Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 232

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 232
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 value measurements and the evaluation and measurement of goodwill impairment. Significant Accounting PoliciesFor further information regarding the Company’s significant accounting policies, see Note 1 in the Company’s 2024 Form 10-K.

NOTE 2 - SECURITIES The following table presents the major components of securities at amortized cost and fair value:June 30, 2025December 31, 2024(dollars in millions)Amortized Cost(1)Gross Unrealized GainsGross Unrealized LossesFair ValueAmortized Cost(1)Gross Unrealized GainsGross Unrealized LossesFair ValueU.S. Treasury and other$4,462 $20 ($81)$4,401 $3,631 $3 ($109)$3,525 State and political subdivisions1 — — 1 1 — — 1 Mortgage-backed securities:Federal agencies and U.S. government sponsored entities31,477 75 (1,683)29,869 30,897 33 (2,135)28,795 Other/non-agency271 — (8)263 273 — (13)260 Total mortgage-backed securities31,748 75 (1,691)30,132 31,170 33 (2,148)29,055 Collateralized loan obligations124 — — 124 184 — — 184 Total debt securities available for sale, at fair value$36,335 $95 ($1,772)$34,658 $34,986 $36 ($2,257)$32,765 Mortgage-backed securities:Federal agencies and U.S. government sponsored entities$7,919 $— ($911)$7,008 $8,187 $— ($1,051)$7,136 Total mortgage-backed securities7,919 — (911)7,008 8,187 — (1,051)7,136 Asset-backed securities374 — (3)371 412 1 (9)404 Total debt securities held to maturity$8,293 $— ($914)$7,379 $8,599 $1 ($1,060)$7,540 Equity securities, at cost(2)$772 $— $— $772 $710 $—