CITIZENS FINANCIAL GROUP INC/RI (CFG) financial statements: income statement, balance sheet and cash flow
CITIZENS FINANCIAL GROUP INC/RI's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), CITIZENS FINANCIAL GROUP INC/RI reported net income of $1.8B (+21.3% year on year).
Income statement
CITIZENS FINANCIAL GROUP INC/RI income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Interest and fees on loans and leases
$7.5B
$7.9B
$8.5B
$6.0B
Interest and fees on loans held for sale
$105.0M
$77.0M
$73.0M
$67.0M
Investment securities
$1.7B
$1.7B
$1.2B
$840.0M
Interest-bearing deposits in banks
$367.0M
$503.0M
$451.0M
$128.0M
Total interest income
$9.7B
$10.2B
$10.2B
$7.1B
Deposits
$3.2B
$3.8B
$3.1B
$651.0M
Short-term borrowed funds
$22.0M
$15.0M
$43.0M
$23.0M
Long-term borrowed funds
$594.0M
$713.0M
$775.0M
$374.0M
Total interest expense
$3.8B
$4.6B
$4.0B
$1.0B
Net interest income
$5.9B
$5.6B
$6.2B
$6.0B
Provision (benefit) for credit losses
$608.0M
$687.0M
$687.0M
$474.0M
Net interest income after provision (benefit) for credit losses
$5.2B
$4.9B
$5.6B
$5.5B
Service charges and fees
$444.0M
$420.0M
$410.0M
$420.0M
Capital markets fees
$511.0M
$467.0M
$319.0M
$368.0M
Wealth fees
$360.0M
$294.0M
—
—
Card fees
$346.0M
$368.0M
$296.0M
$273.0M
Mortgage banking fees
$233.0M
$209.0M
$242.0M
$261.0M
Foreign exchange and derivative products
$156.0M
$146.0M
$183.0M
$188.0M
Letter of credit and loan fees
$186.0M
$175.0M
$168.0M
$159.0M
Securities gains, net
$22.0M
$18.0M
$28.0M
$9.0M
Other income
$136.0M
$79.0M
$78.0M
$82.0M
Total noninterest income
$2.4B
$2.2B
$2.0B
$2.0B
Salaries and employee benefits
$2.8B
$2.7B
$2.6B
$2.5B
Equipment and software
$783.0M
$769.0M
$756.0M
$648.0M
Outside services
$633.0M
$639.0M
$687.0M
$700.0M
Occupancy
$435.0M
$447.0M
$492.0M
$410.0M
Other operating expense
$662.0M
$722.0M
$973.0M
$585.0M
Total noninterest expense
$5.3B
$5.2B
$5.5B
$4.9B
Income before income tax expense
$2.3B
$1.9B
$2.0B
$2.7B
Income tax expense
$497.0M
$379.0M
$422.0M
$582.0M
NET INCOME
$1.8B
$1.5B
$1.6B
$2.1B
Net income available to common stockholders
$1.7B
$1.4B
$1.5B
$2.0B
Basic (in shares)
433.2M
450.7M
475.1M
476.0M
Diluted (in shares)
436.9M
453.5M
476.7M
477.8M
Basic earnings (in dollars per share)
$3.90
$3.05
$3.14
$4.12
Diluted earnings (in dollars per share)
$3.86
$3.03
$3.13
$4.10
CITIZENS FINANCIAL GROUP INC/RI income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Interest and fees on loans and leases
$2.0B
$1.9B
$1.9B
$1.9B
Interest and fees on loans held for sale
$26.0M
$21.0M
$31.0M
$36.0M
Investment securities
$446.0M
$424.0M
$433.0M
$428.0M
Interest-bearing deposits in banks
$103.0M
$91.0M
$97.0M
$92.0M
Total interest income
$2.5B
$2.4B
$2.5B
$2.4B
Deposits
$747.0M
$715.0M
$816.0M
$802.0M
Short-term borrowed funds
$9.0M
$4.0M
$5.0M
$9.0M
