CIT GROUP INC

Delisted

CIK 1171825fmd_0EVTWV9A9RQ7KWSG1TE1KAJD5FFinance, Insurance and Real Estate · National Commercial BanksTemplate: Financials

Coverage: Jan 01, 2008 to Sep 30, 2021, 51 periods

Income Statement · Annual · Millions · USD
Line item	FY2011	FY2012	FY2013	FY2014	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020
Rental revenue	1,786	1,901	1,897	950	1,018	1,032	1,007	1,009	858	811
Total interest income	1,972	1,394	1,255	1,156	1,445	1,912	1,836	1,890	2,017	1,799
Total revenues	4,712	3,910	3,534	2,369	2,613	3,094	3,207	3,273	3,290	3,150
Net interest income	(532)	(1,272)	194	441	714	1,158	1,118	1,075	1,065	1,066
Provision for credit losses	270	52	65	100	161	210	115	171	111	800
Real estate taxes	–	–	–	–	–	–	–	–	24	19
Net interest income after provision	(802)	(1,323)	129	336	555	964	1,003	904	954	265
Non-interest income	2,740	2,516	2,279	1,214	1,168	1,182	1,372	1,383	1,273	1,351
Selling, general and administrative	861	894	970	867	1,050	1,222	1,111	1,046	–	–
Compensation and benefits	491	537	535	534	11	–	–	–	–	–
Total operating expenses	861	894	970	900	1,121	1,284	1,189	1,070	1,113	1,310
Non-interest expense	1,692	1,608	1,674	1,305	1,537	2,125	2,183	1,650	1,603	2,320
Interest expense	2,504	2,666	1,061	715	731	753	718	815	952	733
Income before taxes	246	(415)	734	245	186	21	192	637	624	(703)
Income tax expense	159	134	84	(432)	(538)	204	(68)	165	95	(88)
Net income from continuing operations	84	(536)	650	677	724	(183)	259	472	529	(615)
Net income	20	(589)	676	1,119	1,034	(848)	468	447	530	(615)
Net income to common shareholders	15	(592)	676	1,130	1,034	(848)	458	428	511	(646)