Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 109

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 8
Chunk 109
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curring basis and recorded in earnings:Three Months Ended June 30,Six Months Ended June 30,(dollars in millions)2025202420252024Collateral-dependent loans ($26)($64)($85)($120)The following table presents assets measured at fair value on a nonrecurring basis:June 30, 2025December 31, 2024(dollars in millions)TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3Collateral-dependent loans $697 $— $697 $— $979 $— $979 $— 

Citizens Financial Group, Inc. | 73

Fair Value of Financial InstrumentsThe following tables present the estimated fair value for financial instruments not recorded at fair value in the Consolidated Financial Statements. The carrying amounts are recorded in the Consolidated Balance Sheets under the indicated captions.June 30, 2025TotalLevel 1Level 2Level 3(dollars in millions)Carrying ValueEstimated Fair ValueCarrying ValueEstimated Fair ValueCarrying ValueEstimated Fair ValueCarrying ValueEstimated Fair ValueFinancial assets:Debt securities held to maturity$8,293 $7,379 $— $— $7,919 $7,008 $374 $371 Loans held for sale1,158 1,158 — — — — 1,158 1,158 Net loans and leases137,296 136,748 — — 697 697 136,599 136,051 Other assets772 772 — — 751 751 21 21 Financial liabilities:Deposits175,086 175,006 — — 175,086 175,006 — — Long-term borrowed funds12,526 12,575 — — 12,526 12,575 — — December 31, 2024TotalLevel 1Level 2Level 3(dollars in millions)Carrying ValueEstimated Fair ValueCarrying ValueEstimated Fair ValueCarrying ValueEstimated Fair ValueCarrying ValueEstimated Fair ValueFinancial assets:Debt securities held to maturity $8,599 $7,540 $— $— $8,187 $7,136 $412 $404 Loans held for sale33 33 — — —