Company: CFG-PE
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000759944-25-000013
Chunk: 1026

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 1026
---
 risk, which may result in increased scrutiny on loans that are perceived to be of higher risk, had adverse changes in risk ratings and/or areas that concern management. These reviews are designed to assess risk and facilitate actions to mitigate such risks.Credit risk associated with leases is managed similar to commercial and industrial loans by evaluating PD and LGD. Reviews are generally performed annually based upon the dollar amount of the lease and the level of credit risk, and may be more frequent if circumstances warrant. The review process includes analysis of the following factors: equipment value/residual value, exposure levels, jurisdiction risk, industry risk, guarantor requirements, and regulatory compliance as applicable.Commercial loans with renewal terms in the original contract are recognized as current year originations upon renewal unless the loan automatically renewed without a new credit decision. The Company generally reserves the right to not renew the loan or lease until current underwriting is completed and approved.The following table presents the amortized cost basis of commercial loans and leases by vintage date and internal risk rating as of December 31, 2024:Term Loans and Leases by Origination YearRevolving Loans(dollars in millions)20242023202220212020Prior to 2020Within the Revolving PeriodConverted to TermTotalCommercial and industrialPass$5,945 $2,525 $4,194 $2,923 $895 $2,066 $21,323 $66 $39,937 Special Mention2 79 98 236 48 48 211 — 722 Substandard Accrual9 64 207 269 139 253 697 13 1,651 Nonaccrual— 11 68 62 5 55 34 6 241 Total commercial and industrial5,956 2,679 4,567 3,490 1,087 2,422 22,265 85 42,551 Commercial real estatePass2,720 1,305 5,748 5,412 1,919 4,199 1,434 4 22,741 Special Mention1 — 911 362 175 257 80 6 1,792 Substandard Accrual3 22 359 253 275 875 9 120 1,916 Nonaccrual— 67 89 58 90 470 2 — 776 Total commercial real