PNC FINANCIAL SERVICES GROUP INC
For the period ended Jun 30, 2024. Filed Aug 2, 2024.
View on SEC.govAbout this filing
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
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Payment Performance of FDMs
Table 48: Payment Performance of FDMs (a) (b)
| Six months ended June 30, 2023Dollars in millions | Current or Less Than 30 Days Past Due | 30-59 Days Past Due | 60-89 Days Past Due | 90 Days or More Past Due | NonperformingLoans | Total |
|---|---|---|---|---|---|---|
| Commercial | ||||||
| Commercial and industrial | $494 | $4 | $1 | $97 | $596 | |
| Commercial real estate | 520 | 33 | 553 | |||
| Total commercial | 1,014 | 4 | 1 | 130 | 1,149 | |
| Consumer | ||||||
| Residential real estate | 1 | 77 | 78 | |||
| Home equity | 15 | 15 | ||||
| Credit card | 20 | $3 | 3 | 4 | 30 | |
| Education | 2 | 2 | ||||
| Other consumer | 1 | 1 | ||||
| Total consumer | 23 | 3 | 3 | 4 | 93 | 126 |
| Total | $1,037 | $3 | $7 | $5 | $223 | $1,275 |
(b)Loans in our Payment Delay category are reported as past due in accordance with their contractual terms. Once contractually modified, these loans are reported as past due in accordance with their restructured terms.
62 The PNC Financial Services Group, Inc. –Form 10-Q
We generally consider FDMs to have subsequently defaulted when they become 60 days past due after the most recent date the loan
was modified. The following table presents loans that were both (i) classified as FDMs, and (ii) subsequently defaulted during the period.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.