Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 187

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 187
---
952 2.84 (1,971)(48)Short-term borrowed funds800 17 4.20 411 11 5.57 389 (137)Long-term borrowed funds12,578 317 5.04 14,378 370 5.13 (1,800)(9)Total borrowed funds13,378 334 4.99 14,789 381 5.14 (1,411)(15)Total interest-bearing liabilities149,850 1,931 2.59 153,232 2,333 3.06 (3,382)(47)Noninterest-bearing demand deposits36,948 36,444 504 Other noninterest-bearing liabilities5,736 6,722 (986)Total liabilities192,534 196,398 (3,864)Stockholders’ equity24,455 23,598 857 Total liabilities and stockholders’ equity$216,989 $219,996 ($3,007)Interest rate spread2.27 %2.12 %15 Net interest income and net interest margin$2,828 2.91 %$2,852 2.88 %3 Net interest income and net interest margin, FTE(1)$2,836 2.92 %$2,861 2.89 %3 Memo: Total deposits (interest-bearing and noninterest-bearing demand)$173,420 $1,597 1.86 %$174,887 $1,952 2.24 %($1,467)(38) bps

(1) Net interest income and net interest margin on an FTE basis are non-GAAP financial measures. See “Non-GAAP Financial Measures” for more information.

Net interest income increased $27 million, or 2%, for the three months ended June 30, 2025 compared to the same period in 2024, driven by higher net interest margin, partially offset by a decline in average interest-earning assets. For the six months ended June 30, 2025, net interest income decreased $24 million, or 1%, compared to the same period in 2024, driven by a decline in average interest-earning assets, partially offset by higher net interest margin.

Net interest margin on an FTE basis increased 8 basis points and 3 basis points for the three and six months ended