Company: CFG-PE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000759944-25-000153
Chunk: 235

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 2
Chunk 235
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 7,724 INTEREST EXPENSE:Deposits 816 990 2,413 2,942 Short-term borrowed funds5 3 22 14 Long-term borrowed funds149 177 466 547 Total interest expense970 1,170 2,901 3,503 Net interest income1,488 1,369 4,316 4,221 Provision (benefit) for credit losses154 172 471 525 Net interest income after provision (benefit) for credit losses1,334 1,197 3,845 3,696 NONINTEREST INCOME:Service charges and fees112 109 332 311 Capital markets fees166 94 371 346 Card fees87 93 260 271 Wealth fees93 76 262 219 Mortgage banking fees49 46 181 149 Foreign exchange and derivative products42 36 122 111 Letter of credit and loan fees48 45 137 130 Securities gains, net2 9 14 14 Other income31 24 95 51 Total noninterest income630 532 1,774 1,602 NONINTEREST EXPENSE:Salaries and employee benefits705 647 2,082 1,983 Equipment and software197 194 584 576 Outside services161 146 485 469 Occupancy106 108 326 335 Other operating expense166 164 491 555 Total noninterest expense1,335 1,259 3,968 3,918 Income before income tax expense 629 470 1,651 1,380 Income tax expense135 88 348 272 NET INCOME$494 $382 $1,303 $1,108 Net income available to common stockholders$457 $344 $1,199 $1,005 Weighted-average common shares outstanding:Basic431,365,552 446,561,996 434,416,696 453,993,833 Diluted435,472,350 449,913,467 437,915,596 456,461,330 Per common share information:Basic earnings $1.06 $0.77 $2.76 $2.21 Diluted earnings 1.05 0