Citizens Financial (CFG) - 2023 Q2 - Quarterly Report

Loans and Leases The ACL is a reserve to absorb estimated future credit losses in accordance with GAAP. For additional information regarding the ACL, see "Critical Accounting Estimates — Allowance for Credit Losses" and Note 4 of this report, and "Critical Accounting Estimates — Allowance for Credit Losses" and Note 6 in our 2022 Form 10-K. The ACL of $2.3 billion at June 30, 2023 compared with an ACL of $2.2 billion as of December 31, 2022, reflecting a reserve increase of $59 million. For further informat ...