Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 164

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part II, Item 8
Chunk 164
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 — 562 — Foreign exchange contracts472 — 472 — Commodities contracts429 — 429 — TBA contracts10 — 10 — Other contracts3 — — 3 Total derivative assets1,476 — 1,473 3 Equity securities, at fair value(1)162 162 — — Short-term investments53 40 13 — Total assets$36,772 $3,727 $31,551 $1,494 Derivative liabilities:Interest rate contracts$910 $— $910 $— Foreign exchange contracts411 — 411 — Commodities contracts379 — 379 — TBA contracts8 — 8 — Other contracts2 — — 2 Total derivative liabilities1,710 — 1,708 2 Short-term borrowed funds— — — — Other liabilities101 — 101 — Total liabilities$1,811 $— $1,809 $2 (1) Excludes investments of $58 million included in Other assets in the Consolidated Balance Sheets that are measured at fair value using the net asset value per share (or its equivalent) practical expedient. These investments include capital contributions to private investment funds and have unfunded capital commitments of $24 million at December 31, 2024, which may be called at any time during prescribed time periods. The credit exposure is generally limited to the carrying amount of investments made and unfunded capital commitments.

Citizens Financial Group, Inc. | 72

The following tables present a roll forward of assets and liabilities measured at fair value on a recurring basis and classified as Level 3: Three Months Ended June 30, 2025Six Months Ended June 30, 2025(dollars in millions)Mortgage Servicing RightsOther Derivative ContractsMortgage Servicing RightsOther Derivative ContractsBeginning balance$1,397 $5 $1,491 $1 Issuances48 18 75 34 Sales(1)— — (72)— Settlements(2)(40)(11)(79)(27)Changes in fair value recognized in earnings(3)21 3 11 7 Ending balance$1,426 $15 $1,426 $15 Three Months Ended