PNC FINANCIAL SERVICES GROUP, INC.
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 20, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Commercial and Industrial Loans by Industry
Table 16: Commercial and Industrial Loans by Industry
| December 31, 2025 | December 31, 2024 | |||
|---|---|---|---|---|
| Dollars in millions | Amount | % of Total | Amount | % of Total |
| Commercial and industrial | ||||
| Financial services | $36,993 | 19% | $27,737 | 16% |
| Manufacturing | 29,769 | 15 | 27,700 | 16 |
| Service providers | 24,159 | 12 | 21,881 | 12 |
| Wholesale trade | 19,263 | 10 | 18,399 | 10 |
| Real estate related (a) | 14,919 | 8 | 14,910 | 8 |
| Technology, media and telecommunications | 12,029 | 6 | 9,767 | 6 |
| Retail trade | 12,020 | 6 | 11,611 | 7 |
| Health care | 8,845 | 5 | 9,694 | 6 |
| Transportation and warehousing | 8,610 | 4 | 7,320 | 4 |
| Other industries | 29,116 | 15 | 26,771 | 15 |
| Total commercial and industrial loans | $195,723 | 100% | $175,790 | 100% |
(a)Represents loans to customers in the real estate and construction industries.
Owner occupied commercial real estate loans totaled $9.0 billion and $9.2 billion at December 31, 2025 and 2024, respectively. These loans are categorized as commercial and industrial loans as the credit decisioning for servicing these loans is based on the financial conditions of the owner, not the ability of the collateral to generate income. Owner occupied commercial real estate loans are well-diversified across industries.
Commercial Real Estate
Commercial real estate loans of $29.6 billion as of December 31, 2025 comprised $17.4 billion related to commercial mortgages on income-producing properties, $8.2 billion of intermediate-term financing loans and $4.0 billion of real estate construction project loans. At December 31, 2024, comparable amounts were $33.6 billion, $19.3 billion, $8.6 billion and $5.7 billion, respectively. Commercial real estate primarily consists of an investment in land and/or buildings held to generate income which serves as the primary source for the repayment of the loan. However, the disposition of the assigned collateral serves as a secondary source of repayment for the loan should the borrower experience cash generation difficulties.
We monitor credit risk associated with our commercial real estate loans similar to commercial and industrial loans by analyzing PD and LGD. Additionally, risks associated with commercial real estate loans tend to be correlated to the loan structure, collateral location and quality, project progress and business environment. These attributes are also monitored and utilized in assessing credit risk. The portfolio is geographically diverse due to the nature of our business involving clients throughout the U.S.
The PNC Financial Services Group, Inc. –2025 Form 10-K 55
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.