Company: CFG-PE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000759944-25-000070
Chunk: 211

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 211
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(11)261 273 — (13)260 Total mortgage-backed securities31,716 81 (1,783)30,014 31,170 33 (2,148)29,055 Collateralized loan obligations124 — — 124 184 — — 184 Total debt securities available for sale, at fair value$35,986 $96 ($1,874)$34,208 $34,986 $36 ($2,257)$32,765 Mortgage-backed securities:Federal agencies and U.S. government sponsored entities$8,077 $— ($948)$7,129 $8,187 $— ($1,051)$7,136 Total mortgage-backed securities8,077 — (948)7,129 8,187 — (1,051)7,136 Asset-backed securities392 — (6)386 412 1 (9)404 Total debt securities held to maturity$8,469 $— ($954)$7,515 $8,599 $1 ($1,060)$7,540 Equity securities, at cost(2)$711 $— $— $711 $710 $— $— $710 Equity securities, at fair value(2)236 — — 236 220 — — 220 (1) Excludes portfolio level basis adjustments of $(2) million and $(75) million, respectively, for securities designated in active fair value hedge relationships under the portfolio layer method at March 31, 2025 and December 31, 2024.(2) Included in other assets in the Consolidated Balance Sheets.

Citizens Financial Group, Inc. | 39

Accrued interest receivable on debt securities totaled $129 million and $125 million as of March 31, 2025 and December 31, 2024, respectively, and is included in other assets in the Consolidated Balance Sheets. The following table presents the amortized cost and fair value of debt securities by contractual maturity as of March 31, 2025. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without incurring penalties.Distribution of Maturities(dollars in millions)1 Year                or LessAfter