Company: CFG-PE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000759944-25-000153
Chunk: 114

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 114
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.70% CPR)Option adjusted spread398-1,058 bps (608 bps)398-1,058 bps (632 bps)Other derivative contractsInternal ModelPull through rate8.15-99.89% (83.07%)5.09-99.90% (83.06%)MSR value42.30-171.00 bps (124.76 bps)23.91-171.64 bps (121.23 bps)(1) Disclosures related to the fair value measurement of financial instruments deemed immaterial are not included. Nonrecurring Fair Value MeasurementsFair value is also used on a nonrecurring basis to evaluate certain assets for impairment or for disclosure purposes. The following table presents losses on assets measured at fair value on a nonrecurring basis and recorded in earnings:Three Months Ended September 30,Nine Months Ended September 30,(dollars in millions)2025202420252024Collateral-dependent loans ($39)($36)($124)($156)The following table presents assets measured at fair value on a nonrecurring basis:September 30, 2025December 31, 2024(dollars in millions)TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3Collateral-dependent loans $677 $— $677 $— $979 $— $979 $— 

Citizens Financial Group, Inc. | 75

Fair Value of Financial InstrumentsThe following tables present the estimated fair value for financial instruments not recorded at fair value in the Consolidated Financial Statements. The carrying amounts are recorded in the Consolidated Balance Sheets under the indicated captions.September 30, 2025TotalLevel 1Level 2Level 3(dollars in millions)Carrying ValueEstimated Fair ValueCarrying ValueEstimated Fair ValueCarrying ValueEstimated Fair ValueCarrying ValueEstimated Fair ValueFinancial assets(1):Debt securities held to maturity$8,124 $7,295 $— $— $7,767 $6,938 $357 $357 Loans held for sale566 566 — — — — 566 566 Net loans and leases138,898 138,627 — — 677 677 138,221 137,950 Other assets710 710 — — 689 689 21 21 Financial liabilities