Company: CFG-PE
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000759944-25-000013
Chunk: 1028

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 1028
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516 Nonaccrual1 66 2 23 144 238 3 — 477 Total commercial real estate1,907 6,847 6,806 3,269 3,149 5,332 2,153 8 29,471 Total commercialPass5,600 12,303 11,393 4,000 3,441 6,194 23,008 61 66,000 Special Mention59 934 894 252 233 373 443 — 3,188 Substandard Accrual8 466 540 687 653 1,226 892 11 4,483 Nonaccrual2 138 56 27 149 340 56 6 774 Total commercial$5,669 $13,841 $12,883 $4,966 $4,476 $8,133 $24,399 $78 $74,445 For retail loans, the Company utilizes FICO credit scores and the loan’s payment and delinquency status to monitor credit quality. Management believes FICO scores are the strongest indicator of credit losses over the contractual life of the loan and assist management in predicting the borrower’s future payment performance. Scores are based on current and historical national industry-wide consumer level credit performance data.

Citizens Financial Group, Inc. | 106

The following table presents the amortized cost basis of retail loans by vintage date and current FICO score as of December 31, 2024:Term Loans by Origination YearRevolving Loans(dollars in millions)20242023202220212020Prior to 2020Within the Revolving PeriodConverted to TermTotalResidential mortgages800+$1,230 $1,302 $3,299 $5,109 $2,919 $3,869 $— $— $17,728 740-7991,757 873 1,568 2,213 1,338 1,923 — — 9,672 680-739425 281 552 697 385 938 — — 3,278 620-67931 61 126 151 101 494 — — 964 <62015 37 76 147 89 703 — — 1,067 No F