The PNC Financial Services Group, Inc. (PNC) 10-K 21 Feb 25 2024 FY Annual report Financial data

Cover page

Cover page - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Feb. 03, 2025	Jun. 30, 2024
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-09718
Entity Registrant Name	PNC FINANCIAL SERVICES GROUP, INC
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	25-1435979
Entity Address, Address Line One	The Tower at PNC Plaza
Entity Address, Address Line Two	300 Fifth Avenue
Entity Address, City or Town	Pittsburgh
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	15222-2401
City Area Code	888
Local Phone Number	762-2265
Title of 12(b) Security	Common Stock, par value $5.00
Trading Symbol	PNC
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 61,600
Entity Common Stock, Shares Outstanding		395,749,583
Documents Incorporated by Reference	Portions of the definitive Proxy Statement of The PNC Financial Services Group, Inc. to be filed pursuant to Regulation 14A for the 2025 annual meeting of shareholders (Proxy Statement) are incorporated by reference into Part III of this Form 10-K.
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Entity Central Index Key	0000713676

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2024
Audit Information [Abstract]
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	Pittsburgh, Pennsylvania
Auditor Firm ID	238

Consolidated Income Statement

Consolidated Income Statement - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Interest Income
Loans	$ 19,346	$ 18,299	$ 11,795
Investment securities	4,123	3,545	2,726
Other	2,915	2,464	915
Total interest income	26,384	24,308	15,436
Interest Expense
Deposits	8,401	6,609	1,267
Borrowed funds	4,484	3,783	1,155
Total interest expense	12,885	10,392	2,422
Net interest income	13,499	13,916	13,014
Noninterest Income
Asset management and brokerage	1,485	1,412	1,444
Capital markets and advisory	1,250	952	1,296
Card and cash management	2,770	2,733	2,633
Lending and deposit services	1,259	1,233	1,134
Residential and commercial mortgage	581	625	647
Other income
Gain on Visa shares exchange program	754
Securities gains (losses)	(500)	(2)	(7)
Other	457	621	959
Total other income	711	619	952
Total noninterest income	8,056	7,574	8,106
Total revenue	21,555	21,490	21,120
Provision For Credit Losses	789	742	477
Noninterest Expense
Personnel	7,302	7,428	7,244
Occupancy	954	982	992
Equipment	1,527	1,411	1,395
Marketing	362	350	355
Other	3,379	3,841	3,184
Total noninterest expense	13,524	14,012	13,170
Income before income taxes and noncontrolling interests	7,242	6,736	7,473
Income taxes	1,289	1,089	1,360
Net income	5,953	5,647	6,113
Less: Net income attributable to noncontrolling interests	64	69	72
Preferred stock dividends	352	417	301
Preferred stock discount accretion and redemptions	8	8	5
Net income attributable to common shareholders	$ 5,529	$ 5,153	$ 5,735
Earnings Per Common Share
Basic (in dollars per share)	$ 13.76	$ 12.80	$ 13.86
Diluted (in dollars per share)	$ 13.74	$ 12.79	$ 13.85
Average Common Shares Outstanding
Basic (shares)	399	401	412
Diluted (shares)	400	401	412

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 5,953	$ 5,647	$ 6,113
Other comprehensive income (loss), before tax and net of reclassifications into Net income
Net change in debt securities	965	1,753	(10,143)
Net change in cash flow hedge derivatives	527	1,303	(3,276)
Pension and other postretirement benefit plan adjustments	21	166	(363)
Net change in Other	1	5	(5)
Other comprehensive income (loss), before tax and net of reclassifications into Net income	1,514	3,227	(13,787)
Income tax benefit (expense) related to items of other comprehensive income	(367)	(767)	3,206
Other comprehensive income (loss), after tax and net of reclassifications into Net income	1,147	2,460	(10,581)
Comprehensive income (loss)	7,100	8,107	(4,468)
Less: Comprehensive income attributable to noncontrolling interests	64	69	72
Comprehensive income (loss) attributable to PNC	$ 7,036	$ 8,038	$ (4,540)

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Millions		Dec. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks		$ 6,904	$ 6,921
Interest-earning deposits with banks		39,347	43,804
Loans held for sale	[1]	850	734
Investment securities – available-for-sale		62,039	41,785
Investment securities – held-to-maturity		77,693	90,784
Loans	[1]	316,467	321,508
Allowance for loan and lease losses		(4,486)	(4,791)
Net loans		311,981	316,717
Equity investments		9,600	8,314
Mortgage servicing rights		3,711	3,686
Goodwill		10,932	10,932
Other	[1]	36,981	37,903
Total assets		560,038	561,580
Deposits
Noninterest-bearing		92,641	101,285
Interest-bearing		334,097	320,133
Total deposits		426,738	421,418
Borrowed funds
Federal Home Loan Bank advances		22,000	38,000
Senior debt		32,497	26,836
Subordinated debt		4,104	4,875
Other	[2]	3,072	3,026
Total borrowed funds		61,673	72,737
Allowance for unfunded lending related commitments		719	663
Accrued expenses and other liabilities	[2]	16,439	15,621
Total liabilities		505,569	510,439
Equity
Preferred stock	[3]
Common stock ($5 par value, Authorized 800,000,000 shares, issued 543,310,646 and 543,116,271 shares)		2,717	2,716
Capital surplus		18,710	19,020
Retained earnings		59,282	56,290
Accumulated other comprehensive income (loss)		(6,565)	(7,712)
Common stock held in treasury at cost: 147,373,633 and 145,087,054 shares		(19,719)	(19,209)
Total shareholders’ equity		54,425	51,105
Noncontrolling interests		44	36
Total equity	[4]	54,469	51,141
Total liabilities and equity		$ 560,038	$ 561,580
[1] Our consolidated assets included the following for which we have elected the fair value option: Loans held for sale of $0.8 billion, Loans of $1.2 billion and Other assets of $0.1 billion at December 31, 2024. Comparable amounts at December 31, 2023 were $0.7 billion, $1.2 billion and $0.1 billion, respectively. Our consolidated liabilities included the following for which we have elected the fair value option: Other borrowed funds of less than $0.1 billion and Other liabilities of $0.1 billion at both December 31, 2024 and December 31, 2023. Par value less than $0.5 million at each date. The par value of our preferred stock outstanding was less than $0.5 million at each date and, therefore, is excluded from this presentation.

