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)
New York, US
Size (employees)
4,410 (est)-10%
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

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


2.5 b1.8 b2.3 b3.6 b

Revenue growth, %


Operating expense total

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


774.1 m680.8 m

EBIT margin, %


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


29.5 b


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


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


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

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CIT Company Life and Culture

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