$CFG-PE
CITIZENS FINANCIAL GROUP INC/RI
CIK:0000759944|SEC Filings
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions |
6 Months Ended | |||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
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| OPERATING ACTIVITIES | ||||
| Net income | $ 1,104 | $ 809 | ||
| Adjustments to reconcile net income to net change due to operating activities: | ||||
| Provision (benefit) for credit losses | 274 | 317 | ||
| Net change in Loans held for sale | (248) | (297) | ||
| Depreciation, amortization, and accretion | 212 | 247 | ||
| Deferred income tax expense (benefit) | (6) | (115) | ||
| Share-based compensation | 82 | 74 | ||
| Net gain on sale of assets | (13) | (14) | ||
| Net (increase) decrease in Other assets | (502) | 359 | ||
| Net increase (decrease) in Other liabilities | 60 | (707) | ||
| Net change due to operating activities | 963 | 673 | ||
| Investment securities: | ||||
| Purchases of debt securities available for sale | (5,654) | (4,125) | ||
| Proceeds from maturities and paydowns of debt securities available for sale | 2,416 | 1,809 | ||
| Proceeds from sales of debt securities available for sale | 1,183 | 1,117 | ||
| Proceeds from maturities and paydowns of debt securities held to maturity | 349 | 348 | ||
| Net (increase) decrease in Interest-bearing deposits in banks | (146) | (45) | ||
| Purchases of loans | (103) | (503) | ||
| Sales of loans | 550 | 911 | ||
| Net (increase) decrease in Loans and leases | (5,523) | (1,821) | ||
| Capital expenditures | (21) | (47) | ||
| Other | (314) | (180) | ||
| Net change due to investing activities | (7,263) | (2,536) | ||
| FINANCING ACTIVITIES | ||||
| Net increase (decrease) in Deposits | 2,307 | 310 | ||
| Net increase (decrease) in Short-term borrowed funds | 1,101 | 249 | ||
| Proceeds from issuance of long-term borrowed funds | 10,647 | 6,033 | ||
| Repayments of long-term borrowed funds | (6,693) | (5,926) | ||
| Treasury stock purchased | (525) | (400) | ||
| Dividends paid to common stockholders | (396) | (371) | ||
| Dividends paid to preferred stockholders | (71) | (67) | ||
| Other | (37) | (18) | ||
| Net change due to financing activities | 6,333 | (190) | ||
| Net change in cash and cash equivalents | [1] | 33 | (2,053) | |
| Cash and cash equivalents at beginning of period | [1] | 12,727 | 10,601 | |
| Cash and cash equivalents at end of period | [1] | 12,760 | 8,548 | |
| Non-cash items: | ||||
| Transfer of loans from loans held for investment to LHFS | $ 389 | $ 1,918 | ||
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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions |
Jun. 30, 2026 |
Dec. 31, 2025 |
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|---|---|---|---|---|---|---|---|---|
| ASSETS: | ||||||||
| Cash and due from banks | $ 1,219 | $ 1,464 | ||||||
| Interest-bearing cash and due from banks | 11,541 | 11,263 | ||||||
| Interest-bearing deposits in banks | [1] | 1,107 | 961 | |||||
| Debt securities available for sale, at fair value (including $158 and $108 pledged to creditors, respectively) | [2] | 37,448 | 35,697 | |||||
| Debt securities held to maturity (fair value of $6,784 and $7,150, respectively, and including $60 and $67 pledged to creditors, respectively) | [2] | 7,638 | 7,933 | |||||
| Loans held for sale (includes $1,069 and $1,065, respectively, measured at fair value) | 1,458 | 1,198 | ||||||
| Loans and leases | 147,491 | 142,692 | ||||||
| Less: Allowance for loan and lease losses | (1,969) | (1,943) | ||||||
| Net loans and leases | [1] | 145,522 | 140,749 | |||||
| Premises and equipment, net | 873 | 915 | ||||||
| Bank-owned life insurance | 3,470 | 3,441 | ||||||
| Goodwill | 8,220 | 8,187 | ||||||
| Other intangible assets | [3] | 105 | 115 | |||||
| Other assets | [1] | 15,235 | 14,428 | |||||
| TOTAL ASSETS | 233,836 | 226,351 | ||||||
| Deposits: | ||||||||
| Noninterest-bearing | 40,939 | 40,417 | ||||||
| Interest-bearing | 144,681 | 142,896 | ||||||
| Total deposits | 185,620 | 183,313 | ||||||
| Short-term borrowed funds | 1,159 | 58 | ||||||
| Long-term borrowed funds | [1] | 15,190 | 11,224 | |||||
| Other liabilities | [1] | 5,684 | 5,439 | |||||
| TOTAL LIABILITIES | 207,653 | 200,034 | ||||||
| Commitments and Contingencies (refer to Note 11) | ||||||||
| Preferred stock: | ||||||||
| $25.00 par value,100,000,000 shares authorized; 2,150,000 shares issued and outstanding at June 30, 2026 and December 31, 2025 | 2,111 | 2,111 | ||||||
| Common stock: | ||||||||
| $0.01 par value, 1,000,000,000 shares authorized; 653,998,397 shares issued and 422,677,660 shares outstanding at June 30, 2026 and 652,238,745 shares issued and 429,242,174 shares outstanding at December 31, 2025 | 7 | 7 | ||||||
| Additional paid-in capital | 22,521 | 22,476 | ||||||
| Retained earnings | 11,987 | 11,345 | ||||||
| Treasury stock, at cost, 231,320,737 and 222,996,571 shares at June 30, 2026 and December 31, 2025, respectively | (8,182) | (7,652) | ||||||
| Accumulated other comprehensive income (loss) | (2,261) | (1,970) | ||||||
| TOTAL STOCKHOLDERS’ EQUITY | 26,183 | 26,317 | ||||||
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ 233,836 | $ 226,351 | ||||||
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