Company: CFG-PE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000759944-25-000070
Chunk: 121

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 2
Chunk 121
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 to Manage Non-Trading Interest Rate ExposureMarch 31, 2025December 31, 2024Weighted AverageWeighted Average(dollars in millions)Notional AmountMaturity (Years)Fixed RateReset Rate Notional AmountMaturity (Years)Fixed RateReset RateFair value hedges:Asset conversion swaps:AFS securities:Pay fixed/receive SOFR$7,907 4.6 3.8 %4.4 %$7,827 4.7 3.8 %4.5 %Liability conversion swaps:Long-term borrowed funds:Receive fixed/pay SOFR500 0.6 2.6 4.7 500 0.9 2.6 4.8 Total fair value hedges8,407 8,327 Cash flow hedges:Asset conversion swaps:Loans:SwapsReceive fixed/pay SOFR26,250 1.4 3.1 4.4 26,250 1.7 3.1 4.5 Receive fixed/pay SOFR - forward-starting21,500 3.3 3.8 3.6 20,000 3.5 3.7 4.0 Pay fixed/receive SOFR - forward-starting1,483 3.4 3.7 4.0 — — — — Basis swapsReceive SOFR/pay 1-month term SOFR11,500 1.3 — 4.4/4.311,500 1.6 — 4.5/4.3Receive SOFR/pay 1-month term SOFR - forward-starting3,000 2.1 — 4.0/3.93,000 2.4 — 4.0/4.0Total cash flow hedges63,733 60,750 Total hedges$72,140 $69,077 

Table 18: Pre-Tax Gains (Losses) Recorded in the Consolidated Statements of Operations and the Consolidated Statements of Comprehensive Income on Cash Flow HedgesThree Months Ended March 31,(dollars in millions)20252024Pre-tax net gains (losses) recognized in OCI$284 ($550)Pre-tax net gains (losses) reclassified from AOCI into interest income(202)(203)Pre-tax net gains (losses)