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Citizens Bank, National Association

Providence, RI · Cert 57957 · Citizens Financial Group Inc.

National charter · OCC · 971 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks over $10B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks over $10B in assets (n=142 to 144). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

35

Q2 2024Q2 2026peer median (50)

Asset Quality

20

Q2 2024Q2 2026peer median (50)

Profitability

23

Q2 2024Q2 2026peer median (50)

Liquidity

73

Q2 2024Q2 2026peer median

Efficiency

30

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-12

Citizens Bank, National Association

Providence, RI · Cert 57957 · Citizens Financial Group Inc.

National charter · OCC · 971 branches

Q2 2026

$232.5BAssets
$149.2BLoans
$188.7BDeposits
$26.5BEquity
Loan mix
67%RE $82.8B22%C&I $27.7B11%Consumer $13.3BQ3 2024Q2 2026
Deposit mix
77%Interest-bearing $144.9B23%Noninterest $43.9BQ3 2024Q2 2026

Market Position · Boston-Cambridge-Newton, MA-NH · 2026 SOD (annual) · 10.1% share · #3 of 100 inst. · $58.4B of $580.3B

10.2% Suffolk
44.1% Providence
13.7% Philadelphia
10.6% Middlesex

Executive Summary

  • Earnings: ROA of 0.99%, up 18 bps year over year; NIM at 2.85%.
  • Asset quality: problem loans at 1.36% of loans (-7 bps YoY), with net charge-offs at 0.37%.
  • Capital: tier 1 leverage ratio of 9.39%, down 40 bps from a year ago.
  • Funding: loans stand at 79.08% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.99%+18 bps YoY

Net Interest Margin (YTD, annualized)

2.85%+18 bps YoY

Efficiency Ratio (YTD, annualized)

60.29%-298 bps YoY

Tier 1 Leverage Ratio

9.39%-40 bps YoY

NIM

4.69%Q2 ’244.34%Q2 ’254.31%Q2 ’26+2%+7%

Non-interest income vs. expense

2.29%Q2 ’242.29%Q2 ’252.29%Q2 ’26-8%+0%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.69%0.71%0.76%0.82%0.85%0.87%0.94%0.99%+18 bps
Return on Equity6.50%6.60%6.68%7.07%7.27%7.45%7.98%8.50%+144 bps
Net Interest Margin2.61%2.62%2.63%2.66%2.69%2.71%2.85%2.85%+18 bps
Efficiency Ratio65.38%65.28%64.70%63.27%62.53%62.22%61.38%60.29%-298 bps
Non-Interest Burden1.43%1.43%1.40%1.35%1.35%1.35%1.41%1.36%0 bps
Growth
Asset Growth (YoY)-2.41%-2.06%-0.06%-0.76%1.17%4.00%3.24%6.67%+743 bps
Loan Growth (YoY)-5.50%-4.62%-2.39%-0.90%-0.17%2.78%3.53%5.46%+636 bps
Deposit Growth (YoY)-1.38%-1.54%1.04%-0.73%2.65%4.65%2.99%5.59%+632 bps
Asset Quality
Nonperforming Loans / Loans1.52%1.55%1.48%1.42%1.37%1.40%1.48%1.36%-7 bps
Net Charge-Offs / Loans0.52%0.53%0.57%0.52%0.50%0.47%0.38%0.37%-15 bps
Allowance / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.36%9.56%9.74%9.79%9.80%9.77%9.61%9.39%-40 bps
Total Risk-Based Capital13.72%14.16%14.25%14.31%14.31%14.14%13.98%13.75%-56 bps
Equity / Assetsn/an/an/an/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits79.65%78.77%77.48%79.17%77.46%77.36%77.88%79.08%-10 bps
Liquid Assets / Assets3.98%3.96%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-12

Citizens Bank, National Association

Providence, RI · Cert 57957 · Peer group: banks over $10B in assets (n=142-144) · Citizens Financial Group Inc.

National charter · OCC · 971 branches

Q2 2026

$232.5BAssets
$149.2BLoans
$188.7BDeposits
$26.5BEquity

Executive Summary

  • Strongest standing: equity / assets outperforms 49% of banks over $10B in assets (rank 73 of 144).
  • Widest gap: nonperforming loans / loans trails 83% of banks over $10B in assets (rank 119 of 142).
  • Overall: at or above the peer median on 0 of 9 directional measures.

Return on Assets

0.98%

Rank 113 of 144

Net Interest Margin

2.85%

Rank 105 of 144

Efficiency Ratio

60.61%

Rank 102 of 144

Equity / Assets

11.39%

Rank 73 of 144

Non-interest income vs. expense

$2.1B$5.3BINCOMEEXPENSE
Unfavorable gap of $3.1B · efficiency ratio beats 30% of banks over $10B in assets
Bank 60.61%Peer median 56.0%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.98%1.00%1.26%1.54%Beats 22%113 / 144
Return on Equity8.56%8.98%11.34%14.40%Beats 21%114 / 144
Net Interest Margin2.85%2.82%3.31%3.68%Beats 27%105 / 144
Efficiency Ratio60.61%49.42%56.02%62.41%Beats 30%102 / 144
Asset Quality
Nonperforming Loans / Loans1.36%0.48%0.73%1.07%Beats 17%119 / 142
Net Charge-Offs / Loans0.23%0.05%0.11%0.22%Beats 23%110 / 142
Capital
Tier 1 Capital Ratio11.92%12.07%12.98%14.92%Beats 19%116 / 144
Total Risk-Based Capital Ratio13.75%13.39%14.14%16.25%Beats 36%92 / 144
Equity / Assets11.39%9.69%11.39%12.96%Beats 49%73 / 144
Liquidity & Funding
Loans / Deposits79.08%75.72%84.92%91.56%31st pctl98 / 143
Loans / Assets64.19%59.83%69.07%74.80%34th pctl95 / 144
Brokered Deposits / Depositsn/aNot reported for this institution