Company: CFG-PE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000759944-25-000153
Chunk: 231

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 2
Chunk 231
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(3) Tangible book value per common share is a non-GAAP financial measure and is calculated based on tangible common equity divided by common shares outstanding at period end. We believe this non-GAAP financial measure serves as a useful tool to help evaluate the strength and discipline of a company’s capital management strategies and as a conservative measure of total company value.

Table 24: Reconciliation of Return on Average Tangible Common Equity (non-GAAP) Three Months Ended September 30,Nine Months Ended September 30,(dollars in millions)2025202420252024Return on average common equity(1)7.77 %6.12 %7.07 %6.15 %Net income available to common stockholders$457 $344 $1,199 $1,005 Net income available to common stockholders (annualized)1,811 1,369 1,602 1,342 Return on average tangible common equity:Average common equity$23,288 $22,380 $22,661 $21,838 Less: Average goodwill8,187 8,187 8,187 8,187 Less: Average other intangibles126 140 134 146 Add: Average deferred tax liabilities related to goodwill and other intangible assets440 435 439 433 Average tangible common equity (non-GAAP)(2)$15,415 $14,488 $14,779 $13,938 Return on average tangible common equity (non-GAAP)(3)11.75 %9.45 %10.84 %9.63 %

(1) Represents the most directly comparable GAAP financial measure to return on average tangible common equity and is calculated based on annualized net income available to common stockholders divided by average common equity.

(2) Average tangible common equity is a non-GAAP financial measure that excludes the impact of intangible assets, net of deferred taxes.

(3) Return on average tangible common equity is a non-GAAP financial measure and is calculated based on annualized net income available to common stockholders divided by average tangible common equity. We believe this non-GAAP financial measure serves as a useful tool to compare the profitability of financial institutions and assess the efficiency of their capital utilization without the impact of intangible assets, net of deferred taxes.

Citizens Financial Group, Inc. | 35

Table 25: Reconciliation of Net Interest Income and Net