Company: CFG-PE
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000759944-25-000013
Chunk: 782

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-13
Form: 10-K
Item: Item 5
Chunk 782
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 As of December 31, 2024, the portfolio’s average effective duration, including recent hedging actions to reduce duration, was 3.7 years compared to 3.9 years as of December 31, 2023.

Citizens Financial Group, Inc. | 47

Table 8: Amortized Cost of AFS and HTM Securities by Contractual MaturityAs of December 31, 2024Distribution of Maturities(1)1 Year or LessAfter 1 Year Through 5 YearsAfter 5 Years Through 10 YearsAfter 10 YearsTotal(dollars in millions)AmountYield(2)AmountYield(2)AmountYield(2)AmountYield(2)AmountYield(2)Amortized cost:U.S. Treasury and other$— — %$3,115 2.71 %$516 4.11 %$— — %$3,631 2.97 %State and political subdivisions— — — — — — 1 2.60 1 2.60 Mortgage-backed securities:Federal agencies and U.S. government sponsored entities— — 2,221 3.20 1,151 2.81 27,525 4.17 30,897 4.05 Other/non-agency— — — — — — 273 2.65 273 2.65 Collateralized loan obligations— — — — 100 6.29 84 6.14 184 6.23 Total debt securities available for sale— — 5,336 2.92 1,767 3.45 27,883 4.16 34,986 3.94 Mortgage-backed securities:Federal agencies and U.S. government sponsored entities— — — — — — 8,187 2.30 8,187 2.30 Asset-backed securities— — 412 3.81 — — — — 412 3.81 Total debt securities held to maturity— — 412 3.81 — — 8,187 2.30 8,599 2.37 Total debt securities$— — %$5,748 2.98