Company: CFG-PE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000759944-25-000153
Chunk: 62

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 62
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 business segments and primarily includes salaries and employee benefits, equipment and software, outside services, and occupancy.(2) Includes depreciation and amortization of $30 million, $5 million, and $77 million, respectively, for the Consumer Banking, Commercial Banking and Other business segments.(3) Represents allocated corporate overhead from support functions such as information technology, finance, risk, and human resources.Three Months Ended September 30, 2024(dollars in millions)Consumer BankingCommercial BankingNon-CoreOtherConsolidatedNet interest income$1,156 $478 ($28)($237)$1,369 Noninterest income285 207 — 40 532 Total revenue 1,441 685 (28)(197)1,901 Direct expenses(1)(2)586 205 1 467 1,259 Indirect expenses(3)330 95 22 (447)— Noninterest expense916 300 23 20 1,259 Profit (loss) before provision (benefit) for credit losses525 385 (51)(217)642 Provision (benefit) for credit losses84 91 17 (20)172 Income (loss) before income tax expense (benefit)441 294 (68)(197)470 Income tax expense (benefit)114 63 (17)(72)88 Net income (loss)$327 $231 ($51)($125)$382 Total average assets $75,392 $68,092 $8,389 $66,705 $218,578 (1) Represents operating expenses incurred by the business segments and primarily includes salaries and employee benefits, equipment and software, outside services, and occupancy.(2) Includes depreciation and amortization of $29 million, $6 million, and $79 million, respectively, for the Consumer Banking, Commercial Banking and Other business segments.(3) Represents allocated corporate overhead from support functions such as information technology, finance, risk, and human resources.

Citizens Financial Group, Inc. | 79

Nine Months Ended September 30, 2025(dollars in millions)Consumer BankingCommercial BankingNon-CoreOtherConsolidatedNet interest income$3,673 $1,328 ($27)($658)$4,316 Noninterest income937 733 7 97 1,774 Total revenue4,610 2