Citizens Financial Group, Inc. (CFG)

Citizens Financial Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	7,537	7,547	7,058	5,289	6,098
Revenue Growth (YoY)	-0.13%	6.93%	33.45%	-13.27%	5.10%
Gross Profit	7,537	7,547	7,058	5,289	6,098
Selling, General & Admin	3,778	3,659	3,060	3,007	2,857
Other Operating Expenses	1,729	1,233	1,021	984	990
Operating Expenses	5,507	4,892	4,081	3,991	3,847
Operating Income	2,030	2,655	2,977	1,298	2,251
Other Expense / Income	117	113	113	107	73
Pretax Income	1,913	2,542	2,864	1,191	2,178
Income Tax	422	582	658	241	460
Net Income	1,491	1,960	2,206	950	1,718
Net Income Growth	-23.93%	-11.15%	132.21%	-44.70%	1.54%
Shares Outstanding (Basic)	475	476	426	427	450
Shares Outstanding (Diluted)	477	478	427	428	451
Shares Change	-0.23%	11.78%	-0.17%	-5.11%	-6.08%
EPS (Basic)	3.14	4.12	5.18	2.22	3.82
EPS (Diluted)	3.13	4.10	5.16	2.22	3.81
EPS Growth	-23.66%	-20.54%	132.43%	-41.73%	8.24%
Free Cash Flow	2,789	3,993	2,151	-7	1,602
Free Cash Flow Per Share	5.87	8.39	5.05	-0.02	3.56
Dividend Per Share	1.680	1.620	1.560	1.560	1.360
Dividend Growth	3.70%	3.85%	0%	14.71%	38.78%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	26.93%	35.18%	42.18%	24.54%	36.91%
Profit Margin	19.78%	25.97%	31.26%	17.96%	28.17%
Free Cash Flow Margin	37.00%	52.91%	30.48%	-0.13%	26.27%
Effective Tax Rate	22.06%	22.90%	22.97%	20.24%	21.12%
EBITDA	2,391	3,107	3,489	1,769	2,811
EBITDA Margin	31.72%	41.17%	49.43%	33.45%	46.10%
Depreciation & Amortization	478	565	625	578	633
EBIT	1,913	2,542	2,864	1,191	2,178
EBIT Margin	25.38%	33.68%	40.58%	22.52%	35.72%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).