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Common stock, par value (in dollars per share)	$ 5	$ 5
Common stock, authorized (shares)	800,000,000	800,000,000
Common stock, issued (shares)	543,310,646	543,116,271
Common stock held in treasury at cost (shares)	147,373,633	145,087,054
Other borrowed funds, fair value (less than)	$ 100	$ 100
Other liabilities, fair value	100	100
Preferred stock	0.5	0.5
Fair Value
Loans held for sale, fair value	800	700
Loans, fair value	1,200	1,200
Other assets, fair value	$ 100	$ 100

Consolidated Statement of Chang

Consolidated Statement of Changes in Equity - USD ($) shares in Millions, $ in Millions		Total		Cumulative Effect, Period of Adoption, Adjustment	[6]	Cumulative Effect, Period of Adoption, Adjusted Balance	[1]	Common stock		Common stock Cumulative Effect, Period of Adoption, Adjusted Balance		Capital Surplus - Preferred Stock		Capital Surplus - Preferred Stock Cumulative Effect, Period of Adoption, Adjusted Balance	[1]	Capital Surplus - Common Stock and Other		Capital Surplus - Common Stock and Other Cumulative Effect, Period of Adoption, Adjusted Balance	[1]	Retained Earnings		Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	[6]	Retained Earnings Cumulative Effect, Period of Adoption, Adjusted Balance	[1]	Accumulated other comprehensive income		Accumulated other comprehensive income Cumulative Effect, Period of Adoption, Adjusted Balance	[1]	Treasury Stock		Treasury Stock Cumulative Effect, Period of Adoption, Adjusted Balance	[1]	Noncontrolling Interests		Noncontrolling Interests Cumulative Effect, Period of Adoption, Adjusted Balance	[1]
Beginning Balance (in shares) at Dec. 31, 2021	[1]							420
Common Stock
Treasury stock activity, shares								(19)
Ending Balance, (in shares) at Dec. 31, 2022	[1]							401		401
Equity, Beginning Balance at Dec. 31, 2021	[1]	$ 55,726						$ 2,713				$ 5,009				$ 12,448				$ 50,228						$ 409				$ (15,112)				$ 31
Common Stock
Accounting Standards Update [Extensible Enumeration]		Accounting Standards Update 2022-02 [Member]
Net income		$ 6,113																		6,041														72
Other comprehensive income (loss), net of tax		(10,581)																								(10,581)
Common		(2,391)																		(2,391)
Preferred		(301)																		(301)
Preferred stock discount accretion												5								(5)
Preferred stock issuance	[2],[3]	2,232										2,232
Common stock activity	[4]	31						1								30
Treasury stock activity		(3,543)														61														(3,604)
Preferred stock redemption	[5]	(1,500)										(1,500)
Other		26														91																		(65)
Equity, Ending Balance at Dec. 31, 2022		45,812	[1]	$ 26		$ 45,838		$ 2,714	[1]	$ 2,714	[1]	5,746	[1]	$ 5,746		12,630	[1]	$ 12,630		53,572	[1]	$ 26		$ 53,598		(10,172)	[1]	$ (10,172)		(18,716)	[1]	$ (18,716)		38	[1]	$ 38
Common Stock
Treasury stock activity, shares								(3)
Ending Balance, (in shares) at Dec. 31, 2023	[1]							398
Common Stock
Net income		5,647																		5,578														69
Other comprehensive income (loss), net of tax		2,460																								2,460
Common		(2,461)																		(2,461)
Preferred		(417)																		(417)
Preferred stock discount accretion												8								(8)
Preferred stock issuance	[7]	1,487										1,487
Common stock activity	[4]	32						$ 2								30
Treasury stock activity		(415)														78														(493)
Preferred stock redemption	[8]	(1,000)										(1,000)
Other		(30)														41																		(71)
Equity, Ending Balance at Dec. 31, 2023	[1]	51,141						$ 2,716				6,241				12,779				56,290						(7,712)	[9]			(19,209)				36
Common Stock
Treasury stock activity, shares								(2)
Ending Balance, (in shares) at Dec. 31, 2024	[1]							396
Common Stock
Net income		5,953																		5,889														64
Other comprehensive income (loss), net of tax		1,147																								1,147
Common		(2,537)																		(2,537)
Preferred		(352)																		(352)
Preferred stock discount accretion												8								(8)
Common stock activity	[4]	32						$ 1								31
Treasury stock activity		(420)														90														(510)
Preferred stock redemption	[10]	(500)										(500)
Other		5														61																		(56)
Equity, Ending Balance at Dec. 31, 2024	[1]	$ 54,469						$ 2,717				$ 5,749				$ 12,961				$ 59,282						$ (6,565)	[9]			$ (19,719)				$ 44
[1] The par value of our preferred stock outstanding was less than $0.5 million at each date and, therefore, is excluded from this presentation. On April 26, 2022, PNC issued 1,000,000 depositary shares each representing 1/100th ownership in a share of 6.000% fixed-rate reset non-cumulative perpetual preferred stock, Series U, with a par value of $1 per share. On August 19, 2022, PNC issued 1,250,000 depositary shares each representing 1/100th ownership in a share of 6.200% fixed-rate reset non-cumulative perpetual preferred stock, Series V, with a par value of $1 per share. Common stock activity totaled less than 0.5 million shares issued. On November 1, 2022, PNC redeemed all 15,000 shares of its Series P preferred stock, as well as all 60,000,000 depositary shares each representing a fractional interest in such shares. Represents the cumulative effect of adopting ASU 2022-02. On February 7, 2023, PNC issued 1,500,000 depositary shares each representing 1/100th ownership in a share of 6.250% fixed-rate reset non-cumulative perpetual preferred stock, Series W, with a par value of $1 per share. On November 1, 2023, PNC redeemed all 10,000 shares of its Series O preferred stock, as well as all 1,000,000 depositary shares each representing a fractional interest in such shares. AOCI included pretax losses of $275 million and $293 million from derivatives that hedged the purchase of investment securities classified as held-to-maturity at December 31, 2024 and December 31, 2023, respectively. On December 2, 2024, PNC redeemed all 5,000 shares of its Series R preferred stock, as well as all 500,000 depositary shares each representing a fractional interest in such shares.

