Company: CFG-PE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000759944-25-000070
Chunk: 140

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 2
Chunk 140
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’ EQUITY:Preferred stock:$25.00 par value,100,000,000 shares authorized; 2,150,000 shares issued and outstanding at March 31, 2025 and December 31, 20242,113 2,113 Common stock:$0.01 par value, 1,000,000,000 shares authorized; 651,676,964 shares issued and 437,668,127 shares outstanding at March 31, 2025 and 650,068,324 shares issued and 440,543,381 shares outstanding at December 31, 20247 7 Additional paid-in capital22,370 22,364 Retained earnings10,566 10,412 Treasury stock, at cost, 214,008,837 and 209,524,943 shares at March 31, 2025 and December 31, 2024, respectively(7,249)(7,047)Accumulated other comprehensive income (loss)(2,941)(3,595)TOTAL STOCKHOLDERS’ EQUITY24,866 24,254 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY$220,148 $217,521 

(1) Includes amounts in consolidated VIEs. See Note 6 for additional information.

(2) Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.

(3) Excludes MSRs, which are reported in Other assets.

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

Citizens Financial Group, Inc. | 34

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

Three Months Ended March 31, (dollars in millions, except per share data)20252024INTEREST INCOME:Interest and fees on loans and leases$1,829 $2,051 Interest and fees on loans held for sale16 20 Investment securities 418 399 Interest-bearing deposits in banks 89 140 Total interest income2,352 2,610 INTEREST EXPENSE:Deposits 795 987 Short-term borrowed funds8 7 Long-term borrowed funds158 174 Total interest expense961 1,168 Net interest income1,391 1,442 Provision (benefit) for credit losses153 171 Net interest income after provision (benefit) for