Company: CFG-PE
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000759944-25-000013
Chunk: 928

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-13
Form: 10-K
Item: Item 6
Chunk 928
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,289 45 (1,857)24,477 Other/non-agency273 — (13)260 279 — (24)255 Total mortgage-backed securities31,170 33 (2,148)29,055 26,568 45 (1,881)24,732 Collateralized loan obligations184 — — 184 667 — (3)664 Total debt securities available for sale, at fair value$34,986 $36 ($2,257)$32,765 $31,729 $71 ($2,023)$29,777 Mortgage-backed securities:Federal agencies and U.S. government sponsored entities$8,187 $— ($1,051)$7,136 $8,696 $9 ($818)$7,887 Total mortgage-backed securities8,187 — (1,051)7,136 8,696 9 (818)7,887 Asset-backed securities412 1 (9)404 488 — (25)463 Total debt securities held to maturity$8,599 $1 ($1,060)$7,540 $9,184 $9 ($843)$8,350 Equity securities, at cost(2)$710 $— $— $710 $869 $— $— $869 Equity securities, at fair value(2)220 — — 220 173 — — 173 (1) Excludes portfolio level basis adjustments of $(75) million and $60 million, respectively, for securities designated in active fair value hedge relationships under the portfolio layer method at December 31, 2024 and 2023.(2) Included in other assets in the Consolidated Balance Sheets.Accrued interest receivable on debt securities totaled $125 million as of December 31, 2024 and 2023 and is included in other assets in the Consolidated Balance Sheets. 

Citizens Financial Group, Inc. | 96

The following table presents the amortized cost and fair value of debt securities by contractual maturity as of December 31, 2024. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without incurring penalties.Distribution of Maturities(dollars in millions)