PNC FINANCIAL SERVICES GROUP INC

For the period ended Jun 30, 2024. Filed Aug 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.

Jun 30, 2024 · Filed Aug 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 42: Commercial Credit Quality Indicators (a)

	Term Loans by Origination Year
June 30, 2024In millions · 2024 · 2023 · 2022 · 2021 · 2020 · Prior · Revolving Loans · Revolving Loans Converted to Term · Total
Commercial and industrial
Pass Rated	$11,419	$18,080	$19,842	$6,104	$5,190	$14,021	$92,363	$695		$167,714
Criticized	298	1,094	2,448	803	189	803	5,361	79		11,075
Total commercial and industrial loans	11,717	19,174	22,290	6,907	5,379	14,824	97,724	774		178,789
Gross charge-offs (b)	11(c)	14	21	18	3	4	42	48		161
Commercial real estate
Pass Rated	1,113	5,125	8,166	2,759	1,761	10,946	420		30,290
Criticized	91	190	1,632	461	477	2,286	20	51		5,208
Total commercial real estate loans	1,204	5,315	9,798	3,220	2,238	13,232	440	51		35,498
Gross charge-offs (b)		5		2	1	161				169
Equipment lease financing
Pass Rated	746	1,392	1,281	591	580	1,590			6,180
Criticized	24	107	85	72	42	45		375
Total equipment lease financing loans	770	1,499	1,366	663	622	1,635			6,555
Gross charge-offs (b)		5	6	2	2	1				16
Total commercial loans	$13,691	$25,988	$33,454	$10,790	$8,239	$29,691	$98,164	$825		$220,842
Total commercial gross charge-offs	$11	$24	$27	$22	$6	$166	$42	$48		$346

	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 June 30, 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.

The PNC Financial Services Group, Inc. –Form 10-Q 53

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