Company: CFG-PE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000759944-25-000153
Chunk: 239

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 2
Chunk 239
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idends declared - common stock— — — — — (555)— — (555)Dividends declared - preferred stock— — — — — (99)— — (99)Preferred stock issued— 393 — — — — — — 393 Preferred stock redemption— (395)— — — (5)— — (400)Treasury stock purchased— — (12)— — — (475)— (475)Share repurchase excise tax— — — — — — (4)— (4)Share-based compensation plans— — 2 — 62 — — — 62 Employee stock purchase plan — — — — 22 — — — 22 Total comprehensive income (loss):Net income— — — — — 1,303 — — 1,303 Other comprehensive income (loss)— — — — — — — 1,328 1,328 Total comprehensive income (loss)— — — — — 1,303 — 1,328 2,631 Balance at September 30, 20252 $2,111 431 $7 $22,448 $11,056 ($7,526)($2,267)$25,829 

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

Citizens Financial Group, Inc. | 42

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

Nine Months Ended September 30,(dollars in millions)20252024OPERATING ACTIVITIESNet income$1,303 $1,108 Adjustments to reconcile net income to net change due to operating activities:Provision (benefit) for credit losses471 525 Net change in Loans held for sale(81)62 Depreciation, amortization, and accretion366 374 Deferred income tax expense (benefit)(93)(50)Share-based compensation97 76 Net gain on sale of assets(16)(14)Net (increase) decrease in Other assets357 (14)Net increase (decrease) in Other liabilities(35)(549)Net change due to operating activities2,369