Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 13

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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izens Financial Group, Inc. | 45

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)June 30, 2025December 31, 2024Commercial and industrial$45,412 $42,551 Commercial real estate26,230 27,225 Total commercial71,642 69,776 Residential mortgages33,823 32,726 Home equity17,711 16,495 Automobile3,407 4,744 Education8,550 10,812 Other retail4,171 4,650 Total retail67,662 69,427 Total loans and leases$139,304 $139,203 Accrued interest receivable on loans and leases held for investment totaled $835 million and $816 million as of June 30, 2025 and December 31, 2024, respectively, and is included in Other assets in the Consolidated Balance Sheets.Loans pledged as collateral for FHLB borrowing capacity, primarily residential mortgages and home equity products, totaled $39.0 billion and $37.5 billion at June 30, 2025 and December 31, 2024, respectively. Loans pledged as collateral to support the contingent ability to borrow at the FRB discount window, if necessary, were primarily comprised of education, commercial and industrial, and commercial real estate loans, and totaled $21.4 billion and $22.9 billion at June 30, 2025 and December 31, 2024, respectively.Interest income on direct financing and sales-type leases for the three months ended June 30, 2025 and 2024 was $11 million and $9 million, respectively, and is reported within interest and fees on loans and leases in the Consolidated Statements of Operations. For the six months ended June 30, 2025 and 2024, this interest income was $22 million and $20 million, respectively.The following table presents the composition of LHFS:June 30, 2025December 31, 2024(dollars in millions)Residential Mortgages(1)Other retail(2)Commercial(3)TotalResidential Mortgages(