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Cit Group Inc (CIT) Annual Income Statement

Annual · GAAP · USD millions
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This income statement overview for Cit Group Inc spans from Dec 31 2016 to Dec 31 2020, showing how the company's revenues, expenses, and earnings have changed across reporting periods.
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Annual Report, GAAP in USD millions
ITEM 		(Dec 31 2020)
2020 		(Dec 31 2019) (Dec 31 2018) (Dec 31 2017) (Dec 31 2016)
Revenues
Interest and Fee Income, Loans and Leases1,667.80
Interest and Dividend Income, Securities, Operating131.20
Total Interest Income1,799.00
Interest Expense, Deposits475.80
Interest Expense, Long-term Debt257.50
Total Interest Expense733.30
Net Interest Income1,065.70
Provision for loan losses800.30
Total Net Interest Income265.40
Operating Leases, Income Statement, Lease Revenue810.90
Noninterest Income, Other Operating Income540.50
Extinguishment of Debt-14.70
Other Non-Interest Income14.70
Total Non-interest Income1,351.40
Total Revenues1,616.80
Costs & Expenses
Restructuring, Accretion & impairment charges485.10
Depreciation & Amortization0.00
Total noninterest revenues525.20
Total Operating Expenses2,320.20
Total Costs & Expenses3,053.50
Income & Taxes
Income /-loss before income taxes-703.40
Income taxes expenses/-benefit-88.10
Income after income taxes-615.30
Net income/-loss of other equity0.00
Income /-loss after income taxes-615.30
Discontinued Operations0.00
Net Income/-loss-615.30
Preferred dividends31.10
Income/-loss to shareholder-646.40
Earnings Per Share
Basic EPS (excl. extra items)-6.57
Extraordinary items0.00
Basic Net EPS-6.57
Basic shares outstanding (Mill. of Units)98.41
Diluted Net EPS-6.57
Diluted average shares (Mill. of Units)98.41
Dividend per share1.74
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About CIT Annual Income Statement

What this statement shows

This page presents issuer-reported income statement data, detailing revenue, operating costs, expenses, and earnings as disclosed in SEC 10-K filings and standardized by CSIMarket. The income statement reflects operating performance over a reporting period rather than financial position at a single date.

Revenue and expense treatment

Revenue and expense items are aligned to support period-to-period comparability. Operating and non-operating items, interest, and income taxes are classified based on issuer disclosures and XBRL tagging.

Source & verification

  • Source: SEC 10-K filings
  • Filed with the SEC: n/a

Income statement figures represent operating results for each reporting period and may be revised in subsequent filings.