Discontinued — last reported Q1 '26
Commercial Banking — Income Tax Expense Benefit
Citizens Financial Group Commercial Banking — Income Tax Expense Benefit increased by 11.4% to $78.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 39.3%, from $56.00M to $78.00M. Over 4 years (FY 2021 to FY 2025), Commercial Banking — Income Tax Expense Benefit shows a downward trend with a -3.1% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase in expense relative to pre-tax income may signal higher effective tax rates or changes in tax jurisdiction, while a benefit may indicate tax credits or loss carryforwards.
Detailed definition
This represents the total income tax expense or benefit recognized by the commercial banking segment for the reporting p...
Peer comparison
Standard across all banking institutions as part of segment-level income statement reporting.
cfg_segment_commercial_banking_income_tax_expense_benefitHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $72.00M | $81.00M | $95.00M | $74.00M | $96.00M | $101.00M | $104.00M | $101.00M | $100.00M | $88.00M | $89.00M | $84.00M | $76.00M | $63.00M | $68.00M | $56.00M | $64.00M | $75.00M | $70.00M | $78.00M |
| QoQ Change | — | +12.5% | +17.3% | -22.1% | +29.7% | +5.2% | +3.0% | -2.9% | -1.0% | -12.0% | +1.1% | -5.6% | -9.5% | -17.1% | +7.9% | -17.6% | +14.3% | +17.2% | -6.7% | +11.4% |
| YoY Change | — | — | — | — | +33.3% | +24.7% | +9.5% | +36.5% | +4.2% | -12.9% | -14.4% | -16.8% | -24.0% | -28.4% | -23.6% | -33.3% | -15.8% | +19.0% | +2.9% | +39.3% |
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Frequently Asked Questions
- What is Citizens Financial Group's commercial banking — income tax expense benefit?
- Citizens Financial Group (CFG) reported commercial banking — income tax expense benefit of $78.00M in Q1 2026.
- How has Citizens Financial Group's commercial banking — income tax expense benefit changed year-over-year?
- Citizens Financial Group's commercial banking — income tax expense benefit increased by 39.3% year-over-year, from $56.00M to $78.00M.
- What is the long-term trend for Citizens Financial Group's commercial banking — income tax expense benefit?
- Over 4 years (2021 to 2025), Citizens Financial Group's commercial banking — income tax expense benefit has grown at a -3.1% compound annual growth rate (CAGR), from $300.00M to $265.00M.
- What does commercial banking — income tax expense benefit mean?
- The total income tax cost or benefit attributed to the commercial banking business unit.