Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 282

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 282
---
’s decisions regarding the allocation of capital and resources across the business segments, ensuring alignment with the Company’s strategic objectives.Developing and applying methodologies used to allocate items among the business segments is a dynamic process. Accordingly, financial results may be revised periodically as management systems are enhanced, methods of evaluating performance or product lines are updated, or organizational structure changes occur.For more information on the Company’s business segments, as well as Other non-segment operations, see Note 26 in the Company’s 2024 Form 10-K.

Citizens Financial Group, Inc. | 76

Three Months Ended June 30, 2025(dollars in millions)Consumer BankingCommercial BankingNon-CoreOtherConsolidatedNet interest income$1,218 $439 ($5)($215)$1,437 Noninterest income329 232 3 36 600 Total revenue1,547 671 (2)(179)2,037 Direct expenses(1)(2)679 219 1 420 1,319 Indirect expenses(3)284 98 14 (396)— Noninterest expense963 317 15 24 1,319 Profit (loss) before provision (benefit) for credit losses584 354 (17)(203)718 Provision (benefit) for credit losses81 84 2 (3)164 Income (loss) before income tax expense (benefit)503 270 (19)(200)554 Income tax expense (benefit)127 64 (5)(68)118 Net income (loss)$376 $206 ($14)($132)$436 Total average assets$78,822 $66,284 $5,216 $67,339 $217,661 (1) Represents operating expenses incurred by the business segments and primarily includes salaries and employee benefits, equipment and software, outside services, and occupancy.(2) Includes depreciation and amortization of $32 million, $5 million, and $77 million, respectively, for the Consumer Banking, Commercial Banking and Other business segments.(3) Represents allocated corporate overhead from support functions such as information technology, finance, risk, and human resources.Three Months Ended June 30, 2024(dollars in millions)Consumer BankingCommercial BankingNon-CoreOtherConsolidatedNet interest income$1,120 $494 ($31)($173)$1,410