Company Quick10K Filing
CIT Group
10-Q 2020-03-31 Filed 2020-05-05
10-K 2019-12-31 Filed 2020-02-20
10-Q 2019-09-30 Filed 2019-11-01
10-Q 2019-06-30 Filed 2019-08-02
10-Q 2019-03-31 Filed 2019-05-03
10-K 2018-12-31 Filed 2019-02-21
10-Q 2018-09-30 Filed 2018-11-02
10-Q 2018-06-30 Filed 2018-08-03
10-Q 2018-03-31 Filed 2018-05-04
10-K 2017-12-31 Filed 2018-02-23
10-Q 2017-09-30 Filed 2017-11-03
10-Q 2017-06-30 Filed 2017-08-07
10-Q 2017-03-31 Filed 2017-05-08
10-K 2016-12-31 Filed 2017-03-16
10-Q 2016-09-30 Filed 2016-11-09
10-Q 2016-06-30 Filed 2016-08-15
10-Q 2016-03-31 Filed 2016-05-09
10-K 2015-12-31 Filed 2016-03-07
10-Q 2015-09-30 Filed 2015-11-13
10-Q 2015-06-30 Filed 2015-08-05
10-Q 2015-03-31 Filed 2015-05-07
10-K 2014-12-31 Filed 2015-02-20
10-Q 2014-09-30 Filed 2014-11-07
10-Q 2014-06-30 Filed 2014-08-06
10-Q 2014-03-31 Filed 2014-05-09
10-K 2013-12-31 Filed 2014-02-28
10-Q 2013-09-30 Filed 2013-11-06
10-Q 2013-06-30 Filed 2013-08-07
10-Q 2013-03-31 Filed 2013-05-09
10-K 2012-12-31 Filed 2013-03-01
10-Q 2012-09-30 Filed 2012-11-09
10-Q 2012-06-30 Filed 2012-08-09
10-Q 2012-03-31 Filed 2012-05-10
10-K 2011-12-31 Filed 2012-02-29
10-Q 2011-09-30 Filed 2011-11-09
10-Q 2011-06-30 Filed 2011-08-09
10-Q 2011-03-31 Filed 2011-05-10
10-K 2010-12-31 Filed 2011-03-10
10-Q 2010-09-30 Filed 2010-11-09
10-Q 2010-06-30 Filed 2010-08-09
10-Q 2010-03-31 Filed 2010-05-10
10-K 2009-12-31 Filed 2010-03-16
8-K 2020-05-12 Shareholder Vote
8-K 2020-04-28 Officers
8-K 2020-04-21 Earnings, Regulation FD, Exhibits
8-K 2020-04-15 Other Events, Exhibits
8-K 2020-01-28 Earnings, Regulation FD, Exhibits
8-K 2020-01-21 Other Events, Exhibits
8-K 2020-01-01 M&A, Sale of Shares, Regulation FD, Exhibits
8-K 2019-11-18 Other Events, Exhibits
8-K 2019-11-07 Enter Agreement, Shareholder Rights, Amend Bylaw, Exhibits
8-K 2019-10-22 Earnings, Regulation FD, Exhibits
8-K 2019-10-16 Other Events, Exhibits
8-K 2019-09-13 Exit Costs, Impairments
8-K 2019-09-09 Regulation FD, Exhibits
8-K 2019-08-22 Officers
8-K 2019-08-13 Regulation FD, Exhibits
8-K 2019-08-12 Enter Agreement, Sale of Shares, Exhibits
8-K 2019-07-23 Earnings, Regulation FD, Exhibits
8-K 2019-07-18 Other Events, Exhibits
8-K 2019-05-14 Shareholder Vote
8-K 2019-04-23 Earnings, Regulation FD, Exhibits
8-K 2019-04-16 Other Events, Exhibits
8-K 2019-02-19 Enter Agreement, Exhibits
8-K 2019-01-29 Earnings, Regulation FD, Exhibits
8-K 2019-01-28 Other Events
8-K 2019-01-23 Other Events, Exhibits
8-K 2018-11-02 Other Events
8-K 2018-10-23 Earnings, Regulation FD, Exhibits
8-K 2018-10-19 Other Events
8-K 2018-10-15 Other Events, Exhibits
8-K 2018-10-01 Leave Agreement, Off-BS Arrangement, Other Events, Exhibits
8-K 2018-08-14 Enter Agreement, Other Events, Exhibits
8-K 2018-07-24 Earnings, Regulation FD, Exhibits
8-K 2018-07-17 Other Events, Exhibits
8-K 2018-06-28 Other Events
8-K 2018-06-13 Regulation FD, Exhibits
8-K 2018-05-31 Other Events, Exhibits
8-K 2018-05-08 Shareholder Vote
8-K 2018-04-26 Other Events, Exhibits
8-K 2018-04-24 Earnings, Regulation FD, Exhibits
8-K 2018-04-16 Other Events, Exhibits
8-K 2018-03-08 Accountant, Exhibits
8-K 2018-03-06 Enter Agreement, Other Events, Exhibits
8-K 2018-02-21 Officers
8-K 2018-02-16 Enter Agreement, Exhibits
8-K 2018-02-14 Regulation FD, Exhibits
8-K 2018-02-01 Other Events
8-K 2018-01-30 Earnings, Regulation FD, Exhibits
8-K 2018-01-25 Regulation FD
8-K 2018-01-22 Other Events, Exhibits

