Company: CFG-PE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000759944-25-000153
Chunk: 117

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 117
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 Card fees213 40 — 13 266 Capital markets fees— 330 — — 330 Wealth fees219 — — — 219 Other banking fees2 8 — 1 11 Total revenue from contracts with customers$647 $475 $— $14 $1,136 Total revenue from other sources(1)173 201 — 92 466 Total noninterest income$820 $676 $— $106 $1,602 (1) Includes bank-owned life insurance income of $30 million and $26 million for the three months ended September 30, 2025 and 2024, respectively, and $85 million and $80 million for the nine months ended September 30, 2025 and 2024, respectively.For the three months ended September 30, 2025 and 2024, the Company recognized trailing commissions of $4 million related to previous investment sales. For the nine months ended September 30, 2025 and 2024, the Company recognized $12 million and $11 million, respectively.

NOTE 14 - OTHER OPERATING EXPENSE The following table presents the details of Other operating expense:Three Months Ended September 30,Nine Months Ended September 30,(dollars in millions)2025202420252024Marketing$44 $40 $129 $124 Deposit insurance(1)32 40 108 162 Other90 84 254 269 Other operating expense$166 $164 $491 $555 (1) Includes an industry-wide FDIC special assessment of $40 million for the nine months ended September 30, 2024.

Citizens Financial Group, Inc. | 77

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 September 30,Nine Months Ended September