Company: CFG-PE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000759944-25-000153
Chunk: 32

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 32
---
 2025(dollars in millions)Interest Rate ReductionTerm ExtensionPayment DelayInterest Rate Reduction and Term ExtensionTerm Extension and Payment DelayTotalCommercial and industrial$— $48 $— $— $— $48 Commercial real estate— 72 2 — — 74 Total commercial— 120 2 — — 122 Residential mortgages1 20 5 6 1 33 Home equity1 — 1 1 — 3 Education1 — — — — 1 Other retail1 — — — — 1 Total retail4 20 6 7 1 38 Total$4 $140 $8 $7 $1 $160 Nine Months Ended September 30, 2024(dollars in millions)Interest Rate ReductionTerm ExtensionPayment DelayInterest Rate Reduction and Term ExtensionTerm Extension and Payment DelayTotalCommercial and industrial$1 $3 $— $— $15 $19 Commercial real estate— 141 21 — — 162 Total commercial1 144 21 — 15 181 Residential mortgages— 22 1 1 1 25 Home equity— — — 1 — 1 Education4 — 12 — — 16 Other retail1 — — — — 1 Total retail5 22 13 2 1 43 Total$6 $166 $34 $2 $16 $224 Unfunded commitments related to loans modified during the nine months ended September 30, 2025 were $342 million at September 30, 2025. Unfunded commitments related to loans modified during the year ended December 31, 2024 were $206 million at December 31, 2024.

NOTE 5 - MORTGAGE BANKING AND OTHER SERVICED LOANS Mortgage BankingThe Company sells residential mortgages in the secondary market and does not retain a beneficial interest in these sales but may retain the servicing rights for the loans sold. The Company may exercise its option to repurchase eligible government guaranteed residential mortgages or may be obligated to subsequently repurchase a loan if the purchaser discovers a representation or warranty violation, such as noncompliance with eligibility or servicing requirements or customer fraud that should have been identified in a loan file review