Company: CFG-PE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000759944-25-000070
Chunk: 161

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 2
Chunk 161
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1,012 $— December 31, 2024Days Past Due and Accruing(dollars in millions)Current30-5960-8990+Nonaccrual TotalNonaccrual with no related ACLCommercial and industrial$42,247 $35 $20 $8 $241 $42,551 $31 Commercial real estate26,212 204 27 6 776 27,225 32 Total commercial68,459 239 47 14 1,017 69,776 63 Residential mortgages32,011 251 93 179 192 32,726 142 Home equity16,097 88 27 — 283 16,495 182 Automobile4,563 100 33 — 48 4,744 6 Education10,686 45 23 2 56 10,812 4 Other retail4,504 46 31 1 68 4,650 1 Total retail67,861 530 207 182 647 69,427 335 Total$136,320 $769 $254 $196 $1,664 $139,203 $398 Guaranteed residential mortgages(1)$696 $119 $55 $172 $— $1,042 $— (1) Guaranteed residential mortgages represent loans fully or partially guaranteed by the FHA, VA, and USDA, and are included in the amounts presented for Residential mortgages. At March 31, 2025 and December 31, 2024, the Company had collateral-dependent residential mortgage and home equity loans totaling $397 million and $372 million, respectively, and collateral-dependent commercial loans totaling $513 million and $607 million, respectively.The amortized cost basis of mortgage loans collateralized by residential real estate for which formal foreclosure proceedings were in-process was $302 million and $295 million as of March 31, 2025 and December 31, 2024, respectively.Loan Modifications to Borrowers Experiencing Financial DifficultyThe Company offers loan modifications, characterized as FDMs, to retail and commercial borrowers experiencing financial difficulty as a result of its loss mitigation activities that may result in a payment delay, interest rate reduction, term extension, principal forgiveness, or combination thereof. Payment delays consist of modifications that result in