CITIZENS FINANCIAL GROUP INCRI
For the period ended Jun 30, 2024. Filed Aug 6, 2024.
View on SEC.govAbout 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
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Income Tax Expense
Income tax expense of $88 million and $184 million decreased $46 million and $103 million for the three and six months ended June 30, 2024, respectively, compared to the same periods in 2023. The effective income tax rate of 18.5% and 20.3% for the three and six months ended June 30, 2024 decreased from 22.1% and 22.5%, respectively, compared to the same periods in 2023. These decreases were driven by lower pre-tax income, the favorable impact of certain tax matters and additional benefits from tax-advantaged investments. Provision for income taxes is calculated by applying the estimated annual effective tax rate to year-to-date pre-tax income, adjusting for discrete items that occurred during the period.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.