Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 2

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 Months Ended June 30, (dollars in millions, except per share data)2025202420252024INTEREST INCOME:Interest and fees on loans and leases$1,851 $2,011 $3,680 $4,062 Interest and fees on loans held for sale36 17 52 37 Investment securities 428 417 846 816 Interest-bearing deposits in banks 92 130 181 270 Total interest income2,407 2,575 4,759 5,185 INTEREST EXPENSE:Deposits 802 965 1,597 1,952 Short-term borrowed funds9 4 17 11 Long-term borrowed funds159 196 317 370 Total interest expense970 1,165 1,931 2,333 Net interest income1,437 1,410 2,828 2,852 Provision (benefit) for credit losses164 182 317 353 Net interest income after provision (benefit) for credit losses1,273 1,228 2,511 2,499 NONINTEREST INCOME:Service charges and fees111 106 220 202 Capital markets fees105 134 205 252 Card fees90 92 173 178 Wealth fees88 75 169 143 Mortgage banking fees73 54 132 103 Foreign exchange and derivative products41 39 80 75 Letter of credit and loan fees45 43 89 85 Securities gains, net5 — 12 5 Other income42 10 64 27 Total noninterest income600 553 1,144 1,070 NONINTEREST EXPENSE:Salaries and employee benefits681 645 1,377 1,336 Equipment and software193 190 387 382 Outside services169 165 324 323 Occupancy108 113 220 227 Other operating expense168 188 325 391 Total noninterest expense1,319 1,301 2,633 2,659 Income before income tax expense 554 480 1,022 910 Income tax expense118 88 213 184 NET INCOME$436 $392 $809 $726 Net income available to common stockholders$402 $357