Company: CFG-PE
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000759944-25-000013
Chunk: 262

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-13
Form: 10-K
Item: Item 6
Chunk 262
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 sciences(1)2,135 2 2,268 2 Other general office2,930 2 3,648 3 Retail2,940 2 3,407 2 Industrial3,575 3 3,981 3 Co-op1,802 1 1,796 1 Data center1,024 1 841 1 Hospitality418 — 608 — Other2,610 2 3,555 2 Total commercial real estate$27,225 20 %$29,471 20 %StateNew York$6,643 5 %$7,035 5 %New Jersey3,370 2 3,829 3 Pennsylvania2,594 2 2,613 2 California2,398 2 2,314 1 Texas1,571 1 2,163 1 Massachusetts1,682 1 1,897 1 Florida1,123 1 1,087 1 Other Southeast(2)2,789 2 3,056 2 Other5,055 4 5,477 4 Total commercial real estate$27,225 20 %$29,471 20 %

(1) Credit tenant lease includes loans to nationally recognized tenants with high credit ratings and life sciences includes loans to provide lab and office space for tenants involved in the study and development of scientific discoveries.

(2) Includes Georgia, Maryland, North Carolina, South Carolina and Virginia.

Citizens Financial Group, Inc. | 54

Retail Loan Asset Quality 

We utilize credit scores provided by FICO, which are generally refreshed on a quarterly basis, and payment and delinquency status, among other data points, to monitor credit quality for retail loans. FICO credit scores represent current and historical national industry-wide consumer level credit performance data, which management believes are the strongest indicator of potential credit losses over the contractual life of the loan and a good predictor of a borrower’s future payment performance. 

Table 17: Retail Loan Portfolio AnalysisDecember 31, 2024December 31, 2023Days Past Due and AccruingDays Past Due and AccruingCurrent30-5960-89 90+NonaccrualCurrent30-5960-89 90+NonaccrualResidential mortgages97.81 %0.77 %0