Company: CFG-PE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000759944-25-000153
Chunk: 12

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 when an external rating is not available. All securities were determined to be investment grade at September 30, 2025.The following tables present AFS debt securities with fair values below their respective carrying values, disclosed by the length of time the individual securities have been in a continuous unrealized loss position:September 30, 2025Less than 12 Months12 Months or LongerTotal(dollars in millions)Fair ValueGross Unrealized LossesFair ValueGross Unrealized LossesFair ValueGross Unrealized LossesU.S. Treasury and other$— $— $2,613 ($72)$2,613 ($72)Mortgage-backed securities:Federal agencies and U.S. government sponsored entities4,760 (171)13,230 (1,303)17,990 (1,474)Other/non-agency— — 263 (5)263 (5)Total mortgage-backed securities4,760 (171)13,493 (1,308)18,253 (1,479)Total$4,760 ($171)$16,106 ($1,380)$20,866 ($1,551)December 31, 2024Less than 12 Months12 Months or LongerTotal(dollars in millions)Fair ValueGross Unrealized LossesFair ValueGross Unrealized LossesFair ValueGross Unrealized LossesU.S. Treasury and other$— $— $2,544 ($109)$2,544 ($109)Mortgage-backed securities:Federal agencies and U.S. government sponsored entities9,560 (265)14,304 (1,870)23,864 (2,135)Other/non-agency— — 260 (13)260 (13)Total mortgage-backed securities9,560 (265)14,564 (1,883)24,124 (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 September 30, 2025.