CIT Group Financials

CIT Metrics, Comps, Filings

Quarterly | Annual

Business

CIT Group Inc., together with its subsidiaries (collectively "we", "our", "CIT" or the "Company"), is a bank holding company ("BHC") and a financial holding company ("FHC") with $44.4 billion of earning assets at December 31, 2018. CIT was formed in 1908 and provides financing, leasing and advisory services principally to middle-market companies and small businesses in a wide variety of industries, primarily in North America. CIT also provides banking and related services to commercial and individual customers through our banking subsidiary, CIT Bank, N.A. ("CIT Bank"), which includes over 60 branches located in Southern California and its online bank, cit.com/cit-bank/.

CIT is regulated by the Board of Governors of the Federal Reserve System ("FRB") and the Federal Reserve Bank of New York ("FRBNY") under the U.S. Bank Holding Company Act of 1956, as amended ("BHC Act"). CIT Bank is regulated by the Office of the Comptroller of the Currency of the U.S. Department of the Treasury ("OCC").

As of December 31, 2018, CIT manages its business and reports its financial results in three operating segments: Commercial Banking, Consumer Banking, and Non-Strategic Portfolios, and a non-operating segment, Corporate and Other:


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
First Citizens Bancshares (FCNCA) 5,339 12.3 1% 37,748 34,180 0 0 355 421 5,162
Synovus Financial (SNV) 5,313 6.0 1% 47,661 42,792 0 0 517 1,050 6,284
Popular (BPOP) 5,286 5.2 1% 52,480 46,572 0 0 504 913 4,778
First Horizon National (FHN) 5,154 0% 4.9 1% 43,718 38,722 1,333 0 331 750 3,658
Prosperity Bancshares (PB) 4,935 11.1 1% 22,093 17,966 0 0 246 406 4,514
Bank of The Ozarks (OZK) 4,754 6.5 2% 19,152 16,276 0 0 308 585 3,825
Western Alliance (WAL) 4,743 4.9 2% 26,324 23,401 0 0 492 785 3,871
First Financial (FFIN) 4,548 26.5 2% 8,114 6,909 0 0 123 172 4,548
CIT Group (CIT) 4,455 6.0 1% 51,403 45,370 0 0 491 1,499 9,053
Pinnacle Financial Partners (PNFP) 4,351 6.2 1% 27,548 23,253 0 0 400 702 4,351
PacWest Bancorp (PACW) 4,294 0% 5.7 2% 26,725 21,805 1,042 0 466 839 4,811
Webster Financial (WBS) 4,189 0% 6.4 1% 29,895 26,743 157 0 391 688 4,435
Sterling Bancorp (STL) 4,168 0% 8.0 1% 30,078 25,557 20 0 435 852 6,797
Iberiabank (IBKC) 4,053 7.1 1% 31,735 27,451 0 0 302 636 4,516
United Bankshares (UBSI) 3,949 11.0 1% 19,751 16,397 0 0 261 511 5,622
Wintrust Financial (WTFC) 3,774 0% 4.3 1% 34,912 31,372 1,088 0 349 780 3,325
