Company: CFG-PE
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000759944-25-000013
Chunk: 991

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 991
---
1,888 $2,030 Less: Income (expense) before income tax expense (benefit) related to notable items(141)(506)Income before income tax expense, Underlying (non-GAAP)H$2,029 $2,536 Income tax expense and effective income tax rate, Underlying:Income tax expense (GAAP)I$379 $422 Less: Income tax expense (benefit) related to notable items(43)(149)Income tax expense, Underlying (non-GAAP)J$422 $571 Effective income tax rate (GAAP)I/G20.06 %20.76 %Effective income tax rate, Underlying (non-GAAP)J/H20.80 22.48 Net income, Underlying:Net income (GAAP)K$1,509 $1,608 Add: Notable items, net of income tax benefit98 357 Net income, Underlying (non-GAAP)L$1,607 $1,965 Net income available to common stockholders, Underlying:Net income available to common stockholders (GAAP)M$1,372 $1,491 Add: Notable items, net of income tax benefit98 357 Net income available to common stockholders, Underlying (non-GAAP)N$1,470 $1,848 Return on average common equity and return on average common equity, Underlying:Average common equity (GAAP)O$21,881 $21,592 Return on average common equityM/O6.27 %6.90 %Return on average common equity, Underlying (non-GAAP)N/O6.72 8.56 

Citizens Financial Group, Inc. | 78

Year Ended December 31,(dollars in millions, except per share data)Ref.       2024       2023Return on average tangible common equity and return on average tangible common equity, Underlying:Average common equity (GAAP)O$21,881 $21,592 Less: Average goodwill (GAAP)8,187 8,184 Less: Average other intangibles (GAAP)143 177 Add: Average deferred tax liabilities related to goodwill and other intangible assets (GAAP)433 422 Average tangible common equityP$13,984 $13,653 Return on average tangible common equity