Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 193

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 193
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 %$42,551 $480 1.13 %Commercial real estate26,230 620 2.36 27,225 660 2.42 Total commercial71,642 1,106 1.54 69,776 1,140 1.63 Residential mortgages33,823 201 0.59 32,726 194 0.59 Home equity17,711 115 0.65 16,495 112 0.68 Automobile3,407 15 0.42 4,744 24 0.51 Education8,550 269 3.15 10,812 292 2.70 Other retail4,171 302 7.24 4,650 299 6.44 Total retail67,662 902 1.33 69,427 921 1.33 Total loans and leases$139,304 $2,008 1.44 %$139,203 $2,061 1.48 %Allowance for Unfunded Lending CommitmentsCommercial(1)$163 1.77 %$155 1.86 %Retail(2)38 1.39 43 1.39      Total allowance for unfunded lending commitments201 198 Allowance for credit losses$139,304 $2,209 1.59 %$139,203 $2,259 1.62 %

(1) Coverage ratio includes total commercial allowance for unfunded lending commitments and total commercial allowance for loan and lease losses in the numerator and total commercial loans and leases in the denominator.

(2) Coverage ratio includes total retail allowance for unfunded lending commitments and total retail allowance for loan losses in the numerator and total retail loans in the denominator.

The ACL as of June 30, 2025 compared to December 31, 2024 decreased $50 million, driven by a $24 million decrease in retail, given the benefit of Non-Core runoff and improving loan mix, and a $26 million decrease in commercial.

Citizens Financial Group, Inc. | 15

Table 7: Nonaccrual Loans and Leases(dollars in millions)June 30, 2025December 31, 2024Change PercentCommercial and industrial$233 $241 ($8)(3%)Commercial real estate