Company: CFG-PE
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000759944-25-000013
Chunk: 949

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 949
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,203 $145,959 ($6,756)(5 %)

See Note 1 for a description of changes made to the Company’s loans and leases presentation during 2024.

The decrease in total loans and leases as of December 31, 2024 compared to December 31, 2023 reflects a $4.7 billion decrease in commercial given market conditions resulting in relatively low client demand and lower line of credit utilization, partially offset by growth in the Private Bank. Retail decreased $2.1 billion, primarily driven by planned Non-Core portfolio runoff, partially offset by growth in home equity and mortgage, including the Private Bank.

Citizens Financial Group, Inc. | 48

Table 10: Fixed and Variable Rate Loans and Leases by MaturityDecember 31, 2024(dollars in millions)1 Year or Less(1)After 1 Year Through 5 Years(1)After 5 Years Through 15 Years(1)After 15 Years(1)Total Loans and LeasesFixed rate:Commercial and industrial$1,075 $2,376 $527 $22 $4,000 Commercial real estate1,557 3,143 2,586 30 7,316 Total commercial fixed rate2,632 5,519 3,113 52 11,316 Variable rate:Commercial and industrial10,208 26,012 2,321 10 38,551 Commercial real estate9,581 9,095 1,206 27 19,909 Total commercial variable rate(2)19,789 35,107 3,527 37 58,460 Total commercial22,421 40,626 6,640 89 69,776 Fixed rate:Residential mortgages657 2,630 7,005 8,911 19,203 Home equity74 146 180 14 414 Automobile 1,735 3,003 6 — 4,744 Education793 3,193 5,774 182 9,942 Other retail910 1,016 94 67 2,087 Total retail fixed rate4,169 9,988 13,059 9,174 36,390 Variable rate:Residential mortgages188 771 3,465 9,099 13,523 Home equity403 3,223