Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 226

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 226
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1,144 1,070 NONINTEREST EXPENSE:Salaries and employee benefits681 645 1,377 1,336 Equipment and software193 190 387 382 Outside services169 165 324 323 Occupancy108 113 220 227 Other operating expense168 188 325 391 Total noninterest expense1,319 1,301 2,633 2,659 Income before income tax expense 554 480 1,022 910 Income tax expense118 88 213 184 NET INCOME$436 $392 $809 $726 Net income available to common stockholders$402 $357 $742 $661 Weighted-average common shares outstanding:Basic433,640,210 454,142,489 435,967,554 457,750,585 Diluted436,539,774 456,561,022 439,342,703 460,009,546 Per common share information:Basic earnings $0.93 $0.79 $1.70 $1.44 Diluted earnings 0.92 0.78 1.69 1.44 

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

Citizens Financial Group, Inc. | 38

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

Three Months Ended June 30,Six Months Ended June 30,(dollars in millions)2025202420252024Net income$436 $392 $809 $726 Other comprehensive income (loss):Cash flow hedges:Net unrealized gains (losses) on cash flow hedge derivatives arising during the period, net of income taxes of $30, ($48), $106, and ($193), respectively83 (129)291 (534)Reclassification adjustment for net (gains) losses on cash flow hedge derivatives included in net income, net of income taxes of $53, $62, $107, and $116, respectively145 170 293 319 AFS securities:Net unrealized gains (losses) on AFS securities arising during the period, net of income taxes of $20, ($9), $115, and ($65), respectively56 (29)338 (202)Reclassification of net securities (gains) losses on