Consolidated Statement of Cha_2

Consolidated Statement of Changes in Equity (Parenthetical) $ in Millions				12 Months Ended
	Feb. 07, 2023 $ / shares shares	Aug. 19, 2022 $ / shares shares	Apr. 26, 2022 $ / shares shares	Dec. 31, 2024 USD ($) shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($) shares	Nov. 01, 2023 shares	Nov. 01, 2022 shares
Par value less than $.5 million at each date | $				$ 0.5	$ 0.5	$ 0.5
Common stock held in treasury at cost (shares)				147,373,633	145,087,054
Common stock
Common stock activity, shares				500,000	500,000	500,000
Series U
Common stock activity, shares			1,000,000
Depositary shares, conversion ratio			0.01
Preferred stock, dividend rate, percentage			6%
Preferred stock, par value (in dollars per share) | $ / shares			$ 1
Series V
Common stock activity, shares		1,250,000
Depositary shares, conversion ratio		0.01
Preferred stock, dividend rate, percentage		6.20%
Preferred stock, par value (in dollars per share) | $ / shares		$ 1
Series P Preferred Stock
Treasury stock, preferred (shares)								15,000
Depositary Shares
Common stock held in treasury at cost (shares)				500,000			1,000,000	60,000,000
Series W
Common stock activity, shares	1,500,000
Depositary shares, conversion ratio	0.01
Preferred stock, dividend rate, percentage	6.25%
Preferred stock, par value (in dollars per share) | $ / shares	$ 1
Series O Preferred Stock
Treasury stock, preferred (shares)							10,000
Series R
Treasury stock, preferred (shares)				5,000

