Company: CFG-PE
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000759944-25-000013
Chunk: 238

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-13
Form: 10-K
Item: Item 5
Chunk 238
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Total amortized cost of debt securities$— $5,748 $1,767 $36,070 $43,585 Fair value:U.S. Treasury and other$— $3,008 $517 $— $3,525 State and political subdivisions— — — 1 1 Mortgage-backed securities:Federal agencies and U.S. government sponsored entities— 2,135 1,079 25,581 28,795 Other/non-agency— — — 260 260 Collateralized loan obligations— — 100 84 184 Total debt securities available for sale— 5,143 1,696 25,926 32,765 Mortgage-backed securities:Federal agencies and U.S. government sponsored entities— — — 7,136 7,136 Asset-backed securities— 404 — — 404 Total debt securities held to maturity— 404 — 7,136 7,540 Total fair value of debt securities$— $5,547 $1,696 $33,062 $40,305 Taxable interest income from investment securities as presented in the Consolidated Statements of Operations was $1.7 billion, $1.2 billion and $840 million for the years ended December 31, 2024, 2023 and 2022, respectively.The following table presents realized gains and losses on sale of securities:Year Ended December 31,(dollars in millions)202420232022Gains$32 $36 $13 Losses(14)(8)(4)Securities gains, net$18 $28 $9  

Citizens Financial Group, Inc. | 97

The following table presents the amortized cost and fair value of debt securities pledged:December 31, 2024December 31, 2023(dollars in millions)Amortized CostFair ValueAmortized CostFair ValuePledged against derivatives, to qualify for fiduciary powers, or to secure public and other deposits as required by law$3,975 $3,644 $5,619 $5,305 Pledged as collateral for FHLB borrowing capacity237 224 242 220 Pledged against repurchase agreements— — — — From time to time, the Company may enter into