PNC FINANCIAL SERVICES GROUP INC

For the period ended Mar 31, 2024. Filed May 2, 2024.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 2, 2024

PNC$231.30+2.6%Stored close · as of Nov 9, 2026

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Contents

Commercial Credit Quality Indicators

The following table presents credit quality indicators for our commercial loan classes:

Table 41: Commercial Credit Quality Indicators (a)

	Term Loans by Origination Year
March 31, 2024In millions · 2024 · 2023 · 2022 · 2021 · 2020 · Prior · Revolving Loans · Revolving Loans Converted to Term · Total
Commercial and industrial
Pass Rated	$5,497	$20,187	$23,601	$6,708	$5,544	$14,938	$88,965	$760		$166,200
Criticized	181	949	2,336	810	298	855	5,115	48		10,592
Total commercial and industrial loans	5,678	21,136	25,937	7,518	5,842	15,793	94,080	808		176,792
Gross charge-offs (b)	4(c)	8	9	17	1	2	42	1		84
Commercial real estate
Pass Rated	474	4,666	8,362	2,949	2,019	11,485	453		30,408
Criticized	87	183	1,549	507	503	2,302	1	51		5,183
Total commercial real estate loans	561	4,849	9,911	3,456	2,522	13,787	454	51		35,591
Gross charge-offs (b)					1	55				56
Equipment lease financing
Pass Rated	307	1,456	1,360	642	637	1,648		6,050
Criticized	12	110	82	77	46	85		412
Total equipment lease financing loans	319	1,566	1,442	719	683	1,733		6,462
Gross charge-offs (b)		2	2	2	1	1				8
Total commercial loans	$6,558	$27,551	$37,290	$11,693	$9,047	$31,313	$94,534	$859		$218,845
Total commercial gross charge-offs	$4	$10	$11	$19	$3	$58	$42	$1		$148

	Term Loans by Origination Year
December 31, 2023In millions · 2023 · 2022 · 2021 · 2020 · 2019 · Prior · Revolving Loans · Revolving Loans Converted to Term · Total
Commercial and industrial
Pass Rated	$23,019	$26,657	$7,562	$5,783	$4,110	$11,982	$88,467	$573		$168,153
Criticized	838	1,781	739	331	281	698	4,708	51		9,427
Total commercial and industrial loans	23,857	28,438	8,301	6,114	4,391	12,680	93,175	624		177,580
Gross charge-offs (b)	25(c)	32	33	8	3	26	105	12		244
Commercial real estate
Pass Rated	4,182	8,571	2,986	2,190	4,887	7,411	383		30,610
Criticized	155	1,300	455	490	622	1,753	51		4,826
Total commercial real estate loans	4,337	9,871	3,441	2,680	5,509	9,164	434		35,436
Gross charge-offs (b)				12	31	137				180
Equipment lease financing
Pass Rated	1,522	1,424	689	690	452	1,378		6,155
Criticized	90	81	81	51	35	49		387
Total equipment lease financing loans	1,612	1,505	770	741	487	1,427		6,542
Gross charge-offs (b)	4	4	4	4	1	1				18
Total commercial loans	$29,806	$39,814	$12,512	$9,535	$10,387	$23,271	$93,609	$624		$219,558
Total commercial gross charge-offs	$29	$36	$37	$24	$35	$164	$105	$12		$442

(a)Loans in our commercial portfolio are classified as Pass Rated or Criticized based on the regulatory definitions, which are driven by the PD and LGD ratings that we assign. The Criticized classification includes loans that were rated special mention, substandard or doubtful as of March 31, 2024 and December 31, 2023.

(b)Gross charge-offs are presented on a year-to-date basis, as of the period end date.

(c)Includes charge-offs of deposit overdrafts.

Consumer Loan Classes

See Note 3 Loans and Related Allowance for Credit Losses in our 2023 Form 10-K for additional information related to these loan classes, including discussion around the credit quality indicators that we use to monitor and manage the credit risk associated with each loan class.

52 The PNC Financial Services Group, Inc. –Form 10-Q

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