Citizens Financial Group, Inc. (CFG) Financial Statements (2024 and earlier)

Company Profile

Business Address 1 CITIZENS PLAZA
PROVIDENCE, RI 02903
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,1201,7461,9451,6472,0632,038
Cash and cash equivalents1,9731,6031,7921,4961,9251,908
Short-term investments147143153151138130
Total current assets:2,1201,7461,9451,6472,0632,038
Noncurrent Assets
Operating lease, right-of-use asset   1,019   
Property, plant and equipment876866844827885793
Intangible assets, net (including goodwill)8,3638,3628,5678,3598,2927,232
Goodwill8,1888,1778,1738,1608,0817,232
Intangible assets, net (excluding goodwill)175185394199211 
Total noncurrent assets:9,2399,22810,4309,1869,1778,025
Other undisclosed assets211,707211,282214,358213,851215,472182,034
TOTAL ASSETS:223,066222,256226,733224,684226,712192,097
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1,0991,01832633,76325
Total current liabilities:1,0991,01832633,76325
Noncurrent Liabilities
Other undisclosed liabilities198,382197,037203,040201,275198,621169,998
Total liabilities:199,481198,055203,043201,538202,384170,023
Equity
Equity, attributable to parent23,58524,20123,69023,14624,32822,074
Preferred stock2,0142,0142,0142,0142,0142,014
Common stock666666
Treasury stock, value(5,734)(5,475)(5,071)(4,920)(4,920)(4,918)
Additional paid in capital22,20722,18322,14222,12122,10019,021
Accumulated other comprehensive loss(4,563)(3,943)(4,560)(4,823)(3,218)(2,258)
Retained earnings9,6559,4169,1598,7488,3468,209
Total equity:23,58524,20123,69023,14624,32822,074
TOTAL LIABILITIES AND EQUITY:223,066222,256226,733224,684226,712192,097

Income Statement (P&L) ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues2,0942,1282,2002,1771,9991,645
Net investment income2,2642,1361,9941,7261,4251,075
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
      (3)
Gross profit:2,0942,1282,2002,1771,9991,642
Operating expenses(313)(300)(280)(278)(300)(252)
Operating income:1,7811,8281,9201,8991,6991,390
Interest and debt expense(943)(759)(557)(304)(121)(66)
Income from continuing operations before equity method investments, income taxes:8381,0691,3631,5951,5781,324
Other undisclosed loss from continuing operations before income taxes(226)(405)(535)(782)(1,100)(788)
Income from continuing operations before income taxes:612664828813478536
Income tax expense(134)(153)(175)(177)(114)(116)
Income from continuing operations:478511653636364420
Income before gain (loss) on sale of properties:636364420
Net income attributable to parent:478511653636364420
Preferred stock dividends and other adjustments(34)(23)(32)(25)(32)(24)
Net income available to common stockholders, diluted:444488621611332396

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:478511653636364420
Other comprehensive income (loss)(1)(1)1,358(2)2(1)
Comprehensive income:4775102,011634366419
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(619)618(1,095)(1,603)(962)(1,592)
Comprehensive income (loss), net of tax, attributable to parent:(142)1,128916(969)(596)(1,173)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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