Glacier Bancorp (GBCI) 3,727 0% 11.3 1% 13,719 11,765 55 0 203 294 3,320
FNB (FNB) 3,714 5.7 1% 34,329 29,509 0 0 392 778 4,445
Valley National Bancorp (VLY) 3,707 5.8 1% 33,766 30,207 0 0 349 937 5,460
First Hawaiian (FHB) 3,620 0% 6.6 1% 20,598 17,944 580 0 217 373 2,476

Balance Sheet ($MM)2010-06-302010-09-302010-12-312011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash9,4879,5902,5544,3434,9304,8636,5665,4285,0995,3725,6364,3384,7554,8705,0814,3585,6255,1356,1565,4874,6697,4237,4717,3187,3006,5806,3756,2285,1292,9611,5944,1063,4761,3681,7961,3201,6721,825
Accounts Receivable
Inventory
PP&E200197191174160
Assets54,91752,98250,95850,67548,01044,47845,23544,14842,79643,58144,01244,56344,63146,22447,13948,57844,15346,48147,88046,41646,65768,12667,49967,09866,70065,96664,17063,09450,47949,33649,27951,54249,85549,26248,53750,78250,55851,403
Accounts Payable
Long-Term Debt38,27635,94133,98033,68730,89127,00126,28825,10123,53422,90621,96221,57721,00221,39021,75022,66917,54618,92318,45616,65816,44219,32018,53918,01317,51016,54914,93614,7368,6218,5318,97410,4378,8608,6748,1196,5716,3266,423
Liabilities46,28344,15142,04441,68139,06735,57436,34435,69234,41135,49035,67236,06135,94637,37038,28939,77635,52337,47738,81637,65737,85057,32656,52055,97155,57654,72854,16752,92943,12741,88441,95944,41643,32942,94242,59144,87244,64245,370
Stockholders' Equity8,6328,8308,91628,95229,34229,30816,0648,4538,3818,0868,3358,4948,6778,8458,8398,7968,6189,0059,0698,7598,80710,79910,97811,12611,12411,23710,00310,1655,9105,9166,034
Income Statement ($MM)2010-06-302010-09-302010-12-312011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue670586938370504405-22351886425591,0595895975626515541,8645925956862,011
Cost of Revenue
Gross Profit
R&D
SG&A78
Tax-7164-26644314040283111532141281418-3414438-560-10539477-756-14-2478415741253833-26
Net Income1421317570-54-1728-446-70-30420716618420013011223451825110411569314414714133-1,142180157220-889712713292119138143
Cash Flow ($MM)2010-06-302010-09-302010-12-312011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating10340613214545613298675306945974518122757912834467363566466886290-6716613112737419110686227
Cash Investing1,7495273,3933,3551,25868755-3353-1,939167-1,629-951-2,0253,020-1,891-130518-1,404-372-20296219,699-674-1,89055777-1,435-2,515378-733
Cash Financing-1,7501,733-2,938-3,566-11-1,219-1,382540-268571-2099989821,075-2,3321,272806-1,254223-346-984-1,065-1,062-10,736-1,6653912,197-1,772-8641,932-112662