Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 16

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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 beginning of period$1,234 $852 $2,086 $1,250 $848 $2,098 Charge-offs(100)(123)(223)(202)(252)(454)Recoveries4 35 39 21 68 89 Net charge-offs(96)(88)(184)(181)(184)(365)Provision expense (benefit) for loans and leases144 79 223 213 179 392 Allowance for loan and lease losses, end of period1,282 843 2,125 1,282 843 2,125 Allowance for unfunded lending commitments, beginning of period191 31 222 175 45 220 Provision expense (benefit) for unfunded lending commitments(44)3 (41)(28)(11)(39)Allowance for unfunded lending commitments, end of period147 34 181 147 34 181 Total allowance for credit losses, end of period$1,429 $877 $2,306 $1,429 $877 $2,306 Credit Quality IndicatorsThe Company presents loan and lease portfolio segments and classes by credit quality indicator and vintage year and defines the vintage date for the purpose of this disclosure as the date of the most recent credit decision. Renewals are categorized as new credit decisions and reflect the renewal date as the vintage date, except for renewals of loans modified for borrowers experiencing financial difficulty, or FDMs, which are presented in the original vintage.The Company utilizes internal risk ratings to monitor credit quality for commercial loans and leases. For more information on these ratings see Note 6 in the Company’s 2024 Form 10-K.The following table presents the amortized cost basis of commercial loans and leases by vintage date and internal risk rating as of June 30, 2025:Term Loans and Leases by Origination YearRevolving Loans(dollars in millions)20252024202320222021Prior to 2021Within the Revolving PeriodConverted to TermTotalCommercial and industrialPass$3,641 $5,104 $1,783 $3,369 $1,901 $2,390 $24,635 $71 $42,894 Special Mention— 7 55 71 226 135 285 — 779 Substandard Accrual13 13 115 160 209 248