Company: CFG-PE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000759944-25-000070
Chunk: 143

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 2
Chunk 143
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 (186)— — (186)Dividends declared - preferred stock— — — — — (33)— — (33)Treasury stock purchased— — (4)— — — (200)— (200)Share repurchase excise tax— — — — — — (2)— (2)Share-based compensation plans— — 1 — (1)— — — (1)Employee stock purchase plan — — — — 7 — — — 7 Total comprehensive income (loss):Net income— — — — — 373 — — 373 Other comprehensive income (loss)— — — — — — — 654 654 Total comprehensive income (loss)— — — — — 373 — 654 1,027 Balance at March 31, 20252 $2,113 438 $7 $22,370 $10,566 ($7,249)($2,941)$24,866 

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

Citizens Financial Group, Inc. | 37

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

Three Months Ended March 31,(dollars in millions)20252024OPERATING ACTIVITIESNet income$373 $334 Adjustments to reconcile net income to net change due to operating activities:Provision (benefit) for credit losses153 171 Net change in loans held for sale(332)171 Depreciation, 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