Company: CFG-PE
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000759944-25-000013
Chunk: 993

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 993
---
 Common stockholders’ equity (GAAP)$22,141 $22,329 Less: Goodwill (GAAP)8,187 8,188 Less: Other intangible assets (GAAP)146 157 Add: Deferred tax liabilities related to goodwill and other intangible assets (GAAP)438 433 Tangible common equityT$14,246 $14,417 Tangible book value per common shareT/S$32.34 $30.91 Net income per average common share - basic and diluted and net income per average common share - basic and diluted, Underlying: Average common shares outstanding - basic (GAAP)U450,678,038 475,089,384 Average common shares outstanding - diluted (GAAP)V453,510,245 476,693,148 Net income per average common share - basic (GAAP)M/U$3.05 $3.14 Net income per average common share - diluted (GAAP)M/V3.03 3.13 Net income per average common share-basic, Underlying (non-GAAP)N/U3.26 3.89 Net income per average common share-diluted, Underlying (non-GAAP)N/V3.24 3.88 

Citizens Financial Group, Inc. | 79

Year Ended December 31,(dollars in millions, except per share data)Ref.       2024       2023Dividend payout ratio and dividend payout ratio, Underlying:Cash dividends declared and paid per common shareW$1.68 $1.68 Dividend payout ratioW/(M/U)55 %54 %Dividend payout ratio, Underlying (non-GAAP)W/(N/U)52 43 

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Quantitative and qualitative disclosures about market risk are presented in the “Market Risk” section of Part II, Item 7 and is incorporated herein by reference.

Citizens Financial Group, Inc. | 80

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

PageReport of Management on Internal Control Over Financial Reporting82Report of Independent Registered Public Accounting Firm on the Consolidated Financial Statements (PCAOB ID No. 34)83Report of Independent Registered Public Accounting Firm on Internal Control Over Financial Reporting86Consolidated Balance