Company: CFG-PE
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000759944-25-000013
Chunk: 428

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 428
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 that were modified during the years ended December 31, 2024 and 2023, disaggregated by class of financing receivable and modification type. The modification type reflects the cumulative effect of all FDMs received during the indicated period.Year Ended December 31, 2024(dollars in millions)Interest Rate ReductionTerm ExtensionPayment DelayPrincipal ForgivenessInterest Rate Reduction and Term ExtensionTerm Extension and Payment DelayInterest Rate Reduction, Term Extension and Payment DelayTotalTotal as a % of Loan Class(1)Commercial and industrial$— $235 $99 $— $1 $21 $1 $357 0.84 %Commercial real estate— 650 113 — 130 134 — 1,027 3.77 Total commercial— 885 212 — 131 155 1 1,384 1.98 Residential mortgages6 74 12 — 16 5 1 114 0.35 Home equity6 3 1 — 13 — — 23 0.14 Automobile— — — — — — — — — Education11 3 34 — — 10 — 58 0.54 Other retail16 — — — — — — 16 0.34 Total retail39 80 47 — 29 15 1 211 0.30 Total$39 $965 $259 $— $160 $170 $2 $1,595 1.15 %Year Ended December 31, 2023(dollars in millions)Interest Rate ReductionTerm ExtensionPayment DelayPrincipal ForgivenessInterest Rate Reduction and Term ExtensionTerm Extension and Payment DelayTotalTotal as a % of Loan Class(1)Commercial and industrial$1 $252 $69 $— $1 $2 $325 0.74 %Commercial real estate— 522 — — 70 1 593 2.01 Total commercial1 774 69 — 71 3 918 1.23 Residential mortgages8 77 3 — 20 1 109 0.35 Home equity2 5 — — 8 — 15 0.10 Automobile— — —