Company: CFG-PE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000759944-25-000153
Chunk: 200

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 2
Chunk 200
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 mortgage-backed securities issued by GNMA and GSEs represented 98% of the fair value of our debt securities portfolio, with approximately $38.8 billion of unencumbered high-quality liquid securities serving as potential collateral for borrowings from the FHLB, FRB discount window, and the Fixed Income Clearing Corporation bilateral repurchase agreement market.

For further discussion of the use of our securities as liquidity collateral see the “Liquidity Risk” section in this report. For further discussion of liquidity requirements, see “Regulation and Supervision — Liquidity Requirements” in our 2024 Form 10-K.

We manage our securities portfolio duration and convexity risk through asset selection and securities structure, and maintain duration levels within our risk appetite in the context of our broader interest rate risk framework and limits. As of September 30, 2025, the portfolio’s average effective duration, including hedging actions to reduce duration, was 3.6 years compared with 3.7 years as of December 31, 2024.

Citizens Financial Group, Inc. | 14

Loans and Leases

The following table presents loans and leases, excluding LHFS:     

Table 5: Composition of Loans and Leases, Excluding LHFS(dollars in millions)September 30, 2025December 31, 2024Change PercentCommercial and industrial$46,953 $42,551 $4,402 10 %Commercial real estate25,540 27,225 (1,685)(6)Total commercial72,493 69,776 2,717 4 Residential mortgages34,477 32,726 1,751 5 Home equity18,415 16,495 1,920 12 Automobile2,816 4,744 (1,928)(41)Education8,556 10,812 (2,256)(21)Other retail4,113 4,650 (537)(12)Total retail68,377 69,427 (1,050)(2)Total loans and leases$140,870 $139,203 $1,667 1 %

The increase in total loans and leases as of September 30, 2025 compared to December 31, 2024 reflects a $2.7 billion increase in commercial driven by higher line of credit utilization, partially offset by CRE paydowns. Retail reflects a $1