Citizens Financial Group, Inc. (CFG) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4091,2891,6131,4821,5191,8431,229
Cash and cash equivalents1,3431,2321,5631,4351,4721,7961,182
Short-term investments66575047474747
Total current assets:1,4091,2891,6131,4821,5191,8431,229
Noncurrent Assets
Operating lease, right-of-use asset800   699712 
Property, plant and equipment759747751746761747740
Intangible assets, net (including goodwill)7,1087,0507,0507,1167,1127,0447,040
Goodwill7,0507,0507,0507,0507,0447,0447,040
Intangible assets, net (excluding goodwill)58  6668  
Total noncurrent assets:8,6677,7977,8017,8628,5728,5037,780
Other undisclosed assets173,273170,142170,460167,375155,642154,016153,740
TOTAL ASSETS:183,349179,228179,874176,719165,733164,362162,749
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2432522551,0592741,0771,441
Total current liabilities:2432522551,0592741,0771,441
Noncurrent Liabilities
Liabilities, other than long-term debt629638709782866752 
Deferred income tax liabilities629638709782866752 
Total noncurrent liabilities:629638709782866752 
Other undisclosed liabilities159,804155,869156,492152,928142,392140,682139,291
Total liabilities:160,676156,759157,456154,769143,532142,511140,732
Stockholders' equity
Stockholders' equity attributable to parent22,67322,46922,41821,95022,20121,85122,017
Preferred stock1,9651,9651,9651,5701,5701,1331,133
Common stock6666666
Treasury stock, value(4,623)(4,623)(4,623)(4,623)(4,353)(3,953)(3,453)
Additional paid in capital18,94018,92218,90818,90118,89118,87618,860
Accumulated other comprehensive income (loss)(60)109485(411)(440)(488)
Retained earnings6,4456,1896,0686,0116,4986,2295,959
Total stockholders' equity:22,67322,46922,41821,95022,20121,85122,017
TOTAL LIABILITIES AND EQUITY:183,349179,228179,874176,719165,733164,362162,749

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues1,7071,7911,7501,6571,6371,6381,628
Net investment income1,1281,1591,2201,3311,3951,3641,399
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(124)(428)(464)(600)(110)(101)(97)
Gross profit:1,5831,3631,2861,0571,5271,5371,531
Operating expenses(232)(220)(213)(219)(230)(208)(200)
Operating income:1,3511,1431,0738381,2971,3291,331
Interest and debt expense(120)(143)(190)(318)(358)(393)(414)
Other undisclosed loss from continuing operations before equity method investments, income taxes(660)(625)(576)(475)(398)(372)(337)
Income from continuing operations before income taxes:57137530745541564580
Income tax expense(115)(61)(54)(11)(91)(115)(127)
Net income attributable to parent:45631425334450449453
Preferred stock dividends and other adjustments(32)(25)(28)(22)(23)(17)(18)
Net income available to common stockholders, diluted:42428922512427432435

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:45631425334450449453
Other comprehensive loss(90)(1) (1)(288)(2)(1)
Comprehensive income:36631325333162447452
Other undisclosed comprehensive income (loss), net of tax, attributable to parent20(83)949731750306
Comprehensive income, net of tax, attributable to parent:386230262530479497758

Statements sources

The financial statements are based on the company's filings with the 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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