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PNC Offers Mixed Picture on Consumer, Business Credit
PNCPNC(US:PNC) Barrons·2025-10-15 19:29

PNC Financial Services set aside more money within its retail banking unit in case customers fall behind on loan payments, but decreased its provision for credit losses within its corporate and institutional banking unit. The retail banking unit's provision for credit losses was 126millionforthethirdquarter,anincreaseof126 million for the third quarter, an increase of 43 million from the second quarter and up 15millionfromthethirdquarterof2024.Thecorporateandinstitutionalbankingunitsprovisionforcreditlossescameinatjust15 million from the third quarter of 2024. The corporate and institutional banking unit's provision for credit losses came in at just 44 ...