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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Provision for Credit Losses
Table 6: Provision for Credit Losses
| Three months ended · Three months ended | ||||||
|---|---|---|---|---|---|---|
| March 31 | December 31 | Change | March 31 | March 31 | Change | |
| Dollars in millions | 2024 | 2023 | $ | 2024 | 2023 | $ |
| Provision for (recapture of) credit losses | ||||||
| Loans and leases | $147 | $221 | $(74) | $147 | $229 | $(82) |
| Unfunded lending related commitments | 9 | 23 | (14) | 9 | (22) | 31 |
| Investment securities | 1 | (7) | 8 | 1 | (1) | 2 |
| Other financial assets | (2) | (5) | 3 | (2) | 29 | (31) |
| Total provision for credit losses | $155 | $232 | $(77) | $155 | $235 | $(80) |
Provision for credit losses of $155 million in the first quarter of 2024 reflected portfolio activity and improved macroeconomic factors.
8 The PNC Financial Services Group, Inc. –Form 10-Q
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