PNC FINANCIAL SERVICES GROUP, INC.
For the period ended Sep 30, 2025. Filed Nov 3, 2025.
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Sep 30, 2025 · Filed Nov 3, 2025
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Commercial and Industrial Loans by Industry
Table 16: Commercial and Industrial Loans by Industry
| September 30, 2025 | December 31, 2024 | |||
|---|---|---|---|---|
| Dollars in millions | Amount | % of Total | Amount | % of Total |
| Commercial and industrial | ||||
| Financial services | $33,347 | 18% | $27,737 | 16% |
| Manufacturing | 30,256 | 16 | 27,700 | 16 |
| Service providers | 23,830 | 13 | 21,881 | 12 |
| Wholesale trade | 19,350 | 10 | 18,399 | 10 |
| Real estate related (a) | 15,059 | 8 | 14,910 | 8 |
| Retail trade | 12,358 | 6 | 11,611 | 7 |
| Technology, media and telecommunications | 11,368 | 6 | 9,767 | 6 |
| Health care | 9,571 | 5 | 9,694 | 6 |
| Transportation and warehousing | 7,492 | 4 | 7,320 | 4 |
| Other industries | 27,565 | 14 | 26,771 | 15 |
| Total commercial and industrial loans | $190,196 | 100% | $175,790 | 100% |
(a) Represents loans to customers in the real estate and construction industries.
Owner occupied commercial real estate loans totaled $8.9 billion and $9.2 billion at September 30, 2025 and December 31, 2024, respectively. These loans are categorized as commercial and industrial as the credit decisioning is based on the financial condition of the owner, not the ability of the collateral to generate income. Owner occupied commercial real estate loans are well-diversified across industries.
Commercial Real Estate
Commercial real estate loans of $30.3 billion as of September 30, 2025 comprised $17.3 billion related to commercial mortgages on income-producing properties, $8.9 billion of intermediate-term financing loans and $4.1 billion of real estate construction project loans. At December 31, 2024, comparable amounts were $33.6 billion, $19.3 billion, $8.6 billion and $5.7 billion, respectively. Commercial real estate primarily consists of an investment in land and/or buildings held to generate income, which serves as the primary source for the repayment of the loan. However, the disposition of the assigned collateral serves as a secondary source of repayment for the loan should the borrower experience cash generation difficulties.
We monitor credit risk associated with our commercial real estate loans similar to commercial and industrial loans by analyzing PD and LGD. Additionally, risks associated with commercial real estate loans tend to be correlated to the loan structure, collateral location and quality, project progress and business environment. These attributes are also monitored and utilized in assessing credit risk. The portfolio is geographically diverse due to the nature of our business involving clients throughout the U.S.
The PNC Financial Services Group, Inc. –Form 10-Q 21
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