Long-term borrowed funds
$156.0M
$139.0M
$149.0M
$159.0M
Total interest expense
$912.0M
$858.0M
$970.0M
$970.0M
Net interest income
$1.6B
$1.6B
$1.5B
$1.4B
Provision (benefit) for credit losses
$134.0M
$140.0M
$154.0M
$164.0M
Net interest income after provision (benefit) for credit losses
$1.5B
$1.4B
$1.3B
$1.3B
Service charges and fees
$117.0M
$112.0M
$112.0M
$111.0M
Capital markets fees
$153.0M
$134.0M
$166.0M
$105.0M
Wealth fees
$102.0M
$100.0M
$93.0M
$88.0M
Card fees
$89.0M
$83.0M
$87.0M
$90.0M
Mortgage banking fees
$42.0M
$42.0M
$49.0M
$73.0M
Foreign exchange and derivative products
$47.0M
$44.0M
$42.0M
$41.0M
Letter of credit and loan fees
$52.0M
$50.0M
$48.0M
$45.0M
Securities gains, net
$6.0M
$7.0M
$2.0M
$5.0M
Other income
$44.0M
$34.0M
$31.0M
$42.0M
Total noninterest income
$652.0M
$606.0M
$630.0M
$600.0M
Salaries and employee benefits
$745.0M
$758.0M
$705.0M
$681.0M
Equipment and software
$195.0M
$197.0M
$197.0M
$193.0M
Outside services
$174.0M
$162.0M
$161.0M
$169.0M
Occupancy
$108.0M
$114.0M
$106.0M
$108.0M
Other operating expense
$172.0M
$147.0M
$166.0M
$168.0M
Total noninterest expense
$1.4B
$1.4B
$1.3B
$1.3B
Income before income tax expense
$755.0M
$650.0M
$629.0M
$554.0M
Income tax expense
$168.0M
$133.0M
$135.0M
$118.0M
NET INCOME
$587.0M
$517.0M
$494.0M
$436.0M
Net income available to common stockholders
$554.0M
$484.0M
$457.0M
$402.0M
Basic (in shares)
422.9M
425.3M
431.4M
433.6M
Diluted (in Shares)
426.7M
429.9M
435.5M
436.5M
Basic earnings (in dollars per share)
$1.31
$1.14
$1.06
$0.93
Diluted earnings (in dollars per share)
$1.30
$1.13
$1.05
$0.92
Balance sheet
CITIZENS FINANCIAL GROUP INC/RI balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and due from banks
$1.5B
$1.4B
$1.8B
$1.5B
Interest-bearing cash and due from banks
$11.3B
$9.2B
$9.8B
$9.1B
Interest-bearing deposits in banks
$961.0M
$635.0M
$405.0M
$303.0M
Debt securities available for sale, at fair value (including $108 and $152 pledged to creditors, respectively)
$35.7B
$32.8B
$29.8B
$24.0B
Debt securities held to maturity (fair value of $7,150 and $7,540, respectively, and including $67 and $83 pledged to creditors, respectively)
$7.9B
$8.6B
$9.2B
$9.8B
Loans held for sale (includes $1,065 and $825, respectively, measured at fair value)
$1.2B
$858.0M
$676.0M
$774.0M
Loans and leases
$142.7B
$139.2B
$146.0B
$156.7B
Less: Allowance for loan and lease losses
($1.9B)
($2.1B)
($2.1B)
($2.0B)
Net loans and leases
$140.7B
$137.1B
$143.9B
$154.7B
Premises and equipment, net
$915.0M
$875.0M
$895.0M
$844.0M
Bank-owned life insurance
$3.4B
$3.4B
$3.3B
$3.2B
Goodwill
$8.2B
$8.2B
$8.2B
$8.2B
Other intangible assets
$115.0M
$146.0M
$157.0M
$197.0M
Other assets
$14.4B
$13.9B
$13.4B
$13.1B
TOTAL ASSETS
$226.4B
$217.5B
$222.0B
$226.7B
Noninterest-bearing
$40.4B
$36.9B
$37.1B
$49.3B
Interest-bearing
