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
Contents
Subsequently Defaulted FDMs
Table 48: Subsequently Defaulted FDMs (a)
| Year ended December 31, 2023Dollars in millions · Interest Rate Reduction · Term Extension · Payment Delay · All Other Modifications (b) · Total | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Commercial | |||||||||
| Commercial and industrial | $38 | $166 | $7 | $211 | |||||
| Commercial real estate | $46 | 15 | 61 | ||||||
| Total commercial | 46 | 53 | 166 | 7 | 272 | ||||
| Consumer | |||||||||
| Residential real estate | 1 | 28 | 2 | 31 | |||||
| Home equity | 2 | 10 | 12 | ||||||
| Credit card | 16 | 16 | |||||||
| Total consumer | 1 | 30 | 28 | 59 | |||||
| Total | $47 | $53 | $196 | $35 | $331 | ||||
(a)Represents amortized cost basis.
(b)Includes the following modification categories: principal forgiveness, repayment plans, combinations of interest rate reduction/payment delay and interest rate reduction/ term extension and other.
122 The PNC Financial Services Group, Inc. –2023 Form 10-K
Troubled Debt Restructuring Disclosures Prior to the Adoption of ASU 2022-02
Table 49 quantifies the number of loans that were classified as TDRs as well as the change in the loans’ balance as a result of becoming a TDR during the years ended December 31, 2022 and 2021. Additionally, the table provides information about the types of TDR concessions. See Note 1 Accounting Policies for additional discussion of TDRs.
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