PNC FINANCIAL SERVICES GROUP INC

For the period ended Sep 30, 2024. Filed Nov 1, 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.

Sep 30, 2024 · Filed Nov 1, 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 September 30, 2024:

Table 38: Contractual Maturity of Debt Securities

September 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	$507		$8,700			$11,291			$2,457			$22,955
Residential mortgage-backed
Agency	1		218			3,323			28,124			31,666
Non-agency				17			500			517
Commercial mortgage-backed
Agency	72		953			626			329			1,980
Non-agency	1		103			86			562			752
Asset-backed		750			318			1,161			2,229
Other	375		1,753			283			140			2,551
Total securities available for sale at amortized cost	$956		$12,477			$15,944			$33,273			$62,650
Fair value	$953		$12,432			$15,760			$31,193			$60,338
Weighted-average yield, GAAP basis (a)	3.34%		3.61%			4.15%			3.59%			3.73%
Securities Held to Maturity
U.S. Treasury and government agencies	$10,401		$20,906			$1,640			$877			$33,824
Residential mortgage-backed
Agency		8			295			40,680			40,983
Non-agency						245			245
Commercial mortgage-backed
Agency		180			582			210			972
Non-agency			46						960			1,006
Asset-backed	17		1,081			1,716			1,192			4,006
Other	325		829			371			1,284			2,809
Total securities held to maturity at amortized cost	$10,743		$23,050			$4,604			$45,448			$83,845
Fair value	$10,690		$22,663			$4,532			$43,513			$81,398
Weighted-average yield, GAAP basis (a)	1.30%		1.51%			3.51%			2.95%			2.37%

(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 September 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 $32.4 billion, and fair value of $34.0 billion and $31.0 billion, respectively.

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