Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 194

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 194
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706 776 (70)(9)Total commercial939 1,017 (78)(8)Residential mortgages198 192 6 3Home equity282 283 (1)—Automobile34 48 (14)(29)Education19 56 (37)(66)Other retail52 68 (16)(24)Total retail585 647 (62)(10)Nonaccrual loans and leases$1,524 $1,664 ($140)(8%)Nonaccrual loans and leases to total loans and leases1.09%1.20%(11 bps)Allowance for loan and lease losses to nonaccrual loans and leases1321248%Allowance for credit losses to nonaccrual loans and leases1451369%

The decline in nonaccrual loans and leases as of June 30, 2025 compared to December 31, 2024 reflects a decrease in commercial primarily driven by the general office segment of CRE, and a decrease in retail driven by the sale of Non-Core education loans and continued runoff of the auto portfolio. See “Executive Summary” for more information regarding the sale of education loans.

Table 8: Ratio of Net Charge-Offs to Average Loans and LeasesThree Months Ended June 30,20252024(dollars in millions)Net Charge-OffsAverage BalanceRatioNet Charge-OffsAverage BalanceRatioCommercial and industrial$39 $44,936 0.35 %$10 $44,381 0.09 %Commercial real estate53 26,487 0.80 86 28,574 1.20 Total commercial 92 71,423 0.51 96 72,955 0.53 Residential mortgages— 33,420 — — 31,633 — Home equity(2)17,324 (0.05)(3)15,343 (0.07)Automobile3 3,705 0.36 4 6,807 0.27 Education18 8,660 0.86 26 11,447 0.93 Other retail56 4,277 5.23 61 4,882 4.98 Total retail75 67,386 0.45 88 70,112 0.51 Total loans and leases$167 $138,809