PNC Financial Services Group (BSP:PNCS34) Credit Losses Provision : R$3,488 Mil (As of Dec. 2023)

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What is PNC Financial Services Group Credit Losses Provision?

PNC Financial Services Group's credit losses provision for the three months ended in Dec. 2023 was R$1,196 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was R$3,488 Mil.

PNC Financial Services Group's quarterly credit losses provision declined from Jun. 2023 (R$874 Mil) to Sep. 2023 (R$642 Mil) but then increased from Sep. 2023 (R$642 Mil) to Dec. 2023 (R$1,196 Mil).

PNC Financial Services Group's annual credit losses provision increased from Dec. 2021 (R$-4,405 Mil) to Dec. 2022 (R$2,471 Mil) and increased from Dec. 2022 (R$2,471 Mil) to Dec. 2023 (R$3,729 Mil).

PNC Financial Services Group Credit Losses Provision Historical Data

The historical data trend for PNC Financial Services Group's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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PNC Financial Services Group Credit Losses Provision Chart

PNC Financial Services Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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3,172.78

16,334.42

-4,405.17

2,470.58

3,728.75

PNC Financial Services Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															1,078.18	873.67	642.03	1,195.55	776.85

PNC Financial Services Group Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was R$3,488 Mil.

PNC Financial Services Group (BSP:PNCS34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » PNC Financial Services Group Inc (BSP:PNCS34) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

PNC:USA PNC:Mexico PNP:Germany

Address

300 Fifth Avenue, The Tower at PNC Plaza, Pittsburgh, PA, USA, 15222-2401

Website

https://www.pnc.com

PNC Financial Services Group is a diversified financial services company offering retail banking, corporate and institutional banking, asset management, and residential mortgage banking across the United States.

PNC Financial Services Group (BSP:PNCS34) Headlines

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