CIT Group (Commercial Investment Trust) is a financial holding company. The Company provides financing and leasing capital and operates CIT Bank. CIT operates two business segments: Commercial banking and Consumer banking. The Commercial banking segment provides lending, leasing, senior secured commercial real estate loans, factoring, secured finance, and receivables management, as well as equipment leasing and secured financing to companies in the rail industry. The Consumer banking segment offers financial services including retail banking, mortgages, Small Business Administration loans and operates CIT Bank, which owns a direct bank.
Livingston, US
Size (employees)
4,167 (est)-5%
CIT Group was founded in 1908 and is headquartered in Livingston, US
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Key People/Management at CIT Group

George Cashman

George Cashman

President, CIT Rail
Jim Hudak

Jim Hudak

President, CIT Commercial Finance
Stuart Alderoty

Stuart Alderoty

Executive Vice President, General Counsel and Corporate Secretary
John Fawcett

John Fawcett

Executive Vice President and Chief Financial Officer
Matt Galligan

Matt Galligan

President, CIT Real Estate Finance
Ellen R. Alemany

Ellen R. Alemany

Chairwoman and CEO
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CIT Group Office Locations

CIT Group has offices in Danville, Pasadena, Paris, New York and in 14 other locations
Livingston, US (HQ)
One CIT Drive
New York, US (HQ)
11 W 42nd St
Atlanta, US
7000 Central Parkway NE, Suite 1200
Boston, US
175 Federal Street, Suite 503
Charlotte, US
201 South Tryon Street, Suite 700
Chicago, US
30 South Wacker Drive, Suite 2900
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CIT Group Financials and Metrics

CIT Group Revenue

CIT Group's revenue was reported to be $3.21 b in FY, 2017 which is a 3.7% increase from the previous period.

Revenue (Q2, 2018)

1.1 b

Net income (Q2, 2018)

126.8 m

Market capitalization (16-Aug-2018)

6.1 b

Closing stock price (16-Aug-2018)


Cash (30-Jun-2018)

208.6 m


14.8 b
CIT Group's current market capitalization is $6.1 b.
USDFY, 2015FY, 2016FY, 2017


2.6 b3.1 b3.2 b

Revenue growth, %


Pre tax profit

186 m20.9 m191.6 m

Income tax expense

(538 m)203.5 m(67.8 m)
USDFY, 2015FY, 2016FY, 2017


1 b822.1 m278.5 m


1.1 b685.4 m369.9 m

Total Assets

67.4 b64.2 b49.3 b

Long-term debt

16.4 b14.9 b9 b
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018


1 b1 b920.5 m741.7 m598.9 m453.4 m200.9 m208.6 m


1.2 b1.2 b1.2 b686.1 m625.5 m625.5 m369.9 m369.9 m

Total Assets

67.1 b66.7 b66 b63.1 b50.5 b49.3 b51.5 b49.9 b

Long-term debt

18 b17.5 b16.5 b14.7 b8.6 b8.5 b10.4 b8.9 b
USDFY, 2015FY, 2016FY, 2017

Net Income

1 b(848 m)468.2 m

Depreciation and Amortization

783.9 m700 m392.6 m

Cash From Operating Activities

1.2 b2.4 b519.8 m

Cash From Investing Activities

1.1 b(498.9 m)7.8 b
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

146 m163 m293.8 m179.9 m336.6 m556.2 m97 m223.8 m

Depreciation and Amortization

204 m402.1 m598.1 m98.8 m200.4 m84.2 m76.4 m153.6 m

Cash From Operating Activities

410.1 m995.3 m1.5 b289.5 m222.3 m388.7 m127.1 m500.9 m

Cash From Investing Activities

(168.5 m)(257.8 m)(507.9 m)621 m10.3 b9.6 b55.2 m832.4 m
USDY, 2018


29.5 x


1.4 x


0.2 x

Financial Leverage

7.6 x
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CIT Group Operating Metrics

CIT Group's Total Loans was reported to be $29.3b in Q2, 2018.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018

Total Loans

$18.26 b$19.07 b$19.30 b$32.07 b$30.52 b$31 b$30.57 b$29.50 b$29.54 b$29.69 b$29.03 b$28.51 b$29.11 b$29.45 b$29.35 b

Non-accrual Loans

$160 m$183.50 m$198 m$214.70 m$252 m$295 m$283 m$288.50 m$279 m$258.80 m$256.80 m$265 m$221 m$237 m$292 m

Operating Lease (Railcars)

120 k128 k131 k132 k

Operating Lease (Locomotives)

390 390 400
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CIT Group Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
OneWest Bank N.A July 22, 2014$3.40 b
1143986 Ontario Limited
1244771 Ontario Limited
3918041 Canada Inc.
544211 Alberta Ltd.
555565 Alberta Ltd.
555566 Alberta Ltd.
Baliardo Limited
C2 Aviation Capital, LLC
Canadian Income Partners III Limited Partnership
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CIT Group Revenue Breakdown

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CIT Group revenue breakdown by business segment: 71.9% from Consumer Banking, 23.7% from Commercial Banking and 4.4% from Other

CIT Group revenue breakdown by geographic segment: 95.0% from USA and 5.0% from Other

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CIT Group Online and Social Media Presence

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CIT Group News and Updates

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CIT Group Company Life and Culture

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