Company: CFG-PE
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000759944-25-000013
Chunk: 486

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-13
Form: 10-K
Item: Item 1
Chunk 486
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 excluding the unamortized basis adjustments related to the transfer of certain HTM securities from AFS, and LHFS. The yield/rate is based on annualized interest income or expense for the periods presented and includes the impact of hedging activities associated with the respective asset and liability categories.

Table 2: Major Components of Net Interest IncomeYear Ended December 31,20242023Change(dollars in millions)AverageBalanceIncome/ExpenseYield/RateAverageBalanceIncome/ExpenseYield/RateAverageBalanceYield/Rate (bps)AssetsInterest-bearing cash and due from banks and deposits in banks$9,566 $503 5.17 %$8,531 $451 5.22 %$1,035 (5) bpsTaxable investment securities44,627 1,658 3.71 39,437 1,162 2.94 5,190 77Non-taxable investment securities1 — 2.60 2 — 2.68 (1)(8)Total investment securities44,628 1,658 3.71 39,439 1,162 2.94 5,189 77Commercial and industrial44,174 2,333 5.20 49,998 3,002 5.92 (5,824)(72)Commercial real estate28,430 1,795 6.21 29,206 1,804 6.09 (776)12Total commercial72,604 4,128 5.60 79,204 4,806 5.99 (6,600)(39)Residential mortgages31,916 1,184 3.71 30,660 1,052 3.43 1,256 28Home equity15,603 1,231 7.89 14,475 1,092 7.54 1,128 35Automobile6,404 274 4.27 10,374 429 4.13 (3,970)14Education11,340 613 5.41 12,333 621 5.04 (993)37Other retail 4,837 518 10.72 5,171 489 9.46 (334)126Total retail70,100 3,820 5.45 73,013 3,