PNC · 10-Q · 2026Q2 · Full report

Nonperforming Assets

PNC FINANCIAL SERVICES GROUP, INC. · 2026-08-05 · Importance 25 · Surprise 32

Total nonperforming assets declined $211 million, or 9%, to $2,150 million at June 30, 2026 from $2,361 million at December 31, 2025. Nonperforming loans declined $191 million, or 9%, to $2,027 million, including a $209 million, or 15%, reduction in commercial nonperforming loans. Nonperforming loans to total loans improved to 0.55% from 0.67%, while nonperforming assets to total assets improved to 0.35% from 0.41%. Approximately 95% of total nonperforming loans were secured by collateral at June 30, 2026.

Key facts

• Change in nonperforming assets January 1 to June 30, 2026: beginning $2,361 million; charge-offs and valuation adjustments $(302) million; principal activity including paydowns and payoffs $(517) million; asset sales and transfers $(77) million; returned to performing status $(270) million; June 30 balance $2,150 million source
• Nonperforming assets of $2,200 million at June 30, 2026 decreased $211 million, or 9%, compared to December 31, 2025 source
• Total nonperforming loans at June 30, 2026: $2,027 million; December 31, 2025: $2,218 million; change: $(191) million (−9%) source
• Total nonperforming assets at June 30, 2026: $2,150 million; December 31, 2025: $2,361 million; change: $(211) million (−9%) source
• Accruing loans past due 30 to 59 days at June 30, 2026: component included in total early stage delinquencies of $1,033 million; total early stage delinquencies $1,033 million at June 30, 2026 vs $1,063 million at December 31, 2025 (change $(30) million, −3%) and represented 0.28% of total loans at June 30, 2026 vs 0.32% at December 31, 2025 source
• Nonperforming loans to total loans at June 30, 2026: 0.55%; December 31, 2025: 0.67% source
• As of June 30, 2026, approximately 95% of total nonperforming loans were secured by collateral source
• Total accruing loans past due at June 30, 2026: $1,436 million; December 31, 2025: $1,443 million (change $(7) million, —) representing 0.39% of total loans at June 30, 2026 vs 0.44% at December 31, 2025 source