PNC FINANCIAL SERVICES GROUP, INC.
For the period ended Sep 30, 2025. Filed Nov 3, 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.
Sep 30, 2025 · Filed Nov 3, 2025
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Commercial Credit Quality Indicators
The following table presents credit quality indicators for our commercial loan classes:
Table 44: Commercial Credit Quality Indicators (a)
| Term Loans by Origination Year | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| September 30, 2025In millions | 2025 | 2024 | 2023 | 2022 | 2021 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total |
| Commercial and industrial | |||||||||
| Pass Rated | $23,619 | $16,615 | $10,408 | $14,371 | $4,306 | $12,809 | $98,833 | $243 | $181,204 |
| Criticized | 454 | 841 | 597 | 1,246 | 435 | 475 | 4,871 | 73 | 8,992 |
| Total commercial and industrial loans | 24,073 | 17,456 | 11,005 | 15,617 | 4,741 | 13,284 | 103,704 | 316 | 190,196 |
| Gross charge-offs (b) | 37(c) | 37 | 66 | 15 | 4 | 6 | 117 | 2 | 284 |
| Commercial real estate | |||||||||
| Pass Rated | 1,787 | 2,615 | 3,892 | 5,531 | 1,475 | 8,694 | 473 | — | 24,467 |
| Criticized | 172 | 355 | 1,273 | 1,703 | 360 | 1,947 | 4 | — | 5,814 |
| Total commercial real estate loans | 1,959 | 2,970 | 5,165 | 7,234 | 1,835 | 10,641 | 477 | — | 30,281 |
| Gross charge-offs (b) | 5 | — | 1 | — | 7 | 86 | — | 2 | 101 |
| Equipment lease financing | |||||||||
| Pass Rated | 1,379 | 1,541 | 1,065 | 890 | 347 | 1,424 | — | — | 6,646 |
| Criticized | 29 | 54 | 55 | 65 | 18 | 31 | — | — | 252 |
| Total equipment lease financing loans | 1,408 | 1,595 | 1,120 | 955 | 365 | 1,455 | — | — | 6,898 |
| Gross charge-offs (b) | — | 3 | 5 | 6 | 3 | 8 | — | — | 25 |
| Total commercial loans | $27,440 | $22,021 | $17,290 | $23,806 | $6,941 | $25,380 | $104,181 | $316 | $227,375 |
| Total commercial gross charge-offs | $42 | $40 | $72 | $21 | $14 | $100 | $117 | $4 | $410 |
| Term Loans by Origination Year | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| December 31, 2024In millions | 2024 | 2023 | 2022 | 2021 | 2020 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total |
| Commercial and industrial | |||||||||
| Pass Rated | $22,145 | $13,815 | $17,043 | $5,275 | $4,594 | $11,270 | $91,389 | $522 | $166,053 |
| Criticized | 761 | 878 | 1,856 | 601 | 144 | 580 | 4,868 | 49 | 9,737 |
| Total commercial and industrial loans | 22,906 | 14,693 | 18,899 | 5,876 | 4,738 | 11,850 | 96,257 | 571 | 175,790 |
| Gross charge-offs (b) | 22(c) | 32 | 51 | 25 | 5 | 7 | 133 | 53 | 328 |
| Commercial real estate | |||||||||
| Pass Rated | 2,331 | 5,575 | 6,875 | 2,232 | 1,220 | 9,685 | 423 | — | 28,341 |
| Criticized | 141 | 335 | 1,974 | 485 | 465 | 1,853 | 25 | — | 5,278 |
| Total commercial real estate loans | 2,472 | 5,910 | 8,849 | 2,717 | 1,685 | 11,538 | 448 | — | 33,619 |
| Gross charge-offs (b) | 28 | 5 | — | 2 | 1 | 322 | — | — | 358 |
| Equipment lease financing | |||||||||
| Pass Rated | 1,814 | 1,264 | 1,112 | 478 | 478 | 1,305 | — | — | 6,451 |
| Criticized | 51 | 79 | 88 | 35 | 21 | 30 | — | — | 304 |
| Total equipment lease financing loans | 1,865 | 1,343 | 1,200 | 513 | 499 | 1,335 | — | — | 6,755 |
| Gross charge-offs (b) | 1 | 6 | 12 | 5 | 4 | 6 | — | — | 34 |
| Total commercial loans | $27,243 | $21,946 | $28,948 | $9,106 | $6,922 | $24,723 | $96,705 | $571 | $216,164 |
| Total commercial gross charge-offs | $51 | $43 | $63 | $32 | $10 | $335 | $133 | $53 | $720 |
(a)Loans in our commercial portfolio are classified as Pass Rated or Criticized based on the regulatory definitions, which are driven by the PD and LGD ratings that we assign. The Criticized classification includes loans that were rated special mention, substandard or doubtful as of September 30, 2025 and December 31, 2024.
(b)Gross charge-offs are presented on a year-to-date basis, as of the period end date.
(c)Includes charge-offs of deposit overdrafts.
Consumer Loan Classes
See Note 3 Loans and Related Allowance for Credit Losses in our 2024 Form 10-K for additional information related to these loan classes, including discussion around the credit quality indicators that we use to monitor and manage the credit risk associated with each loan class.
56 The PNC Financial Services Group, Inc. –Form 10-Q
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