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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Provision for Credit Losses
Table 6: Provision for Credit Losses
| Three months ended · Nine months ended | ||||||
|---|---|---|---|---|---|---|
| September 30 | June 30 | Change | September 30 | September 30 | Change | |
| Dollars in millions | 2025 | 2025 | $ | 2025 | 2024 | $ |
| Provision for (recapture of) credit losses | ||||||
| Loans and leases | $136 | $171 | $(35) | $567 | $586 | $(19) |
| Unfunded lending related commitments | 16 | 84 | (68) | 54 | 61 | (7) |
| Investment securities | (1) | (1) | — | 1 | (10) | 11 |
| Other financial assets | 16 | — | 16 | 18 | (4) | 22 |
| Total provision for credit losses | $167 | $254 | $(87) | $640 | $633 | $7 |
Provision for credit losses of $167 million in the third quarter of 2025 was driven by a net decrease in the ACL, primarily due to an improved outlook for our commercial real estate portfolio and portfolio activity, including net loan charge-offs. Provision for credit losses of $640 million for the first nine months of 2025 was driven by a net increase in the ACL, primarily due to changes in macroeconomic scenarios and portfolio activity, including loan growth and net loan charge-offs.
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