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
PNC$231.30+2.6%Stored close · as of Nov 9, 2026
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Net Periodic Costs - Assumptions
The weighted-average assumptions used (as of the beginning of each year) to determine the net periodic costs shown in Table 102 were as follows:
Table 103: Net Periodic Costs - Assumptions
| Net Periodic Cost Determination | |||
|---|---|---|---|
| As of January 1 | 2025 | 2024 | 2023 |
| Discount rate | |||
| Qualified pension | 5.75% | 5.25% | 5.55% |
| Nonqualified pension | 5.50% | 5.10% | 5.45% |
| Postretirement benefits | 5.60% | 5.15% | 5.50% |
| Rate of compensation increase (average) (a) | 4.25% | 4.25% | 4.25% |
| Interest crediting rate (average) | |||
| Qualified pension | 4.70% | 4.35% | 4.65% |
| Nonqualified pension | 4.75% | 4.45% | 4.80% |
| Postretirement benefits | 4.50% | 4.00% | 4.30% |
| Assumed health care cost trend rate (b) | |||
| Initial trend | 6.50% | 6.00% | 6.00% |
| Ultimate trend | 4.50% | 4.50% | 4.50% |
| Year ultimate trend reached | 2033 | 2030 | 2029 |
| Expected long-term return on plan assets (a) | 6.10% | 6.60% | 6.20% |
(a)Rate disclosed is for the qualified pension plan.
(b)Rate is applicable only to the postretirement benefit plans.
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