Call reports 2021
CIT BANK, NATIONAL ASSOCIATION — 2021
What CIT BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 50,658,201,000 | 49,309,230,000 | 48,720,884,000 | 47,562,923,000 |
| Total loans | 33,508,968,000 | 31,603,443,000 | 31,048,307,000 | 30,432,418,000 |
| Allowance for loan losses | 911,611,000 | 834,673,000 | 779,950,000 | 702,673,000 |
| Securities available for sale | 4,726,566,000 | 5,068,357,000 | 5,548,030,000 | 6,580,892,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 277,789,000 | 301,696,000 | 268,272,000 | 220,482,000 |
| Total deposits | 42,626,629,000 | 42,183,309,000 | 40,856,213,000 | 40,214,687,000 |
| Interest-bearing deposits | 38,962,917,000 | 38,162,852,000 | 37,049,846,000 | 36,335,797,000 |
| Noninterest-bearing deposits | 3,663,712,000 | 4,020,457,000 | 3,806,367,000 | 3,878,890,000 |
| Equity capital | 5,034,556,000 | 5,278,584,000 | 5,348,102,000 | 5,373,945,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 374,631,000 | 734,162,000 | 1,080,450,000 | 1,427,572,000 |
| Interest expense | 70,322,000 | 128,777,000 | 181,995,000 | 232,463,000 |
| Net interest income | 304,309,000 | 605,385,000 | 898,455,000 | 1,195,109,000 |
| Noninterest income | 216,145,000 | 459,886,000 | 673,182,000 | 918,020,000 |
| Noninterest expense | 352,965,000 | 667,155,000 | 993,879,000 | 1,315,205,000 |
| Provision for loan losses | -92,310,000 | -139,761,000 | -188,960,000 | -256,170,000 |
| Pretax income | 370,565,000 | 657,925,000 | 904,335,000 | 1,194,906,000 |
| Income tax | 94,896,000 | 170,605,000 | 231,070,000 | 310,164,000 |
| Net income | 275,669,000 | 487,320,000 | 673,265,000 | 884,742,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,165,200,000 | 5,365,100,000 | 5,446,723,000 | 5,493,847,000 |
| Total capital | 6,002,115,000 | 6,179,860,000 | 6,255,615,000 | 6,297,761,000 |
| Risk-weighted assets | 42,787,339,000 | 41,045,808,000 | 40,607,847,000 | 40,247,378,000 |