Company: CFG-PE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000759944-25-000070
Chunk: 112

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 2
Chunk 112
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 in our 2024 Form 10-K, we utilize internal risk ratings to monitor credit quality for commercial loans and leases.

Total commercial criticized balances of $7.3 billion at March 31, 2025 increased $236 million compared to December 31, 2024. 

Commercial and industrial criticized balances of $2.6 billion at March 31, 2025 remained stable compared to December 31, 2024.

Commercial real estate criticized balances of $4.7 billion at March 31, 2025 increased from $4.5 billion at December 31, 2024, primarily attributable to the continued impacts of interest rates on the Multi-family sector. Approximately 97% of commercial real estate loans remain current on payments as of March 31, 2025.

Citizens Financial Group, Inc. | 14

For more information on the distribution of commercial loans by vintage date and regulatory classification rating, see Note 4.

Table 9: Commercial and Industrial Loans by Industry SectorMarch 31, 2025December 31, 2024(dollars in millions)Balance% of Total Loans and LeasesBalance% of Total Loans and LeasesIndustry sectorFinance and insuranceCapital call facilities$6,503 5 %$6,070 4 %Other finance and insurance6,608 5 6,446 5 Other manufacturing3,536 3 3,491 3 Technology2,858 2 2,818 2 Accommodation and food services2,367 2 2,599 2 Health, pharma, and social assistance2,270 2 2,322 2 Professional, scientific, and technical services2,547 2 2,313 2 Energy and related1,971 1 2,085 1 Other services2,099 1 2,061 1 Wholesale trade2,084 1 2,010 1 Retail trade2,052 1 2,000 1 Arts, entertainment, and recreation1,518 1 1,509 1 Administrative and waste management1,311 1 1,352 1 Automotive1,144 1 1,026 1 Rental and leasing1,054 1 923 1 Consumer products manufacturing778 1 710 1 Other3,081 2 2,816