CIT Group

CIT Group is a bank holding company for CIT Bank, National Association that provides banking and related services to commercial and individual customers. The Company operates through Commercial Banking, Consumer Banking, Non-Strategic Portfolios, and Corporate and Other segments. The Commercial Banking segment offers lending, leasing, and other financial and advisory services primarily to small and middle-market companies; factoring and secured financing services, as well as receivables management products to the retail supply chain; and equipment leasing and secured financing to the rail industry. The Consumer Banking segment provides mortgage loans, deposits, and private banking and fiduciary services. The NSP segment provides equipment financing, secured lending, and leasing and advisory services to small and middle-market businesses. The Corporate and Other segment offers investments and other unallocated items, such as amortization of intangible assets. The Company also offers acquisition and expansion financing, enterprise value and cash flow loans, import and export financing, and letters of credit/trade acceptances; and account receivables collection, asset management, credit protection, cash management and payment, debt restructuring, debt underwriting and syndication, financial risk management, insurance, merger and acquisition advisory, and online banking services.
Company Growth (employees)
Livingston, US
Size (employees)
3,064 (est)-30%
CIT Group was founded in 1908 and is headquartered in Livingston, US

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 Alemany

Ellen Alemany

Chairwoman and CEO
Jim Duffy

Jim Duffy

Executive Vice President and Chief Human Resources Officer

CIT Group Office Locations

CIT Group has offices in Livingston, New York, Beijing, Shanghai and in 14 other locations
New York, US (HQ)
11 W 42nd St
Livingston, US (HQ)
One CIT Drive
Danville, US
134 Wooding Avenue
Pasadena, US
74 North Pasadena Avenue
Paris, FR
86 Boulevard Haussmann
Salt Lake City, US
2150 South 1300 East, Suite 400
Show all (18)

CIT Group Financials and Metrics

CIT Group Financials

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

Net income (Q1, 2017)

179.9 m

Market capitalization (19-Oct-2017)

9.1 b
CIT Group's current market capitalization is $9.1 b.
USDFY, 2010FY, 2011FY, 2013FY, 2014FY, 2015FY, 2016


2.5 b1.8 b2.3 b3.6 b

Revenue growth, %



774.1 m680.8 m

EBIT margin, %

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Interest expense

262.2 m275.2 m271.3 m265.2 m280.3 m286.4 m282.5 m279.4 m163.1 m

Interest income

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

Income tax expense

(18.1 m)(44 m)(37.8 m)560 m(52.7 m)(94.3 m)(77 m)(56.2 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
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
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)
Y, 2017

Financial Leverage

6.2 x
Show all financial metrics

CIT Group Operating Metrics

CIT Group's Total Loans Issued was reported to be $29 b in Q2, 2017
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Operating Lease (Railcars)

120 k128 k131 k

Operating Lease (Locomotives)


Bank Branches


Total Loans Issued

$18.26 b$19.07 b$19.3 b$32.07 b$30.52 b$31 b$30.57 b$29.5 b$29.54 b$29.69 b$29.03 b
Show all operating metrics

CIT Group Market Value History

Traffic Overview of CIT Group

CIT Group Online and Social Media Presence

CIT Group Company Life and Culture

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