Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 281

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 281
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2420252024Numerator (basic and diluted):Net income$436 $392 $809 $726 Less: Preferred stock dividends34 35 67 65 Net income available to common stockholders$402 $357 $742 $661 Denominator:Weighted-average common shares outstanding - basic433,640,210 454,142,489 435,967,554 457,750,585 Dilutive common shares: share-based awards2,899,564 2,418,533 3,375,149 2,258,961 Weighted-average common shares outstanding - diluted436,539,774 456,561,022 439,342,703 460,009,546 Earnings per common share:Basic$0.93 $0.79 $1.70 $1.44 Diluted(1)0.92 0.78 1.69 1.44 (1) Excluded from the computation of diluted EPS were weighted-average antidilutive shares totaling 1,703,819 and 1,206,158 for the three months ended June 30, 2025 and 2024, respectively, and 1,144,513 and 1,318,088 for the six months ended June 30, 2025 and 2024, respectively.

NOTE 16 - BUSINESS SEGMENTS The Company is managed by its CODM, the Chief Executive Officer, on a segment basis. The Company’s three reportable business segments are Consumer Banking, Commercial Banking, and Non-Core. The business segments are determined based on the products and services provided, or the type of customer served. Each business segment has a segment head that reports directly to the Chief Executive Officer, who has final authority over resource allocation decisions and performance assessment. The business segments reflect this management structure and the manner in which financial information is currently evaluated by the Chief Executive Officer.The CODM utilizes segment pretax profit or loss as the primary measure to allocate resources to the Company’s business segments during the annual budgeting and forecasting process. This measure is also used to assess the performance of each segment, with a focus on monitoring net interest income, noninterest income, and noninterest expense. To ensure effective oversight, the CODM participates in monthly business review meetings, where budget- and forecast-to-actual variances for pretax profit or loss and its components are analyzed. These evaluations inform the CODM