Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 222

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 222
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 intangibles134 144 138 149 Add: Average deferred tax liabilities related to goodwill and other intangible assets438 432 438 433 Average tangible common equity (non-GAAP)(2)$14,611 $13,527 $14,455 $13,659 Return on average tangible common equity (non-GAAP)(3)11.05 %10.61 %10.35 %9.73 %

(1) Represents the most directly comparable GAAP financial measure to return on average tangible common equity and is calculated based on annualized net income available to common stockholders divided by average common equity.

(2) Average tangible common equity is a non-GAAP financial measure that excludes the impact of intangible assets, net of deferred taxes.

(3) Return on average tangible common equity is a non-GAAP financial measure and is calculated based on annualized net income available to common stockholders divided by average tangible common equity. We believe this non-GAAP financial measure serves as a useful tool to compare the profitability of financial institutions and assess the efficiency of their capital utilization without the impact of intangible assets, net of deferred taxes.

Citizens Financial Group, Inc. | 34

Table 25: Reconciliation of Net Interest Income and Net Interest Margin on an FTE Basis (non-GAAP) Three Months Ended June 30,Six Months Ended June 30,(dollars in millions)2025202420252024Net interest income (annualized)$5,770 $5,674 $5,704 $5,735 Average interest-earning assets196,318 198,465 195,692 199,266 Net interest margin(1)2.94 %2.86 %2.91 %2.88 %Net interest income$1,437 $1,410 $2,828 $2,852 FTE adjustment4 5 8 9 Net interest income on an FTE basis (non-GAAP)(2)$1,441 $1,415 $2,836 $2,861 Net interest income on an FTE basis (annualized) (non-GAAP)(2)5,786 5,692 5,720 5,753 Net interest margin on an FTE basis (non-GAAP)(2)(3)2.95 %2.87 %2.92 %2.