Company: CFG-PE
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000759944-25-000013
Chunk: 792

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-13
Form: 10-K
Item: Item 5
Chunk 792
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%0.93 %97.56 %0.85 %0.36 %0.40 %0.83 %

Table 18: Retail Asset Quality MetricsDecember 31, 2024December 31, 2023Average refreshed FICO for total portfolio775 772 CLTV ratio for secured real estate(1)50 %50 %

(1)  The real estate secured portfolio CLTV is calculated as the mortgage and second lien loan balance divided by the most recently available value of the property.

For more information on the aging of accruing and nonaccrual retail loans, and the distribution of retail loans by vintage date and FICO score, see Note 6.

Deposits

Table 19: Composition of Deposits(dollars in millions)December 31, 2024% of Total DepositsDecember 31, 2023% of Total DepositsNoninterest-bearing demand$36,920 21 %$37,107 21 %Money market55,321 32 53,812 30 Checking with interest33,246 19 31,876 18 Savings25,976 15 27,983 16 Time23,313 13 26,564 15 Total deposits$174,776 100 %$177,342 100 %

    Total deposits as of December 31, 2024 decreased compared to December 31, 2023, reflecting a decline in higher-cost Treasury deposits and lower commercial balances, largely offset by growth in Private Bank deposits.

Table 20: Uninsured and Insured/Secured Deposits(dollars in millions)December 31, 2024December 31, 2023Total deposits$174,776 $177,342 Estimated uninsured deposits(1)76,764 73,584 Less: Uninsured affiliate deposits eliminated in consolidation12,705 14,650 Less: Preferred deposits(1)(2)6,902 7,486 CFG adjusted estimated uninsured deposits, excluding preferred deposits57,157 51,448 Total estimated insured/secured deposits$117,619 $125,894 Insured/secured deposits to total deposits67 %71 %

(1) As reported on CBNA’s Call Report.

(2) Represents uninsured deposits of states and political subdivisions that are secured or collateralized as required under state law. 

Citizens Financial