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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Financial Effect of FDMs
Table 48 presents the weighted average financial effect of FDMs granted during the three and nine months ended September 30, 2025 and 2024.
Table 48: Financial Effect of FDMs (a)
| Three months ended September 30, 2025Dollars in millions | Amortized cost basis (b) | Weighted Average Financial Effect |
|---|---|---|
| Term Extension | ||
| Commercial and industrial | $501 | Extended contractual term by 25 months. |
| Commercial real estate | $241 | Extended contractual term by 6 months. |
| Residential real estate | $1 | Extended contractual term by 162 months. |
| Education | $1 | Extended contractual term by 11 months. |
| Interest Rate Reduction | ||
| Commercial and industrial | $23 | Reduced contractual interest rate by 3.41%. |
| Commercial real estate | $27 | Reduced contractual interest rate by 1.04%. |
| Residential real estate | $1 | Reduced contractual interest rate by 1.73%. |
| Payment Delay | ||
| Commercial and industrial | $73 | Provided 2 months of payment deferral. |
| Commercial real estate | $29 | Provided 6 months of payment deferral. |
| Residential real estate | $71 | Provided 9 months of payment deferral. |
| Home equity | $2 | Provided 5 months of payment deferral. |
| Three months ended September 30, 2024Dollars in millions | Amortized cost basis (b) | Weighted Average Financial Effect |
| Term Extension | ||
| Commercial and industrial | $389 | Extended contractual term by 11 months. |
| Commercial real estate | $253 | Extended contractual term by 17 months. |
| Residential real estate | $1 | Extended contractual term by 28 months. |
| Education | $1 | Extended contractual term by 12 months. |
| Interest Rate Reduction | ||
| Commercial and industrial | $11 | Reduced contractual interest rate by 1.52%. |
| Residential real estate | $1 | Reduced contractual interest rate by 1.48%. |
| Payment Delay | ||
| Commercial and industrial | $25 | Provided 3 months of payment deferral. |
| Commercial real estate | $87 | Provided 8 months of payment deferral. |
| Residential real estate | $28 | Provided 10 months of payment deferral. |
| Home equity | $3 | Provided 5 months of payment deferral. |
The PNC Financial Services Group, Inc. –Form 10-Q 63
| (Continued from previous page)Nine months ended September 30, 2025Dollars in millions | Amortized cost basis (b) | Weighted Average Financial Effect |
|---|---|---|
| Term Extension | ||
| Commercial and industrial | $1,091 | Extended contractual term by 23 months. |
| Commercial real estate | $631 | Extended contractual term by 14 months. |
| Residential real estate | $5 | Extended contractual term by 172 months. |
| Education | $4 | Extended contractual term by 16 months. |
| Other consumer | $2 | Extended contractual term by 32 months. |
| Interest Rate Reduction | ||
| Commercial and industrial | $37 | Reduced contractual interest rate by 2.57%. |
| Commercial real estate | $27 | Reduced contractual interest rate by 1.04%. |
| Residential real estate | $4 | Reduced contractual interest rate by 1.25%. |
| Payment Delay | ||
| Commercial and industrial | $120 | Provided 6 months of payment deferral. |
| Commercial real estate | $29 | Provided 6 months of payment deferral. |
| Residential real estate | $130 | Provided 9 months of payment deferral. |
| Home equity | $5 | Provided 5 months of payment deferral. |
| Other consumer | $1 | Provided 24 months of payment deferral. |
| Nine months ended September 30, 2024Dollars in millions | Amortized cost basis (b) | Weighted Average Financial Effect |
| Term Extension | ||
| Commercial and industrial | $1,188 | Extended contractual term by 14 months. |
| Commercial real estate | $1,073 | Extended contractual term by 15 months. |
| Residential real estate | $4 | Extended contractual term by 81 months. |
| Education | $4 | Extended contractual term by 12 months. |
| Interest Rate Reduction | ||
| Commercial and industrial | $146 | Reduced contractual interest rate by 1.45%. |
| Residential real estate | $3 | Reduced contractual interest rate by 0.83%. |
| Payment Delay | ||
| Commercial and industrial | $206 | Provided 8 months of payment deferral. |
| Commercial real estate | $248 | Provided 7 months of payment deferral. |
| Residential real estate | $67 | Provided 9 months of payment deferral. |
| Home equity | $10 | 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 48 includes combination modification categories in addition to the standalone modification categories presented in Table 47. Primarily due to this reason, the amortized cost basis presented in Table 48 may not agree to the amortized cost basis presented alongside the standalone modification categories in Table 47. 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 48. 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.
64 The PNC Financial Services Group, Inc. –Form 10-Q
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