Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 57

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 57
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 three months ended June 30, 2025 and 2024, the Company recognized trailing commissions of $4 million and $3 million, respectively, related to previous investment sales. For the six months ended June 30, 2025 and 2024, the Company recognized $8 million and $7 million, respectively.

NOTE 14 - OTHER OPERATING EXPENSE The following table presents the details of Other operating expense:Three Months Ended June 30,Six Months Ended June 30,(dollars in millions)2025202420252024Marketing$45 $49 $85 $84 Deposit insurance(1)38 46 76 122 Other85 93 164 185 Other operating expense$168 $188 $325 $391 (1) Includes an industry-wide FDIC special assessment of $5 million and $40 million for the three and six months ended June 30, 2024, respectively.

Citizens Financial Group, Inc. | 75

NOTE 15 - EARNINGS PER SHAREBasic EPS is the amount of earnings, adjusted for preferred stock dividends and the impact of issuance costs associated with preferred stock redemptions, available to each share of common stock outstanding during the reporting period. Diluted EPS is the amount of earnings available to each share of common stock outstanding during the reporting period adjusted to include the effect of potentially dilutive common shares, which include incremental shares issued for share-based payment awards. Potentially dilutive common shares are excluded from the computation of diluted EPS in periods in which the effect would be antidilutive.The following table presents the calculation of basic and diluted EPS:Three Months Ended June 30,Six Months Ended June 30,(dollars in millions, except per share data)2025202420252024Numerator (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