Company: CFG-PE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000759944-25-000070
Chunk: 251

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 251
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Estimated Fair ValueCarrying ValueEstimated Fair ValueCarrying ValueEstimated Fair ValueCarrying ValueEstimated Fair ValueFinancial assets:Debt securities held to maturity$8,469 $7,515 $— $— $8,077 $7,129 $392 $386 Loans held for sale1,683 1,683 — — — — 1,683 1,683 Net loans and leases135,621 134,844 — — 910 910 134,711 133,934 Other assets711 711 — — 689 689 22 22 Financial liabilities:Deposits177,576 177,508 — — 177,576 177,508 — — Long-term borrowed funds12,267 12,222 — — 12,267 12,222 — — December 31, 2024TotalLevel 1Level 2Level 3(dollars in millions)Carrying ValueEstimated Fair ValueCarrying ValueEstimated Fair ValueCarrying ValueEstimated Fair ValueCarrying ValueEstimated Fair ValueFinancial assets:Debt securities held to maturity $8,599 $7,540 $— $— $8,187 $7,136 $412 $404 Loans held for sale33 33 — — — — 33 33 Net loans and leases137,142 136,293 — — 979 979 136,163 135,314 Other assets710 710 — — 689 689 21 21 Financial liabilities:Deposits174,776 174,651 — — 174,776 174,651 — — Long-term borrowed funds12,401 12,247 — — 12,401 12,247 — — 

NOTE 13 - NONINTEREST INCOME A portion of the Company’s noninterest income relates to certain fee-based revenue earned from contracts with customers based on the amount of consideration expected to be received upon the transfer of control of a good or service. For a description of the components of revenue from contracts with customers and how each component is recognized for the principal products and services of the Company’s business segments, see Note 21 in the Company’s 2024 Form 10-K.

Citizens Financial Group, Inc