Company Quick10K Filing
CIT Group
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 99 $4,942
10-K 2020-02-20 Annual: 2019-12-31
10-Q 2019-11-01 Quarter: 2019-09-30
10-Q 2019-08-02 Quarter: 2019-06-30
10-Q 2019-05-03 Quarter: 2019-03-31
10-K 2019-02-21 Annual: 2018-12-31
10-Q 2018-11-02 Quarter: 2018-09-30
10-Q 2018-08-03 Quarter: 2018-06-30
10-Q 2018-05-04 Quarter: 2018-03-31
10-K 2018-02-23 Annual: 2017-12-31
10-Q 2017-11-03 Quarter: 2017-09-30
10-Q 2017-08-07 Quarter: 2017-06-30
10-Q 2017-05-08 Quarter: 2017-03-31
10-K 2017-03-16 Annual: 2016-12-31
10-Q 2016-11-09 Quarter: 2016-09-30
10-Q 2016-08-15 Quarter: 2016-06-30
10-Q 2016-05-09 Quarter: 2016-03-31
10-K 2016-03-07 Annual: 2015-12-31
10-Q 2015-11-13 Quarter: 2015-09-30
10-Q 2015-08-05 Quarter: 2015-06-30
10-Q 2015-05-07 Quarter: 2015-03-31
10-K 2015-02-20 Annual: 2014-12-31
10-Q 2014-11-07 Quarter: 2014-09-30
10-Q 2014-08-06 Quarter: 2014-06-30
10-Q 2014-05-09 Quarter: 2014-03-31
10-K 2014-02-28 Annual: 2013-12-31
10-Q 2013-11-06 Quarter: 2013-09-30
10-Q 2013-08-07 Quarter: 2013-06-30
10-Q 2013-05-09 Quarter: 2013-03-31
10-K 2013-03-01 Annual: 2012-12-31
10-Q 2012-11-09 Quarter: 2012-09-30
10-Q 2012-08-09 Quarter: 2012-06-30
10-Q 2012-05-10 Quarter: 2012-03-31
10-K 2012-02-29 Annual: 2011-12-31
10-Q 2011-11-09 Quarter: 2011-09-30
10-Q 2011-08-09 Quarter: 2011-06-30
10-Q 2011-05-10 Quarter: 2011-03-31
10-K 2011-03-10 Annual: 2010-12-31
10-Q 2010-11-09 Quarter: 2010-09-30
10-Q 2010-08-09 Quarter: 2010-06-30
10-Q 2010-05-10 Quarter: 2010-03-31
10-K 2010-03-16 Annual: 2009-12-31
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

Annual | Quarterly

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, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Cullen/Frost Bankers (CFR) 5,851 0% 8.3 1% 31,819 28,078 1,345 0 465 706 5,851
BOK Financial (BOKF) 5,592 4.5 1% 41,893 37,175 0 0 474 950 4,256
Synovus Financial (SNV) 5,390 0% 6.7 1% 47,318 42,564 112 0 490 982 6,545
Popular (BPOP) 5,130 4.1 1% 50,617 44,897 0 0 586 1,155 4,731
First Citizens Bancshares (FCNCA) 4,982 0% 9.5 1% 37,655 34,080 87 0 438 498 4,716
CIT Group (CIT) 4,942 6.3 1% 50,558 44,642 0 0 480 1,525 9,596
Bank of The Ozarks (OZK) 4,754 6.5 2% 19,152 16,276 0 0 308 585 3,825
First Horizon National (FHN) 4,674 0% 4.0 1% 42,172 37,246 1,935 0 590 1,166 4,674
Prosperity Bancshares (PB) 4,580 8.0 1% 22,375 18,247 0 0 331 535 4,278
PacWest Bancorp (PACW) 4,529 0% 7.1 2% 26,344 21,492 1,040 0 472 822 5,834
Western Alliance (WAL) 4,495 4.6 2% 25,315 22,464 0 0 484 740 3,428
Pinnacle Financial Partners (PNFP) 4,360 6.0 1% 26,540 22,364 0 0 383 731 4,360
Sterling Bancorp (STL) 4,324 0% 9.6 1% 30,238 25,778 26 0 432 842 8,115
Webster Financial (WBS) 4,190 0% 6.8 1% 28,942 25,877 208 0 397 666 4,511
First Financial (FFIN) 4,187 19.5 2% 7,979 6,815 0 0 159 215 4,187
Wintrust Financial (WTFC) 4,141 0% 5.2 1% 33,642 30,195 1,055 0 342 736 3,840
Iberiabank (IBKC) 4,023 5.7 1% 31,447 27,209 0 0 433 805 4,609
FNB (FNB) 3,765 6.0 1% 33,903 29,150 0 0 390 765 4,604
United Bankshares (UBSI) 3,716 10.6 1% 19,883 16,549 0 0 259 498 5,264
First Hawaiian (FHB) 3,461 0% 6.9 1% 20,526 17,867 752 0 270 462 3,177

Balance Sheet ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash2,5548701,1858801,4532103821,796
Accounts Receivable
Inventory
PP&E197191174160
Assets15,973-36,10212,40411,7318,3866,8103,49849,27948,537
Accounts Payable
Long-Term Debt19,32215,87811,82312,53211,93210,6784,3368,9748,119
Liabilities10,765-2,6059,2418,4225,3324,0851,97541,95942,591
Stockholders' Equity8,916-33,4988,3358,8399,06910,97810,003
Income Statement ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue-2,9121,0582,3323,6253,8853,0943,2073,273
Cost of Revenue
Gross Profit
R&D
SG&A966878918985942311,2221,1111,046
Tax941868770-1061-68165
Net Income52132-6824979241,056425468447
Cash Flow ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating302842409188875-150520982
Cash Investing-5,6594,142-1,3252505159237,75544
Cash Financing5,659-6,6291,189-580-1,812-614-13,072-942