CITIZENS FINANCIAL GROUP INC/RI
For the period ended Mar 31, 2025. Filed May 1, 2025.
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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.
Mar 31, 2025 · Filed May 1, 2025
CFG$65.10+2.9%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
| Three Months Ended March 31, | ||
|---|---|---|
| (dollars in millions, except per share data) | 2025 | 2024 |
| INTEREST INCOME: | ||
| Interest and fees on loans and leases | $1,829 | $2,051 |
| Interest and fees on loans held for sale | 16 | 20 |
| Investment securities | 418 | 399 |
| Interest-bearing deposits in banks | 89 | 140 |
| Total interest income | 2,352 | 2,610 |
| INTEREST EXPENSE: | ||
| Deposits | 795 | 987 |
| Short-term borrowed funds | 8 | 7 |
| Long-term borrowed funds | 158 | 174 |
| Total interest expense | 961 | 1,168 |
| Net interest income | 1,391 | 1,442 |
| Provision (benefit) for credit losses | 153 | 171 |
| Net interest income after provision (benefit) for credit losses | 1,238 | 1,271 |
| NONINTEREST INCOME: | ||
| Service charges and fees | 109 | 96 |
| Capital markets fees | 100 | 118 |
| Card fees | 83 | 86 |
| Wealth fees | 81 | 68 |
| Mortgage banking fees | 59 | 49 |
| Foreign exchange and derivative products | 39 | 36 |
| Letter of credit and loan fees | 44 | 42 |
| Securities gains, net | 7 | 5 |
| Other income | 22 | 17 |
| Total noninterest income | 544 | 517 |
| NONINTEREST EXPENSE: | ||
| Salaries and employee benefits | 696 | 691 |
| Equipment and software | 194 | 192 |
| Outside services | 155 | 158 |
| Occupancy | 112 | 114 |
| Other operating expense | 157 | 203 |
| Total noninterest expense | 1,314 | 1,358 |
| Income before income tax expense | 468 | 430 |
| Income tax expense | 95 | 96 |
| NET INCOME | $373 | $334 |
| Net income available to common stockholders | $340 | $304 |
| Weighted-average common shares outstanding: | ||
| Basic | 438,320,757 | 461,358,681 |
| Diluted | 442,200,180 | 463,797,964 |
| Per common share information: | ||
| Basic earnings | $0.78 | $0.66 |
| Diluted earnings | 0.77 | 0.65 |
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