Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 114

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 8
Chunk 114
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)284 98 14 (396)— Noninterest expense963 317 15 24 1,319 Profit (loss) before provision (benefit) for credit losses584 354 (17)(203)718 Provision (benefit) for credit losses81 84 2 (3)164 Income (loss) before income tax expense (benefit)503 270 (19)(200)554 Income tax expense (benefit)127 64 (5)(68)118 Net income (loss)$376 $206 ($14)($132)$436 Total average assets$78,822 $66,284 $5,216 $67,339 $217,661 (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 $32 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 June 30, 2024(dollars in millions)Consumer BankingCommercial BankingNon-CoreOtherConsolidatedNet interest income$1,120 $494 ($31)($173)$1,410 Noninterest income277 242 — 34 553 Total revenue 1,397 736 (31)(139)1,963 Direct expenses(1)(2)566 208 1 526 1,301 Indirect expenses(3)349 103 25 (477)— Noninterest expense915 311 26 49 1,301 Profit (loss) before provision (benefit) for credit losses482 425 (57)(188)662 Provision (benefit) for credit losses84 90 10 (2)182 Income (loss) before income tax expense (benefit)398 335 (67)(186)480 Income tax expense (benefit)102 76 (17)(73)88 Net income (loss)$296 $259 ($50)($113)$392 Total average assets $74,295 $68,958 $9,418 $66,551 $219,222 (1) Rep