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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Loans
Table 8: Loans
| March 31 · December 31 · Change | ||||
|---|---|---|---|---|
| Dollars in millions | 2025 | 2024 | $ | % |
| Commercial | ||||
| Commercial and industrial | $180,537 | $175,790 | $4,747 | 3% |
| Commercial real estate | 32,307 | 33,619 | (1,312) | (4)% |
| Equipment lease financing | 6,732 | 6,755 | (23) | —% |
| Total commercial | 219,576 | 216,164 | 3,412 | 2% |
| Consumer | ||||
| Residential real estate | 45,890 | 46,415 | (525) | (1)% |
| Home equity | 25,846 | 25,991 | (145) | (1)% |
| Automobile | 15,324 | 15,355 | (31) | —% |
| Credit card | 6,550 | 6,879 | (329) | (5)% |
| Education | 1,597 | 1,636 | (39) | (2)% |
| Other consumer | 4,067 | 4,027 | 40 | 1% |
| Total consumer | 99,274 | 100,303 | (1,029) | (1)% |
| Total loans | $318,850 | $316,467 | $2,383 | 1% |
Commercial loans increased due to higher utilization of loan commitments and new production within the commercial and industrial portfolio, partially offset by lower commercial real estate loans.
Consumer loans decreased primarily due to lower residential real estate loans, as paydowns outpaced originations.
For additional information regarding our loan portfolio see the Credit Risk Management portion of the Risk Management section in this Financial Review and Note 3 Loans and Related Allowance for Credit Losses.
Investment Securities
Total investment securities of $137.8 billion at March 31, 2025 decreased $2.0 billion, or 1%, compared to December 31, 2024, primarily due to prepayments and maturities of both available-for-sale and held-to-maturity securities outpacing purchases of available-for-sale securities.
The level and composition of the investment securities portfolio fluctuates over time based on many factors, including market conditions, loan and deposit growth and balance sheet management activities. We manage our investment securities portfolio to optimize returns, while providing a reliable source of liquidity for our banking and other activities, considering the LCR, NSFR and other internal and external guidelines and constraints.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.