CITIZENS FINANCIAL GROUP INC/RI
For the period ended Dec 31, 2025. Filed Feb 12, 2026.
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FY2025 · Filed Feb 12, 2026
CFG$64.82-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| (dollars in millions) | 2025 | 2024 | 2023 |
| OPERATING ACTIVITIES | |||
| Net income | $1,831 | $1,509 | $1,608 |
| Adjustments to reconcile net income to net change due to operating activities: | |||
| Provision (benefit) for credit losses | 608 | 687 | 687 |
| Net change in Loans held for sale | (414) | (24) | 98 |
| Depreciation, amortization, and accretion | 478 | 498 | 478 |
| Deferred income tax expense (benefit) | (82) | (177) | (242) |
| Share-based compensation | 120 | 97 | 87 |
| Net gain on sale of assets | (24) | (18) | (28) |
| Net (increase) decrease in Other assets | 89 | (261) | 612 |
| Net increase (decrease) in Other liabilities | (395) | (310) | (339) |
| Net change due to operating activities | 2,211 | 2,001 | 2,961 |
| INVESTING ACTIVITIES | |||
| Investment securities: | |||
| Purchases of debt securities available for sale | (9,463) | (9,755) | (10,087) |
| Proceeds from maturities and paydowns of debt securities available for sale | 4,018 | 3,304 | 2,001 |
| Proceeds from sales of debt securities available for sale | 3,797 | 3,619 | 2,941 |
| Proceeds from maturities and paydowns of debt securities held to maturity | 750 | 662 | 761 |
| Net (increase) decrease in Interest-bearing deposits in banks | (326) | (230) | (102) |
| Purchases of loans | (680) | (655) | — |
| Sales of loans | 1,891 | 207 | 2,793 |
| Net (increase) decrease in Loans and leases | (5,433) | 6,050 | 7,174 |
| Capital expenditures, net | (174) | (122) | (172) |
| Other | (347) | (93) | (61) |
| Net change due to investing activities | (5,967) | 2,987 | 5,248 |
| FINANCING ACTIVITIES | |||
| Net increase (decrease) in Deposits | 8,537 | (2,566) | (3,382) |
| Net increase (decrease) in Short-term borrowed funds | 58 | (505) | 502 |
| Proceeds from issuance of long-term borrowed funds | 8,534 | 13,185 | 25,983 |
| Repayments of long-term borrowed funds | (9,744) | (14,286) | (28,418) |
| Treasury stock purchased | (600) | (1,050) | (906) |
| Net proceeds from issuance of preferred stock | 393 | 392 | — |
| Redemption of preferred stock | (400) | (300) | — |
| Dividends paid to common stockholders | (755) | (769) | (808) |
| Dividends paid to preferred stockholders | (133) | (134) | (120) |
| Other | (8) | 18 | 21 |
| Net change due to financing activities | 5,882 | (6,015) | (7,128) |
| Net change in cash and cash equivalents(1) | 2,126 | (1,027) | 1,081 |
| Cash and cash equivalents at beginning of period(1) | 10,601 | 11,628 | 10,547 |
| Cash and cash equivalents at end of period(1) | $12,727 | $10,601 | $11,628 |
| Supplemental disclosures:(2) | |||
| Interest paid | $4,040 | $4,375 | $3,640 |
| Non-cash items: | |||
| Transfer of loans from loans held for investment to LHFS | $1,944 | $299 | $2,617 |
| Loans securitized and transferred to AFS securities | 112 | 329 | 103 |
(1) Cash and cash equivalents include Cash and due from banks and Interest-bearing cash and due from banks as reflected on the Consolidated Balance Sheets.
(2) See Note 21 for information regarding income taxes paid.
Citizens Financial Group, Inc. | 89
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