Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 7

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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$809 $726 Adjustments to reconcile net income to net change due to operating activities:Provision (benefit) for credit losses317 353 Net change in Loans held for sale(297)85 Depreciation, amortization, and accretion247 245 Deferred income tax expense (benefit)(115)(32)Share-based compensation74 55 Net gain on sale of assets(14)(5)Net (increase) decrease in Other assets359 277 Net increase (decrease) in Other liabilities(707)(316)Net change due to operating activities673 1,388 INVESTING ACTIVITIESInvestment securities:Purchases of debt securities available for sale(4,125)(4,487)Proceeds from maturities and paydowns of debt securities available for sale1,809 1,318 Proceeds from sales of debt securities available for sale1,117 703 Proceeds from maturities and paydowns of debt securities held to maturity348 324 Net (increase) decrease in Interest-bearing deposits in banks(45)(154)Purchases of loans(503)(440)Sales of loans911 125 Net (increase) decrease in Loans and leases(1,821)3,831 Capital expenditures, net(47)(40)Other(180)38 Net change due to investing activities(2,536)1,218 FINANCING ACTIVITIESNet increase (decrease) in Deposits310 (990)Net increase (decrease) in Short-term borrowed funds249 (503)Proceeds from issuance of long-term borrowed funds6,033 10,853 Repayments of long-term borrowed funds(5,926)(11,256)Treasury stock purchased(400)(500)Net proceeds from issuance of preferred stock— 391 Dividends paid to common stockholders(371)(391)Dividends paid to preferred stockholders(67)(61)Other(18)(6)Net change due to financing activities(190)(2,463)Net change in cash and cash equivalents(1)(2,053)143 Cash and cash equivalents at beginning of period(1)10,601 11,628 Cash and cash equivalents at end of period(1)$8,548 $11,771 Non-cash items:Transfer of loans from loans held for investment to LHFS$1,918 $215 Loans securitized