Citizens Financial Group, Inc. Website

Citizens Financial Group, Inc.

NYSE-CFG

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Interest Income On Loans

5,517

4,827

4,348

6,092

8,591

8,459

Interest Income On Investments

672

530

503

968

1,613

1,997

Interest Income, Total

6,189

5,357

4,851

7,060

10,204

10,456

Interest On Deposits

1,155

509

160

651

3,145

3,824

Total Interest On Borrowings

420

262

179

397

818

770

Interest Expense, Total

1,575

771

339

1,048

3,963

4,594

Net Interest Income

4,614

4,586

4,512

6,012

6,241

5,862

Trust Income

202

203

239

249

259

274

Total Mortgage Banking Activities

302

915

434

261

242

229

Gain (Loss) on Sale of Invest. & Securities

19

4

10

9

28

19

Total Other Non Interest Income

1,354

1,197

1,452

1,490

1,454

1,540

Non Interest Income, Total

1,877

2,319

2,135

2,009

1,983

2,062

Revenues Before Provison For Loan Losses

6,491

6,905

6,647

8,021

8,224

7,924

Provision For Loan Losses

393

1,616

-411

474

687

696

Total Revenues

6,098

5,289

7,058

7,547

7,537

7,228

Total Revenues % Chg.

5.1%

-13.3%

33.4%

6.9%

-0.1%

-9.3%

Salaries And Other Employee Benefits

1,971

2,075

2,073

2,465

2,512

2,575

Amort. of Goodwill & Intang. Assets

—

—

—

—

—

—

—

—

Occupancy Expense

—

333

331

333

410

492

492

Selling General & Admin Expenses, Total

1,179

1,266

1,375

1,598

1,717

1,676

Total Other Non Interest Expense

364

319

300

419

786

821

Non Interest Expense, Total

3,847

3,991

4,081

4,892

5,507

5,564

EBT, Excl. Unusual Items

2,251

1,298

2,977

2,655

2,030

1,664

Restructuring Charges

—

—

—

—

—

—

—

—

—

—

Asset Writedown

—

—

—

—

—

—

—

—

—

—

EBT, Incl. Unusual Items

2,251

1,298

2,977

2,655

2,030

1,664

Income Tax Expense

460

241

658

582

422

319

Earnings From Continuing Operations

1,791

1,057

2,319

2,073

1,608

1,345

Net Income

1,791

1,057

2,319

2,073

1,608

1,345

Preferred Dividend and Other Adjustments

—

73

107

113

113

117

125

Net Income to Common Incl Extra Items

1,718

950

2,206

1,960

1,491

1,220

Net Income to Common Excl. Extra Items

1,718

950

2,206

1,960

1,491

1,220

Total Shares Outstanding

433.1

427.2

422.1

492.3

466.4

453

Weighted Avg. Shares Outstanding

449.7

427.1

425.7

476

475.1

462.7

Weighted Avg. Shares Outstanding Dil

451.2

428.2

427.4

477.8

476.7

464.6

EPS

3.8

2.2

5.2

4.1

3.1

2.6

EPS Diluted

3.8

2.2

5.2

4.1

3.1

2.6

Effective Tax Rate

20.4%

18.6%

22.1%

21.9%

20.8%

19.2%