See more : EIZO Corporation (6737.T) Income Statement Analysis – Financial Results
Complete financial analysis of CIT Group Inc. (CIT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of CIT Group Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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CIT Group Inc. (CIT)
About CIT Group Inc.
CIT Group Inc. operates as the holding company for CIT Bank, N.A. that provides banking and related services to commercial and individual customers. The company operates through Commercial Banking and Consumer Banking segments. The Commercial Banking segment provides a range of commercial lending, leasing, and deposit products; loans comprising revolving lines of credit, term loans, unsecured loans, collateral-backed loans, asset-based loans, commercial real estate loans, and cash flow loans; and ancillary services and products, including cash management, capital markets, and advisory services primarily to small and middle market companies. This segment also offers asset management, factoring, receivable management, and secured financing services; supply chain financing, leasing and equipment financing to small businesses and middle market, and railroads and shippers. The Consumer Banking segment provides checking, savings, money market, and individual retirement accounts; time deposits and certificates of deposit; residential mortgage loans; small business administration loans; payment solutions; and fiduciary services. The company also offers leasing and advisory, and online banking services. It operates through a network of approximately 60 branches located in southern California. CIT Group Inc. was founded in 1908 and is based in New York, New York.
| Metric | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.32B | 2.27B | 2.37B | 2.48B | 2.33B | 2.74B | 2.54B | 2.39B | 1.11B | 2.03B | 3.14B | 1.33B | 2.96B | 4.77B | 4.06B | 3.74B | 3.41B | 3.27B | 888.80M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 2.32B | 2.27B | 2.37B | 2.48B | 2.33B | 2.74B | 2.54B | 2.39B | 1.11B | 2.03B | 3.14B | 1.33B | 2.96B | 4.77B | 4.06B | 3.74B | 3.41B | 3.27B | 888.80M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 887.90M | 753.70M | 758.20M | 778.90M | 815.70M | 703.80M | 619.00M | 619.40M | 620.30M | 570.00M | 646.50M | 0.00 | 752.40M | 1.48B | 1.38B | 1.11B | 1.05B | 942.30M | 652.80M |
| Selling & Marketing | 34.10M | 40.40M | 47.60M | 42.20M | 20.50M | 31.30M | 33.70M | 25.20M | 36.50M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 922.00M | 794.10M | 805.80M | 821.10M | 836.20M | 735.10M | 652.70M | 644.60M | 656.80M | 570.00M | 646.50M | 0.00 | 752.40M | 1.48B | 1.38B | 1.11B | 1.05B | 942.30M | 652.80M |
| Other Expenses | -3.22B | -1.48B | -1.75B | -2.18B | -3.05B | -1.80B | -1.38B | -1.13B | 674.70M | 384.70M | 53.80M | 1.39B | -3.82B | -2.69B | -1.16B | -1.53B | -1.96B | -1.96B | 340.00M |
| Operating Expenses | -2.29B | -690.20M | -946.40M | -1.36B | -2.22B | -1.07B | -722.70M | -484.50M | 1.33B | 954.70M | 700.30M | 1.39B | -3.06B | -1.22B | 218.30M | -415.30M | -915.80M | -1.02B | 992.80M |
| Cost & Expenses | -2.29B | -690.20M | -946.40M | -1.36B | -2.22B | -1.07B | -722.70M | -484.50M | 1.33B | 954.70M | 700.30M | 1.39B | -3.06B | -1.22B | 218.30M | -415.30M | -915.80M | -1.02B | 1.33B |
| Interest Income | 1.79B | 2.01B | 1.88B | 1.82B | 1.89B | 1.50B | 1.22B | 1.38B | 1.57B | 2.23B | 3.72B | 2.32B | 3.64B | 7.02B | 5.69B | 4.52B | 3.79B | 3.73B | 0.00 |
| Interest Expense | 733.30M | 952.00M | 815.10M | 717.70M | 753.20M | 1.10B | 1.09B | 1.14B | 2.90B | 2.79B | 3.08B | 2.66B | 3.14B | 3.83B | 2.87B | 1.91B | 1.26B | 1.32B | 340.00M |
