Citizens Bank
Citizens Bank reported total assets of $232.5 bn at Q2 2026, up 6.7% on a year earlier, the 20th largest of 497 banks in our US coverage. The CET1 capital ratio at Citizens Bank was 11.92%, and the uninsured share of Citizens Bank was 47.48%. Source: FDIC Call Reports.
Key takeaways
- On common equity tier 1 (CET1) ratio, Citizens Bank slipped from 305th to 346th among 448 US banks between and (1 = highest; FDIC Call Reports).
- Since , Citizens Bank has taken over 2 institutions; the latest was Investors Bank on (FDIC Call Reports).
What sets Citizens Bank apart
How large is Citizens Bank?
The balance sheet of Citizens Bank at : assets $232.5 bn, deposits $188.7 bn, net loans $147.3 bn (loans equal to 78.03% of deposits). Securities make up 19.5% of total assets at Citizens Bank. Since , when Citizens Bank held $109.3 bn, its assets grew 112.7%. In the year to , deposits at Citizens Bank rose 5.6% while its total assets rose 6.7%. At , Citizens Bank employed 17,326 full-time equivalent staff across 979 offices, about $13.4 mn of assets per employee and $192.8 mn of deposits per office.
How much funding at Citizens Bank is uninsured?
At Citizens Bank, uninsured deposits (above the FDIC limit) made up 47.48% of domestic deposits at (+3.09 pp on a year earlier); Citizens Bank ranks 105th of 500 on this measure. In dollars, Citizens Bank estimated $89.6 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $188.7 bn | +5.6% | 19th of 499 |
| Net loans and leases | $147.3 bn | +5.6% | 16th of 500 |
| Loan-to-deposit ratio | 78.03% | -0.02 pp | 367th of 500 |
| Tier 1 leverage ratio | 9.39% | -0.40 pp | 384th of 500 |
| Total risk-based capital ratio | 13.75% | -0.56 pp | 275th of 448 |
| Net interest margin | 3.26% | +0.20 pp | 357th of 500 |
| Return on assets (ROA) | 0.99% | +0.18 pp | 386th of 500 |
| Efficiency ratio | 60.29% | -2.98 pp | 336th of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Loss of $854.5 mn | Narrowed by $58.4 mn | |
| Unrealized gain/loss on available-for-sale securities | Loss of $1.5 bn | Narrowed by $244.3 mn | |
| Noncurrent loans to total loans | 1.36% | -0.07 pp | 412th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.37% | -0.15 pp | 414th of 500 (1 = lowest) |
US rank of Citizens Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Citizens Bank: assets, deposits and loans
- Total assets $233bn
- Deposits $189bn
- Net loans $147bn
Capital and securities
The CET1 ratio of Citizens Bank stood at 11.92% in , -0.49 pp year on year. Low and high at Citizens Bank since : 10.41% () to 12.41% (). Equity capital of Citizens Bank at : $26.5 bn, or 11.4% of total assets. Citizens Bank also reported a total capital ratio of 13.75% for , and a tier 1 leverage ratio of 9.39%.
On held-to-maturity securities, Citizens Bank carried an unrealized loss of $854.5 mn at , equal to 3.2% of equity capital. The loss narrowed by $58.4 mn over the year. Its deepest point: $1.3 bn in . The available-for-sale portfolio of Citizens Bank showed an unrealized loss of $1.5 bn at ; the loss narrowed by $244.3 mn over the year.
Citizens Bank: capital ratios
- Total capital 14%
- CET1 12%
- Tier 1 leverage 9.4%
Citizens Bank: unrealized securities gains and losses
- Available for sale -$1.5bn
- Held to maturity -$854mn
Profitability and loan quality
For the year to , Citizens Bank earned a return on equity of 8.50%; return on assets: 0.99%. Net interest margin at Citizens Bank: 3.26%, +0.20 pp in a year. Citizens Bank net income: $1.1 bn, up 27.1% year on year. The efficiency ratio of Citizens Bank was 60.29%: about 60 cents cost per revenue dollar, against 54 cents at the median peer.