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Operating Activities
Net income		$ 5,953	$ 5,647	$ 6,113
Adjustments to reconcile net income to net cash provided (used) by operating activities
Provision For Credit Losses		789	742	477
Depreciation, amortization and accretion		259	217	651
Deferred income taxes (benefit)		(30)	(252)	351
Net losses on sales of securities		500	2	7
Changes in fair value of mortgage servicing rights		154	298	(543)
Gain on Visa shares exchange program		(754)
Net change in
Trading securities and other short-term investments		41	(767)	433
Loans held for sale and related securitization activity		(151)	210	1,041
Other assets		896	2,312	(877)
Accrued expenses and other liabilities		(1,373)	507	599
Other operating activities, net		1,596	1,195	831
Net cash provided (used) by operating activities		7,880	10,111	9,083
Sales
Securities available-for-sale		4,259	36	4,137
Loans		636	979	5,643
Repayments/maturities
Securities available-for-sale		6,622	6,916	13,324
Securities held-to-maturity		15,711	7,003	5,115
Purchases
Securities available-for-sale		(30,366)	(3,805)	(25,582)
Securities held-to-maturity		(1,745)	(1,857)	(15,423)
Loans		(1,915)	(10,195)	(2,074)
Net change in
Federal funds sold and resale agreements		(387)	573	(718)
Loans		5,056	12,440	(41,735)
Purchases of bank owned life insurance				(50)
Other investing activities, net		(1,103)	(1,985)	(2,995)
Net cash provided (used) by investing activities		(3,232)	10,105	(60,358)
Net change in
Noninterest-bearing deposits		(8,660)	(23,189)	(30,662)
Interest-bearing deposits		13,964	8,337	9,693
Federal funds purchased and repurchase agreements		(74)	359	(2)
Other borrowed funds		431	(549)	636
Sales/issuances
Federal Home Loan Bank advances		3,000	6,000	32,075
Senior debt		9,974	10,464	3,688
Subordinated debt				847
Other borrowed funds			824	796
Preferred stock			1,484	2,225
Common and treasury stock		69	72	68
Repayments/maturities
Federal Home Loan Bank advances		(19,000)	(75)
Senior debt		(4,000)	(750)	(6,250)
Subordinated debt		(750)	(1,500)	(1,000)
Other borrowed funds			(802)	(807)
Preferred stock redemption		(500)	(1,000)	(1,500)
Acquisition of treasury stock		(687)	(651)	(3,731)
Preferred stock cash dividends paid		(352)	(417)	(301)
Common stock cash dividends paid		(2,537)	(2,461)	(2,391)
Net cash provided (used) by financing activities		(9,122)	(3,854)	3,384
Net Increase (Decrease) In Cash, Cash Equivalents And Restricted Cash	[1]	(4,474)	16,362	(47,891)
Cash, cash equivalents and restricted cash at beginning of period		50,725	34,363	82,254
Cash, cash equivalents and restricted cash at end of period		46,251	50,725	34,363
Cash, Cash Equivalents And Restricted Cash
Cash and cash equivalents at end of period (unrestricted cash)		45,283	49,740	33,766
Restricted cash		968	985	597
Cash, cash equivalents and restricted cash at end of period		46,251	50,725	34,363
Supplemental Disclosures
Interest paid		13,052	9,451	2,172
Income taxes paid		434	997	197
Income taxes refunded		45	832	26
Leased assets obtained in exchange for new operating lease liabilities		247	237	326
Non-cash Investing And Financing Items
Transfer from securities available-for-sale to securities held-to-maturity				88,605
Transfer from loans to loans held for sale, net		122	380	435
Transfer from loans to foreclosed assets		40	56	58
Adjustment to assets and liabilities related to partially financed investment exits			$ 834
[1] In the second quarter of 2024, we updated our policy for cash and cash equivalents to include interest-earning deposits with banks. See Note 1 Accounting Policies for additional information regarding this change to our cash and cash equivalents policy.

