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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Delinquency Status of FDMs
After we modify a loan, we continue to track its performance under its most recent modified terms. The following table presents the performance, as of period end date, of FDMs granted during the year ended December 31, 2024 and 2023:
Table 55: Delinquency Status of FDMs (a) (b)
| Year ended December 31, 2024Dollars 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 | $1,191 | $9 | $4 | $225 | $1,429 | ||||
| Commercial real estate | 864 | 426 | 1,290 | ||||||
| Equipment lease financing | 2 | 2 | |||||||
| Total commercial | 2,057 | 9 | 4 | 651 | 2,721 | ||||
| Consumer | |||||||||
| Residential real estate | 5 | 1 | 92 | 98 | |||||
| Home equity | 4 | 34 | 38 | ||||||
| Credit card | 45 | 5 | 4 | $7 | 1 | 62 | |||
| Education | 5 | 5 | |||||||
| Other consumer | 1 | 1 | |||||||
| Total consumer | 59 | 6 | 4 | 7 | 128 | 204 | |||
| Total | $2,116 | $15 | $8 | $7 | $779 | $2,925 | |||
| Year ended December 31, 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 | $828 | $14 | $257 | $1,099 | |||||
| Commercial real estate | 863 | 104 | 967 | ||||||
| Total commercial | 1,691 | 14 | 361 | 2,066 | |||||
| Consumer | |||||||||
| Residential real estate | 15 | 1 | 93 | 109 | |||||
| Home equity | 4 | 27 | 31 | ||||||
| Credit card | 41 | 5 | $4 | $7 | 1 | 58 | |||
| Education | 5 | 5 | |||||||
| Other consumer | 1 | 1 | |||||||
| Total consumer | 65 | 6 | 4 | 7 | 122 | 204 | |||
| Total | $1,756 | $20 | $4 | $7 | $483 | $2,270 | |||
(a)Represents amortized cost basis.
(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.
130 The PNC Financial Services Group, Inc. –2024 Form 10-K
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