$142.9B
$137.9B
$140.2B
$131.4B
Total deposits
$183.3B
$174.8B
$177.3B
$180.7B
Short-term borrowed funds
$58.0M
$0
$505.0M
$3.0M
Long-term borrowed funds
$11.2B
$12.4B
$13.5B
$15.9B
Other liabilities
$5.4B
$4.9B
$4.7B
$4.5B
TOTAL LIABILITIES
$200.0B
$193.3B
$197.6B
$203.0B
$25.00 par value,100,000,000 shares authorized; 2,150,000 shares issued and outstanding at December 31, 2025 and 2024
2.1B
2.1B
2.0B
2.0B
$0.01 par value, 1,000,000,000 shares authorized; 652,238,745 shares issued and 429,242,174 shares outstanding at December 31, 2025 and 650,068,324 shares issued and 440,543,381 shares outstanding at December 31, 2024
7.0M
7.0M
6.0M
6.0M
Additional paid-in capital
$22.5B
$22.4B
$22.3B
$22.1B
Retained earnings
$11.3B
$10.4B
$9.8B
$9.2B
Treasury stock, at cost, 222,996,571 and 209,524,943 shares at December 31, 2025 and 2024, respectively
-7.7B
-7.0B
-6.0B
-5.1B
Accumulated other comprehensive income (loss)
($2.0B)
($3.6B)
($3.8B)
($4.6B)
TOTAL STOCKHOLDERS’ EQUITY
$26.3B
$24.3B
$24.3B
$23.7B
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
$226.4B
$217.5B
$222.0B
$226.7B
CITIZENS FINANCIAL GROUP INC/RI balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and due from banks
$1.2B
$1.1B
$1.3B
$1.1B
Interest-bearing cash and due from banks
$11.5B
$11.2B
$10.4B
$7.4B
Interest-bearing deposits in banks
$1.1B
$830.0M
$694.0M
$680.0M
Debt securities available for sale, at fair value (including $158 and $108 pledged to creditors, respectively)
$37.4B
$36.4B
$35.4B
$34.7B
Debt securities held to maturity (fair value of $6,784 and $7,150, respectively, and including $60 and $67 pledged to creditors, respectively)
$7.6B
$7.8B
$8.1B
$8.3B
Loans held for sale (includes $1,069 and $1,065, respectively, measured at fair value)
$1.5B
$1.5B
$1.3B
$2.1B
Loans and leases
$147.5B
$143.7B
$140.9B
$139.3B
Less: Allowance for loan and lease losses
($2.0B)
($2.0B)
($2.0B)
($2.0B)
Net loans and leases
$145.5B
$141.7B
$138.9B
$137.3B
Premises and equipment, net
$873.0M
$874.0M
$857.0M
$855.0M
Bank-owned life insurance
$3.5B
$3.5B
$3.4B
$3.4B
Goodwill
$8.2B
$8.2B
$8.2B
$8.2B
Other intangible assets
$105.0M
$112.0M
$123.0M
$129.0M
Other assets
$15.2B
$14.7B
$13.3B
$13.3B
TOTAL ASSETS
$233.8B
$227.9B
$222.7B
$218.3B
Noninterest-bearing
$40.9B
$41.7B
$39.5B
$38.0B
Interest-bearing
$144.7B
$142.4B
$140.5B
$137.1B
Total deposits
$185.6B
$184.0B
$180.0B
$175.1B
Short-term borrowed funds
$1.2B
$54.0M
$214.0M
$249.0M
Long-term borrowed funds
$15.2B
$12.3B
$10.4B
$12.5B
Other liabilities
$5.7B
$5.4B
$5.5B
$4.4B
TOTAL LIABILITIES
$207.7B
$201.7B
$196.9B
$193.1B
$25.00 par value,100,000,000 shares authorized; 2,150,000 shares issued and outstanding at June 30, 2026 and December 31, 2025
2.1B
2.1B
2.1B
2.1B
$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
7.0M
7.0M
7.0M
7.0M
