PNC FINANCIAL SERVICES GROUP INC
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
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Allowance for Credit Losses by Loan Class
The following table summarizes our ACL related to loans:
Table 25: Allowance for Credit Losses by Loan Class (a)
| December 31, 2024 · December 31, 2023 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Dollars in millions · Allowance Amount · Total Loans · % of Total Loans · Allowance Amount · Total Loans · % of Total Loans | ||||||||
| Allowance for loans and lease losses | ||||||||
| Commercial | ||||||||
| Commercial and industrial | $1,605 | $175,790 | 0.91% | $1,806 | $177,580 | 1.02% | ||
| Commercial real estate | 1,483 | 33,619 | 4.41% | 1,371 | 35,436 | 3.87% | ||
| Equipment lease financing | 60 | 6,755 | 0.89% | 82 | 6,542 | 1.25% | ||
| Total commercial | 3,148 | 216,164 | 1.46% | 3,259 | 219,558 | 1.48% | ||
| Consumer | ||||||||
| Residential real estate | 37 | 46,415 | 0.08% | 61 | 47,544 | 0.13% | ||
| Home equity | 266 | 25,991 | 1.02% | 276 | 26,150 | 1.06% | ||
| Automobile | 160 | 15,355 | 1.04% | 173 | 14,860 | 1.16% | ||
| Credit card | 664 | 6,879 | 9.65% | 766 | 7,180 | 10.67% | ||
| Education | 48 | 1,636 | 2.93% | 56 | 1,945 | 2.88% | ||
| Other consumer | 163 | 4,027 | 4.05% | 200 | 4,271 | 4.68% | ||
| Total consumer | 1,338 | 100,303 | 1.33% | 1,532 | 101,950 | 1.50% | ||
| Total | $4,486 | $316,467 | 1.42% | $4,791 | $321,508 | 1.49% | ||
| Allowance for unfunded lending related commitments | 719 | 663 | ||||||
| Allowance for credit losses | $5,205 | $5,454 | ||||||
| Allowance for credit losses to total loans | 1.64% | 1.70% | ||||||
| Commercial | 1.72% | 1.73% | ||||||
| Consumer | 1.47% | 1.62% | ||||||
(a) Excludes allowances for investment securities and other financial assets, which together totaled $114 million and $120 million at December 31, 2024 and 2023, respectively.
68 The PNC Financial Services Group, Inc. –2024 Form 10-K
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