Company: CFG-PE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000759944-25-000070
Chunk: 144

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 2
Chunk 144
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 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 (UNAUDITED)

NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES Basis of PresentationThe accompanying unaudited interim Consolidated Financial Statements and Notes have been prepared in accordance with the instructions for Form 10-Q and, therefore, do not include all information and notes included in annual financial statements prepared in accordance with GAAP. The Consolidated Financial Statements include all adjustments, consisting of normal recurring adjustments, necessary for the fair presentation of the interim period results presented. These unaudited interim financial statements and notes should be read in conjunction with the audited Consolidated Financial Statements and Notes included in the Company’s 2024 Form 10-K. The results of operations for interim periods are not necessarily indicative of the results that may be expected for the full