Company: CFG-PE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000759944-25-000153
Chunk: 201

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 2
Chunk 201
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.1 billion decrease driven by an agreement entered into during the first quarter to sell $1.9 billion of Non-Core education loans. The decrease in retail is also attributable to runoff of the Non-Core portfolio, partially offset by growth in home equity and mortgage, including the Private Bank.

Credit Quality

The ACL is maintained at a level the Company believes to be appropriate to absorb expected lifetime credit losses over the contractual life of a loan or lease and on unfunded lending commitments, inclusive of recoveries. For additional information regarding the ACL, see “Critical Accounting Estimates — Allowance for Credit Losses” and Note 4 in this report, and “Credit Quality” and Note 6 in our 2024 Form 10-K.

The following table presents the ACL and associated coverage ratio for our loan and lease portfolios:

Table 6: ACL and Related Coverage Ratios by PortfolioSeptember 30, 2025December 31, 2024(dollars in millions)Loans and LeasesAllowanceCoverage RatioLoans and LeasesAllowanceCoverage RatioAllowance for Loan and Lease LossesCommercial and industrial$46,953 $486 1.04 %$42,551 $480 1.13 %Commercial real estate25,540 597 2.34 27,225 660 2.42 Total commercial72,493 1,083 1.49 69,776 1,140 1.63 Residential mortgages34,477 211 0.61 32,726 194 0.59 Home equity18,415 121 0.66 16,495 112 0.68 Automobile2,816 13 0.45 4,744 24 0.51 Education8,556 268 3.13 10,812 292 2.70 Other retail4,113 276 6.72 4,650 299 6.44 Total retail68,377 889 1.30 69,427 921 1.33 Total loans and leases$140,870 $1,972 1.40 %$139,203 $2,061 1.48 %Allowance for Unfunded Lending CommitmentsCommercial(1)$182 1.74 %$155 1.86 %Retail(2)47 1.37 43 1.39