Accounting Policies

Accounting Policies	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Accounting Policies	B USINESS PNC is one of the largest diversified financial services companies in the U.S. and is headquartered in Pittsburgh, Pennsylvania. We have businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management, providing many of our products and services nationally. Our retail branch network is located coast-to-coast. We also have strategic international offices in four countries outside the U.S. CCOUNTING P OLICIES Basis of Financial Statement Presentation Our consolidated financial statements include the accounts of the parent company and its subsidiaries, most of which are wholly-owned, certain partnership interests and VIEs. We prepared these consolidated financial statements in accordance with GAAP. We have eliminated intercompany accounts and transactions. We have also reclassified certain prior-year amounts to conform to the current period presentation, which did not have a material impact on our consolidated financial condition or results of operations. We have also considered the impact of subsequent events on these consolidated financial statements through the date of issuance of the consolidated financials. Use of Estimates We prepared these consolidated financial statements using financial information available at the time of preparation, which requires us to make estimates and assumptions that affect the amounts reported. Our most significant estimates pertain to the ACL and our fair value measurements. Actual results may differ from the estimates and the differences may be material to the consolidated financial statements. Cash, Cash Equivalents and Restricted Cash Cash and due from banks are considered cash and cash equivalents for financial reporting purposes because they represent a primary source of liquidity. Certain cash balances within Cash and due from banks on our Consolidated Balance Sheet are restricted as to withdrawal or usage by legally binding contractual agreements or regulatory requirements. Effective for the second quarter of 2024, we updated our policy to classify Interest-earning deposits with banks as Cash and cash equivalents on the Consolidated Statement of Cash Flows when reconciling Cash and due from banks and restricted cash. We believe this presentation enhances the usefulness of financial reporting because management views these funds as a source of liquidity for future transactions, while enhancing comparability to align with industry practice. There is no impact to our Consolidated Income Statement (including EPS), Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, or Consolidated Statement of Changes in Equity. All periods presented herein reflect this change. To reflect the change in accounting policy, we adjusted the Consolidated Statement of Cash Flows for the years ended December 31, 2023 and 2022. The Consolidated Statement of Cash Flows for the year ended December 31, 2023 included an adjustment of $16.5 billion from Net cash provided (used) by investing activities to Net increase (decrease) in cash, cash equivalents and restricted cash at end of period. The $16.5 billion was comprised of $16.5 billion previously reported in Net change in Interest-earning deposits with banks and less than $(0.1) billion previously reported in Other investing activities, net. Additionally, we included $27.3 billion of Interest-earning deposits with banks in Cash, cash equivalents and restricted cash at beginning of period, and $43.8 billion of Interest-earning deposits with banks in Cash, cash equivalents and restricted cash at end of period. The Consolidated Statement of Cash Flows for the year ended December 31, 2022 included an adjustment of $(46.9) billion from Net cash provided (used) by investing activities to Net increase (decrease) in cash, cash equivalents and restricted cash at end of period. The $(46.9) billion was previously reported in Net change in Interest-earning deposits with banks. Additionally, we included $74.2 billion of Interest-earning deposits with banks in Cash, cash equivalents and restricted cash at beginning of period, and $27.3 billion of Interest-earning deposits with banks in Cash, cash equivalents and restricted cash at end of period. Investments We hold interests in various types of investments. The accounting for these investments is dependent on a number of factors including, but not limited to, items such as: • Ownership interest, • Our plans for the investment, and • The nature of the investment. Debt Securities Debt securities are recorded on a trade-date basis. We classify debt securities as either trading, held-to-maturity or available-for-sale. Debt securities that we purchase for certain risk management activities or customer-related trading activities are classified as trading securities and reported in the Other assets line item on our Consolidated Balance Sheet at fair value. For debt securities classified as trading, realized and unrealized gains and losses within our capital markets business are included in Capital markets and advisory noninterest income; other realized and unrealized gains and losses are included in Other noninterest income. We classify debt securities as held-to-maturity when we have the positive intent and ability to hold the securities to maturity, and carry them at amortized cost, less any allowance. Debt securities not classified as held-to-maturity or trading are classified as securities available-for-sale and are carried at fair value. Unrealized gains and losses on available-for-sale securities are included in AOCI net of income taxes. We include all interest on debt securities, including amortization of premiums and accretion of discounts on investment securities, in net interest income using the constant effective yield method generally calculated over the contractual lives of the securities. Effective yields generally reflect the effective interest rate implicit in the security at the date of acquisition. We compute gains and losses realized on the sale of available-for-sale debt securities on a specific security basis. These securities gains and losses are included in Securities gains (losses) on the Consolidated Income Statement. The CECL standard requires expected credit losses on both held-to-maturity and available-for-sale securities to be recognized through a valuation allowance, ACL, instead of as a direct write-down to the amortized cost basis of the security. An available-for-sale security is considered impaired if the fair value is less than its amortized cost basis. If any portion of the decline in fair value is related to credit, the amount of allowance is determined as the portion related to credit, limited to the difference between the amortized cost basis and the fair value of the security. If we have the intent to sell, or believe it is more likely than not we will be required to sell an impaired available-for-sale security before recovery of the amortized cost basis, the credit loss is recorded as a direct write-down of the amortized cost basis. Credit losses on investment securities are recognized through Provision for credit losses on our Consolidated Income Statement. Declines in the fair value of available-for-sale securities that are not considered credit related are recognized in AOCI on our Consolidated Balance Sheet. We consider a security to be past due in terms of payment based on its contractual terms. A security may be placed on nonaccrual, with interest no longer recognized until received, when collectability of principal or interest is doubtful. As of December 31, 2024, nonaccrual or past due held-to-maturity and available-for-sale securities were immaterial. A security may be partially or fully charged-off against the allowance if it is determined to be uncollectible, including for an available-for-sale security, if we have the intent to sell or believe it is more likely than not we will be required to sell the security before recovery of the amortized cost basis. Recoveries of previously charged-off available-for-sale securities are recognized when received, while recoveries on held-to-maturity securities are recognized when expected. See the Allowance for Credit Losses section of this Note 1 for