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
PNC$231.300.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Commercial Mortgage Servicing Rights – Key Valuation Assumptions
Table 57: Commercial Mortgage Servicing Rights – Key Valuation Assumptions
| Dollars in millions · December 31, 2023 · December 31, 2022 | |||
|---|---|---|---|
| Fair value | $1,032 | $1,113 | |
| Weighted-average life (years) | 3.9 | 4.0 | |
| Weighted-average constant prepayment rate | 5.51 | % | 4.28% |
| Decline in fair value from 10% adverse change | $9 | $8 | |
| Decline in fair value from 20% adverse change | $17 | $15 | |
| Effective discount rate | 9.64 | % | 9.77% |
| Decline in fair value from 10% adverse change | $31 | $34 | |
| Decline in fair value from 20% adverse change | $61 | $68 | |
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