Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 225

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 225
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595)TOTAL STOCKHOLDERS’ EQUITY25,234 24,254 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY$218,310 $217,521 

(1) Includes amounts in consolidated VIEs. See Note 6 for additional information.

(2) Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.

(3) Excludes MSRs, which are reported in Other assets.

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

Citizens Financial Group, Inc. | 37

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

Three Months Ended June 30,Six 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