Company: CFG-PE
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000759944-25-000013
Chunk: 258

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-13
Form: 10-K
Item: Item 6
Chunk 258
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 6.

Citizens Financial Group, Inc. | 50

Table 11: Allocation of the ALLLDecember 31,20242023(dollars in millions)Allowance% of Total Loans and Leases(1)Allowance% of Total Loans and Leases(1)Commercial and industrial$480 31 %$587 31 %Commercial real estate660 19 663 20 Total commercial1,140 50 1,250 51 Residential mortgages194 24 181 22 Home equity112 12 100 10 Automobile24 3 57 6 Education292 8 259 8 Other retail 299 3 251 3 Total retail921 50 848 49 Total loans and leases$2,061 100 %$2,098 100 %

(1)    Represents the percentage of each loan category to total loans and leases.

Table 12: ACL and Related Coverage Ratios by PortfolioDecember 31,20242023(dollars in millions)Loans and LeasesAllowanceCoverageLoans and LeasesAllowanceCoverageAllowance for Loan and Lease LossesCommercial and industrial$42,551 $480 1.13 %$44,974 $587 1.31 %Commercial real estate27,225 660 2.42 29,471 663 2.25 Total commercial69,776 1,140 1.63 74,445 1,250 1.68 Residential mortgages32,726 194 0.59 31,332 181 0.58 Home equity16,495 112 0.68 15,040 100 0.66 Automobile4,744 24 0.51 8,258 57 0.69 Education10,812 292 2.70 11,834 259 2.18 Other retail4,650 299 6.44 5,050 251 4.98 Total retail69,427 921 1.33 71,514 848 1.19 Total loans and leases$139,203 $2,061 1.48 %$145,959 $2,098 1.44 %Allowance for Unfunded Lending CommitmentsCommercial(1)$155 1.86