Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 233

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 233
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 $— $710 Equity securities, at fair value(2)257 — — 257 220 — — 220 (1) Excludes portfolio level basis adjustments of $29 million and $(75) million, respectively, for securities designated in active fair value hedge relationships under the portfolio layer method at June 30, 2025 and December 31, 2024.(2) Included in Other assets in the Consolidated Balance Sheets.

Citizens Financial Group, Inc. | 43

Accrued interest receivable on debt securities totaled $134 million and $125 million as of June 30, 2025 and December 31, 2024, respectively, and is included in Other assets in the Consolidated Balance Sheets. The following table presents the amortized cost and fair value of debt securities by contractual maturity as of June 30, 2025. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without incurring penalties.Distribution of Maturities(dollars in millions)1 Year                or LessAfter 1 Year through 5 YearsAfter 5 Years through 10 YearsAfter 10       YearsTotalAmortized cost:U.S. Treasury and other$— $3,206 $1,256 $— $4,462 State and political subdivisions— — — 1 1 Mortgage-backed securities:Federal agencies and U.S. government sponsored entities70 2,284 1,067 28,056 31,477 Other/non-agency— — — 271 271 Collateralized loan obligations— — 124 — 124 Total debt securities available for sale70 5,490 2,447 28,328 36,335 Mortgage-backed securities:Federal agencies and U.S. government sponsored entities— — — 7,919 7,919 Asset-backed securities— 374 — — 374 Total debt securities held to maturity— 374 — 7,919 8,293 Total amortized cost of debt securities$70 $5,864 $2,447 $36,247 $44,628 Fair value:U.S. Treasury and other$— $3,126 $1,275 $— $4,401 State and political