Additional paid-in capital
$22.5B
$22.5B
$22.4B
$22.4B
Retained earnings
$12.0B
$11.6B
$11.1B
$10.8B
Treasury stock, at cost, 231,320,737 and 222,996,571 shares at June 30, 2026 and December 31, 2025, respectively
-8.2B
-8.0B
-7.5B
-7.5B
Accumulated other comprehensive income (loss)
($2.3B)
($2.1B)
($2.3B)
($2.6B)
TOTAL STOCKHOLDERS’ EQUITY
$26.2B
$26.2B
$25.8B
$25.2B
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
$233.8B
$227.9B
$222.7B
$218.3B
Cash flow statement
CITIZENS FINANCIAL GROUP INC/RI cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$1.8B
$1.5B
$1.6B
$2.1B
Provision (benefit) for credit losses
$608.0M
$687.0M
$687.0M
$474.0M
Net change in Loans held for sale
($414.0M)
($24.0M)
$98.0M
$1.7B
Depreciation, amortization, and accretion
$478.0M
$498.0M
$478.0M
$565.0M
Deferred income tax expense (benefit)
($82.0M)
($177.0M)
($242.0M)
$57.0M
Share-based compensation
$120.0M
$97.0M
$87.0M
$84.0M
Net gain on sale of assets
($24.0M)
($18.0M)
($28.0M)
($9.0M)
Net (increase) decrease in Other assets
$89.0M
($261.0M)
$612.0M
($1.9B)
Net increase (decrease) in Other liabilities
($395.0M)
($310.0M)
($339.0M)
$1.0B
Net change due to operating activities
$2.2B
$2.0B
$3.0B
$4.1B
Purchases of debt securities available for sale
($9.5B)
($9.8B)
($10.1B)
($10.8B)
Proceeds from maturities and paydowns of debt securities available for sale
$4.0B
$3.3B
$2.0B
$3.4B
Proceeds from sales of debt securities available for sale
$3.8B
$3.6B
$2.9B
$1.2B
Proceeds from maturities and paydowns of debt securities held to maturity
$750.0M
$662.0M
$761.0M
$1.0B
Net (increase) decrease in Interest-bearing deposits in banks
($326.0M)
($230.0M)
($102.0M)
$13.0M
Purchases of loans
($680.0M)
($655.0M)
$0
($1.0B)
Sales of loans
$1.9B
$207.0M
$2.8B
$2.7B
Net (increase) decrease in Loans and leases
($5.4B)
$6.0B
$7.2B
($7.9B)
Capital expenditures, net
($174.0M)
($122.0M)
($172.0M)
($126.0M)
Other
($347.0M)
($93.0M)
($61.0M)
($771.0M)
Net change due to investing activities
($6.0B)
$3.0B
$5.2B
($12.6B)
Net increase (decrease) in Deposits
$8.5B
($2.6B)
($3.4B)
$6.1B
Net increase (decrease) in Short-term borrowed funds
$58.0M
($505.0M)
$502.0M
($95.0M)
Proceeds from issuance of long-term borrowed funds
$8.5B
$13.2B
$26.0B
$24.6B
Repayments of long-term borrowed funds
($9.7B)
($14.3B)
($28.4B)
($19.7B)
Treasury stock purchased
($600.0M)
($1.1B)
($906.0M)
($153.0M)
Net proceeds from issuance of preferred stock
$393.0M
$392.0M
$0
$0
Redemption of preferred stock
($400.0M)
($300.0M)
$0
$0
Dividends paid to common stockholders
($755.0M)
($769.0M)
($808.0M)
($779.0M)
Dividends paid to preferred stockholders
($133.0M)
($134.0M)
($120.0M)
($113.0M)
Other
($8.0M)
$18.0M
$21.0M
—
Net change due to financing activities
$5.9B
($6.0B)
($7.1B)
$9.9B
Net change in cash and cash equivalents
$2.1B
($1.0B)
$1.1B
