Company: CFG-PE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000759944-25-000070
Chunk: 110

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 2
Chunk 110
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 69,427 921 1.33 Total loans and leases$137,635 $2,014 1.46 %$139,203 $2,061 1.48 %Allowance for Unfunded Lending CommitmentsCommercial(1)$164 1.86 %$155 1.86 %Retail(2)34 1.34 43 1.39      Total allowance for unfunded lending commitments198 198 Allowance for credit losses$137,635 $2,212 1.61 %$139,203 $2,259 1.62 %

(1) Coverage ratio includes total commercial allowance for unfunded lending commitments and total commercial allowance for loan and lease losses in the numerator and total commercial loans and leases in the denominator.

(2) Coverage ratio includes total retail allowance for unfunded lending commitments and total retail allowance for loan losses in the numerator and total retail loans in the denominator.

The ACL as of March 31, 2025 compared to December 31, 2024 decreased $47 million, driven by a $64 million decrease in retail, given the benefit of Non-Core runoff and improving loan mix, partially offset by a $17 million increase in commercial.

Citizens Financial Group, Inc. | 13

Table 7: Nonaccrual Loans and Leases(dollars in millions)March 31, 2025December 31, 2024Change PercentCommercial and industrial$283 $241 $42 17 %Commercial real estate700 776 (76)(10)Total commercial983 1,017 (34)(3)Residential mortgages198 192 6 3 Home equity282 283 (1)— Automobile39 48 (9)(19)Education20 56 (36)(64)Other retail60 68 (8)(12)Total retail599 647 (48)(7)Nonaccrual loans and leases$1,582 $1,664 ($82)(5 %)Nonaccrual loans and leases to total loans and leases1.15 %1.20 %(5  bps)Allowance for loan and lease losses to nonaccrual loans and leases127 124 3 %Allowance for credit losses to nonaccrual loans and leases140 136 4 %

The decline in non