Citizens Financial Services, Inc. (CZFS) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to the Citizens Financial Group's second quarter 2026 earnings conference call. My name is Ivy, and I will be your operator today. Currently, all participants are in the listen-only mode. Following the presentation, we will conduct a brief question-and-answer session. As a reminder, this event is being recorded. I will now turn the call over to Kristen Silberberg, Head of Investor Relations. Kristen, you may begin. Thank you, Ivy. Good morning, everyone, and thank you for joining us. First this morning, our Chairman and CEO, Bruce Van Thorn, and CFO, Anoy Banerjee, will provide an overview of our second quarter results. Brendan Coughlin, our President, and Ted Swimmer, Head of Commercial Banking, are also here to provide additional colour. We will be referencing our second quarter presentation located on our Investor Relations website. After the presentation, we will be happy to take your questions. Our comments today will include forward-looking statements. which are subject to risks and uncertainties that may cause our results to differ materially from expectations. These are outlined for your review in the presentation. We also reference non-GAAP financial measures, so it's important to review our GAAP results in the presentation and the reconciliations in the appendix. And with that, I'll hand it over to Bruce. Thanks, Kristen, and good morning, everyone. Thanks for joining our call today. We announced outstanding results for the quarter as our strong momentum continues. EPS growth was 15% sequential quarter, 41% year on year, and our ROTCE improved to 13.9%. Our performance was powered by significant revenue growth. NII was up 4.4% sequentially and 14% versus a year ago, which was paced by continued NIM expansion and accelerat...