Citizens financial group inc/ri (CFG)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
INTEREST INCOME:
Interest and fees on loans and leases

5,441

5,010

4,249

3,653

3,211

3,012

3,001

3,205

Interest and fees on loans held for sale, at fair value

63

37

18

15

10

5

12

17

Interest and fees on other loans held for sale

13

10

10

6

7

23

0

0

Investment securities

642

672

625

584

621

619

477

620

Interest-bearing deposits in banks

30

29

18

8

5

5

11

4

Total interest income

6,189

5,758

4,920

4,266

3,854

3,664

3,501

3,846

INTEREST EXPENSE:
Deposits

1,155

785

441

270

237

156

216

375

Deposits held for sale

-

-

-

-

-

4

0

0

Federal funds purchased and securities sold under agreements to repurchase

8

6

3

2

16

32

192

119

Other short-term borrowed funds

2

9

17

40

67

89

4

101

Long-term borrowed funds

410

426

286

196

132

82

31

24

Total interest expense

1,575

1,226

747

508

452

363

443

619

Interest Income (Expense), Net

4,614

4,532

4,173

3,758

3,402

3,301

3,058

3,227

Provision for Loan, Lease, and Other Losses

393

326

321

369

302

319

479

413

Net interest income after provision for credit losses

4,221

4,206

3,852

3,389

3,100

2,982

2,579

2,814

NONINTEREST INCOME:
Service charges and fees

505

513

516

522

500

574

640

704

Mortgage banking fees

302

152

108

112

101

71

153

189

Card fees

254

244

233

203

232

233

234

249

Capital markets fees

216

179

194

136

104

91

53

52

Trust and investment services fees

202

171

158

146

157

158

149

131

Foreign exchange and interest rate products

155

126

109

103

90

95

97

105

Letter of credit and loan fees

135

128

121

112

110

-

-

-

Securities gains, net

19

19

11

16

29

28

144

95

Net impairment losses recognized in earnings on debt securities

2

3

7

12

7

10

8

24

Bank-owned life insurance income

-

-

-

-

-

49

50

51

Total other-than-temporary impairment losses

-

-

-

-

-

-

-

84

Portions of loss recognized in other comprehensive income (before taxes)

-

-

-

-

-

-

-

-60

Other income

91

67

91

159

106

389

120

115

Noninterest Income

1,877

1,596

1,534

1,497

1,422

1,678

1,632

1,667

NONINTEREST EXPENSE:
Salaries and employee benefits

2,026

1,880

1,766

1,714

1,636

1,678

1,652

1,743

Equipment and software expense

514

464

443

263

257

250

275

279

Outside services

498

447

404

377

371

420

360

339

Occupancy

333

333

319

307

319

326

327

310

Amortization of software

-

-

-

170

146

145

-102

-77

Goodwill impairment

-

-

-

-

-

-

4,435

0

Other operating expense

476

495

542

521

530

573

528

709

Noninterest Expense

3,847

3,619

3,474

3,352

3,259

3,392

7,679

3,457

Income before income tax expense

2,251

2,183

1,912

1,534

1,263

1,268

-3,468

1,024

Income Tax Expense (Benefit)

460

462

260

489

423

403

-42

381

Net Income (Loss) Attributable to Parent

1,791

1,721

1,652

1,045

840

865

-3,426

643

Net Income (Loss) Available to Common Stockholders, Basic

1,718

1,692

1,638

1,031

833

865

-3,426

-

Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Weighted Average Number of Shares Outstanding, Basic

449

478

502

522

535

556

559

559

Weighted Average Number of Shares Outstanding, Diluted

451

480

503

523

538

557

559

559

Earnings Per Share [Abstract]
Earnings Per Share, Basic

3.82

3.54

3.26

1.97

1.55

1.55

-6.12

1.15

Earnings Per Share, Diluted

3.81

3.52

3.25

1.97

1.55

1.55

-6.12

1.15

Dividends declared and paid (in Dollars per Share)

-

-

-

-

0.40

1.43

2.12

0.27