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
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Payment Performance of FDMs
Table 48: Payment Performance of FDMs (a) (b)
| Nine months ended September 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 | $801 | $3 | $156 | $960 | ||
| Commercial real estate | 755 | 67 | 822 | |||
| Total commercial | 1,556 | 3 | 223 | 1,782 | ||
| Consumer | ||||||
| Residential real estate | 4 | $1 | 88 | 93 | ||
| Home equity | 1 | 21 | 22 | |||
| Credit card | 31 | 4 | $3 | 6 | 1 | 45 |
| Education | 3 | 3 | ||||
| Other consumer | 1 | 1 | ||||
| Total consumer | 39 | 5 | 3 | 6 | 111 | 164 |
| Total | $1,595 | $5 | $3 | $9 | $334 | $1,946 |
(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.
64 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.
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