Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 234

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 234
---
 subdivisions— — — 1 1 Mortgage-backed securities:Federal agencies and U.S. government sponsored entities70 2,240 1,014 26,545 29,869 Other/non-agency— — — 263 263 Collateralized loan obligations— — 124 — 124 Total debt securities available for sale70 5,366 2,413 26,809 34,658 Mortgage-backed securities:Federal agencies and U.S. government sponsored entities— — — 7,008 7,008 Asset-backed securities— 371 — — 371 Total debt securities held to maturity— 371 — 7,008 7,379 Total fair value of debt securities$70 $5,737 $2,413 $33,817 $42,037 Taxable interest income from investment securities as presented in the Consolidated Statements of Operations was $428 million and $417 million for the three months ended June 30, 2025 and 2024, respectively, and $846 million and $816 million for the six months ended June 30, 2025 and 2024, respectively.The following table presents realized gains and losses on the sale of securities:Three Months Ended June 30,Six Months Ended June 30,(dollars in millions)2025202420252024Gains$5 $— $12 $5 Losses— — — — Securities gains, net$5 $— $12 $5 At June 30, 2025 and December 31, 2024, debt securities with a carrying value of $4.0 billion were pledged to secure public deposits, trust funds, FHLB borrowing capacity, repurchase agreements, derivative contracts and for other purposes as required or permitted by law.The Company did not retain any securitization interests resulting from the origination of mortgage loans during the three and six months ended June 30, 2025. Retained interests from the sale and securitization of originated mortgage loans totaled $133 million during the three months ended June 30, 2024. The debt securities received from the issuers, FNMA and FHLMC, include a substantive guarantee and are classified as Debt securities available for sale in the Consolidated Balance Sheets.

Citizens Financial Group, Inc. | 44