Call reports 2020
CIT BANK, NATIONAL ASSOCIATION — 2020
What CIT BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 52,993,207,000 | 56,740,359,000 | 55,419,466,000 | 52,384,680,000 |
| Total loans | 36,176,878,000 | 35,987,941,000 | 35,206,374,000 | 34,348,601,000 |
| Allowance for loan losses | 1,097,679,000 | 1,168,543,000 | 1,162,684,000 | 1,024,592,000 |
| Securities available for sale | 5,845,369,000 | 5,383,219,000 | 6,339,348,000 | 6,660,621,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 534,944,000 | 544,627,000 | 487,541,000 | 431,544,000 |
| Total deposits | 42,997,172,000 | 47,268,903,000 | 45,639,288,000 | 44,202,948,000 |
| Interest-bearing deposits | 39,727,048,000 | 43,095,180,000 | 41,832,873,000 | 39,874,204,000 |
| Noninterest-bearing deposits | 3,270,125,000 | 4,173,723,000 | 3,806,415,000 | 4,328,743,000 |
| Equity capital | 4,875,108,000 | 4,825,855,000 | 4,925,709,000 | 4,942,968,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 493,803,000 | 926,637,000 | 1,337,932,000 | 1,738,851,000 |
| Interest expense | 174,622,000 | 326,602,000 | 439,842,000 | 528,191,000 |
| Net interest income | 319,181,000 | 600,035,000 | 898,090,000 | 1,210,660,000 |
| Noninterest income | 211,188,000 | 409,570,000 | 644,310,000 | 867,053,000 |
| Noninterest expense | 707,356,000 | 1,115,490,000 | 1,468,570,000 | 1,954,196,000 |
| Provision for loan losses | 432,036,000 | 592,814,000 | 623,475,000 | 622,153,000 |
| Pretax income | -670,637,000 | -714,315,000 | -547,776,000 | -496,918,000 |
| Income tax | -117,425,000 | -112,739,000 | -66,188,000 | -47,224,000 |
| Net income | -553,212,000 | -601,576,000 | -481,588,000 | -449,694,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,677,722,000 | 4,643,337,000 | 4,782,820,000 | 4,907,715,000 |
| Total capital | 5,545,687,000 | 5,506,005,000 | 5,642,438,000 | 5,760,129,000 |
| Risk-weighted assets | 45,160,187,000 | 44,728,639,000 | 44,462,398,000 | 43,962,537,000 |