Company: CFG-PE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000759944-25-000070
Chunk: 91

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-05-01
Form: 10-Q
Item: Part II, Item 8
Chunk 91
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2024 Form 10-K.

Citizens Financial Group, Inc. | 67

The following tables present noninterest income segregated by revenue from contracts with customers and revenue from other sources, disaggregated by business segment. Revenue from other sources primarily includes income from letter of credit and loan fees, foreign exchange and derivative products, and mortgage banking fees.Three Months Ended March 31, 2025(dollars in millions)Consumer BankingCommercial BankingNon-CoreOtherConsolidatedService charges and fees$74 $34 $— $— $108 Card fees67 13 — — 80 Capital markets fees— 95 — — 95 Wealth fees81 — — — 81 Other banking fees1 2 — — 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