PNC FINANCIAL SERVICES GROUP, INC.
For the period ended Jun 30, 2025. Filed Aug 1, 2025.
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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.
Jun 30, 2025 · Filed Aug 1, 2025
Contents
Fair Value Option – Changes in Fair Value
The changes in fair value for items for which we elected the fair value option are as follows:
Table 73: Fair Value Option – Changes in Fair Value Included in Earnings (a)
| Gains (Losses) · Gains (Losses) | ||||
|---|---|---|---|---|
| Three months ended | Six months ended | |||
| June 30 | June 30 | June 30 | June 30 | |
| In millions | 2025 | 2024 | 2025 | 2024 |
| Assets | ||||
| Residential mortgage loans held for sale | $(8) | $6 | $(12) | $14 |
| Commercial mortgage loans held for sale | $18 | $14 | $29 | $9 |
| Loans | $1 | $6 | $8 | $12 |
| Other assets | $7 | $(2) | $(2) | $3 |
| Liabilities | ||||
| Interest-bearing deposits | $2 | $— | $1 | $— |
| Other liabilities | $(4) | $(7) | $(11) | $(9) |
(a)The impact on earnings of offsetting hedged items or hedging instruments is not reflected in these amounts.
The PNC Financial Services Group, Inc. –Form 10-Q 87
Additional Fair Value Information Related to Financial Instruments Not Recorded at Fair Value
The following table presents the carrying amounts and estimated fair values, as well as the level within the fair value hierarchy, of all other financial instruments that are not recorded on our Consolidated Balance Sheet at fair value as of June 30, 2025 and December 31, 2024. For more information regarding the methods and assumptions used to estimate the fair values of financial instruments included in Table 74, see Note 14 Fair Value in our 2024 Form 10-K.
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