Allowance for credit losses
Citizens Financial Group Allowance for credit losses increased by 0.8% to $1.96B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 2.8%, from $2.01B to $1.96B. Over 5 years (FY 2020 to FY 2025), Allowance for credit losses shows a downward trend with a -4.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase suggests higher expected defaults or a more conservative risk assessment, while a decrease suggests improved borrower creditworthiness.
Detailed definition
A contra-asset account representing the estimated amount of uncollectible loans and receivables within the company's len...
Peer comparison
Standard for financial institutions; peers with higher-risk loan portfolios will typically maintain higher allowance ratios.
bank_allowance_for_credit_lossesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.95B | $1.86B | $1.76B | $1.72B | $1.96B | $1.98B | $1.98B | $2.02B | $2.04B | $2.08B | $2.10B | $2.09B | $2.13B | $2.08B | $2.06B | $2.01B | $2.01B | $1.97B | $1.94B | $1.96B |
| QoQ Change | — | -4.7% | -5.2% | -2.2% | +14.2% | +0.8% | +0.2% | +1.7% | +1.3% | +1.8% | +0.9% | -0.6% | +1.9% | -2.2% | -0.9% | -2.3% | -0.3% | -1.8% | -1.5% | +0.8% |
| YoY Change | — | — | — | — | +0.9% | +6.7% | +12.8% | +17.3% | +4.1% | +5.1% | +5.8% | +3.4% | +4.0% | -0.0% | -1.8% | -3.5% | -5.5% | -5.1% | -5.7% | -2.8% |
| % of Net loans | 1.6% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Share Change | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Allowance for credit losses at Other Companies
Frequently Asked Questions
- What is Citizens Financial Group's allowance for credit losses?
- Citizens Financial Group (CFG) reported allowance for credit losses of $1.96B in Q1 2026.
- How has Citizens Financial Group's allowance for credit losses changed year-over-year?
- Citizens Financial Group's allowance for credit losses decreased by 2.8% year-over-year, from $2.01B to $1.96B.
- What is the long-term trend for Citizens Financial Group's allowance for credit losses?
- Over 5 years (2020 to 2025), Citizens Financial Group's allowance for credit losses has grown at a -4.5% compound annual growth rate (CAGR), from $2.44B to $1.94B.
- What does allowance for credit losses mean?
- The reserve set aside to cover potential losses from loans that may not be repaid.