PNC FINANCIAL SERVICES GROUP, INC.
For the period ended Sep 30, 2026. Filed Nov 3, 2026.
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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.
Sep 30, 2026 · Filed Nov 3, 2026
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Fair Value Option – Fair Value and Principal Balances
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, see Note 14 Fair Value in our 2025 Form 10-K.
Fair values and aggregate unpaid principal balances of items for which we elected the fair value option are as follows:
Table 78: Fair Value Option – Fair Value and Principal Balances
| September 30, 2026 | December 31, 2025 | |||||
|---|---|---|---|---|---|---|
| In millions | Fair Value (a) | Aggregate UnpaidPrincipal Balance | Difference | Fair Value (a) | Aggregate UnpaidPrincipal Balance | Difference |
| Assets | ||||||
| Residential mortgage loans held-for-sale | ||||||
| Accruing loans less than 90 days past due | $592 | $606 | $(14) | $641 | $636 | $5 |
| Accruing loans 90 days or more past due | 7 | 7 | — | 5 | 5 | — |
| Nonaccrual loans | 15 | 17 | (2) | 14 | 15 | (1) |
| Total | $614 | $630 | $(16) | $660 | $656 | $4 |
| Commercial mortgage loans held-for-sale (b) (c) | ||||||
| Accruing loans less than 90 days past due | $715 | $744 | $(29) | $1,059 | $1,059 | $— |
| Loans | ||||||
| Accruing loans less than 90 days past due | $680 | $758 | $(78) | $716 | $796 | $(80) |
| Accruing loans 90 days or more past due | 179 | 193 | (14) | 159 | 172 | (13) |
| Nonaccrual loans | 207 | 287 | (80) | 237 | 327 | (90) |
| Total | $1,066 | $1,238 | $(172) | $1,112 | $1,295 | $(183) |
| Other assets | $128 | $144 | $(16) | $162 | $154 | $8 |
| Liabilities | ||||||
| Interest-bearing deposits | $7,587 | $7,602 | $(15) | $3,642 | $3,641 | $1 |
| Other borrowed funds | $38 | $39 | $(1) | $31 | $32 | $(1) |
| Other liabilities with contractual unpaid principal balance | $28 | $32 | $(4) | $23 | $25 | $(2) |
| Other liabilities without contractual unpaid principal balance | $108 | $— | $108 | $122 | $— | $122 |
(a)Amounts exclude accrued interest.
(b)There were no accruing loans 90 days or more past due within this category at September 30, 2026 or December 31, 2025.
(c)There were no nonaccrual loans within this category at September 30, 2026 or December 31, 2025.
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