Company: CFG-PE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000759944-25-000070
Chunk: 209

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 209
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, amortization and accretion123 102 Deferred income tax expense (benefit)(16)— Share-based compensation31 34 Net gain on sale of assets(9)(5)Net (increase) decrease in other assets34 (47)Net increase (decrease) in other liabilities(570)(206)Net change due to operating activities(213)554 INVESTING ACTIVITIESInvestment securities:Purchases of debt securities available for sale(2,365)(3,057)Proceeds from maturities and paydowns of debt securities available for sale846 593 Proceeds from sales of debt securities available for sale642 692 Proceeds from maturities and paydowns of debt securities held to maturity150 150 Net (increase) decrease in interest-bearing deposits in banks(50)13 Purchases of loans(188)(345)Sales of loans240 107 Net (increase) decrease in loans and leases(319)2,873 Capital expenditures, net(14)(10)Other(50)23 Net change due to investing activities(1,108)1,039 FINANCING ACTIVITIESNet increase (decrease) in deposits2,800 (914)Net increase (decrease) in short-term borrowed funds47 (496)Proceeds from issuance of long-term borrowed funds2,533 5,765 Repayments of long-term borrowed funds(2,675)(5,437)Treasury stock purchased(200)(300)Dividends paid to common stockholders(186)(197)Dividends paid to preferred stockholders(34)(31)Other(24)(12)Net change due to financing activities2,261 (1,622)Net change in cash and cash equivalents(1)940 (29)Cash and cash equivalents at beginning of period(1)10,601 11,628 Cash and cash equivalents at end of period(1)$11,541 $11,599 Non-cash items:Transfer of loans from loans held for investment to LHFS$1,876 $107 

(1) Cash and cash equivalents include cash and due from banks and interest-bearing cash and due from banks as reflected on the Consolidated Balance Sheets. 

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

Citizens Financial Group, Inc. | 38

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UN