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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Loan Modifications Granted to Borrowers Experiencing Financial Difficulty
The following table presents the amortized cost basis, as of the period end date, of FDMs granted during the three and nine months ended September 30, 2025 and 2024:
Table 47: Loan Modifications Granted to Borrowers Experiencing Financial Difficulty (a) (b)
| Three months ended September 30, 2025Dollars in millions | Interest Rate Reduction | Term Extension | Payment Delay | Repayment Plan | Payment Delay and Term Extension | Interest Rate Reduction and Term Extension | Interest Rate Reduction and Payment Delay | Interest Rate Reduction, Payment Delay, and Term Extension | Other (c) | Total | % of Loan Class |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Commercial | |||||||||||
| Commercial and industrial | $— | $452 | $47 | $— | $26 | $23 | $— | $— | $105 | $653 | 0.34% |
| Commercial real estate | — | 214 | 29 | — | — | 27 | — | — | — | 270 | 0.89% |
| Total commercial | — | 666 | 76 | — | 26 | 50 | — | — | 105 | 923 | 0.41% |
| Consumer | |||||||||||
| Residential real estate | — | — | 71 | — | — | 1 | — | — | 6 | 78 | 0.17% |
| Home equity | — | — | 2 | 1 | — | — | — | — | 11 | 14 | 0.05% |
| Credit card | — | — | — | 17 | — | — | — | — | — | 17 | 0.26% |
| Education | — | 1 | — | — | — | — | — | — | — | 1 | 0.07% |
| Total consumer | — | 1 | 73 | 18 | — | 1 | — | — | 17 | 110 | 0.11% |
| Total | $— | $667 | $149 | $18 | $26 | $51 | $— | $— | $122 | $1,033 | 0.32% |
| Three months ended September 30, 2024Dollars in millions | |||||||||||
| Commercial | |||||||||||
| Commercial and industrial | $— | $372 | $19 | $— | $6 | $11 | $— | $— | $2 | $410 | 0.23% |
| Commercial real estate | — | 253 | 87 | — | — | — | — | — | 14 | 354 | 1.01% |
| Total commercial | — | 625 | 106 | — | 6 | 11 | — | — | 16 | 764 | 0.35% |
| Consumer | |||||||||||
| Residential real estate | — | — | 28 | — | — | 1 | — | — | 4 | 33 | 0.07% |
| Home equity | — | — | 3 | 1 | — | — | — | — | 6 | 10 | 0.04% |
| Credit card | — | — | — | 21 | — | — | — | — | — | 21 | 0.31% |
| Education | — | 1 | — | — | — | — | — | — | — | 1 | 0.06% |
| Total consumer | — | 1 | 31 | 22 | — | 1 | — | — | 10 | 65 | 0.06% |
| Total | $— | $626 | $137 | $22 | $6 | $12 | $— | $— | $26 | $829 | 0.26% |
The PNC Financial Services Group, Inc. –Form 10-Q 61
| (Continued from previous page)Nine months ended September 30, 2025Dollars in millions | Interest Rate Reduction | Term Extension | Payment Delay | Repayment Plan | Payment Delay and Term Extension | Interest Rate Reduction and Term Extension | Interest Rate Reduction and Payment Delay | Interest Rate Reduction, Payment Delay, and Term Extension | Other (c) | Total | % of Loan Class |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Commercial | |||||||||||
| Commercial and industrial | $— | $1,009 | $63 | $— | $45 | $25 | $— | $12 | $142 | $1,296 | 0.68% |
| Commercial real estate | — | 604 | 29 | — | — | 27 | — | — | 14 | 674 | 2.23% |
| Total commercial | — | 1,613 | 92 | — | 45 | 52 | — | 12 | 156 | 1,970 | 0.87% |
| Consumer | |||||||||||
| Residential real estate | — | 1 | 130 | — | — | 4 | — | — | 6 | 141 | 0.32% |
| Home equity | — | — | 5 | 5 | — | — | — | — | 19 | 29 | 0.11% |
| Credit card | — | — | — | 44 | — | — | — | — | — | 44 | 0.66% |
| Education | — | 4 | — | — | — | — | — | — | — | 4 | 0.26% |
| Other consumer | — | 1 | — | 1 | 1 | — | — | — | — | 3 | 0.07% |
| Total consumer | — | 6 | 135 | 50 | 1 | 4 | — | — | 25 | 221 | 0.22% |
| Total | $— | $1,619 | $227 | $50 | $46 | $56 | $— | $12 | $181 | $2,191 | 0.67% |
| Nine months ended September 30, 2024Dollars in millions | |||||||||||
| Commercial | |||||||||||
| Commercial and industrial | $27 | $927 | $34 | $— | $157 | $104 | $15 | $— | $85 | $1,349 | 0.75% |
| Commercial real estate | — | 926 | 101 | — | 147 | — | — | — | — | 1174 | 3.34% |
| Total commercial | 27 | 1,853 | 135 | — | 304 | 104 | 15 | — | 85 | 2,523 | 1.14% |
| Consumer | |||||||||||
| Residential real estate | — | 1 | 67 | — | — | 3 | — | — | 8 | 79 | 0.17% |
| Home equity | — | — | 10 | 5 | — | — | — | — | 12 | 27 | 0.10% |
| Credit card | — | — | — | 52 | — | — | — | — | — | 52 | 0.76% |
| Education | — | 4 | — | — | — | — | — | — | — | 4 | 0.24% |
| Other consumer | — | — | — | 1 | — | — | — | — | — | 1 | 0.02% |
| Total consumer | — | 5 | 77 | 58 | — | 3 | — | — | 20 | 163 | 0.16% |
| Total | $27 | $1,858 | $212 | $58 | $304 | $107 | $15 | $— | $105 | $2,686 | 0.84% |
(a)The unfunded lending related commitments on FDMs granted during the nine months ended September 30, 2025 and 2024 were $0.7 billion and $0.5 billion, respectively.
(b)Excludes the amortized cost basis of modified loans that were paid off, charged off or otherwise liquidated as of the period end date.
(c)Represents all other modifications and includes trial modifications and loans where we have received notification that a borrower has filed for Chapter 7 bankruptcy relief, but specific instructions as to the terms of the relief have not been formally ruled upon by the court.
62 The PNC Financial Services Group, Inc. –Form 10-Q
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