further discussion regarding the methodologies used to determine the allowance for investment securities. See Note 2 Investment Securities for additional information about the investment securities portfolio and the related ACL. Equity Securities and Partnership Interests We account for equity securities, equity investments, private equity investments, and investments in limited partnerships, limited liability companies and other investments that are not required to be consolidated under one of the following methods: • We use the equity method for general and limited partner ownership interests and limited liability companies in which we are considered to have significant influence over the operations of the investee. Under the equity method, we record our equity ownership share of net income or loss of the investee in Noninterest income and any dividends received on equity method investments are recorded as a reduction to the investment balance. When an equity method investment experiences an other-than-temporary decline in value, we record a loss on the investment. • We measure equity securities that have a readily determinable fair value at fair value through Net income. We do not consider contractual restrictions on the sale of an equity security when measuring fair value. Both realized and unrealized gains and losses are included in Noninterest income. Dividend income on these equity securities is included in Other interest income on our Consolidated Income Statement. • We generally use the practicability exception to fair value measurement for all other investments without a readily determinable fair value. When we elect this alternative measurement method, the investment is recorded at cost and the carrying value is adjusted for impairment, if any, plus or minus changes in value resulting from observable price changes in orderly transactions for identical or similar instruments of the same issuer. Adjustments to fair value based on changes in observable price are recorded in Other noninterest income. These investments are written down to fair value if a qualitative assessment indicates impairment and the fair value is less than the carrying value. The amount of the write-down is accounted for as a loss included in Other noninterest income. Distributions received on these investments are included in Other noninterest income. Investments described above are included in Equity investments on our Consolidated Balance Sheet. Private Equity Investments We report private equity investments, which include direct investments in companies, affiliated partnership interests and indirect investments in private equity funds, at estimated fair value. These estimates are based on available information and may not necessarily represent amounts that we will ultimately realize through distribution, sale or liquidation of the investments. The valuation procedures applied to direct investments and indirect investments are detailed in Note 14 Fair Value. We include all private equity investments within Equity investments on our Consolidated Balance Sheet. Changes in fair value of private equity investments are recognized in Other noninterest income. We consolidate affiliated partnerships when we have determined that we have control of the partnership or are the primary beneficiary if the entity is a VIE. The portion we do not own is reflected in Noncontrolling interests on our Consolidated Balance Sheet. Loans Loans are classified as held for investment when management has both the intent and ability to hold the loan for the foreseeable future, or until maturity or payoff. Management’s intent and view of the foreseeable future may change based on changes in business strategies, the economic environment, market conditions and the availability of government programs. Measurement of delinquency status is based on the contractual terms of each loan. Loans that are 30 days or more past due are considered delinquent. The CARES Act credit reporting rules, which required exceptions to this policy, expired in the third quarter of 2023. As such, delinquency status at December 31, 2023 is being reported for all loans based on the contractual terms of each loan. Prior period amounts continue to be presented in accordance with the credit reporting rules under the CARES Act, which required certain loans modified due to pandemic-related hardships to not be reported as past due based on the contractual terms of the loan, even when borrowers may not have made payments on their loans during the modification period. Loans held for investment, excluding PCD loans, are recorded at amortized cost basis unless we elect to measure these under the fair value option. Amortized cost basis represents principal amounts outstanding, net of unearned income, unamortized deferred fees and costs on originated loans, premiums or discounts on purchased loans and charge-offs. Amortized cost basis does not include accrued interest, as we include accrued interest in Other assets on our Consolidated Balance Sheet. Interest on performing loans is accrued based on the principal amount outstanding and recorded in Interest income as earned using the constant effective yield method over the contractual life. Loan origination fees, direct loan origination costs, and loan premiums and discounts are deferred and accreted or amortized into net interest income using the constant effective yield method, over the contractual life of the loan. Loans under the fair value option are reported at their fair value, with any changes to fair value reported as Noninterest income on the Consolidated Income Statement and are excluded from measurement of ALLL. In addition to originating loans, we also acquire loans through the secondary loan market, portfolio purchases or acquisitions of other financial services companies. Certain acquired loans that have experienced a more-than-insignificant deterioration of credit quality since origination ( i.e. , PCD) are recognized at an amortized cost basis equal to their purchase price plus an ALLL measured at the acquisition date. PNC considers a variety of factors in connection with the identification of more-than-insignificant deterioration in credit quality, including but not limited to nonperforming status, delinquency, risk ratings and other qualitative factors that indicate deterioration in credit quality since origination. Subsequent decreases in expected cash flows that are attributable, at least in part, to credit quality are recognized through a charge to the provision for credit losses resulting in an increase in the ALLL. Subsequent increases in expected cash flows are recognized as a provision recapture of previously recorded ALLL . We consider a loan to be collateral dependent when we determine that substantially all of the expected cash flows will be generated from the operation or sale of the collateral underlying the loan, or when the borrower is experiencing financial difficulty and we have elected to measure the loan at the estimated fair value of collateral (less costs to sell if sale or foreclosure of the property is expected). Additionally, we consider a loan to be collateral dependent when foreclosure or liquidation of the underlying collateral is probable. On January 1, 2023, we adopted ASU 2022-02 Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures (ASU 2022-02), which eliminates the accounting guidance for TDRs and replaces TDRs with loan modifications to borrowers experiencing financial difficulty, or FDMs. FDMs occur as a result of our loss mitigation activities. A variety of solutions are offered to borrowers, including loan modifications that may result in principal forgiveness, interest rate reductions, term extensions, payment delays, repayment plans or combinations thereof: • Principal forgiveness includes principal and accrued interest forgiveness. • Interest rate reductions include modifications where the interest rate is reduced and/or interest is deferred. • Term extensions extend the original contractual maturity date of the loan. • Payment delays consist of modifications where we expect to collect contractual amounts due but that result in a delay in the receipt of payments specified under the original loan terms. We generally consider payment delays to be