Company: CFG-PE
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000759944-25-000013
Chunk: 684

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-13
Form: 10-K
Item: Item 3
Chunk 684
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,372$1,491$1,960 Weighted-average common shares outstanding:Basic450,678,038 475,089,384 475,959,815 Diluted453,510,245 476,693,148 477,803,142 Per common share information:Basic earnings$3.05 $3.14 $4.12 Diluted earnings3.03 3.13 4.10 

(1) See Note 1 for information regarding updates to the Consolidated Statements of Operations during 2024.

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

Citizens Financial Group, Inc. | 88

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Year Ended December 31,(dollars in millions)202420232022Net income$1,509 $1,608 $2,073 Other comprehensive income (loss):Net unrealized gains (losses) on cash flow hedge derivatives arising during the period, net of income taxes of ($194), ($39) and ($466), respectively(531)(106)(1,340)Reclassification adjustment for net (gains) losses on cash flow hedge derivatives included in net income, net of income taxes of $253, $161 and $30, respectively693 435 85 Net unrealized gains (losses) on AFS securities arising during the period, net of income taxes of ($27), $119 and ($868), respectively(90)350 (2,608)Reclassification of net securities (gains) losses to net income, net of income taxes of $19, $28 and ($2), respectively59 83 (7)Defined benefit plans: Actuarial gain (loss) arising during the period, net of income taxes of $7, $15 and ($15), respectively19 28 (37)Amortization of actuarial (gain) loss to net income, net of income taxes of $4, $5 and $2, respectively13 12 12 Total other comprehensive income (loss), net of income taxes163 802 (3,895)Total comprehensive income (loss)$1,672 $2,410 ($1,822)

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

Citizens Financial Group, Inc. | 89

CONSOLIDATED STATEMENTS OF CHANGES IN