CITIZENS FINANCIAL GROUP INC/RI

For the period ended Jun 30, 2025. Filed Aug 4, 2025.

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, 2025 · Filed Aug 4, 2025

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

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Operations

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

	Three Months Ended June 30,		Six Months Ended June 30,
(dollars in millions, except per share data)	2025	2024	2025	2024
INTEREST INCOME:
Interest and fees on loans and leases	$1,851	$2,011	$3,680	$4,062
Interest and fees on loans held for sale	36	17	52	37
Investment securities	428	417	846	816
Interest-bearing deposits in banks	92	130	181	270
Total interest income	2,407	2,575	4,759	5,185
INTEREST EXPENSE:
Deposits	802	965	1,597	1,952
Short-term borrowed funds	9	4	17	11
Long-term borrowed funds	159	196	317	370
Total interest expense	970	1,165	1,931	2,333
Net interest income	1,437	1,410	2,828	2,852
Provision (benefit) for credit losses	164	182	317	353
Net interest income after provision (benefit) for credit losses	1,273	1,228	2,511	2,499
NONINTEREST INCOME:
Service charges and fees	111	106	220	202
Capital markets fees	105	134	205	252
Card fees	90	92	173	178
Wealth fees	88	75	169	143
Mortgage banking fees	73	54	132	103
Foreign exchange and derivative products	41	39	80	75
Letter of credit and loan fees	45	43	89	85
Securities gains, net	5	—	12	5
Other income	42	10	64	27
Total noninterest income	600	553	1,144	1,070
NONINTEREST EXPENSE:
Salaries and employee benefits	681	645	1,377	1,336
Equipment and software	193	190	387	382
Outside services	169	165	324	323
Occupancy	108	113	220	227
Other operating expense	168	188	325	391
Total noninterest expense	1,319	1,301	2,633	2,659
Income before income tax expense	554	480	1,022	910
Income tax expense	118	88	213	184
NET INCOME	$436	$392	$809	$726
Net income available to common stockholders	$402	$357	$742	$661
Weighted-average common shares outstanding:
Basic	433,640,210	454,142,489	435,967,554	457,750,585
Diluted	436,539,774	456,561,022	439,342,703	460,009,546
Per common share information:
Basic earnings	$0.93	$0.79	$1.70	$1.44
Diluted earnings	0.92	0.78	1.69	1.44

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.