Company: CFG-PE
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000759944-25-000013
Chunk: 425

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 425
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 90 days or more, or earlier if management believes that the probability of collection is insufficient to warrant further accrual. Some of these loans may remain on accrual status when contractually past due 90 days or more if management considers the loan collectible.Residential mortgages are generally placed on nonaccrual status when past due 120 days, or sooner if determined to be collateral dependent, unless repayment of the loan is fully or partially guaranteed by the FHA, VA or USDA. Credit card balances are placed on nonaccrual status when past due 90 days or more and are restored to accrual status if they subsequently become less than 90 days past due. All other retail loans are generally placed on nonaccrual status when past due 90 days or more, or earlier if management believes that the probability of collection is insufficient to warrant further accrual. Loans less than 90 days past due may be placed on nonaccrual status due to the death of the borrower, fraud or bankruptcy.The following tables present an aging analysis of accruing and nonaccrual loans and leases as of December 31, 2024 and 2023:December 31, 2024Days Past Due and Accruing(dollars in millions)Current30-5960-89 90+Nonaccrual TotalNonaccrual with no related ACLCommercial and industrial$42,247 $35 $20 $8 $241 $42,551 $31 Commercial real estate26,212 204 27 6 776 27,225 32 Total commercial68,459 239 47 14 1,017 69,776 63 Residential mortgages32,011 251 93 179 192 32,726 142 Home equity16,097 88 27 — 283 16,495 182 Automobile4,563 100 33 — 48 4,744 6 Education10,686 45 23 2 56 10,812 4 Other retail4,504 46 31 1 68 4,650 1 Total retail67,861 530 207 182 647 69,427 335 Total$136,320 $769 $254 $196 $1,664 $139,203 $398 Guaranteed residential mortgages(1)$696 $119 $