Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 192

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 192
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 actions to reduce duration, was 3.7 years.

Citizens Financial Group, Inc. | 14

Loans and Leases     

Table 5: Composition of Loans and Leases, Excluding LHFS(dollars in millions)June 30, 2025December 31, 2024Change PercentCommercial and industrial$45,412 $42,551 $2,861 7 %Commercial real estate26,230 27,225 (995)(4)Total commercial71,642 69,776 1,866 3 Residential mortgages33,823 32,726 1,097 3 Home equity17,711 16,495 1,216 7 Automobile3,407 4,744 (1,337)(28)Education8,550 10,812 (2,262)(21)Other retail4,171 4,650 (479)(10)Total retail67,662 69,427 (1,765)(3)Total loans and leases$139,304 $139,203 $101 — %

The increase in total loans and leases as of June 30, 2025 compared to December 31, 2024 reflects a $1.9 billion increase in commercial driven by higher line of credit utilization, partially offset by CRE paydowns. Retail reflects a $1.8 billion decrease driven by an agreement entered into during the first quarter to sell $1.9 billion of Non-Core education loans. The decrease in retail is also attributable to Non-Core portfolio runoff, partially offset by growth in home equity and mortgage, including the Private Bank.

Credit Quality

The ACL is maintained at a level the Company believes to be appropriate to absorb expected lifetime credit losses over the contractual life of a loan or lease and on unfunded lending commitments, inclusive of recoveries. For additional information regarding the ACL, see “Critical Accounting Estimates — Allowance for Credit Losses” and Note 4 in this report, and “Credit Quality” and Note 6 in our 2024 Form 10-K.

Table 6: ACL and Related Coverage Ratios by PortfolioJune 30, 2025December 31, 2024(dollars in millions)Loans and LeasesAllowanceCoverage RatioLoans and LeasesAllowanceCoverage RatioAllowance for Loan and Lease LossesCommercial and industrial$45,412 $486 1.07