$1.4B
Cash and cash equivalents at beginning of period
$10.6B
$11.6B
$10.5B
$9.2B
Cash and cash equivalents at end of period
$12.7B
$10.6B
$11.6B
$10.5B
Interest paid
$4.0B
$4.4B
$3.6B
$989.0M
Transfer of loans from loans held for investment to LHFS
$1.9B
$299.0M
$2.6B
—
Loans securitized and transferred to AFS securities
$112.0M
$329.0M
$103.0M
$143.0M
CITIZENS FINANCIAL GROUP INC/RI cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$1.1B
$517.0M
$1.3B
$809.0M
Provision (benefit) for credit losses
$274.0M
$140.0M
$471.0M
$317.0M
Net change in Loans held for sale
($248.0M)
($285.0M)
($81.0M)
($297.0M)
Depreciation, amortization, and accretion
$212.0M
$113.0M
$366.0M
$247.0M
Deferred income tax expense (benefit)
($6.0M)
$52.0M
($93.0M)
($115.0M)
Share-based compensation
$82.0M
$33.0M
$97.0M
$74.0M
Net gain on sale of assets
($13.0M)
($7.0M)
($16.0M)
($14.0M)
Net (increase) decrease in Other assets
($502.0M)
($256.0M)
$357.0M
$359.0M
Net increase (decrease) in Other liabilities
$60.0M
($70.0M)
($35.0M)
($707.0M)
Net change due to operating activities
$963.0M
$237.0M
$2.4B
$673.0M
Purchases of debt securities available for sale
($5.7B)
($2.5B)
($5.5B)
($4.1B)
Proceeds from maturities and paydowns of debt securities available for sale
$2.4B
$1.1B
$2.8B
$1.8B
Proceeds from sales of debt securities available for sale
$1.2B
$547.0M
$1.2B
$1.1B
Proceeds from maturities and paydowns of debt securities held to maturity
$349.0M
$158.0M
$537.0M
$348.0M
Net (increase) decrease in Interest-bearing deposits in banks
($146.0M)
$131.0M
($59.0M)
($45.0M)
Purchases of loans
($103.0M)
($49.0M)
($642.0M)
($503.0M)
Sales of loans
$550.0M
$31.0M
$1.4B
$911.0M
Net (increase) decrease in Loans and leases
($5.5B)
($1.1B)
($3.5B)
($1.8B)
Capital expenditures
($21.0M)
$0
($82.0M)
($47.0M)
Other
($314.0M)
($97.0M)
($183.0M)
($180.0M)
Net change due to investing activities
($7.3B)
($1.8B)
($4.0B)
($2.5B)
Net increase (decrease) in Deposits
$2.3B
$722.0M
$5.2B
$310.0M
Net increase (decrease) in Short-term borrowed funds
$1.1B
($4.0M)
$214.0M
$249.0M
Proceeds from issuance of long-term borrowed funds
$10.6B
$3.6B
$6.5B
$6.0B
Repayments of long-term borrowed funds
($6.7B)
($2.6B)
($8.5B)
($5.9B)
Treasury stock purchased
($525.0M)
($300.0M)
($475.0M)
($400.0M)
Dividends paid to common stockholders
($396.0M)
($198.0M)
($555.0M)
($371.0M)
Dividends paid to preferred stockholders
($71.0M)
($38.0M)
($100.0M)
($67.0M)
Other
($37.0M)
($43.0M)
($13.0M)
($18.0M)
Net change due to financing activities
$6.3B
$1.2B
$2.7B
($190.0M)
Net change in cash and cash equivalents
$33.0M
($397.0M)
$1.0B
($2.1B)
Cash and cash equivalents at beginning of period
$12.7B
$12.7B
$10.6B
$10.6B
Cash and cash equivalents at end of period
$12.8B
$12.3B
$11.7B
$8.5B
Transfer of loans from loans held for investment to LHFS