Company: CFG-PE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000759944-25-000153
Chunk: 294

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 2
Chunk 294
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 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. | 78

The following tables present certain financial data of the Company’s business segments:Three Months Ended September 30, 2025(dollars in millions)Consumer BankingCommercial BankingNon-CoreOtherConsolidatedNet interest income$1,262 $448 ($7)($215)$1,488 Noninterest income311 286 4 29 630 Total revenue1,573 734 (3)(186)2,118 Direct expenses(1)(2)692 223 1 419 1,335 Indirect expenses(3)287 110 11 (408)— Noninterest expense979 333 12 11 1,335 Profit (loss) before provision (benefit) for credit losses594 401 (15)(197)783 Provision (benefit) for credit losses81 78 4 (9)154 Income (loss) before income tax expense (benefit)513 323 (19)(188)629 Income tax expense (benefit)130 75 (5)(65)135 Net income (loss)$383 $248 ($14)($123)$494 Total average assets$80,729 $66,134 $4,000 $68,254 $219,117 (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 $30 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 September 30, 2024(dollars in millions)Consumer BankingCommercial BankingNon-CoreOtherConsolidatedNet interest income$1,156 $478