insignificant when the delay is three months or less. • Repayment plans are offered for some of our credit card and unsecured line of credit products, which provide for a reduced payment and interest rate for a specific period of time. Additionally, modifications to borrowers experiencing financial difficulty also result from borrowers that have been discharged from personal liability through Chapter 7 bankruptcy and have not formally reaffirmed their obligations to us, and those that enter into trial modifications. FDMs exclude loans held for sale and loans accounted for under the fair value option. Our disclosed FDM population also excludes government insured or guaranteed education loans as loss mitigation activities for these loans are either required by law or they are considered separate from PNC’s loss mitigation treatments. Commercial loans with an appraised value of collateral that exceeds the loan value, loans with guarantor support, and residential mortgage government insured or guaranteed loans are included in our disclosed population of FDMs when those loan modifications are granted to a borrower experiencing financial difficulty. FDMs continue to be subject to our existing nonaccrual policies. Expected losses or recoveries on FDMs have been factored into the ALLL estimates for each loan class under the methodologies described in this Note 1. Refer to Note 3 Loans and Related Allowance for Credit Losses for more information on FDMs. Prior to the adoption of ASU 2022-02, a TDR was considered a loan whose terms had been restructured in a manner that granted a concession to a borrower experiencing financial difficulty. A concession had been granted when we did not expect to collect all amounts due, including original interest accrued at the original contract rate, as a result of the restructuring, or there was a delay in payment that was more-than-insignificant. TDRs resulted from our loss mitigation activities, and included rate reductions, principal forgiveness, postponement/reduction of scheduled amortization and extensions, which were intended to minimize economic loss and to avoid foreclosure or repossession of collateral. Additionally, TDRs also resulted from borrowers that had been discharged from personal liability through Chapter 7 bankruptcy and had not formally reaffirmed their loan obligations to us. In those situations where principal is forgiven, the amount of such principal forgiveness was immediately charged-off. Additionally, for periods prior to 2023, potential incremental losses or recoveries on TDRs had been factored into the ALLL estimates for each loan class under the methodologies described in this Note 1. Once a loan became a TDR, it would continue to be reported as a TDR until it was ultimately repaid in full, the collateral was foreclosed upon or it fully charged-off. PNC excluded loans held for sale, loans accounted for under the fair value option, and certain government insured or guaranteed loans from our TDR population. See the following for additional information related to loans, including further discussion regarding our policies, the methodologies and significant inputs used to determine the ALLL and additional details on the composition of our loan portfolio: • Nonperforming Loans and Leases section of this Note 1, • Allowance for Credit Losses section of this Note 1, and • Note 3 Loans and Related Allowance for Credit Losses in this Report. Nonperforming Loans and Leases The matrix that follows summarizes our policies for classifying certain loans as nonperforming loans and/or discontinuing the accrual of loan interest income. Commercial Loans classified as nonperforming and accounted for as nonaccrual • Loans accounted for at amortized cost where: – The loan is 90 days or more past due. – The loan is rated substandard or worse due to the determination that full collection of principal and interest is not probable as demonstrated by the following conditions: • The collection of principal or interest is 90 days or more past due, • Reasonable doubt exists as to the certainty of the borrower’s future debt service ability, according to the terms of the credit arrangement, regardless of whether 90 days have passed or not, • The borrower has filed, or will likely file for bankruptcy, and it is not probable the borrower will be able to repay contractual payments due under the loan, • The bank advances additional funds to cover principal or interest, • We are in the process of liquidating a commercial borrower, or • We are pursuing remedies under a guarantee. Loans excluded from nonperforming classification but accounted for as nonaccrual • Loans accounted for under the fair value option and full collection of principal and interest is not probable. • Loans accounted for at the lower of cost or market less costs to sell (held for sale) and full collection of principal and interest is not probable. Loans excluded from nonperforming classification and nonaccrual accounting • Loans that are well secured and in the process of collection. • Certain government insured or guaranteed loans where substantially all principal and interest is insured. • Commercial purchasing card assets that do not accrue interest. Consumer Loans classified as nonperforming and accounted for as nonaccrual • Loans accounted for at amortized cost where full collection of contractual principal and interest is not deemed probable as demonstrated in the policies below: – The loan is 90 days past due for home equity and installment loans, and 180 days past due for well- secured residential real estate loans, – The loan had been modified and classified as a TDR prior to the adoption of ASU 2022-02, – The loan has been modified due to a borrower experiencing financial difficulty and is not government insured or guaranteed, – The loan has been modified to defer prior payments in forbearance to the end of the loan term, – Notification of bankruptcy has been received, – The bank holds a subordinate lien position in the loan and the first lien mortgage loan is seriously stressed ( i.e. , 90 days or more past due), – Other loans within the same borrower relationship have been placed on nonaccrual or charge-offs have been taken on them, – The bank has ordered the repossession of non-real estate collateral securing the loan, or – The bank has charged-off the loan to the value of the collateral. Loans excluded from nonperforming classification but accounted for as nonaccrual • Loans accounted for under the fair value option and full collection of principal and interest is not probable. • Loans accounted for at the lower of cost or market less costs to sell (held for sale) and full collection of principal and interest is not probable. Loans excluded from nonperforming classification and nonaccrual accounting • Certain government insured or guaranteed loans where substantially all principal and interest is insured. • Residential real estate loans that are well secured and in the process of collection. • Consumer loans and lines of credit, not secured by residential real estate or automobiles, as permitted by regulatory guidance. Accounting for Nonperforming Assets and Leases and Other Nonaccrual Loans For nonaccrual loans, interest income accrual and deferred fee/cost recognition is discontinued. Additionally, depending on whether the accrued interest has been incorporated into the ACL estimates, as discussed in the Accrued Interest section of this Note 1, the accrued and uncollected interest is either reversed through net interest income (if a CECL reserve is not maintained for accrued interest) or charged-off against the allowance (if a CECL reserve is maintained for accrued interest), except for credit cards, where we reverse any accrued interest through net interest income at the time of a charge-off, as per industry standard practice. Nonaccrual loans that are also collateral dependent may be charged-off to reduce the basis to the fair value of collateral less costs to sell. If payment is received on a nonaccrual loan, generally the payment is first applied to the remaining principal balance. Payments are then applied to recover any charged-off amounts related to the loan. Finally, if both the principal balance and any charge-offs have been recovered, then the