| Depreciation & Amortization | 327.40M | 308.60M | 311.10M | 392.60M | 700.00M | 653.70M | 882.00M | 705.50M | 1.99B | 752.00M | -495.20M | 1.42B | 1.41B | 1.28B | 1.07B | 1.00B | 998.80M | 1.09B | 287.50M |
| EBITDA | 357.30M | 1.89B | 1.74B | 1.51B | 808.70M | 2.33B | 2.70B | 2.61B | 4.42B | 3.73B | 3.35B | 4.13B | 1.30B | 4.84B | 5.34B | 4.33B | 3.50B | 3.34B | 863.50M |
| EBITDA Ratio | 15.37% | 83.16% | 73.23% | 60.97% | 34.77% | 84.87% | 106.27% | 109.24% | 399.57% | 184.28% | 106.53% | 311.97% | 44.03% | 101.36% | 131.64% | 115.66% | 102.43% | 102.09% | 97.15% |
| Operating Income | 29.90M | 1.58B | 1.43B | 1.12B | 108.70M | 1.67B | 1.82B | 1.91B | 2.44B | 2.98B | 3.84B | 2.71B | -104.80M | 3.56B | 4.28B | 3.33B | 2.50B | 2.25B | 576.00M |
| Operating Income Ratio | 1.29% | 69.55% | 60.13% | 45.12% | 4.67% | 61.01% | 71.56% | 79.73% | 220.24% | 147.14% | 122.30% | 204.59% | -3.54% | 74.53% | 105.38% | 88.90% | 73.16% | 68.85% | 64.81% |
| Total Other Income/Expenses | -733.30M | -952.50M | -790.10M | -926.50M | -87.80M | -1.09B | -1.14B | -1.13B | -2.89B | -2.79B | -3.07B | -2.66B | -972.70M | -3.83B | -2.87B | -1.91B | -1.26B | -1.32B | -340.00M |
| Income Before Tax | -703.40M | 623.90M | 637.00M | 191.60M | 20.90M | 578.50M | 680.80M | 774.10M | -454.80M | 190.20M | 768.10M | 51.20M | -1.08B | -275.40M | 1.41B | 1.41B | 1.24B | 931.90M | 236.00M |
| Income Before Tax Ratio | -30.26% | 27.53% | 26.84% | 7.73% | 0.90% | 21.11% | 26.79% | 32.38% | -41.07% | 9.39% | 24.46% | 3.86% | -36.41% | -5.77% | 34.74% | 37.78% | 36.24% | 28.50% | 26.55% |
| Income Tax Expense | -88.10M | 94.50M | 164.90M | -67.80M | 203.50M | -488.40M | -397.90M | 92.50M | 133.80M | 158.50M | 246.90M | -132.10M | -444.40M | -194.40M | 364.40M | 464.20M | 483.20M | 365.00M | 92.00M |
| Net Income | -615.30M | 529.40M | 472.10M | 259.40M | -182.60M | 1.07B | 1.08B | 681.60M | -588.60M | 31.70M | 521.20M | 183.30M | -633.10M | -81.00M | 1.05B | 949.10M | 753.60M | 566.90M | 144.00M |
| Net Income Ratio | -26.47% | 23.36% | 19.89% | 10.47% | -7.85% | 38.94% | 42.45% | 28.51% | -53.15% | 1.57% | 16.60% | 13.83% | -21.39% | -1.70% | 25.76% | 25.37% | 22.08% | 17.34% | 16.20% |
| EPS | -6.25 | 5.46 | 3.97 | 1.60 | -0.90 | 5.75 | 5.72 | 3.40 | -2.93 | 0.16 | 2.60 | 0.46 | -2.44 | -0.41 | 5.26 | 4.61 | 3.57 | 2.68 | 0.68 |
| EPS Diluted | -6.25 | 5.46 | 3.97 | 1.58 | -0.90 | 5.72 | 5.69 | 3.38 | -2.93 | 0.16 | 2.60 | 0.46 | -2.44 | -0.40 | 5.15 | 4.50 | 3.50 | 2.66 | 0.68 |
| Weighted Avg Shares Out | 98.41M | 96.92M | 118.78M | 162.29M | 201.85M | 185.50M | 188.49M | 200.50M | 200.89M | 200.68M | 200.20M | 399.63M | 259.07M | 198.91M | 198.91M | 206.06M | 211.02M | 211.53M | 211.80M |
| Weighted Avg Shares Out (Dil) | 98.41M | 96.92M | 118.78M | 163.95M | 201.85M | 186.39M | 189.46M | 201.70M | 200.89M | 200.82M | 200.58M | 399.63M | 259.07M | 203.11M | 203.11M | 210.73M | 215.05M | 213.12M | 211.80M |
CIT Serves as Sole Lead Arranger of $17.4 Million Financing for Medical Office Buildings in Bakersfield, California
CIT Wins Two 2021 Stevie® American Business Awards®
CIT Group (CIT) Q1 Earnings Beat on Reserve Releases, Stock Down
CIT Serves as Coordinating Lead Arranger on $84 Million Financing for Texas Solar Project
CIT Announces First Quarter Financial Results
CIT Serves as Sole Lead Arranger on $19.3 Million Financing for Texas Health Center
CIT Declares Dividends
CIT to Announce First Quarter 2021 Financial Results
CIT Serves as Sole Lead Arranger on $15.9 Million Financing for Medical Office Buildings
CIT Serves as Sole Lead Arranger on $27 Million Financing for Florida Warehouse and Distribution Center
Source: https://incomestatements.info
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