Company: CFG-PE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000759944-25-000070
Chunk: 187

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 2
Chunk 187
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3 Total revenue from contracts with customers$223 $144 $— $— $367 Total revenue from other sources(1)74 71 — 32 177 Total noninterest income$297 $215 $— $32 $544 Three Months Ended March 31, 2024(dollars in millions)Consumer BankingCommercial BankingNon-CoreOtherConsolidated Service charges and fees$63 $33 $— $— $96 Card fees66 15 — 3 84 Capital markets fees— 116 — — 116 Wealth fees68 — — — 68 Other banking fees1 2 — — 3 Total revenue from contracts with customers$198 $166 $— $3 $367 Total revenue from other sources(1)60 61 — 29 150 Total noninterest income$258 $227 $— $32 $517 (1) Includes bank-owned life insurance income of $27 million and $24 million for the three months ended March 31, 2025 and 2024, respectively.For the three months ended March 31, 2025 and 2024, the Company recognized trailing commissions of $4 million related to previous investment sales.

NOTE 14 - OTHER OPERATING EXPENSE The following table presents the details of other operating expense:Three Months Ended March 31,(dollars in millions)20252024Marketing$40 $35 Deposit insurance(1)38 76 Other79 92 Other operating expense$157 $203 (1) Includes an industry-wide FDIC special assessment of $35 million for the three months ended March 31, 2024.

Citizens Financial Group, Inc. | 68

NOTE 15 - EARNINGS PER SHARE Three Months Ended March 31,(dollars in millions, except per share data)20252024Numerator (basic and diluted):Net income$373 $334 Less: Preferred stock dividends33 30 Net income available to common stockholders$340 $304 Denominator:Weighted-average common shares outstanding - basic438,320,757 461,358,681 Dilutive common shares: share-based awards3,879,423 2,439,283 Weighted-average common shares outstanding - diluted442,200,180 463,797