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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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 December 31, 2024:
Table 46: Contractual Maturity of Debt Securities
| 1 Year orLess · After 1 Yearthrough 5 Years · After 5 Yearsthrough 10 Years · After 10Years · Total | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Dollars in millions | |||||||||
| Securities Available-for-sale | |||||||||
| U.S. Treasury and government agencies | $512 | $10,325 | $10,849 | $2,276 | $23,962 | ||||
| Residential mortgage-backed | |||||||||
| Agency | 4 | 226 | 3,627 | 29,732 | 33,589 | ||||
| Non-agency | 18 | 486 | 504 | ||||||
| Commercial mortgage-backed | |||||||||
| Agency | 73 | 1,101 | 475 | 428 | 2,077 | ||||
| Non-agency | 1 | 103 | 84 | 518 | 706 | ||||
| Asset-backed | 850 | 319 | 1,184 | 2,353 | |||||
| Other | 283 | 1,623 | 261 | 140 | 2,307 | ||||
| Total securities available-for-sale at amortized cost | $873 | $14,228 | $15,633 | $34,764 | $65,498 | ||||
| Fair value | $870 | $14,074 | $15,287 | $31,808 | $62,039 | ||||
| Weighted-average yield, GAAP basis (a) | 2.75% | 3.69% | 4.10% | 3.73% | 3.80% | ||||
| Securities Held-to-Maturity | |||||||||
| U.S. Treasury and government agencies | $8,211 | $18,783 | $1,563 | $863 | $29,420 | ||||
| Residential mortgage-backed | |||||||||
| Agency | 7 | 290 | 39,874 | 40,171 | |||||
| Non-agency | 240 | 240 | |||||||
| Commercial mortgage-backed | |||||||||
| Agency | 278 | 469 | 208 | 955 | |||||
| Non-agency | 39 | 797 | 836 | ||||||
| Asset-backed | 967 | 1,393 | 1,020 | 3,380 | |||||
| Other | 304 | 796 | 322 | 1,269 | 2,691 | ||||
| Total securities held-to-maturity at amortized cost | $8,515 | $20,870 | $4,037 | $44,271 | $77,693 | ||||
| Fair value | $8,448 | $20,271 | $3,856 | $40,483 | $73,058 | ||||
| Weighted-average yield, GAAP basis (a) | 1.36% | 1.72% | 3.05% | 2.93% | 2.44% | ||||
(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.
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