Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 0

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

PageConsolidated Balance Sheets37Consolidated Statements of Operations38Consolidated Statements of Comprehensive Income39Consolidated Statements of Changes in Stockholders’ Equity40Consolidated Statements of Cash Flows42Notes to Consolidated Financial Statements43Note 1 - Significant Accounting Policies43Note 2 - Securities43Note 3 - Loans and Leases46Note 4 - Credit Quality and the Allowance for Credit Losses46Note 5 - Mortgage Banking and Other Serviced Loans58Note 6 - Variable Interest Entities59Note 7 - Borrowed Funds62Note 8 - Derivatives63Note 9 - Accumulated Other Comprehensive Income (Loss)66Note 10 - Stockholders’ Equity67Note 11 - Commitments and Contingencies68Note 12 - Fair Value Measurements70Note 13 - Noninterest Income74Note 14 - Other Operating Expense75Note 15 - Earnings Per Share76Note 16 - Business Segments76

Citizens Financial Group, Inc. | 36

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(dollars in millions, except par value)June 30, 2025December 31, 2024ASSETS:Cash and due from banks$1,107 $1,409 Interest-bearing cash and due from banks7,441 9,192 Interest-bearing deposits in banks(1)680 635 Debt securities available for sale, at fair value (including $114 and $152 pledged to creditors, respectively)(2)34,658 32,765 Debt securities held to maturity (fair value of $7,379 and $7,540, respectively, and including $69 and $83 pledged to creditors, respectively)(2)8,293 8,599 Loans held for sale (includes $935 and $825, respectively, measured at fair value)2,093 858 Loans and leases139,304 139,203 Less: Allowance for loan and lease losses(2,008)(2,061)Net loans and leases(1)137,296 137,142 Derivative assets832 408 Premises and equipment, net855 875 Bank-owned life insurance3,408 3,364 Goodwill8,187 8,187 Other intangible assets(3)129 146 Other assets(1)13,331