Company: CFG-PE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000759944-25-000070
Chunk: 177

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 2
Chunk 177
---
 used to hedge residential MSRs22 (38)Mortgage banking feesTotal($3)$10 

Citizens Financial Group, Inc. | 59

NOTE 9 - ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table presents the changes in the balances, net of income taxes, of each component of AOCI:As of and for the Three Months Ended March 31,(dollars in millions)Net Unrealized Gains (Losses) on Cash Flow HedgesNet Unrealized Gains (Losses) on Investment SecuritiesDefined Benefit PlansTotal AOCIBalance at January 1, 2024($1,087)($2,338)($333)($3,758)Other comprehensive income (loss) before reclassifications(405)(173)4 (574)Amounts reclassified to the Consolidated Statements of Operations149 14 5 168 Net other comprehensive income (loss)(256)(159)9 (406)Balance at March 31, 2024($1,343)($2,497)($324)($4,164)Balance at January 1, 2025($925)($2,369)($301)($3,595)Other comprehensive income (loss) before reclassifications208 282 — 490 Amounts reclassified to the Consolidated Statements of Operations148 13 3 164 Net other comprehensive income (loss)356 295 3 654 Balance at March 31, 2025($569)($2,074)($298)($2,941)Primary location in the Consolidated Statements of Operations of amounts reclassified from AOCINet interest incomeSecurities gains, net and Net interest incomeOther operating expense

NOTE 10 - STOCKHOLDERS’ EQUITY Preferred StockThe following table summarizes the Company’s preferred stock: March 31, 2025December 31, 2024(dollars in millions, except per share data)Liquidation value per sharePreferred SharesCarrying AmountPreferred SharesCarrying AmountAuthorized ($25 par value per share)100,000,000 100,000,000 Issued and outstanding:Series B$1,000 300,000 $296 300,000 $296 Series C1,000 300,000 297 300,000 297 Series E1,000 (1)450,000 (2