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
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Home Equity Loan Statistics
The following table presents certain key statistics related to our home equity portfolio:
Table 19: Home Equity Loan Statistics
| March 31, 2024 · December 31, 2023 | ||||||
|---|---|---|---|---|---|---|
| Dollars in millions · Amount · % of Total · Amount · % of Total | ||||||
| Geography (a) | ||||||
| Pennsylvania | $4,643 | 18% | $4,745 | 18% | ||
| New Jersey | 3,145 | 12 | 3,184 | 12 | ||
| Florida | 2,225 | 9 | 2,230 | 9 | ||
| Ohio | 2,201 | 8 | 2,242 | 9 | ||
| California | 1,615 | 6 | 1,580 | 6 | ||
| Texas | 1,234 | 5 | 1,230 | 5 | ||
| Maryland | 1,223 | 5 | 1,237 | 5 | ||
| Michigan | 1,189 | 5 | 1,214 | 5 | ||
| Illinois | 1,046 | 4 | 1,069 | 4 | ||
| North Carolina | 1,000 | 4 | 1,001 | 4 | ||
| Other | 6,375 | 24 | 6,418 | 23 | ||
| Total home equity loans | $25,896 | 100% | $26,150 | 100% | ||
| Lien type | ||||||
| 1st lien | 51% | 52% | ||||
| 2nd lien | 49 | 48 | ||||
| Total | 100% | 100% | ||||
| March 31, 2024 · December 31, 2023 | ||||||
| Weighted-average loan origination statistics (b) | ||||||
| Loan origination FICO score | 772 | 772 | ||||
| LTV of loan originations | 63% | 64% | ||||
(a)Presented in descending order based on loan balances at March 31, 2024.
(b)Weighted-averages calculated for the twelve months ended March 31, 2024 and December 31, 2023, respectively.
Automobile
Auto loans comprised $13.8 billion in the indirect auto portfolio and $1.0 billion in the direct auto portfolio as of March 31, 2024. Comparable amounts as of December 31, 2023 were $13.8 billion and $1.1 billion, respectively. The indirect auto portfolio consists of loans originated primarily through independent franchised dealers, including dealers located in our newer markets. This business is strategically aligned with our core retail banking business.
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