PNC FINANCIAL SERVICES GROUP INC

For the period ended Dec 31, 2024. Filed Feb 21, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 21, 2025

PNC$231.30+2.6%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Deferred Tax Assets and Liabilities

Significant components of deferred tax assets and liabilities are as follows:

Table 110: Deferred Tax Assets and Liabilities

December 31 – in millions	2024	2023
Deferred tax assets
Net unrealized losses on securities and financial instruments	$2,098	$2,417
Allowance for loan and lease losses	1,105	1,147
Lease obligations	475	508
Compensation and benefits	312	261
Allowance for unfunded lending related commitments	177	161
Accrued expenses	188	209
Other	340	384
Total gross deferred tax assets	4,695	5,087
Valuation allowance	(23)	(26)
Total deferred tax assets	4,672	5,061
Deferred tax liabilities
Leasing	919	938
Fixed assets	397	477
Right of Use Assets	412	445
Mortgage servicing rights	434	359
Goodwill and intangibles	249	252
Other	472	461
Total deferred tax liabilities	2,883	2,932
Net deferred tax asset	$1,789	$2,129

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.