CITIZENS FINANCIAL GROUP INCRI
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
CFG$65.10+2.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| (dollars in millions, except par value) | 2023 | 2022 |
| ASSETS: | ||
| Cash and due from banks(1) | $1,794 | $1,489 |
| Interest-bearing cash and due from banks | 9,834 | 9,058 |
| Interest-bearing deposits in banks(1) | 405 | 303 |
| Debt securities available for sale, at fair value (including $110 and $270 pledged to creditors, respectively)(2) | 29,777 | 24,007 |
| Debt securities held to maturity (fair value of $8,350 and $9,042, respectively, and including $204 and $110 pledged to creditors, respectively)(2) | 9,184 | 9,834 |
| Loans held for sale, at fair value | 676 | 774 |
| Other loans held for sale | 103 | 208 |
| Loans and leases | 145,959 | 156,662 |
| Less: Allowance for loan and lease losses | (2,098) | (1,983) |
| Net loans and leases(1) | 143,861 | 154,679 |
| Derivative assets | 440 | 842 |
| Premises and equipment, net | 895 | 844 |
| Bank-owned life insurance | 3,291 | 3,236 |
| Goodwill | 8,188 | 8,173 |
| Other intangible assets(3) | 157 | 197 |
| Other assets(1) | 13,359 | 13,089 |
| TOTAL ASSETS | $221,964 | $226,733 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY: | ||
| LIABILITIES: | ||
| Deposits: | ||
| Noninterest-bearing | $37,107 | $49,283 |
| Interest-bearing | 140,235 | 131,441 |
| Total deposits | 177,342 | 180,724 |
| Short-term borrowed funds | 505 | 3 |
| Derivative liabilities | 1,562 | 1,909 |
| Long-term borrowed funds(1) | 13,467 | 15,887 |
| Other liabilities(1) | 4,746 | 4,520 |
| TOTAL LIABILITIES | 197,622 | 203,043 |
| Commitments and Contingencies (refer to Note 19) | ||
| STOCKHOLDERS’ EQUITY: | ||
| Preferred Stock: | ||
| $25.00 par value,100,000,000 shares authorized; 2,050,000 shares issued and outstanding at December 31, 2023 and 2022 | 2,014 | 2,014 |
| Common stock: | ||
| $0.01 par value, 1,000,000,000 shares authorized; 647,829,720 shares issued and 466,418,055 shares outstanding at December 31, 2023 and 645,220,018 shares issued and 492,282,158 shares outstanding at December 31, 2022 | 6 | 6 |
| Additional paid-in capital | 22,250 | 22,142 |
| Retained earnings | 9,816 | 9,159 |
| Treasury stock, at cost, 181,411,665 and 152,937,860 shares at December 31, 2023 and 2022, respectively | (5,986) | (5,071) |
| Accumulated other comprehensive income (loss) | (3,758) | (4,560) |
| TOTAL STOCKHOLDERS’ EQUITY | 24,342 | 23,690 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $221,964 | $226,733 |
(1) Includes amounts in consolidated VIEs. See Note 11 for additional information.
(2) Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.
(3) Excludes MSRs, which are reported in Other assets.
Citizens Financial Group, Inc. | 84
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