LOANS AND LEASES (Tables)

12 Months Ended

Dec. 31, 2025

The following table presents loans and leases, excluding LHFS:


	December 31,
(dollars in millions)	2025	2024
Commercial and industrial	$49,232	$42,551
Commercial real estate	24,580	27,225
Total commercial	73,812	69,776
Residential mortgages	35,024	32,726
Home equity	19,069	16,495
Automobile	2,310	4,744
Education	8,416	10,812
Other retail	4,061	4,650
Total retail	68,880	69,427
Total loans and leases	$142,692	$139,203

The following table presents the composition of LHFS:


	December 31, 2025			December 31, 2024
(dollars in millions)	Residential Mortgages(1)	Commercial(2)	Total	Residential Mortgages(1)	Commercial(2)	Total
Loans held for sale at fair value	$895	$170	$1,065	$633	$192	$825
Other loans held for sale	—	133	133	—	33	33
Total loans held for sale	$895	$303	$1,198	$633	$225	$858

(1) Residential mortgage LHFS at fair value are originated for sale.

(2) Commercial LHFS at fair value consist of loans managed by the Company’s commercial secondary loan desk. Other commercial LHFS primarily consist of loans associated with the Company’s syndication business.

Schedule of investment in leases, before the ALLL

The components of the net investment in direct financing and sales-type leases, before ALLL, are presented below:


	December 31,
(dollars in millions)	2025	2024
Total future minimum lease rentals	$1,005	$916
Estimated residual value of leased equipment (non-guaranteed)	225	231
Initial direct costs	4	4
Unearned income	(154)	(124)
Total leases	$1,080	$1,027

Maturity analysis of direct financing lease receivables

A maturity analysis of direct financing and sales-type lease receivables at December 31, 2025 is presented below:


Year			(dollars in millions)
2026			$237
2027			231
2028			180
2029			120
2030			107
Thereafter			130
Total undiscounted future minimum lease rentals			$1,005

CITIZENS FINANCIAL GROUP INC/RI 10-K