Company: CFG-PE
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000759944-25-000013
Chunk: 64

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-13
Form: 10-K
Item: Item 3
Chunk 64
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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 Sheets87Consolidated Statements of Operations88Consolidated Statements of Comprehensive Income89Consolidated Statements of Changes in Stockholders’ Equity90Consolidated Statements of Cash Flows91Notes to Consolidated Financial Statements93Note 1 - Significant Accounting Policies93Note 2 - Acquisitions94Note 3 - Cash and Due from Banks95Note 4 - Securities95Note 5 - Loans and Leases99Note 6 - Credit Quality and the Allowance for Credit Losses101Note 7 - Premises, Equipment and Software115Note 8 - Mortgage Banking and Other Serviced Loans116Note 9 - Leases118Note 10 - Goodwill and