improved balance sheet management.

4) Guidance and Outlook
- For Q3 2026, NII is expected to grow by 2.5% to 3.5%, driven by continued NIM expansion.
- The bank anticipates stable to slightly increased expenses and stable charge-off levels.
- Full-year revenue is trending above initial guidance, with a clear path to achieve the 16% to 18% ROTCE target by the end of 2027.

5) Conclusion and Investor Considerations
- The call did not provide specific figures on future loan growth rates or detailed metrics on the impact of the NEXT program.
- Bottom line: Citizens Financial Group is demonstrating strong financial momentum with robust growth in EPS and NII, supported by strategic initiatives in the private banking and commercial sectors, positioning the bank favorably for continued performance and shareholder returns.