Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 236

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 236
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(2,148)Total$9,560 ($265)$17,108 ($1,992)$26,668 ($2,257)

The Company does not currently have the intent to sell these AFS debt securities, and it is not more likely than not that the Company will be required to sell them prior to recovery of their amortized cost bases. The Company determined that credit losses are not expected to be incurred on the AFS debt securities identified with unrealized losses as of June 30, 2025. The unrealized losses on these AFS debt securities reflect non-credit-related factors driven by changes in interest rates. Therefore, the Company determined that these AFS debt securities are not impaired. 

Citizens Financial Group, Inc. | 45

NOTE 3 - LOANS AND LEASES Loans held for investment are reported at the amount of their outstanding principal, net of charge-offs, unearned income, deferred loan origination fees and costs, and unamortized premiums or discounts on purchased loans. The following table presents loans and leases, excluding LHFS:(dollars in millions)June 30, 2025December 31, 2024Commercial and industrial$45,412 $42,551 Commercial real estate26,230 27,225 Total commercial71,642 69,776 Residential mortgages33,823 32,726 Home equity17,711 16,495 Automobile3,407 4,744 Education8,550 10,812 Other retail4,171 4,650 Total retail67,662 69,427 Total loans and leases$139,304 $139,203 Accrued interest receivable on loans and leases held for investment totaled $835 million and $816 million as of June 30, 2025 and December 31, 2024, respectively, and is included in Other assets in the Consolidated Balance Sheets.Loans pledged as collateral for FHLB borrowing capacity, primarily residential mortgages and home equity products, totaled $39.0 billion and $37.5 billion at June 30, 2025 and December 31, 2024, respectively. Loans pledged as collateral to support the contingent ability to borrow at the FRB discount window, if necessary, were primarily comprised of education, commercial and industrial, and commercial real estate loans, and totaled $21.4 billion and $22.9 billion at June 30, 2025