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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Provision for Credit Losses
Table 6: Provision for Credit Losses
| Three months ended · Six months ended | ||||||
|---|---|---|---|---|---|---|
| June 30 | March 31 | Change | June 30 | June 30 | Change | |
| Dollars in millions | 2025 | 2025 | $ | 2025 | 2024 | $ |
| Provision for (recapture of) credit losses | ||||||
| Loans and leases | $171 | $260 | $(89) | $431 | $351 | $80 |
| Unfunded lending related commitments | 84 | (46) | 130 | 38 | 54 | (16) |
| Investment securities | (1) | 3 | (4) | 2 | (10) | 12 |
| Other financial assets | — | 2 | (2) | 2 | (5) | 7 |
| Total provision for credit losses | $254 | $219 | $35 | $473 | $390 | $83 |
The provision for credit losses was $254 million and $473 million for the three and six months ended June 30, 2025, respectively. Both periods were driven by net charge-offs and a net increase in the ACL due to changes in macroeconomic scenarios, tariff related considerations and portfolio activity, including loan growth.
8 The PNC Financial Services Group, Inc. –Form 10-Q
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