Company: CFG-PE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000759944-25-000153
Chunk: 208

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 2
Chunk 208
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)82,202 76,764 Less: Uninsured affiliate deposits eliminated in consolidation11,288 12,705 Less: Preferred deposits(1)(2)6,445 6,902 CFG adjusted estimated uninsured deposits, excluding preferred deposits64,469 57,157 Total estimated insured/secured deposits$115,542 $117,619 Insured/secured deposits to total deposits64%67%

(1) As reported on CBNA’s Call Report.

(2) Represents uninsured deposits of states and political subdivisions that are secured or collateralized as required under state law.

Borrowed Funds

Total borrowed funds of $10.7 billion as of September 30, 2025 decreased $1.7 billion compared to December 31, 2024, driven by a decline in secured borrowings collateralized by loans and senior debt. For more information regarding our borrowed funds, see “Liquidity Risk” and Note 7.

Citizens Financial Group, Inc. | 19

BUSINESS SEGMENTS 

We have three reportable business segments: Consumer Banking, Commercial Banking, and Non-Core. The business segments are determined based on the products and services provided, or the type of customer served. Each business segment has a segment head that reports directly to the Chief Executive Officer, who has final authority over resource allocation decisions and performance assessment. The business segments reflect this management structure and the manner in which financial information is currently evaluated by the Chief Executive Officer. See Note 16 for more information regarding our business segments.

The following tables present certain financial data of our reportable business segments. Total business segment financial results differ from total consolidated financial results. These differences are reflected in Other non-segment operations, consisting primarily of treasury and community development, and include assets, liabilities, capital, revenues, provision (benefit) for credit losses, expenses, and income tax expense (benefit) not attributed to the Company’s reportable business segments.

Table 15: Selected Financial Data for Business SegmentsThree Months Ended September 30,Consumer BankingCommercial BankingNon-Core(dollars in millions)202520242025202420252024Net interest income$1,262 $1,156 $448 $478 ($7)($28)Noninterest income311 285 286 207 4 — Total revenue1,573 1,441 734 685 (3)(28)Noninterest expense979 916 333 300 12 23