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BUSINESS OPERATING SEGMENTS | 9 Months Ended
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Sep. 30, 2019
Segment Reporting [Abstract] |
BUSINESS OPERATING SEGMENTS | NOTE 17 - BUSINESS OPERATING SEGMENTS Citizens is managed by its Chief Executive Officer on a segment basis. The Company’s two business operating segments are Consumer Banking and Commercial Banking. The business segments are determined based on the products and services provided, or the type of customer served. Each segment has a segment head who reports directly to the Chief Executive Officer. The Chief Executive Officer has final authority over resource allocation decisions and performance assessment. The business segments reflect this management structure and the manner in which financial information is currently evaluated by the Chief Executive Officer. For more information on our business operating segments, as well as Other non-segment operations, see Note 25 in the Company’s 2018 Form 10-K.
| As of and for the Three Months Ended September 30, 2019
(in millions) | Consumer Banking |  | Commercial Banking |  | Other |  | Consolidated
Net interest income |  | $799 |  |  |  | $360 |  |  |  | ($14 | ) |  |  | $1,145 |
Noninterest income | 336 |  |  | 133 |  |  | 24 |  |  | 493 |
Total revenue | 1,135 |  |  | 493 |  |  | 10 |  |  | 1,638 |
Noninterest expense | 718 |  |  | 213 |  |  | 42 |  |  | 973 |
Profit (loss) before provision for credit losses | 417 |  |  | 280 |  |  | (32 | ) |  | 665 |
Provision for credit losses | 83 |  |  | 27 |  |  | (9 | ) |  | 101 |
Income (loss) before income tax expense (benefit) | 334 |  |  | 253 |  |  | (23 | ) |  | 564 |
Income tax expense (benefit) | 83 |  |  | 57 |  |  | (25 | ) |  | 115 |
Net income |  | $251 |  |  |  | $196 |  |  |  | $2 |  |  |  | $449 |
Total average assets |  | $66,365 |  |  |  | $55,614 |  |  |  | $40,131 |  |  |  | $162,110 |
| As of and for the Three Months Ended September 30, 2018
(in millions) | Consumer Banking |  | Commercial Banking |  | Other |  | Consolidated
Net interest income |  | $776 |  |  |  | $380 |  |  |  | ($8 | ) |  |  | $1,148 |
Noninterest income | 258 |  |  | 140 |  |  | 18 |  |  | 416 |
Total revenue | 1,034 |  |  | 520 |  |  | 10 |  |  | 1,564 |
Noninterest expense | 686 |  |  | 202 |  |  | 22 |  |  | 910 |
Profit (loss) before provision for credit losses | 348 |  |  | 318 |  |  | (12 | ) |  | 654 |
Provision for credit losses | 71 |  |  | 14 |  |  | (7 | ) |  | 78 |
Income (loss) before income tax expense (benefit) | 277 |  |  | 304 |  |  | (5 | ) |  | 576 |
Income tax expense (benefit) | 70 |  |  | 70 |  |  | (7 | ) |  | 133 |
Net income |  | $207 |  |  |  | $234 |  |  |  | $2 |  |  |  | $443 |
Total average assets |  | $62,974 |  |  |  | $52,871 |  |  |  | $39,779 |  |  |  | $155,624 |
| As of and for the Nine Months Ended September 30, 2019
(in millions) | Consumer Banking |  | Commercial Banking |  | Other |  | Consolidated
Net interest income |  | $2,386 |  |  |  | $1,103 |  |  |  | ($18 | ) |  |  | $3,471 |
Noninterest income | 860 |  |  | 432 |  |  | 91 |  |  | 1,383 |
Total revenue | 3,246 |  |  | 1,535 |  |  | 73 |  |  | 4,854 |
Noninterest expense | 2,133 |  |  | 639 |  |  | 89 |  |  | 2,861 |
Profit (loss) before provision for credit losses | 1,113 |  |  | 896 |  |  | (16 | ) |  | 1,993 |
Provision for credit losses | 228 |  |  | 73 |  |  | (18 | ) |  | 283 |
Income before income tax expense (benefit) | 885 |  |  | 823 |  |  | 2 |  |  | 1,710 |
Income tax expense (benefit) | 219 |  |  | 184 |  |  | (34 | ) |  | 369 |
Net income |  | $666 |  |  |  | $639 |  |  |  | $36 |  |  |  | $1,341 |
Total average assets |  | $65,624 |  |  |  | $55,793 |  |  |  | $39,927 |  |  |  | $161,344 |
| As of and for the Nine Months Ended September 30, 2018
(in millions) | Consumer Banking |  | Commercial Banking |  | Other |  | Consolidated
Net interest income |  | $2,268 |  |  |  | $1,113 |  |  |  | ($21 | ) |  |  | $3,360 |
Noninterest income | 708 |  |  | 405 |  |  | 62 |  |  | 1,175 |
Total revenue | 2,976 |  |  | 1,518 |  |  | 41 |  |  | 4,535 |
Noninterest expense | 2,000 |  |  | 610 |  |  | 58 |  |  | 2,668 |
Profit (loss) before provision for credit losses | 976 |  |  | 908 |  |  | (17 | ) |  | 1,867 |
Provision for credit losses | 209 |  |  | 19 |  |  | 13 |  |  | 241 |
Income (loss) before income tax expense (benefit) | 767 |  |  | 889 |  |  | (30 | ) |  | 1,626 |
Income tax expense (benefit) | 193 |  |  | 203 |  |  | (26 | ) |  | 370 |
Net income (loss) |  | $574 |  |  |  | $686 |  |  |  | ($4 | ) |  |  | $1,256 |
Total average assets |  | $61,857 |  |  |  | $51,820 |  |  |  | $39,805 |  |  |  | $153,482 |
There have been no significant changes in the management accounting practices utilized by the Company regarding the basis of presentation for segment results as discussed in Note 25 in the Company’s 2018 Form 10-K.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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