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CIT Financial Solutions for Small and Middle Market Businesses
1. Global Headquarters
505 Fifth Avenue
New York, NY 10017
212-771-0505
www.cit.com
Financial Solutions for Small
and Middle Market Businesses
Overview
CIT (NYSE: CIT) is a bank holding company with more than $60 billion in
finance and leasing assets that provides financial products and advisory
services to small and middle market businesses. Operating in more than 50
countries across 30 industries, CIT provides an unparalleled combination of
relationship, intellectual and financial capital to its customers worldwide. CIT
maintains leadership positions in small business and middle market lending,
retail finance, aerospace, equipment and rail leasing, and vendor finance.
Founded in 1908 and headquartered in New York, CIT is a member of the S&P
500 and Fortune 500.
CIT International
Financial Performance
CIT has offices in more than 50 locations throughout North America,
2004 2005 2006 2007 2008
1 1 2 2 2
Europe, Latin America and Asia Pacific.
Net Income (loss) $754m $936m $895m $762m ($698m)
Diluted EPS $3.50 $4.44 $4.41 $3.93 ($2.69)
Cash Dividends Per Share $0.52 $0.61 $0.80 $1.00 $0.55
Return on Equity 13.2% 15.1% 13.6% 12.9% (12.1%)
Includes results from Home Lending, which was discontinued in June, 2008.
1
Reflects results from continuing operations, after preferred dividends.
2
Revenue
$7.8
8.0
7.0
$6.2 $6.1
$5.8
6.0
($ in billions)
$4.7
5.0
4.0
Debt Ratings
3.0
Commercial Senior
2.0
Paper Unsecured Debt
1.0
DBRS R-2 (high) A (low)
0.0
Fitch Ratings F-2 BBB
20041 20051 20062 20072 20082
Moody’s Investors P-2 Baa2
Other Income3 A-2 BBB+
Standard & Poor’s
Finance Income Rental Income
The credit ratings stated above are not a recommendation to buy, sell or hold securities and
Includes results from Home Lending, which was discontinued in June, 2008.
1
may be subject to revision or withdrawal by the assigning rating organization. Each rating
Reflects results from continuing operations, after preferred dividends.
2
should be evaluated independently of any other rating.
Includes fees, commissions, asset gains and other income.
3
Contacts
Investor Relations: Media Relations:
Ken Brause C. Curtis Ritter
Executive Vice President Director of External Communications & Media Relations
212-771-9650 212-461-7711
Ken.Brause@cit.com Curt.Ritter@cit.com