Company: CFG-PE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000759944-25-000153
Chunk: 57

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 57
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,767 $6,938 $357 $357 Loans held for sale566 566 — — — — 566 566 Net loans and leases138,898 138,627 — — 677 677 138,221 137,950 Other assets710 710 — — 689 689 21 21 Financial liabilities:Deposits180,011 179,967 — — 180,011 179,967 — — Short-term borrowed funds1 1 — — 1 1 — — Long-term borrowed funds10,441 10,649 — — 10,441 10,649 — — December 31, 2024TotalLevel 1Level 2Level 3(dollars in millions)Carrying ValueEstimated Fair ValueCarrying ValueEstimated Fair ValueCarrying ValueEstimated Fair ValueCarrying ValueEstimated Fair ValueFinancial assets(1):Debt securities held to maturity $8,599 $7,540 $— $— $8,187 $7,136 $412 $404 Loans held for sale33 33 — — — — 33 33 Net loans and leases137,142 136,293 — — 979 979 136,163 135,314 Other assets710 710 — — 689 689 21 21 Financial liabilities:Deposits174,776 174,651 — — 174,776 174,651 — — Long-term borrowed funds12,401 12,247 — — 12,401 12,247 — — (1) Excludes cash-related financial instruments not recorded at fair value in the Consolidated Balance Sheets with a carrying value and estimated fair value of $12.3 billion and $11.2 billion at September 30, 2025 and December 31, 2024, respectively.

NOTE 13 - NONINTEREST INCOME A portion of the Company’s noninterest income relates to certain fee-based revenue earned from contracts with customers based on the amount of consideration expected to be received upon the transfer of control of a good or service. For a description of the components of revenue from contracts with customers and how each component is recognized for the principal products and services of