Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 250

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 250
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 hardship or who are delinquent, resulting in principal forgiveness. Upon fulfillment of the terms of the settlement agreement, the unpaid principal amount is forgiven resulting in a charge-off of the outstanding principal balance.•Certain reorganization bankruptcy judgments may result in any one of the four modification types or some combination thereof.The following tables present the period-end amortized cost of loans to borrowers experiencing financial difficulty that were modified during the three and six months ended June 30, 2025 and 2024, disaggregated by class of financing receivable and modification type. The modification type reflects the cumulative effect of all FDMs received during the indicated period.Three Months Ended June 30, 2025(dollars in millions)Interest Rate ReductionTerm ExtensionPayment DelayInterest Rate Reduction and Term ExtensionTerm Extension and Payment DelayInterest Rate Reduction, Term Extension and Payment DelayTotalTotal as a % of Loan Class(1)Commercial and industrial$— $136 $— $3 $1 $4 $144 0.32 %Commercial real estate— 283 49 29 43 — 404 1.54 Total commercial— 419 49 32 44 4 548 0.76 Residential mortgages1 13 5 1 2 1 23 0.07 Home equity2 — 4 2 — — 8 0.05 Education3 — — — — — 3 0.04 Other retail5 — — — — — 5 0.12 Total retail11 13 9 3 2 1 39 0.06 Total$11 $432 $58 $35 $46 $5 $587 0.42 %Three Months Ended June 30, 2024(dollars in millions)Interest Rate ReductionTerm ExtensionPayment DelayPrincipal ForgivenessInterest Rate Reduction and Term ExtensionTerm Extension and Payment DelayTotalTotal as a % of Loan Class(1)Commercial and industrial$— $184 $14 $— $— $— $198 0.45 %Commercial real estate— 307 87 — 24 49 467 1.65 Total commercial— 491 101 — 24 49 665 0.92 Residential mortgages2 15 5 — 2 —