Company: CFG-PE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000759944-25-000070
Chunk: 214

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 214
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ized LossesFair ValueGross Unrealized LossesFair ValueGross Unrealized LossesU.S. Treasury and other$— $— $2,544 ($109)$2,544 ($109)Mortgage-backed securities:Federal agencies and U.S. government sponsored entities9,560 (265)14,304 (1,870)23,864 (2,135)Other/non-agency— — 260 (13)260 (13)Total mortgage-backed securities9,560 (265)14,564 (1,883)24,124 (2,148)Total$9,560 ($265)$17,108 ($1,992)$26,668 ($2,257)

The Company does not currently have the intent to sell these debt securities, and it is not more likely than not that the Company will be required to sell these debt securities prior to recovery of their amortized cost bases. The Company determined that credit losses are not expected to be incurred on the AFS debt securities identified with unrealized losses as of March 31, 2025. The unrealized losses on these debt securities reflect non-credit-related factors driven by changes in interest rates. Therefore, the Company determined that these debt securities are not impaired. 

Citizens Financial Group, Inc. | 41

NOTE 3 - LOANS AND LEASES Loans held for investment are reported at the amount of their outstanding principal, net of charge-offs, unearned income, deferred loan origination fees and costs, and unamortized premiums or discounts on purchased loans. The following table presents loans and leases, excluding LHFS:(dollars in millions)March 31, 2025December 31, 2024Commercial and industrial$43,781 $42,551 Commercial real estate26,727 27,225 Total commercial70,508 69,776 Residential mortgages33,114 32,726 Home equity16,853 16,495 Automobile4,044 4,744 Education8,779 10,812 Other retail4,337 4,650 Total retail67,127 69,427 Total loans and leases$137,635 $139,203 Accrued interest receivable on loans and leases held for investment totaled $817 million and $816 million as of March 31, 2025 and December 31, 2024