PNC · 10-Q · 2026Q3 · Full report

Loan Demand Trends

PNC FINANCIAL SERVICES GROUP, INC. · 2026-11-03 · Importance 48 · Surprise 40 · In source text

Total loans were $378.792 billion at September 30, 2026, up $47.311 billion, or 14%, from December 31, 2025. Commercial loans increased $44.5 billion, or 19%, to $277.0 billion, reflecting strong new production, higher commitment utilization and FirstBank loans; consumer loans rose $2.8 billion, or 3%, to $101.8 billion. Average loans increased $40.3 billion, or 13%, year over year for the first nine months, primarily from commercial loan growth and the addition of FirstBank loans. PNC transferred its $1.4 billion education loan portfolio to held-for-sale during the third quarter.

Key facts

• PNC's total loans were $378.8 billion at September 30, 2026, up $47.3 billion, or 14%, from December 31, 2025. source
• PNC’s originated nonconforming residential mortgage portfolio totaled $44.7 billion at September 30, 2026, with 39% located in California; at December 31, 2025, it totaled $39.5 billion, with 46% in California. source
• PNC’s total loans increased $47.311 billion, from $331.481 billion to $378.792 billion. source
• PNC's education loan portfolio of $1.4 billion was transferred to loans held-for-sale during third-quarter 2026. source
• PNC’s home equity loans totaled $26.3 billion at September 30, 2026, comprising $22.8 billion in home equity lines of credit and $3.5 billion in closed-end installment loans. source
• PNC’s consumer loans increased primarily from acquired FirstBank residential mortgage loans, partly offset by automobile portfolio declines as paydowns outpaced originations and the education loan portfolio was transferred to held-for-sale. source
• PNC auto loans totaled $15.3 billion at September 30, 2026, comprising $14.4 billion in indirect auto loans and $0.9 billion in direct auto loans. source

Impact estimates