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CIT

CIT

Non-accrual Loans

$292 M

Q2, 2018

Revenue

$3.2 B

FY, 2020

Market Capitalization

$5.1 B

2022-01-03

CIT Summary

Company summary

Overview
CIT provides banking and related services to commercial and individual customers. The Company operates through three segments: Commercial Banking, Consumer Banking, and Non-Strategic Portfolios (NSP). The Commercial Banking segment offers lending, leasing, and other financial and advisory services, factoring, receivables management products, and secured supply chain financing, and equipment leasing and secured financing to railroads and non-rail companies. The Consumer Banking segment provides mortgage loans and deposits. It also offer small business administration loans and fiduciary services. The NSP segment provides equipment financing, secured lending, and leasing and advisory services to small and middle-market businesses. In addition, the Company offers online banking services.
Type
Public
Founded
1908
HQ
Pasadena, CA, US | view all locations
Website
https://www.cit.com/index.aspx
Cybersecurity rating
ESG rating
out of 100 | View all ESG data
Sectors

Key people

  • Ellen R. Alemany

    Ellen R. Alemany, Chairwoman and CEO

  • Michael L. Brosnan

    Michael L. Brosnan, Director

    • Jim Duffy

      Jim Duffy, Executive Vice President and Chief Human Resources Officer

      • William M. Freeman

        William M. Freeman, Director

        Operating MetricsView all

        Total Loans

        $29.3B
        1.1%

        Q2, 2018

        Non-accrual Loans

        $292M
        13.7%

        Q2, 2018

        Railcars Leased

        132K

        FY, 2017

        LocationsView all

        15 locations detected

        • Pasadena, CA HQ

          United States

          75 N Fair Oaks Ave

        • Boston, MA

          United States

          175 Federal St #503

        • Charlotte, NC

          United States

          201 S Tryon St #700

        • Chicago, IL

          United States

          30 S Wacker Dr #2900

        • Dallas, TX

          United States

          12221 Merit Dr #1700

        • Jacksonville, FL

          United States

          10201 Centurion Pkwy N #100

        and 9 others

        CIT Financials

        Summary financials

        Revenue (Q3, 2021)
        $634.8M
        Net income (Q3, 2021)
        $175.5M

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