CITIZENS FINANCIAL GROUP INCRI

For the period ended Sep 30, 2024. Filed Nov 4, 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.

Sep 30, 2024 · Filed Nov 4, 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 September 30,		Nine Months Ended September 30,
(dollars in millions, except per share data)	2024	2023	2024	2023
INTEREST INCOME:
Interest and fees on loans and leases	$1,976	$2,166	$6,038	$6,345
Interest and fees on loans held for sale	18	20	45	55
Interest and fees on other loans held for sale	1	8	11	25
Investment securities	423	290	1,239	823
Interest-bearing deposits in banks	121	111	391	280
Total interest income	2,539	2,595	7,724	7,528
INTEREST EXPENSE:
Deposits	990	898	2,942	2,171
Short-term borrowed funds	3	8	14	36
Long-term borrowed funds	177	167	547	568
Total interest expense	1,170	1,073	3,503	2,775
Net interest income	1,369	1,522	4,221	4,753
Provision (benefit) for credit losses	172	172	525	516
Net interest income after provision (benefit) for credit losses	1,197	1,350	3,696	4,237
NONINTEREST INCOME:
Service charges and fees	109	105	311	306
Capital markets fees	94	67	346	232
Card fees	93	74	271	226
Wealth fees(1)	76	63	219	191
Mortgage banking fees	46	69	149	185
Foreign exchange and derivative products	36	48	111	140
Letter of credit and loan fees	45	43	130	126
Securities gains, net	9	5	14	19
Other income	24	18	51	58
Total noninterest income	532	492	1,602	1,483
NONINTEREST EXPENSE:
Salaries and employee benefits	647	659	1,983	1,932
Equipment and software	194	191	576	541
Outside services	146	160	469	513
Occupancy	108	107	335	367
Other operating expense	164	176	555	542
Total noninterest expense	1,259	1,293	3,918	3,895
Income before income tax expense	470	549	1,380	1,825
Income tax expense	88	119	272	406
NET INCOME	$382	$430	$1,108	$1,419
Net income available to common stockholders	$344	$400	$1,005	$1,332
Weighted-average common shares outstanding:
Basic	446,561,996	469,481,085	453,993,833	478,073,507
Diluted	449,913,467	471,183,719	456,461,330	479,733,008
Per common share information:
Basic earnings	$0.77	$0.85	$2.21	$2.79
Diluted earnings	0.77	0.85	2.20	2.78

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.