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Citizens Financial Group CFG Provision (benefit) for credit losses
Provision (benefit) for credit losses at other companies
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Where this comes from
Reported directly by Citizens Financial Group in its filing.
Tagged under the XBRL concept cfg:FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalAndOffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal.
The source filing: Citizens Financial Group’s 10-Q, filed May 4, 2026.
- Filed
- May 4, 2026, 11:21 AM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0000759944-26-000101
| (dollars in millions, except per share data) | Three Months Ended March 31, 2026 | Three Months Ended March 31, 2025 |
|---|---|---|
| Long-term borrowed funds | 139 | 158 |
| Total interest expense | 858 | 961 |
| Net interest income | 1,562 | 1,391 |
| Provision (benefit) for credit losses | 140 | 153 |
| Net interest income after provision (benefit) for credit losses | 1,422 | 1,238 |
| NONINTEREST INCOME: | ||
| Service charges and fees | 112 | 109 |
| Capital markets fees | 134 | 100 |
ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)
FAQ
- What is Citizens Financial Group's provision (benefit) for credit losses?
- Citizens Financial Group (CFG) reported provision (benefit) for credit losses of $140M in Q1 2026.
- How has Citizens Financial Group's provision (benefit) for credit losses changed year-over-year?
- Citizens Financial Group's provision (benefit) for credit losses decreased by 8.5% year-over-year, from $153M to $140M.
- What is the long-term trend for Citizens Financial Group's provision (benefit) for credit losses?
- Over 4 years (2021 to 2025), Citizens Financial Group's provision (benefit) for credit losses has grown at a 10.3% compound annual growth rate (CAGR), from -$411M to $608M.
- What does provision (benefit) for credit losses mean?
- This represents the non-cash expense recognized by a financial institution to account for expected future losses on its loan portfolio. It reflects management's assessment of credit risk and the adequacy of reserves to cover potential defaults.
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