Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 199

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 199
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 13Total deposits$175,086 100%$174,776 100%

Total deposits as of June 30, 2025 increased compared to December 31, 2024, reflecting growth in the Private Bank and an increase in consumer deposits, partially offset by a decline in time deposits given elevated retail maturities and continued reduction in higher-cost Treasury brokered deposits.

Table 14: Uninsured and Insured/Secured Deposits(dollars in millions)June 30, 2025December 31, 2024Total deposits$175,086 $174,776 Estimated uninsured deposits(1)79,360 76,764 Less: Uninsured affiliate deposits eliminated in consolidation13,779 12,705 Less: Preferred deposits(1)(2)6,105 6,902 CFG adjusted estimated uninsured deposits, excluding preferred deposits59,476 57,157 Total estimated insured/secured deposits$115,610 $117,619 Insured/secured deposits to total deposits66%67%

(1) As reported on CBNA’s Call Report.

(2) Represents uninsured deposits of states and political subdivisions that are secured or collateralized as required under state law.

Borrowed Funds

Total borrowed funds of $12.8 billion as of June 30, 2025 increased $374 million compared to December 31, 2024, driven by an increase in FHLB advances, partially offset by a decline in secured borrowings collateralized by loans and senior debt. For more information regarding our borrowed funds, see “Liquidity Risk” and Note 7.

Citizens Financial Group, Inc. | 19

BUSINESS SEGMENTS 

We have three reportable business segments: Consumer Banking, Commercial Banking, and Non-Core. The business segments are determined based on the products and services provided, or the type of customer served. Each business segment has a segment head that reports directly to the Chief Executive Officer, who has final authority over resource allocation decisions and performance assessment. The business segments reflect this management structure and the manner in which financial information is currently evaluated by the Chief Executive Officer. See Note 16 for more information regarding our business segments.

The following tables present certain financial data of our business segments. Total business segment financial results differ from total consolidated financial results. These differences are reflected in Other non-segment operations and include assets, liabilities, capital, revenues, provision (benefit) for credit losses, expenses and income tax