Citizens Financial Group, Inc. (CFG) financial statements (2020 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)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5191,8431,2291,2884,2554,1663,865
Cash and cash equivalents1,4721,7961,1821,0904,0743,9913,865
Short-term investments474747198181175 
Total current assets:1,5191,8431,2291,2884,2554,1663,865
Noncurrent Assets
Operating lease, right-of-use asset699712  
Property, plant and equipment761747740746791753720
Intangible assets, net (including goodwill)7,1127,0447,0407,0406,9546,9796,887
Goodwill7,0447,0447,0407,0406,9236,9466,887
Intangible assets, net (excluding goodwill)68   3133 
Total noncurrent assets:8,5728,5037,7807,7867,7457,7327,607
Other undisclosed assets155,642154,016153,740152,268148,518146,700143,959
TOTAL ASSETS:165,733164,362162,749161,342160,518158,598155,431
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2741,0771,4416792,8092,3801,825
Total current liabilities:2741,0771,4416792,8092,3801,825
Noncurrent Liabilities
Liabilities, other than long-term debt866752     
Deferred income tax liabilities866752  
Total noncurrent liabilities:866752     
Other undisclosed liabilities142,392140,682139,291139,132136,892135,942133,139
Total liabilities:143,532142,511140,732139,811139,701138,322134,964
Stockholders' equity
Stockholders' equity attributable to parent22,20121,85122,01721,53120,81720,27620,467
Preferred stock1,5701,1331,1331,132840543543
Common stock6666666
Treasury stock, value(4,353)(3,953)(3,453)(3,333)(3,133)(2,833)(2,433)
Additional paid in capital18,89118,87618,86018,84718,81518,81618,806
Accumulated other comprehensive loss(411)(440)(488)(793)(1,096)(1,318)(1,210)
Retained earnings6,4986,2295,9595,6725,3855,0624,755
Total stockholders' equity:22,20121,85122,01721,53120,81720,27620,467
TOTAL LIABILITIES AND EQUITY:165,733164,362162,749161,342160,518158,598155,431

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues1,6371,6381,6281,5881,5931,5641,509
Net investment income1,3951,3641,3991,3891,3551,2941,238
Cost of revenue(110)(101)(97)(85)(85)(78)(85)
Provision for loan, lease, and other losses(110)(101)(97)(85)(85)(78) 
Financial services costs(85)
Gross profit:1,5271,5371,5311,5031,5081,4861,424
Operating expenses(230)(208)(200)(193)(227)(188)(638)
Operating income:1,2971,3291,3311,3101,2811,298786
Interest and debt expense(358)(393)(414)(410)(370)(329)(290)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(398)(372)(337)(334)(354)(393)53
Income from continuing operations before income taxes:541564580566557576549
Income tax expense(91)(115)(127)(127)(92)(133)(124)
Net income attributable to parent:450449453439465443425
Preferred stock dividends and other adjustments(23)(17)(18)(15)(15)(7) 
Net income available to common stockholders, diluted:427432435424450436425

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:450449453439465443425
Other comprehensive income (loss)(288)(2)(1)303222(108)(65)
Comprehensive income:162447452742687335360
Other undisclosed comprehensive income (loss), net of tax, attributable to parent31750306(5)   
Comprehensive income, net of tax, attributable to parent:479497758737687335360

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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