Company: CFG-PE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000759944-25-000070
Chunk: 116

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 2
Chunk 116
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 segments.

The following table presents certain financial data of our business segments. Total business segment financial results differ from total consolidated financial results. These differences are reflected in Other non-segment operations. Non-segment operations are classified as Other and include assets, liabilities, capital, revenues, provision (benefit) for credit losses, expenses and income tax expense not attributed to the Company’s Consumer Banking, Commercial Banking, or Non-Core segments, as well as treasury and community development.

Table 15: Selected Financial Data for Business SegmentsThree Months Ended March 31,Consumer BankingCommercial BankingNon-Core(dollars in millions)202520242025202420252024Net interest income$1,193 $1,093 $441 $514 ($15)($37)Noninterest income297 258 215 227 — — Total revenue1,490 1,351 656 741 (15)(37)Noninterest expense954 903 327 317 16 25 Profit (loss) before credit losses536 448 329 424 (31)(62)Net charge-offs86 81 77 81 37 19 Income (loss) before income tax expense (benefit)450 367 252 343 (68)(81)Income tax expense (benefit)114 95 56 84 (17)(21)Net income (loss)$336 $272 $196 $259 ($51)($60)Average Balances: Total assets$77,534 $73,833 $65,366 $70,100 $6,536 $10,554 Total loans and leases(1)71,054 67,448 62,437 67,187 6,510 10,507 Deposits125,728 120,019 42,178 45,912 — — Interest-earning assets71,635 68,050 63,018 67,536 6,510 10,507 

(1)  Includes LHFS.

Consumer Banking 

Net interest income increased $100 million for the three months ended March 31, 2025, compared to the same period in 2024, driven by higher net interest margin, growth in average interest-earning assets, and lower funding costs.

Noninterest income increased $39 million for the three months ended March 31, 2025, compared to the same