At , noncurrent loans were 1.36% of total loans at Citizens Bank; net charge-offs: 0.37% of average loans. Gross loans and leases at Citizens Bank: $149.2 bn, up 5.5% in a year.
Citizens Bank: profitability
- Return on equity 8.5%
- Net interest margin 3.3%
- Return on assets 1.0%
Peer group of Citizens Bank
The peer group of Citizens Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 3 share the charter type of Citizens Bank (national bank), 6 sit in the same size group (over $100 bn) and 0 have head offices in Rhode Island. Against them, Citizens Bank shows CET1 ratio 11.92% against a peer median of 12.34%, return on equity 8.50% against a peer median of 14.30% and uninsured deposit share 47.48% against a peer median of 28.43%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Charles Schwab Bank, SSB | State member bank | TX | $250.8 bn | 30.15% | 18.03% | 19.04% | |
| Morgan Stanley Private Bank | National bank | NY | $250.4 bn | 24.99% | 16.07% | 19.47% | |
| First-Citizens Bank & Trust Company | State nonmember bank | NC | $236.3 bn | 12.41% | 10.29% | 37.40% | |
| Citizens Bank | National bank | RI | $232.5 bn | 11.92% | 8.50% | 47.48% | |
| Manufacturers and Traders Trust Company | State member bank | NY | $218.8 bn | 11.81% | 10.70% | 48.89% | |
| American Express National Bank | National bank | UT | $213.9 bn | 10.86% | 41.56% | 18.17% | |
| KeyBank | National bank | OH | $188.6 bn | 12.27% | 12.54% | 51.83% | |
. FDIC Call Reports.
Last eight quarters
Two years at Citizens Bank, to : assets +5.9%, deposits +5.4%, equity +7.3%. Staff 16,986 to 17,326; offices 1,023 to 979.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $219.5 bn | $217.2 bn | $220.0 bn | $218.0 bn | $222.1 bn | $225.9 bn | $227.1 bn | $232.5 bn |
| Total deposits | $179.0 bn | $178.0 bn | $181.4 bn | $178.7 bn | $183.7 bn | $186.3 bn | $186.9 bn | $188.7 bn |
| Bank equity capital | $24.7 bn | $24.4 bn | $25.4 bn | $25.9 bn | $26.4 bn | $26.8 bn | $26.7 bn | $26.5 bn |
| CET1 ratio | 11.86% | 12.27% | 12.33% | 12.41% | 12.41% | 12.27% | 12.12% | 11.92% |
| Return on equity (ROE) | 6.50% | 6.60% | 6.68% | 7.07% | 7.27% | 7.45% | 7.98% | 8.50% |
| Uninsured share of domestic deposits | 42.63% | 43.13% | 42.88% | 44.40% | 44.69% | 46.64% | 46.65% | 47.48% |
| Full-time equivalent employees | 16,986 | 16,938 | 16,977 | 17,302 | 17,158 | 17,064 | 17,016 | 17,326 |
| Number of offices | 1,023 | 1,020 | 996 | 992 | 992 | 991 | 978 | 979 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Citizens Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed Citizens Bank of Pennsylvania (FDIC certificate 57282).
- . Absorbed Investors Bank (FDIC certificate 28892).
Questions and identifiers
What were the total assets of Citizens Bank?
Citizens Bank reported $232.5 bn at in its Call Report. That makes Citizens Bank the 20th largest of 497 banks in our US coverage.
Is Citizens Bank the same as its holding company?
No. This page covers Citizens Bank, FDIC certificate 57957; CITIZENS FINANCIAL GROUP INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Citizens Bank profitable?
Citizens Bank reported net income of $1.1 bn for the year to ; annualized return on equity: 8.50%. So yes: Citizens Bank made a profit over these months.
When is data for Citizens Bank next updated?
Figures from Citizens Bank for are due after .
Where can I check the figures for Citizens Bank?
In the FDIC BankFind Suite record for certificate 57957, and in the Call Reports of Citizens Bank (RSSD ID 3303298) at the FFIEC Central Data Repository.