Company: CFG-PE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000759944-25-000070
Chunk: 250

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 250
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 fees and other income in the Consolidated Statements of Operations.The following table presents quantitative information about significant unobservable inputs utilized to measure the fair value of Level 3 assets and liabilities.As of March 31, 2025As of December 31, 2024Financial Instrument(1)Valuation TechniqueUnobservable InputRange (Weighted Average)Range (Weighted Average)Mortgage servicing rightsDiscounted Cash FlowConstant prepayment rate5.65-16.12% CPR (7.10% CPR)5.08-16.32% CPR (6.70% CPR)Option adjusted spread398-1,058 bps (628 bps)398-1,058 bps (632 bps)Other derivative contractsInternal ModelPull through rate6.67-99.93% (82.98%)5.09-99.90% (83.06%)MSR value31.71-163.78 bps (117.97 bps)23.91-171.64 bps (121.23 bps)(1) Disclosures related to the fair value measurement of financial instruments deemed immaterial are not included. Nonrecurring Fair Value MeasurementsFair value is also used on a nonrecurring basis to evaluate certain assets for impairment or for disclosure purposes. For more information on the valuation techniques utilized to measure fair value on a nonrecurring basis, see Note 20 in the Company’s 2024 Form 10-K.The following table presents losses on assets measured at fair value on a nonrecurring basis and recorded in earnings:Three Months Ended March 31,(dollars in millions)20252024Collateral-dependent loans ($59)($56)The following table presents assets measured at fair value on a nonrecurring basis:March 31, 2025December 31, 2024(dollars in millions)TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3Collateral-dependent loans $910 $— $910 $— $979 $— $979 $— 

Citizens Financial Group, Inc. | 66

Fair Value of Financial InstrumentsThe following tables present the estimated fair value for financial instruments not recorded at fair value in the Consolidated Financial Statements. The carrying amounts are recorded in the Consolidated Balance Sheets under the indicated captions:March 31, 2025TotalLevel 1Level 2Level 3(dollars in millions)Carrying Value