Company: CFG-PE
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000759944-25-000013
Chunk: 1041

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 1041
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 months preceding the default, disaggregated by class of financing receivable and modification type. The modification type reflects the cumulative effect of all FDMs at the time of default. A loan is considered to be in default if, subsequent to modification, it becomes 90 or more days past due or is placed on nonaccrual status.Year Ended December 31, 2024(dollars in millions)Interest Rate ReductionTerm ExtensionPayment DelayInterest Rate Reduction and Term ExtensionTotalCommercial and industrial$1 $18 $— $— $19 Commercial real estate— 134 20 — 154 Total commercial1 152 20 — 173 Residential mortgages— 26 3 3 32 Home equity— 1 — 1 2 Automobile— — — — — Education4 — 11 — 15 Other retail1 — — — 1 Total retail5 27 14 4 50 Total$6 $179 $34 $4 $223 Year Ended December 31, 2023(dollars in millions)Interest Rate ReductionTerm ExtensionPayment DelayInterest Rate Reduction and Term ExtensionTotalCommercial and industrial$— $— $43 $— $43 Commercial real estate— 102 — — 102 Total commercial— 102 43 — 145 Residential mortgages1 9 — 5 15 Home equity— 1 — 2 3 Automobile— — — — — Education— — 1 — 1 Other retail— — — — — Total retail1 10 1 7 19 Total$1 $112 $44 $7 $164 Unfunded commitments related to loans modified during the year ended December 31, 2024 were $206 million at December 31, 2024. Unfunded commitments related to loans modified during the year ended December 31, 2023 were $221 million at December 31, 2023.