Company: CFG-PE
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000759944-25-000013
Chunk: 100

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-13
Form: 10-K
Item: Item 4
Chunk 100
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 percentage of each loan category to total loans and leases.

Table 12: ACL and Related Coverage Ratios by PortfolioDecember 31,20242023(dollars in millions)Loans and LeasesAllowanceCoverageLoans and LeasesAllowanceCoverageAllowance for Loan and Lease LossesCommercial and industrial$42,551 $480 1.13 %$44,974 $587 1.31 %Commercial real estate27,225 660 2.42 29,471 663 2.25 Total commercial69,776 1,140 1.63 74,445 1,250 1.68 Residential mortgages32,726 194 0.59 31,332 181 0.58 Home equity16,495 112 0.68 15,040 100 0.66 Automobile4,744 24 0.51 8,258 57 0.69 Education10,812 292 2.70 11,834 259 2.18 Other retail4,650 299 6.44 5,050 251 4.98 Total retail69,427 921 1.33 71,514 848 1.19 Total loans and leases$139,203 $2,061 1.48 %$145,959 $2,098 1.44 %Allowance for Unfunded Lending CommitmentsCommercial(1)$155 1.86 %$175 1.91 %Retail(2)43 1.39 45 1.25      Total allowance for unfunded lending commitments198 220 Allowance for credit losses$139,203 $2,259 1.62 %$145,959 $2,318 1.59 %

(1)    Coverage ratio includes total commercial allowance for unfunded lending commitments and total commercial allowance for loan and lease losses in the numerator and total commercial loans and leases in the denominator.

(2) Coverage ratio includes total retail allowance for unfunded lending commitments and total retail allowance for loan losses in the numerator and total retail loans in the denominator.

The ACL as of December 31, 2024 compared to December 31, 2023 decreased $59 million, driven by a $130 million decline in commercial reflecting lower loan balances and charge-offs. Retail