CIT is a financial holding company that provides financing, leasing and advisory services. The Company maintains leadership positions in middle market lending, factoring, retail finance, aerospace, equipment and rail leasing, as well as global vendor finance. CIT's business areas operate under two segments: North American commercial finance and transportation and international finance.
Company Growth (employees)
Type
Public
HQ
New York, US
Founded
1908
Size (employees)
4,410 (est)-10%
Website
cit.com
CIT was founded in 1908 and is headquartered in New York, US

CIT Office Locations

CIT has offices in New York, Livingston, Beijing, Shanghai and in 21 other locations
New York, US (HQ)
11 West 42nd Street
Salt Lake City, US
2150 South 1300 East, Suite 400
Dallas, US
5420 LBJ Freeway, Suite 200
Charlotte, US
201 South Tryon Street, Suite 700
Boston, US
175 Federal Street, Suite 503
Indianapolis, US
5750 Castle Creek Parkway, Suite 367
Show all (26)

CIT Data and Metrics

CIT Financial Metrics

CIT's revenue was reported to be $3.6 b in FY, 2014
USD

Net income (Q1, 2017)

179.9 m

Market capitalization (18-Aug-2017)

8.2 b
CIT's current market capitalization is $8.2 b.
USDFY, 2010FY, 2011FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

2.5 b1.8 b2.3 b3.6 b

Revenue growth, %

(28%)55%

Operating expense total

1 b896.6 m984.7 m941.8 m1.2 b

EBIT

774.1 m680.8 m

EBIT margin, %

33%19%

Interest expense

(1.1 b)(1.1 b)(1.1 b)(753.2 m)

Interest income

1.4 b1.2 b1.5 b1.9 b

Income tax expense

83.9 m(397.9 m)(488.4 m)(203.5 m)

Net Income

681.6 m1.1 b1.1 b(848 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Interest income

309.8 m308.3 m281 m283.8 m437.7 m495.4 m495.3 m490.1 m455.7 m

Net Income

364.1 m879 m103.7 m219 m912.1 m146.9 m161 m132.8 m179.9 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Accounts Receivable

47.1 m

Inventories

29.5 b

Goodwill

334.6 m571.3 m1.2 b685.4 m

Total Assets

47.1 b47.9 b67.5 b64.2 b

Accounts Payable

32.3 b

Total Liabilities

54.2 b

Additional Paid-in Capital

8.6 b8.6 b8.7 b8.8 b

Retained Earnings

1.6 b2.6 b1.6 b

Total Equity

8.9 b9.1 b11 b10 b

Financial Leverage

5.3 x5.3 x6.1 x6.4 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Inventories

18.6 b19.8 b19.4 b19.6 b32.4 b31.4 b30.5 b29.9 b29.7 b

Goodwill

403.1 m557.3 m563.6 m565.9 m1.1 b1.2 b1.2 b1.2 b686.1 m

Total Assets

44.2 b46.5 b46.4 b46.7 b68.1 b67.1 b66.7 b66 b63.1 b

Accounts Payable

13.9 b14.5 b16.8 b17.3 b32.3 b32.9 b32.9 b32.9 b32.3 b

Additional Paid-in Capital

8.6 b8.6 b8.6 b8.6 b8.7 b8.7 b8.7 b8.8 b8.8 b

Retained Earnings

905.8 m1.4 b1.7 b1.8 b2.4 b2.7 b2.7 b2.8 b1.7 b

Total Equity

8.6 b9 b8.8 b8.8 b10.8 b11.1 b11.1 b11.2 b10.2 b

Financial Leverage

5.1 x5.2 x5.3 x5.3 x6.3 x6 x6 x5.9 x6.2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

675.7 m1.1 b1.1 b(848 m)

Cash From Operating Activities

(555.1 m)1.1 b

Dividends Paid

(20.1 m)(95.3 m)(114.9 m)(123 m)

Interest Paid

(997.8 m)(1 b)(1.1 b)(1.1 b)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

364.1 m879 m103.7 m219 m912.1 m146.9 m161 m132.8 m179.9 m

Cash From Investing Activities

(895.7 m)(306.4 m)(299.2 m)

Dividends Paid

(39.3 m)(67.5 m)(27.1 m)(53.6 m)(84.4 m)(30.6 m)(61.5 m)(30.8 m)

Cash From Financing Activities

(661.2 m)(880.3 m)(375.4 m)(1.1 b)

Interest Paid

(524.7 m)(850.8 m)(324.3 m)(538.3 m)(866.5 m)(335.9 m)(579.9 m)(315.3 m)
Y, 2017

Financial Leverage

6.2 x

CIT Market Value History

Traffic Overview of CIT

CIT Online and Social Media Presence

CIT News and Updates

Citation Needed

President Trump, Lacking Evidence, Walks Back Claim Obama Wiretapped Him View Entire Post ›

Candied citrus peel 

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Get ready for yet another mobile wallet.

Hôtel de la Cité

This century-old hotel set within the walls of the medieval city boasts a Michelin-starred restaurant. Traditional rooms are full of character, and there's a pretty garden with heated pool and views over the ramparts.

TripAdvisor scoops up social mapping service Citymaps

 New York-based Citymaps, a social mapping application backed by $12 million in venture funding, has been acquired by TripAdvisor, the companies have announced. The service, which serves both as a mapping and navigational tool as well as a travel guide of sorts, will continue on as a standalone busi…
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CIT Company Life and Culture

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