Company: CFG-PE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000759944-25-000153
Chunk: 181

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-11-03
Form: 10-Q
Item: Part II, Item 8
Chunk 181
---
1,714 1,084 (63)(613)2,122 Provision (benefit) for credit losses248 239 43 (59)471 Income (loss) before income tax expense (benefit)1,466 845 (106)(554)1,651 Income tax expense (benefit)371 195 (27)(191)348 Net income (loss)$1,095 $650 ($79)($363)$1,303 Total average assets$79,040 $65,931 $5,241 $67,494 $217,706 (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 $92 million, $15 million, and $230 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.Nine Months Ended September 30, 2024(dollars in millions)Consumer BankingCommercial BankingNon-CoreOtherConsolidatedNet interest income$3,369 $1,486 ($96)($538)$4,221 Noninterest income820 676 — 106 1,602 Total revenue 4,189 2,162 (96)(432)5,823 Direct expenses(1)(2)1,728 626 3 1,561 3,918 Indirect expenses(3)1,006 302 71 (1,379)— Noninterest expense2,734 928 74 182 3,918 Profit (loss) before provision (benefit) for credit losses1,455 1,234 (170)(614)1,905 Provision (benefit) for credit losses249 262 46 (32)525 Income (loss) before income tax expense (benefit)1,206 972 (216)(582)1,380 Income tax expense (benefit)311 223 (55)(207)272 Net income (loss)$895 $749 ($161)($375)$1,108 Total average assets $74,510 $69,046 $9,450 $66,514 $219,520 (1