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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Contractual Maturity of Debt Securities

The following table presents, by remaining contractual maturity, the amortized cost, fair value and weighted-average yield of debt securities at June 30, 2024:

Table 38: Contractual Maturity of Debt Securities

June 30, 2024Dollars in millions · 1 Year or Less · After 1 Yearthrough 5 Years · After 5 Yearsthrough 10 Years · After 10Years · Total
Securities Available for Sale
U.S. Treasury and government agencies	$1,202		$2,470			$10,854			$2,342			$16,868
Residential mortgage-backed
Agency	1		222			3,472			26,539			30,234
Non-agency				11			523			534
Commercial mortgage-backed
Agency	6		664			751			337			1,758
Non-agency	1		105			73			645			824
Asset-backed		667			318			1,112			2,097
Other	280		1,866			291			144			2,581
Total securities available for sale at amortized cost	$1,490		$5,994			$15,770			$31,642			$54,896
Fair value	$1,480		$5,808			$15,422			$28,478			$51,188
Weighted-average yield, GAAP basis (a)	1.43%		3.57%			4.13%			3.50%			3.63%
Securities Held to Maturity
U.S. Treasury and government agencies	$10,363		$22,586			$1,635			$884			$35,468
Residential mortgage-backed
Agency		9			309			41,547			41,865
Non-agency						250			250
Commercial mortgage-backed
Agency		158			587			211			956
Non-agency			49						1,140			1,189
Asset-backed	20		1,329			2,228			1,256			4,833
Other	202		968			433			1,293			2,896
Total securities held to maturity at amortized cost	$10,585		$25,099			$5,192			$46,581			$87,457
Fair value	$10,461		$24,133			$4,989			$42,672			$82,255
Weighted-average yield, GAAP basis (a)	0.96%		1.60%			3.79%			2.97%			2.38%

(a)Weighted-average yields are based on amortized cost with effective yields weighted for the contractual maturity of each security. Actual maturities and yields may differ as certain securities may be prepaid.

At June 30, 2024, there were no securities of a single issuer, other than FNMA and FHLMC, that exceeded 10% of total shareholders’ equity. The FNMA and FHLMC investments had a total amortized cost of $35.9 billion and $31.4 billion, and fair value of $32.4 billion and $28.7 billion, respectively.

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