CIT GROUP INC. CIT Income Statement

Cit group inc. (CIT)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Interest income
Interest and fees on loans
1,799	1,783	1,793	1,763	1,722	1,671	1,635	1,621	1,626	1,638	1,673	1,713	1,739	1,779	1,805	1,756	1,569	1,374	1,137	1,042	1,082	1,120	1,193	1,193	1,203	1,226	1,101	1,169	1,259	1,361	1,409	1,536	1,725	1,937	2,458	2,794	3,220	3,687	0	0	0	0	0
Other interest and dividends
214	233	234	233	233	218	211	205	204	197	188	170	144	131	124	115	93	71	50	35	35	35	34	32	31	28	28	29	30	32	32	33	34	34	35	34	32	31	0	0	0	0	0
Interest income
2,013	2,016	2,027	1,997	1,955	1,890	1,846	1,826	1,831	1,835	1,862	1,883	1,884	1,911	1,929	1,872	1,663	1,445	1,188	1,077	1,118	1,155	1,227	1,225	1,234	1,255	1,129	1,199	1,290	1,394	1,442	1,570	1,759	1,971	2,493	2,828	3,253	3,719	0	0	0	0	0
Interest expense
Interest on deposits
667	664	631	580	517	460	422	392	376	373	377	384	389	394	397	387	360	330	294	264	248	231	215	200	189	179	173	168	158	152	143	133	123	111	102	97	91	87	0	0	0	0	0
Interest on borrowings
274	287	306	327	353	354	345	338	358	344	349	354	332	358	374	389	394	401	144	257	366	484	861	857	869	881	754	1,319	1,700	2,513	2,783	2,580	2,763	2,393	2,712	2,848	2,855	2,992	0	0	0	0	0
Interest expense
942	952	937	907	870	815	768	731	735	717	727	738	721	753	772	777	754	731	439	521	614	715	1,076	1,058	1,058	1,060	928	1,487	1,859	2,665	2,926	2,714	2,886	2,504	2,814	2,945	2,946	3,079	0	0	0	0	0
Net interest revenue
1,071	1,064	1,089	1,089	1,085	1,075	1,077	1,095	1,096	1,117	1,134	1,144	1,163	1,158	1,157	1,095	908	713	748	556	503	440	150	167	176	194	201	-288	-569	-1,271	-1,484	-1,143	-1,126	-532	-321	-116	306	639	0	0	0	0	0
Provision for credit losses
591	110	119	130	135	171	170	162	133	114	121	136	154	194	217	222	217	158	118	106	98	104	99	77	82	64	50	34	28	51	67	114	189	269	436	554	716	820	0	0	0	0	0
Net interest revenue, after credit provision
480	954	970	959	950	904	907	933	962	1,003	1,013	1,008	1,008	963	940	872	690	555	629	449	405	336	51	89	94	129	151	-322	-597	-1,323	-1,551	-1,258	-1,316	-802	-757	-670	-410	-181	0	0	0	0	0
Non-interest income
Rental income on operating leases
849	857	872	924	973	1,009	1,031	1,019	1,009	1,007	1,007	1,009	1,018	1,031	1,035	1,040	1,034	1,018	165	440	705	949	2,010	1,948	1,912	1,897	2,001	1,974	1,936	1,900	1,880	1,843	1,817	1,785	1,645	1,633	1,631	1,648	0	0	0	0	0
Other non-interest income
449	415	351	336	365	373	463	440	389	364	109	129	144	150	289	231	182	149	202	202	244	263	316	396	382	381	387	369	429	614	689	845	939	954	973	1,019	1,124	1,004	0	0	0	0	0
Total non-interest income
1,298	1,272	1,223	1,261	1,339	1,382	1,495	1,460	1,399	1,371	1,116	1,138	1,163	1,182	1,325	1,271	1,217	1,167	368	642	949	1,213	2,326	2,345	2,295	2,278	2,388	2,343	2,366	2,515	2,569	2,688	2,756	2,739	2,618	2,653	2,756	2,653	0	0	0	0	0
Total revenue, net of interest expense and credit provision
1,778	2,226	2,193	2,220	2,289	2,287	2,402	2,393	2,361	2,374	2,130	2,147	2,171	2,145	2,265	2,144	1,908	1,722	997	1,092	1,355	1,549	2,378	2,434	2,389	2,408	2,540	2,021	1,768	1,192	1,017	1,429	1,439	1,937	1,860	1,982	2,346	2,472	0	0	0	0	0
Non-interest expenses
Depreciation on operating lease equipment
307	308	311	313	314	311	305	299	299	296	291	287	273	261	248	240	234	229	-60	36	136	229	602	579	556	540	511	511	508	513	503	493	516	538	601	638	663	675	0	0	0	0	0
Maintenance and other operating lease expenses
184	180	192	207	222	230	235	236	226	222	222	221	218	213	210	202	194	185	155	153	159	171	186	181	172	163	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating expenses
1,171	1,113	1,112	1,065	1,064	1,070	1,116	1,130	1,158	1,188	1,225	1,251	1,265	1,283	1,294	1,318	1,228	1,121	976	883	889	900	977	971	972	970	893	899	900	894	877	868	880	860	926	929	968	1,025	0	0	0	0	0
Goodwill impairment
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on debt extinguishment and deposit redemption
-	-0	-16	-19	-38	-38	-24	-74	-220	-220	-226	-178	-10	-12	-5	-0	-3	0	0	0	-	-	-	0	-	-	-	-	-	-61	-207	0	0	-	0	-	-	-	-	-	-	-	-
Goodwill and intangible assets impairment charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Total non-interest expenses
2,008	1,603	1,633	1,605	1,640	1,650	1,937	1,996	2,159	2,183	2,315	2,287	2,121	2,124	1,762	1,766	1,661	1,536	1,075	1,076	1,189	1,305	1,765	1,732	1,701	1,673	1,668	1,650	1,629	1,607	1,588	1,699	1,711	1,691	1,674	1,567	1,631	1,700	0	0	0	0	0
(Loss) income from continuing operations before (benefit) provision for income taxes
