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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Parent Company - Balance Sheet
Table 109: Parent Company - Balance Sheet
| December 31 – in millions | 2023 | 2022 |
|---|---|---|
| Assets | ||
| Cash held at banking subsidiary | $6,599 | $4,654 |
| Restricted deposits with banking subsidiary | 175 | 175 |
| Investments in: | ||
| Bank subsidiaries and bank holding company | 64,104 | 48,867 |
| Non-bank subsidiaries | 3,020 | 3,170 |
| Loans with affiliates | 1,687 | 1,484 |
| Other assets | 1,297 | 2,057 |
| Total assets | $76,882 | $60,407 |
| Liabilities | ||
| Subordinated debt (a) | $1,749 | $1,728 |
| Senior debt (a) | 22,213 | 11,379 |
| Accrued expenses and other liabilities | 1,815 | 1,526 |
| Total liabilities | 25,777 | 14,633 |
| Equity | ||
| Shareholders’ equity | 51,105 | 45,774 |
| Total liabilities and equity | $76,882 | $60,407 |
(a)See Note 9 Borrowed Funds for additional information on contractual rates and maturity dates of senior debt and subordinated debt for parent company.
In connection with certain affiliates’ commercial and residential mortgage servicing operations, the parent company has committed to maintain such affiliates’ net worth above minimum requirements.
172 The PNC Financial Services Group, Inc. –2023 Form 10-K
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