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
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Financial Effect of FDMs
Table 50 presents the weighted average financial effect of FDMs granted during the three and six months ended June 30, 2025 and 2024.
Table 50: Financial Effect of FDMs (a)
| Three months ended June 30, 2025Dollars in millions | Amortized cost basis (b) | Weighted Average Financial Effect |
|---|---|---|
| Term Extension | ||
| Commercial and industrial | $568 | Extended contractual term by 11 months. |
| Commercial real estate | $268 | Extended contractual term by 16 months. |
| Education | $1 | Extended contractual term by 25 months. |
| Other consumer | $1 | Extended contractual term by 44 months. |
| Interest Rate Reduction | ||
| Commercial and industrial | $1 | Reduced contractual interest rate by 5.50%. |
| Payment Delay | ||
| Commercial and industrial | $54 | Provided 5 months of payment deferral. |
| Commercial real estate | $35 | Provided 6 months of payment deferral. |
| Residential real estate | $64 | Provided 6 months of payment deferral. |
| Home equity | $1 | Provided 5 months of payment deferral. |
| Three months ended June 30, 2024Dollars in millions | Amortized cost basis (b) | Weighted Average Financial Effect |
| Term Extension | ||
| Commercial and industrial | $539 | Extended contractual term by 15 months. |
| Commercial real estate | $538 | Extended contractual term by 14 months. |
| Residential real estate | $1 | Extended contractual term by 105 months. |
| Education | $1 | Extended contractual term by 16 months. |
| Interest Rate Reduction | ||
| Commercial and industrial | $120 | Reduced contractual interest rate by 1.12%. |
| Residential real estate | $1 | Reduced contractual interest rate by 1.30%. |
| Payment Delay | ||
| Commercial and industrial | $159 | Provided 5 months of payment deferral. |
| Commercial real estate | $84 | Provided 23 months of payment deferral. |
| Residential real estate | $30 | Provided 10 months of payment deferral. |
| Home equity | $5 | Provided 5 months of payment deferral. |
64 The PNC Financial Services Group, Inc. –Form 10-Q
| (Continued from previous page)Six months ended June 30, 2025Dollars in millions | Amortized cost basis (b) | Weighted Average Financial Effect |
|---|---|---|
| Term Extension | ||
| Commercial and industrial | $828 | Extended contractual term by 17 months. |
| Commercial real estate | $550 | Extended contractual term by 16 months. |
| Residential real estate | $2 | Extended contractual term by 221 months. |
| Education | $3 | Extended contractual term by 17 months. |
| Other consumer | $2 | Extended contractual term by 32 months. |
| Interest Rate Reduction | ||
| Commercial and industrial | $16 | Reduced contractual interest rate by 1.17%. |
| Residential real estate | $1 | Increased contractual interest rate by 0.38%. |
| Payment Delay | ||
| Commercial and industrial | $69 | Provided 12 months of payment deferral. |
| Commercial real estate | $35 | Provided 6 months of payment deferral. |
| Residential real estate | $88 | Provided 6 months of payment deferral. |
| Home equity | $3 | Provided 5 months of payment deferral. |
| Other consumer | $1 | Provided 24 months of payment deferral. |
| Six months ended June 30, 2024Dollars in millions | Amortized cost basis (b) | Weighted Average Financial Effect |
| Term Extension | ||
| Commercial and industrial | $941 | Extended contractual term by 14 months. |
| Commercial real estate | $927 | Extended contractual term by 14 months. |
| Residential real estate | $1 | Extended contractual term by 98 months. |
| Education | $3 | Extended contractual term by 12 months. |
| Interest Rate Reduction | ||
| Commercial and industrial | $145 | Reduced contractual interest rate by 1.64%. |
| Residential real estate | $1 | Reduced contractual interest rate by 1.15%. |
| Payment Delay | ||
| Commercial and industrial | $207 | Provided 7 months of payment deferral. |
| Commercial real estate | $173 | Provided 9 months of payment deferral. |
| Residential real estate | $55 | Provided 9 months of payment deferral. |
| Home equity | $8 | Provided 4 months of payment deferral. |
(a)Excludes the financial effects of modifications for loans that were paid off, charged off or otherwise liquidated as of the period end date.
(b)The amortized cost basis presented in Table 50 includes combination modification categories in addition to the standalone modification categories presented in Table 49. Primarily due to this reason, the amortized cost basis presented in Table 50 may not agree to the amortized cost basis presented alongside the standalone modification categories in Table 49. Amortized cost basis is as of the period end date.
Repayment plans are offered for our credit card, unsecured lines of credit and certain of our home equity loan and line of credit product offerings. We have excluded these plans from Table 50. Refer to Note 3 Loans and Related Allowance for Credit Losses in our 2024 Form 10-K for information around the modification terms of repayment plans.
The PNC Financial Services Group, Inc. –Form 10-Q 65
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