Company: CFG-PE
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000759944-25-000013
Chunk: 918

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-13
Form: 10-K
Item: Item 6
Chunk 918
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 stock, at cost, 209,524,943 and 181,411,665 shares at December 31, 2024 and 2023, respectively(7,047)(5,986)Accumulated other comprehensive income (loss)(3,595)(3,758)TOTAL STOCKHOLDERS’ EQUITY24,254 24,342 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY$217,521 $221,964 

(1) Includes amounts in consolidated VIEs. See Note 11 for additional information.

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

(3) See Note 1 for information regarding updates to the Consolidated Balance Sheets during 2024.

(4) 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. | 87

CONSOLIDATED STATEMENTS OF OPERATIONS

Year Ended December 31, (dollars in millions, except per share data)202420232022INTEREST INCOME:Interest and fees on loans and leases$7,948 $8,489 $5,968 Interest and fees on loans held for sale(1)77 102 124 Investment securities 1,658 1,162 840 Interest-bearing deposits in banks 503 451 128 Total interest income10,186 10,204 7,060 INTEREST EXPENSE:Deposits3,825 3,145 651 Short-term borrowed funds15 43 23 Long-term borrowed funds713 775 374 Total interest expense4,553 3,963 1,048 Net interest income5,633 6,241 6,012 Provision (benefit) for credit losses687 687 474 Net interest income after provision (benefit) for credit losses4,946 5,554 5,538 NONINTEREST INCOME:Service charges and fees420 410 420 Capital markets fees467 319 368 Card fees368 296 273 Wealth fees(1)294 259 249 Mortgage banking fees209 242 261 Foreign exchange and derivative products146 183 188 Letter of credit and loan fees175 168 159 Securities gains,