cfg: the income statement

MyFinsight

CITIZENS FINANCIAL GROUP INC RI (CFG)

For the quarter ending 2025-06-30, CFG made $3,007M in revenue. $436M in net income. Net profit margin of 14.50%.

Unit: Million (M) dollars (except for numbers of shares and EPS)

	2025-06-30	2025-03-31	2024-09-30	2024-06-30
Income tax expense	118	95	88	88
Other income	42	22	24	10
Mortgage banking fees	73	59	46	54
Securities gains, net	5	7	9	-
Wealth fees	88	81	76	75
Service charges and fees	111	109	109	106
Letter of credit and loan fees	45	44	45	43
Foreign exchange and derivative products	41	39	36	39
Card fees	90	83	93	92
Capital markets fees	105	100	94	134
Total noninterest income	600	544	532	553
Outside services	169	155	146	165
Other operating expense	168	157	164	188
Occupancy	108	112	108	113
Salaries and employee benefits	681	696	647	645
Equipment and software	193	194	194	190
Total noninterest expense	1,319	1,314	1,259	1,301
Short-term borrowed funds	9	8	3	4
Long-term borrowed funds	159	158	177	196
Deposits	802	795	990	965
Total interest expense	970	961	1,170	1,165
Interest and fees on other loans held for sale	-	-	1	4
Interest-bearing deposits in banks	92	89	121	130
Interest and fees on loans held for sale	36	16	18	13
Interest and fees on loans and leases	1,851	1,829	1,976	2,011
Investment securities	428	418	423	417
Total interest income	2,407	2,352	2,539	2,575
Net interest income	1,437	1,391	1,369	1,410
Provision (benefit) for credit losses	164	153	172	182
Net interest income after provision (benefit) for credit losses	1,273	1,238	1,197	1,228
Income before income tax expense	554	468	470	480
Net income	436	373	382	392

Basic (in shares)	433,640,210	438,320,757	446,561,996	454,142,489
Basic earnings (in dollars per share)	0.93	0.78	0.77	0.79
Diluted (in shares)	436,539,774	442,200,180	449,913,467	456,561,022
Diluted earnings (in dollars per share)	0.92	0.77	0.77	0.78

Unit: Million (M) dollars (except for numbers of shares and EPS)