Company: CFG-PE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000759944-25-000153
Chunk: 0

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

PageConsolidated Balance Sheets38Consolidated Statements of Operations39Consolidated Statements of Comprehensive Income40Consolidated Statements of Changes in Stockholders’ Equity41Consolidated Statements of Cash Flows43Notes to Consolidated Financial Statements44Note 1 - Significant Accounting Policies44Note 2 - Securities44Note 3 - Loans and Leases47Note 4 - Credit Quality and the Allowance for Credit Losses47Note 5 - Mortgage Banking and Other Serviced Loans59Note 6 - Variable Interest Entities61Note 7 - Borrowed Funds63Note 8 - Derivatives64Note 9 - Accumulated Other Comprehensive Income (Loss)68Note 10 - Stockholders’ Equity69Note 11 - Commitments and Contingencies71Note 12 - Fair Value Measurements72Note 13 - Noninterest Income76Note 14 - Other Operating Expense77Note 15 - Earnings Per Share78Note 16 - Business Segments78

Citizens Financial Group, Inc. | 37

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(dollars in millions, except par value)September 30, 2025December 31, 2024ASSETS:Cash and due from banks$1,254 $1,409 Interest-bearing cash and due from banks10,396 9,192 Interest-bearing deposits in banks(1)694 635 Debt securities available for sale, at fair value (including $115 and $152 pledged to creditors, respectively)(2)35,419 32,765 Debt securities held to maturity (fair value of $7,295 and $7,540, respectively, and including $68 and $83 pledged to creditors, respectively)(2)8,124 8,599 Loans held for sale (includes $768 and $825, respectively, measured at fair value)1,334 858 Loans and leases140,870 139,203 Less: Allowance for loan and lease losses(1,972)(2,061)Net loans and leases(1)138,898 137,142 Derivative assets721 408 Premises and equipment, net857 875 Bank-owned life insurance3,422 3,364 Goodwill8,187 8,187 Other intangible assets(3)123 146 Other assets(1)13,318