-229	623	560	614	649	637	465	397	202	191	-185	-140	49	20	502	377	247	186	-77	15	166	244	612	701	688	734	871	370	139	-415	-570	-269	-271	245	186	415	714	771	0	0	0	0	0
(Benefit) provision for income taxes
-15	94	70	137	161	164	167	6	-82	-67	-102	72	215	203	194	-442	-516	-538	-585	-404	-423	-432	-341	73	84	83	82	73	89	116	122	159	135	157	120	197	264	245	0	0	0	0	0
Income (loss) from continuing operations before attribution of noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	724	1,176	772	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss attributable to noncontrolling interests, after tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	-1	1	6	1	4	2	-2	5	4	5	5	3	5	3	1	5	3	6	7	4	0	0	0	-	0
Net income before attribution of noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-
Preferred stock dividends and amortization of discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
(Loss) income from continuing operations
-214	529	490	477	487	472	297	391	284	259	-83	-212	-165	-182	308	819	763	724	509	419	582	675	948	626	606	644	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations
Income (loss) from discontinued operations, net of taxes
-	-	-	-	-	-	0	-	-	90	-621	-582	-661	-665	126	161	313	310	235	394	0	-	0	0	-	31	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on sale of discontinued operations, net of taxes
-	-	-	-	-	-	-	-	-	118	0	0	0	-	0	0	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations, net of taxes
-	0	0	2	-18	-25	-30	-35	100	208	-502	-462	-648	-665	0	0	0	-	-	-	-	443	60	67	23	31	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income
-213	529	491	479	469	447	267	355	385	468	-586	-674	-814	-848	434	980	1,077	1,034	1,142	979	1,112	1,119	1,021	699	629	675	789	297	49	-532	-693	-428	-407	88	0	0	0	-	-	-	-	0	0
Preferred stock dividends
0	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net Income (loss) before preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net (loss) income available to common shareholders
-236	511	472	460	450	428	565	590	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	-	752	253	-2	-592	-767	-501	-477	14	62	211	442	521	0	0	0	0	0
(Loss) income from continuing operations available to common shareholders
-236	510	471	458	468	453	593	505	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (loss) income per common share
(Loss) income from continuing operations
-6.40	1.27	1.51	1.32	1.19	0.79	1.15	1.12	0.79	-0.74	1.66	0.23	0.39	-	0.47	0.43	0.30	0.33	3.18	0.18	0.12	-0.81	2.78	1.03	0.59	0.62	0.96	0.87	0.76	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations
-	0.00	0.01	0.01	-0.01	-0.01	0.02	-0.17	-0.05	0.17	-0.02	0.63	0.50	-	0.18	-0.35	0.42	0.37	0.38	0.47	0.46	2.07	0.00	0.27	0.01	0.04	0.03	0.04	0.05	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (loss) income per share
-6.40	1.28	1.51	1.33	1.18	0.78	1.17	0.95	0.74	-0.57	1.64	0.86	0.89	-	0.65	0.08	0.72	0.70	3.56	0.65	0.58	1.26	2.78	1.30	0.60	0.66	0.99	0.91	0.81	1.03	-1.49	-0.36	-2.13	0.15	-0.16	-0.25	0.33	0.39	0.58	0.91	0.72	-2.74	-4.30
Diluted (loss) income per common share
(Loss) income from continuing operations
-6.40	1.27	1.50	1.32	1.18	0.79	1.13	1.11	0.79	-0.72	1.64	0.22	0.38	-	0.47	0.43	0.30	0.33	3.15	0.18	0.12	-0.79	2.76	1.02	0.58	0.60	0.96	0.87	0.76	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from discontinued operations
0.00	-	0.00	0.01	0.00	-0.01	0.02	-0.17	-0.05	0.18	-0.03	0.63	0.50	-	0.18	-0.35	0.42	0.37	0.38	0.47	0.46	2.06	0.00	0.27	0.01	0.04	0.03	0.04	0.05	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (loss) income per share
-6.40	1.26	1.50	1.33	1.18	0.78	1.15	0.94	0.74	-0.54	1.61	0.85	0.88	-	0.65	0.08	0.72	0.70	3.53	0.65	0.58	1.27	2.76	1.29	0.59	0.64	0.99	0.91	0.81	1.03	-1.49	-0.36	-2.13	0.15	-0.16	-0.25	0.33	0.39	0.58	0.91	0.72	-2.74	-4.30
Average number of common shares (thousands)
Basic
98	94	94	96	100	103	112	123	130	130	133	182	202	202	202	201	201	200	190	173	176	182	185	190	196	198	200	201	201	200	200	200	200	200	200	200	200	200	200	200	200	392,195	0
Average number of common shares - basic (thousands)
98	94	94	96	100	103	112	123	130	130	133	182	202	-	202	201	-	-	-	-	-	-	-	-	-	-	200	201	201	-	200	200	200	200	200	200	200	200	200	200	200	392,195	0
Diluted
98	95	95	96	101	104	114	124	131	132	136	183	203	200	202	202	202	201	191	174	177	183	186	191	197	200	202	202	201	200	200	200	200	200	200	200	200	200	200	200	200	392,195	0
Dividends declared per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.15	0.15	0.15	-	0.15	0.15	0.15	-	-	-	-	0.00	0.15	0.10	0.10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00