CITIZENS FINANCIAL GROUP INCRI

For the period ended Jun 30, 2024. Filed Aug 6, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 6, 2024

CFG$65.10+2.9%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations (unaudited)

	Three Months Ended June 30,		Six Months Ended June 30,
(dollars in millions, except per share data)	2024	2023	2024	2023
INTEREST INCOME:
Interest and fees on loans and leases	$2,011	$2,132	$4,062	$4,179
Interest and fees on loans held for sale	13	20	27	35
Interest and fees on other loans held for sale	4	12	10	17
Investment securities	417	267	816	533
Interest-bearing deposits in banks	130	100	270	169
Total interest income	2,575	2,531	5,185	4,933
INTEREST EXPENSE:
Deposits	965	723	1,952	1,273
Short-term borrowed funds	4	22	11	28
Long-term borrowed funds	196	198	370	401
Total interest expense	1,165	943	2,333	1,702
Net interest income	1,410	1,588	2,852	3,231
Provision (benefit) for credit losses	182	176	353	344
Net interest income after provision (benefit) for credit losses	1,228	1,412	2,499	2,887
NONINTEREST INCOME:
Service charges and fees	106	101	202	201
Capital markets fees	134	82	252	165
Card fees	92	80	178	152
Wealth fees(1)	75	65	143	128
Mortgage banking fees	54	59	103	116
Foreign exchange and derivative products	39	44	75	92
Letter of credit and loan fees	43	43	85	83
Securities gains, net	—	9	5	14
Other income	10	23	27	40
Total noninterest income	553	506	1,070	991
NONINTEREST EXPENSE:
Salaries and employee benefits	645	615	1,336	1,273
Equipment and software	190	181	382	350
Outside services	165	177	323	353
Occupancy	113	136	227	260
Other operating expense	188	197	391	366
Total noninterest expense	1,301	1,306	2,659	2,602
Income before income tax expense	480	612	910	1,276
Income tax expense	88	134	184	287
NET INCOME	$392	$478	$726	$989
Net income available to common stockholders	$357	$444	$661	$932
Weighted-average common shares outstanding:
Basic	454,142,489	479,470,543	457,750,585	482,440,926
Diluted	456,561,022	480,975,281	460,009,546	484,252,103
Per common share information:
Basic earnings	$0.79	$0.93	$1.44	$1.93
Diluted earnings	0.78	0.92	1.44	1.92

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.