By Nicholas G. Miller
Citizens Financial reported higher fourth-quarter profit with the help of fee growth from its wealth and capital-markets businesses.
The bank reported net income of $528 million, or $1.13 a share, up from $401 million, or 83 cents a share, the year prior. Analysts expected $1.10 a share, according to FactSet.
Revenue rose to $2.16 billion from $1.99 billion a year earlier. Wall Street forecast $2.15 billion.
Net interest income rose 9% to $1.54 billion, while provision for credit losses fell 15% to $137 million.
Chief Executive Bruce Van Saun said the company saw strong fee growth, led by its wealth and capital-markets divisions. Wealth fees rose 31%, while capital-markets fees increased 16% from the prior year.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
January 21, 2026 06:41 ET (11:41 GMT)
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