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$231.30+2.6%Stored close · as of Nov 9, 2026
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Provision for (Recapture of) Credit Losses
Table 6: Provision for (Recapture of) Credit Losses
| Year ended December 31 | ||
|---|---|---|
| Dollars in millions | 2023 | 2022 |
| Provision for (recapture of) credit losses | ||
| Loans and leases | $792 | $439 |
| Unfunded lending related commitments | (31) | 32 |
| Investment securities | (18) | 17 |
| Other financial assets | (1) | (11) |
| Total provision for (recapture of) credit losses | $742 | $477 |
Provision for credit losses was $742 million in 2023, primarily driven by portfolio activity, including changes in credit quality related to the commercial real estate portfolio.
44 The PNC Financial Services Group, Inc. –2023 Form 10-K
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