$6.1 B

CIT Mkt cap, 16-Aug-2018

$1.1 B

CIT Group Revenue Q2, 2018
CIT Group Net income (Q2, 2018)126.8 M
CIT Group Cash, 30-Jun-2018208.6 M
CIT Group EV14.8 B

CIT Group Revenue Breakdown

Embed Graph

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

CIT Group Income Statement

Annual

USDFY, 2015FY, 2016FY, 2017

Revenue

2.6 b3.1 b3.2 b

Revenue growth, %

10%18%4%

Pre tax profit

186 m20.9 m191.6 m

Income tax expense

(538 m)203.5 m(67.8 m)

Net Income

1 b(848 m)468.2 m

CIT Group Balance Sheet

Annual

USDFY, 2015FY, 2016FY, 2017

Cash

1 b822.1 m278.5 m

Goodwill

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

Total Debt

16.4 b14.9 b9 b

Total Liabilities

56.4 b54.2 b42 b

Common Stock

2 m2.1 m2.1 m

Preferred Stock

325 m

Additional Paid-in Capital

8.7 b8.8 b8.8 b

Retained Earnings

2.5 b1.6 b1.9 b

Total Equity

10.9 b10 b7.3 b

Debt to Equity Ratio

1.5 x1.5 x1.2 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x

Financial Leverage

6.2 x6.4 x6.7 x

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

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

Goodwill

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

Total Debt

18 b17.5 b16.5 b14.7 b8.6 b8.5 b10.4 b8.9 b

Total Liabilities

56 b55.6 b54.7 b52.9 b43.1 b41.9 b44.4 b43.3 b

Common Stock

2.1 m2.1 m2.1 m2.1 m2.1 m2.1 m2.1 m2.1 m

Preferred Stock

325 m325 m

Additional Paid-in Capital

8.7 b8.7 b8.8 b8.8 b8.7 b8.8 b8.8 b8.8 b

Retained Earnings

2.7 b2.7 b2.8 b1.7 b1.8 b2 b2 b2.1 b

Total Equity

11.1 b11.1 b11.2 b10.2 b7.4 b7.5 b7.1 b6.5 b

Debt to Equity Ratio

1.6 x1.6 x1.5 x1.4 x1.2 x1.1 x1.5 x1.4 x

Debt to Assets Ratio

0.3 x0.3 x0.3 x0.2 x0.2 x0.2 x0.2 x0.2 x

Financial Leverage

6 x6 x5.9 x6.2 x6.9 x6.6 x7.2 x7.6 x

CIT Group Cash Flow

Annual

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

Long-term Borrowings

(2.8 b)(2.5 b)(9.6 b)

Dividends Paid

(114.9 m)(123 m)(113.7 m)

Cash From Financing Activities

(873.9 m)(2.9 b)(13.1 b)

Net Change in Cash

1.3 b(1.1 b)(4.8 b)

Interest Paid

(1.1 b)(1.1 b)(915.2 m)

Income Taxes Paid

(9.5 m)61.2 m(40.5 m)

Quarterly

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

Long-term Borrowings

(499.5 m)(1 b)(2 b)(1.1 b)(7.4 b)(7.6 b)(1.6 b)

Dividends Paid

(30.6 m)(61.5 m)(92.3 m)(30.8 m)(61.7 m)(82.4 m)(21.5 m)

Cash From Financing Activities

(391.4 m)(901.7 m)(1.9 b)(1.1 b)(11.8 b)(13.5 b)2.2 b425.1 m

Net Change in Cash

(152.1 m)(166.5 m)(890.3 m)(147.4 m)(1.2 b)(3.4 b)2.4 b1.7 b

Interest Paid

(335.9 m)(579.9 m)(902.9 m)(315.3 m)(561 m)(776.1 m)(200.8 m)(376.8 m)

Income Taxes Paid

(200 k)(6.4 m)49.9 m200 k(13.8 m)(38 m)(3.2 m)(18.2 m)

CIT Group Ratios

USDY, 2018

EV/CFO

29.5 x

Debt/Equity

1.4 x

Debt/Assets

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, 2017Jun, 2017Q2, 2017Q3, 2017Nov, 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

Bank Branches

70 70 70 70 70 70 70 70 70 wdxefcqufszuzezftuxetqsqxt

Railcars

134 k117 132 k132 k
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