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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Loans
Table 8: Loans
| March 31 · December 31 · Change | ||||
|---|---|---|---|---|
| Dollars in millions | 2024 | 2023 | $ | % |
| Commercial | ||||
| Commercial and industrial | $176,792 | $177,580 | $(788) | — |
| Commercial real estate | 35,591 | 35,436 | 155 | — |
| Equipment lease financing | 6,462 | 6,542 | (80) | (1)% |
| Total commercial | 218,845 | 219,558 | (713) | — |
| Consumer | ||||
| Residential real estate | 47,386 | 47,544 | (158) | — |
| Home equity | 25,896 | 26,150 | (254) | (1)% |
| Automobile | 14,788 | 14,860 | (72) | — |
| Credit card | 6,887 | 7,180 | (293) | (4)% |
| Education | 1,859 | 1,945 | (86) | (4)% |
| Other consumer | 4,120 | 4,271 | (151) | (4)% |
| Total consumer | 100,936 | 101,950 | (1,014) | (1)% |
| Total loans | $319,781 | $321,508 | $(1,727) | (1)% |
Commercial and consumer loans declined as paydowns outpaced originations and utilization.
For additional information regarding our loan portfolio see the Credit Risk Management portion of the Risk Management section in this Financial Review and Note 3 Loans and Related Allowance for Credit Losses.
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