Below are the financial statements of Citizens Financial Group, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Interest income | — | — | — |
| Interest and fees on loans and leases | 7,948a | 8,489a | 5,968a |
| Interest and fees on loans held for sale | 77a | 102a | 124a |
| Investment securities | 1,658a | 1,162a | 840a |
| Interest-bearing deposits in banks | 503a | 451a | 128a |
| Total interest income | 10,186a | 10,204a | 7,060a |
| Interest expense | — | — | — |
| Deposits | -3,825a | -3,145a | -651a |
| Short-term borrowed funds | -15a | -43a | -23a |
| Long-term borrowed funds | -713a | -775a | -374a |
| Total interest expense | -4,553a | -3,963a | -1,048a |
| Net interest income | 5,633a | 6,241a | 6,012a |
| Provision (benefit) for credit losses | -687a | -687a | -474a |
| Net interest income after provision (benefit) for credit losses | 4,946a | 5,554a | 5,538a |
| Noninterest income | — | — | — |
| Service charges and fees | 420a | 410a | 420a |
| Capital markets fees | 467a | 319a | 368a |
| Card fees | 368a | 296a | 273a |
| Wealth fees | 294a | 259a | 249a |
| Mortgage banking fees | 209a | 242a | 261a |
| Foreign exchange and derivative products | 146a | 183a | 188a |
| Letter of credit and loan fees | 175a | 168a | 159a |
| Securities gains, net | 18a | 28a | 9a |
| Other income | 79a | 78a | 82a |
| Total noninterest income | 2,176a | 1,983a | 2,009a |
| Noninterest expense | — | — | — |
| Salaries and employee benefits | -2,657a | -2,599a | -2,549a |
| Equipment and software | -769a | -756a | -648a |
| Outside services | -639a | -687a | -700a |
| Occupancy | -447a | -492a | -410a |
| Other operating expense | -722a | -973a | -585a |
| Total noninterest expense | -5,234a | -5,507a | -4,892a |
| Income before income tax expense | 1,888a | 2,030a | 2,655a |
| Income tax expense | -379a | -422a | -582a |
| Net income | 1,509a | 1,608a | 2,073a |
| Net income available to common stockholders | 1,372a | 1,491a | 1,960a |
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