PNC FINANCIAL SERVICES GROUP, INC.
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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FY2025 · Filed Feb 20, 2026
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Fair Value Measurements – Nonrecurring
Assets measured at fair value on a nonrecurring basis are as follows:
Table 86: Fair Value Measurements – Nonrecurring (a) (b) (c)
| Year ended December 31In millions · Fair Value · Gains (Losses) | |||||
|---|---|---|---|---|---|
| 2025 · 2024 · 2025 · 2024 · 2023 | |||||
| Assets | |||||
| Nonaccrual loans | $510 | $629 | $(181) | $(279) | $(410) |
| Equity investments | 147 | 198 | (1) | (1) | — |
| Loans held for sale | 13 | — | (3) | — | — |
| OREO, foreclosed and other assets | 49 | 8 | (14) | (1) | (1) |
| Long-lived assets | 6 | 18 | (7) | (12) | (29) |
| Total assets | $725 | $853 | $(206) | $(293) | $(440) |
(a)All Level 3 for the periods presented except for $13 million included in Loans held for sale categorized as Level 2 as of December 31, 2025.
(b)Valuation techniques applied were fair value of property or collateral.
(c)Unobservable inputs used were appraised value/sales price, broker opinions or projected income/required improvement costs. Additional quantitative information was not meaningful for the periods presented.
Financial Instruments Accounted for under Fair Value Option
We elect the fair value option to account for certain financial instruments. For more information on these financial instruments for which the fair value option election has been made, refer to the Fair Value Measurement section of this Note 14. These financial instruments are initially measured at fair value. Gains and losses from initial measurement and any changes in fair value are subsequently recognized in earnings. For brokered time deposits, however, any changes in fair value attributable to instrument-specific credit risk are recognized in OCI.
Interest income related to changes in the fair values of these financial instruments is recorded on the Consolidated Income Statement in Other interest income, except for certain residential mortgage loans, for which income is also recorded in Loans interest income. Changes in the value on prepaid forward contracts included in Other assets is reported in Noninterest expense, and interest expense on the Other borrowed funds is reported in Borrowed funds interest expense. Fair value gains and losses recognized in earnings on brokered time deposits are reported in Deposits interest expense, consistent with the classification of contractual interest on these deposits.
We have excluded accrued interest from the fair value amounts reported in Table 87. We have excluded interest income and interest expense from the changes in fair value reported in Table 88.
The PNC Financial Services Group, Inc. –2025 Form 10-K 143
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