Company: CFG-PE
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000759944-25-000013
Chunk: 919

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-13
Form: 10-K
Item: Item 6
Chunk 919
---
 net18 28 9 Other income79 78 82 Total noninterest income2,176 1,983 2,009 NONINTEREST EXPENSE:Salaries and employee benefits2,657 2,599 2,549 Equipment and software769 756 648 Outside services639 687 700 Occupancy447 492 410 Other operating expense722 973 585 Total noninterest expense5,234 5,507 4,892 Income before income tax expense1,888 2,030 2,655 Income tax expense379 422 582 NET INCOME$1,509 $1,608 $2,073 Net income available to common stockholders$1,372$1,491$1,960 Weighted-average common shares outstanding:Basic450,678,038 475,089,384 475,959,815 Diluted453,510,245 476,693,148 477,803,142 Per common share information:Basic earnings$3.05 $3.14 $4.12 Diluted earnings3.03 3.13 4.10 

(1) See Note 1 for information regarding updates to the Consolidated Statements of Operations during 2024.

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

Citizens Financial Group, Inc. | 88

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Year Ended December 31,(dollars in millions)202420232022Net income$1,509 $1,608 $2,073 Other comprehensive income (loss):Net unrealized gains (losses) on cash flow hedge derivatives arising during the period, net of income taxes of ($194), ($39) and ($466), respectively(531)(106)(1,340)Reclassification adjustment for net (gains) losses on cash flow hedge derivatives included in net income, net of income taxes of $253, $161 and $30, respectively693 435 85 Net unrealized gains (losses) on AFS securities arising during the period, net of income taxes of ($27), $119 and ($868), respectively(90)350 (2,608)Reclassification of net securities (gains) losses to net income, net of income taxes of $19, $28 and ($2), respectively59