Company: CFG-PE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000759944-25-000153
Chunk: 178

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-11-03
Form: 10-Q
Item: Part II, Item 8
Chunk 178
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 30,(dollars in millions, except per share data)2025202420252024Numerator (basic and diluted):Net income$494 $382 $1,303 $1,108 Less: Preferred stock dividends32 38 99 103 Less: Impact of preferred stock redemption5 — 5 — Net income available to common stockholders$457 $344 $1,199 $1,005 Denominator:Weighted-average common shares outstanding - basic431,365,552 446,561,996 434,416,696 453,993,833 Dilutive common shares: share-based awards4,106,798 3,351,471 3,498,900 2,467,497 Weighted-average common shares outstanding - diluted435,472,350 449,913,467 437,915,596 456,461,330 Earnings per common share:Basic$1.06 $0.77 $2.76 $2.21 Diluted(1)1.05 0.77 2.74 2.20 (1) Excluded from the computation of diluted EPS were weighted-average antidilutive shares totaling 3,454 and 141,698 for the three months ended September 30, 2025 and 2024, respectively, and 16,910 and 409,167 for the nine months ended September 30, 2025 and 2024, respectively.

NOTE 16 - BUSINESS SEGMENTS The Company is managed by its CODM, the Chief Executive Officer, on a segment basis. The Company’s three reportable business segments are Consumer Banking, Commercial Banking, and Non-Core. The business segments are determined based on the products and services provided, or the type of customer served. Each business segment has a segment head that reports directly to the Chief Executive Officer, who has final authority over resource allocation decisions and performance assessment. The business segments reflect this management structure and the manner in which financial information is currently evaluated by the Chief Executive Officer.The CODM utilizes segment pretax profit or loss as the primary measure to allocate resources to the Company’s business segments during the annual budgeting and forecasting process. This measure is also used to assess the performance of each segment, with a focus on monitoring net interest income, noninterest income, and noninterest expense. To ensure effective oversight, the CODM participates in monthly business review