Company: CFG-PE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000759944-25-000070
Chunk: 115

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 2
Chunk 115
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itsNoninterest-bearing demand$37,556 21 %$36,920 21 %Money market55,996 32 55,321 32 Checking with interest34,456 19 33,246 19 Savings25,765 15 25,976 15 Time23,803 13 23,313 13 Total deposits$177,576 100 %$174,776 100 %

Total deposits as of March 31, 2025 increased compared to December 31, 2024, reflecting growth in the Private Bank and an increase in consumer deposits, partially offset by a decline in commercial given seasonality.

Table 14: Uninsured and Insured/Secured Deposits(dollars in millions)March 31, 2025December 31, 2024Total deposits$177,576 $174,776 Estimated uninsured deposits(1)77,784 76,764 Less: Uninsured affiliate deposits eliminated in consolidation12,849 12,705 Less: Preferred deposits(1)(2)6,646 6,902 CFG adjusted estimated uninsured deposits, excluding preferred deposits58,289 57,157 Total estimated insured/secured deposits$119,287 $117,619 Insured/secured deposits to total deposits67 %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 $12.3 billion as of March 31, 2025 decreased $87 million compared to December 31, 2024, driven by a decline in secured borrowings collateralized by loans, largely offset by an increase in senior debt. For more information regarding our borrowed funds, see “Liquidity Risk” and Note 7.

Citizens Financial Group, Inc. | 17

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