PNC FINANCIAL SERVICES GROUP INC
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
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Allowance for Credit Losses by Loan Class
The following table summarizes our ACL related to loans:
Table 24: Allowance for Credit Losses by Loan Class (a)
| December 31, 2023 · December 31, 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Dollars in millions · Allowance Amount · Total Loans · % of Total Loans · Allowance Amount · Total Loans · % of Total Loans | ||||||||
| Allowance for loans and lease losses | ||||||||
| Commercial | ||||||||
| Commercial and industrial | $1,806 | $177,580 | 1.02% | $1,957 | $182,219 | 1.07% | ||
| Commercial real estate | 1,371 | 35,436 | 3.87% | 1,047 | 36,316 | 2.88% | ||
| Equipment lease financing | 82 | 6,542 | 1.25% | 110 | 6,514 | 1.69% | ||
| Total commercial | 3,259 | 219,558 | 1.48% | 3,114 | 225,049 | 1.38% | ||
| Consumer | ||||||||
| Residential real estate | 61 | 47,544 | 0.13% | 92 | 45,889 | 0.20% | ||
| Home equity | 276 | 26,150 | 1.06% | 274 | 25,983 | 1.05% | ||
| Automobile | 173 | 14,860 | 1.16% | 226 | 14,836 | 1.52% | ||
| Credit card | 766 | 7,180 | 10.67% | 748 | 7,069 | 10.58% | ||
| Education | 56 | 1,945 | 2.88% | 63 | 2,173 | 2.90% | ||
| Other consumer | 200 | 4,271 | 4.68% | 224 | 5,026 | 4.46% | ||
| Total consumer | 1,532 | 101,950 | 1.50% | 1,627 | 100,976 | 1.61% | ||
| Total | $4,791 | $321,508 | 1.49% | $4,741 | $326,025 | 1.45% | ||
| Allowance for unfunded lending related commitments | 663 | 694 | ||||||
| Allowance for credit losses | $5,454 | $5,435 | ||||||
| Allowance for credit losses to total loans | 1.70% | 1.67% | ||||||
| Commercial | 1.73% | 1.66% | ||||||
| Consumer | 1.62% | 1.69% | ||||||
(a) Excludes allowances for investment securities and other financial assets, which together totaled $120 million and $176 million at December 31, 2023 and 2022, respectively.
66 The PNC Financial Services Group, Inc. –2023 Form 10-K
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