Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 163

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part II, Item 8
Chunk 163
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11 15 Total derivative assets1,572 — 1,557 15 Equity securities, at fair value(1)198 198 — — Short-term investments49 10 39 — Total assets$38,838 $4,609 $32,788 $1,441 Derivative liabilities:Interest rate contracts$563 $— $563 $— Foreign exchange contracts543 — 543 — Commodities contracts441 — 441 — TBA contracts19 — 19 — Other contracts— — — — Total derivative liabilities1,566 — 1,566 — Short-term borrowed funds249 242 7 — Other liabilities137 — 137 — Total liabilities$1,952 $242 $1,710 $— (1) Excludes investments of $59 million included in Other assets in the Consolidated Balance Sheets that are measured at fair value using the net asset value per share (or its equivalent) practical expedient. These investments include capital contributions to private investment funds and have unfunded capital commitments of $21 million at June 30, 2025, which may be called at any time during prescribed time periods. The credit exposure is generally limited to the carrying amount of investments made and unfunded capital commitments.

Citizens Financial Group, Inc. | 71

The following table presents assets and liabilities measured at fair value, including gross derivative assets and liabilities, on a recurring basis at December 31, 2024:(dollars in millions)TotalLevel 1Level 2Level 3Debt securities available for sale:Mortgage-backed securities$29,055 $— $29,055 $— Collateralized loan obligations184 — 184 — State and political subdivisions1 — 1 — U.S. Treasury and other3,525 3,525 — — Total debt securities available for sale32,765 3,525 29,240 — Loans held for sale:Residential loans held for sale633 — 633 — Commercial loans held for sale192 — 192 — Total loans held for sale, at fair value825 — 825 — Mortgage servicing rights1,491 — — 1,491 Derivative assets:Interest rate contracts562