PNC FINANCIAL SERVICES GROUP INC
For the period ended Mar 31, 2025. Filed May 2, 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.
Mar 31, 2025 · Filed May 2, 2025
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Contractual Maturity of Debt Securities
The following table presents, by remaining contractual maturity, the amortized cost, fair value and weighted-average yield of debt securities at March 31, 2025:
Table 40: Contractual Maturity of Debt Securities
| March 31, 2025Dollars in millions | 1 Year or Less | After 1 Yearthrough 5 Years | After 5 Yearsthrough 10 Years | After 10Years | Total |
|---|---|---|---|---|---|
| Securities Available-for-Sale | |||||
| U.S. Treasury and government agencies | $376 | $10,961 | $11,246 | $2,171 | $24,754 |
| Residential mortgage-backed | |||||
| Agency | 3 | 310 | 3,502 | 29,342 | 33,157 |
| Non-agency | — | — | 47 | 442 | 489 |
| Commercial mortgage-backed | |||||
| Agency | 60 | 1,422 | 151 | 915 | 2,548 |
| Non-agency | — | 100 | 82 | 431 | 613 |
| Asset-backed | — | 834 | 316 | 1,139 | 2,289 |
| Other | 233 | 1,590 | 216 | 135 | 2,174 |
| Total securities available-for-sale at amortized cost | $672 | $15,217 | $15,560 | $34,575 | $66,024 |
| Fair value | $670 | $15,142 | $15,374 | $32,132 | $63,318 |
| Weighted-average yield, GAAP basis (a) | 3.18% | 3.68% | 4.17% | 3.82% | 3.86% |
| Securities Held-to-Maturity | |||||
| U.S. Treasury and government agencies | $9,187 | $16,300 | $1,447 | $855 | $27,789 |
| Residential mortgage-backed | |||||
| Agency | — | 7 | 335 | 39,036 | 39,378 |
| Non-agency | — | — | — | 236 | 236 |
| Commercial mortgage-backed | |||||
| Agency | — | 277 | 437 | 208 | 922 |
| Non-agency | — | 36 | — | 608 | 644 |
| Asset-backed | 8 | 776 | 1,164 | 978 | 2,926 |
| Other | 284 | 778 | 274 | 1,226 | 2,562 |
| Total securities held-to-maturity at amortized cost | $9,479 | $18,174 | $3,657 | $43,147 | $74,457 |
| Fair value | $9,411 | $17,811 | $3,538 | $40,166 | $70,926 |
| Weighted-average yield, GAAP basis (a) | 1.31% | 1.78% | 2.74% | 2.92% | 2.43% |
(a)Weighted-average yields are based on amortized cost with effective yields weighted for the contractual maturity of each security. Actual maturities and yields may differ as certain securities may be prepaid.
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