Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 12

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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, disclosed by the length of time the individual securities have been in a continuous unrealized loss position:June 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$— $— $2,601 ($81)$2,601 ($81)Mortgage-backed securities:Federal agencies and U.S. government sponsored entities7,678 (213)13,684 (1,470)21,362 (1,683)Other/non-agency— — 263 (8)263 (8)Total mortgage-backed securities7,678 (213)13,947 (1,478)21,625 (1,691)Total$7,678 ($213)$16,548 ($1,559)$24,226 ($1,772)December 31, 2024Less than 12 Months12 Months or LongerTotal(dollars in millions)Fair ValueGross Unrealized LossesFair ValueGross Unrealized LossesFair ValueGross Unrealized LossesU.S. Treasury and other$— $— $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 June 30, 2025. The unrealized losses on these AFS debt securities reflect non-credit-related factors driven by changes in interest rates. Therefore, the Company determined that these AFS debt securities are not impaired. 

Cit