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
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statement of Cash Flows
| UnauditedIn millions | Nine months ended September 30 | |
|---|---|---|
| 2025 | 2024 | |
| Operating Activities | ||
| Net income | $4,964 | $4,326 |
| Adjustments to reconcile net income to net cash provided (used) by operating activities | ||
| Provision for credit losses | 640 | 633 |
| Depreciation, amortization and accretion | 273 | 95 |
| Deferred income taxes (benefit) | (68) | (89) |
| Net losses on sales of securities | 2 | 498 |
| Changes in fair value of mortgage servicing rights | 422 | 297 |
| Gain on Visa shares exchange program | — | (754) |
| Net change in | ||
| Trading securities and other short-term investments | (3,293) | (246) |
| Loans held for sale and related securitization activity | (248) | (18) |
| Other assets | 2,645 | 1,438 |
| Accrued expenses and other liabilities | (2,089) | (563) |
| Other operating activities, net | 379 | 463 |
| Net cash provided (used) by operating activities | $3,627 | $6,080 |
| Investing Activities | ||
| Sales | ||
| Securities available-for-sale | $1,267 | $4,309 |
| Loans | 574 | 375 |
| Repayments/maturities | ||
| Securities available-for-sale | 5,639 | 5,049 |
| Securities held-to-maturity | 10,246 | 8,633 |
| Purchases | ||
| Securities available-for-sale | (12,121) | (25,501) |
| Securities held-to-maturity | (5,182) | (1,028) |
| Loans | (1,592) | (1,595) |
| Net change in | ||
| Federal funds sold and resale agreements | (857) | (606) |
| Loans | (9,985) | 584 |
| Other investing activities, net | (1,497) | (587) |
| Net cash provided (used) by investing activities | $(13,508) | $(10,367) |
The PNC Financial Services Group, Inc. –Form 10-Q 47
CONSOLIDATED STATEMENT OF CASH FLOWS
| (Continued from previous page) | ||
|---|---|---|
| UnauditedIn millions | Nine months ended September 30 | |
| 2025 | 2024 | |
| Financing Activities | ||
| Net change in | ||
| Noninterest-bearing deposits | $(1,435) | $(6,638) |
| Interest-bearing deposits | 7,445 | 9,245 |
| Federal funds purchased and repurchase agreements | 96 | (111) |
| Other borrowed funds | 770 | 504 |
| Sales/issuances | ||
| Federal Home Loan Bank advances | 4,100 | — |
| Senior debt | 8,030 | 6,729 |
| Other borrowed funds | — | 520 |
| Common and treasury stock | 61 | 60 |
| Repayments/maturities | ||
| Federal Home Loan Bank advances | (10,000) | (10,000) |
| Senior debt | (2,750) | (1,650) |
| Subordinated debt | (700) | (750) |
| Other borrowed funds | — | (544) |
| Acquisition of treasury stock | (932) | (466) |
| Preferred stock cash dividends paid | (225) | (258) |
| Common stock cash dividends paid | (1,959) | (1,893) |
| Net cash provided (used) by financing activities | $2,501 | $(5,252) |
| Net Increase (Decrease) In Cash, Cash Equivalents And Restricted Cash | $(7,380) | $(9,539) |
| Cash, cash equivalents and restricted cash at beginning of period | 46,251 | 50,725 |
| Cash, cash equivalents and restricted cash at end of period (a) | $38,871 | $41,186 |
| Supplemental Disclosures | ||
| Interest paid | $8,312 | $9,586 |
| Income taxes paid | $496 | $332 |
| Income taxes refunded | $3 | $44 |
| Leased assets obtained in exchange for new operating lease liabilities | $229 | $182 |
| Non-cash Investing And Financing Items | ||
| Transfer from loans to loans held for sale, net | $236 | $85 |
| Transfer from loans to foreclosed assets | $36 | $31 |
(a)Includes restricted cash at end of period of $843 million and $884 million for the nine months ended September 30, 2025 and 2024, respectively.
48 The PNC Financial Services Group, Inc. –Form 10-Q
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