payment will be recorded as interest income. For certain consumer loans, the receipt of interest payments is recognized as interest income on a cash basis. Cash basis income recognition is applied if a loan’s amortized cost basis is deemed fully collectible and the loan has performed for at least six months. For TDRs prior to the adoption of ASU 2022-02, payments were applied based upon their contractual terms unless the related loan was deemed non-performing. TDRs were generally included in nonperforming and nonaccrual loans. However, after a reasonable period of time, generally six months, in which the loan performed under restructured terms and met other performance indicators, it was returned to performing/accruing status. TDRs resulting from (i) borrowers that had been discharged from personal liability through Chapter 7 bankruptcy and had not formally reaffirmed their loan obligations to us, and (ii) borrowers that were not currently obligated to make both principal and interest payments under the restructured terms were not returned to accruing status. For FDMs, payments are applied based upon their contractual terms unless the related loan is deemed nonperforming. Consumer loans modified due to a borrower experiencing financial difficulty are generally included in nonperforming and nonaccrual loans if they are not government insured or guaranteed. Commercial loans modified due to a borrower experiencing financial difficulty may be included in nonperforming and nonaccrual loans, subject to the bank’s policies for nonperforming loans and leases. FDMs may remain on accruing status if the bank expects to collect all contractual principal and interest due under the loan and the borrower remains current. Collateral coverage, guarantor and/or sponsor support and debt service coverage are factors that may be considered in the accruing status of an FDM loan. FDM loans classified as nonperforming and nonaccrual loans may return to accruing status after a reasonable period of time, generally six months, in which the loan performs under modified terms and meets other performance indicators. This return to accruing status demonstrates that the bank expects to collect all of the loan’s remaining contractual principal and interest. Loan modifications granted to borrowers experiencing financial difficulty resulting from (i) borrowers that have been discharged from personal liability through Chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to us, and (ii) borrowers that are not currently obligated to make both principal and interest payments under the modified terms are not returned to accrual status. Other nonaccrual loans are generally not returned to accruing status until the borrower has performed in accordance with the loan’s contractual terms and other performance indicators for at least six months, the period of time which was determined to demonstrate the expected collectability of the loan’s remaining contractual principal and interest. Nonaccrual loans with partially charged-off principal may return to accruing status if the loan performs after a reasonable period of time, generally six months, and the loan meets other performance indicators. When a nonperforming loan is returned to accruing status, it is then considered a performing loan. Nonaccrual loans with fully charged-off principal are prohibited from returning to accruing status. Foreclosed assets consist of any asset seized or property acquired through a foreclosure proceeding or acceptance of a deed-in-lieu of foreclosure. OREO comprises principally residential and commercial real estate properties obtained in partial or total satisfaction of loan obligations. After obtaining a foreclosure judgment, or in some jurisdictions the initiation of proceedings under a power of sale in the loan instruments, the property will be sold. When we are awarded title or completion of deed-in-lieu of foreclosure, we transfer the loan to foreclosed assets included in Other assets on our Consolidated Balance Sheet. Property obtained in satisfaction of a loan is initially recorded at estimated fair value less cost to sell. Based upon the estimated fair value less cost to sell, the amortized cost basis of the loan is adjusted and a charge-off/recovery is recognized to the ALLL. We estimate fair values primarily based on appraisals or sales agreements with third parties. Subsequently, foreclosed assets are valued at the lower of the amount recorded at the acquisition date or estimated fair value less cost to sell. Valuation adjustments on these assets and gains or losses realized from disposition of such property are reflected in Other noninterest expense. For certain mortgage loans that have a government guarantee, we establish a separate other receivable upon foreclosure. The receivable is measured based on the loan balance (inclusive of principal and interest) that is expected to be recovered from the guarantor. Charge-offs We generally charge-off commercial (commercial and industrial, commercial real estate and equipment lease financing) nonperforming loans when we determine that a specific loan, or portion thereof, is uncollectible. This determination is based on the specific facts and circumstances of the individual loans. In making this determination, we consider the viability of the business or project as a going concern, the past due status when the asset is not well secured, the expected cash flows to repay the loan, the value of the collateral less costs to sell, and the ability and willingness of any guarantors to perform. For commercial loans and leases less than a defined dollar threshold, balances are generally charged-off in full after 180 days for loans and 120 days for leases. We generally charge-off secured consumer (home equity, residential real estate and automobile) nonperforming loans to the fair value of collateral less costs to sell if the fair value is lower than the amortized cost basis of the loan outstanding and the delinquency of the loan, combined with other risk factors such as bankruptcy or lien position, indicates that the loan (or a portion thereof) is uncollectible as per our historical experience. These nonperforming loans would also be charged-off when the collateral has been repossessed. We charge-off secured consumer loans no later than 180 days past due. Most consumer loans and lines of credit, not secured by automobiles or residential real estate, are charged-off once they have reached 120-180 days past due. Depending on the class of financing receivable, we may use a combination of internal and external valuation sources in determining the value of collateral. Our use of these valuation techniques is dependent upon the collateral securing the loan, which varies by loan class, as explained below. For commercial and industrial loans, common forms of collateral include short-term assets, such as accounts receivable, inventory and securities, and long-lived assets, such as equipment, owner-occupied real estate and other business assets. Depending on the size of the loan and composition of the collateral pool, we may require an appraisal or, depending on the type of collateral, a field examination at loan origination. For loans with an identified weakness and other characteristics as demonstrated by our internal classifications and policies, the frequency of appraisal updates is specific to collateral type and size of loan. These appraisal updates aid in determining the timing and amount of a charge-off, if deemed necessary. For loans secured by machinery and equipment, an orderly liquidation value appraisal is required bi-annually while the loan continues to demonstrate weakness. In the off year, we obtain desktop appraisal values which may be informe

Investment Securities

Investment Securities	12 Months Ended
	Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Investment Securities	I NVESTMENT S ECURITIES The following table summarizes our available-for-sale and held-to-maturity portfolios by major security type: Table 43: Investment Securities Summary (a)(b) December 31, 2024 December 31, 2023 In millions Amortized Unrealized Fair Amortized Unrealized Fair Gains Losses Gains Losses Securities Available-for-sale U.S. Treasury and government agencies $ 23,962 $ 25 $ (436) $ 23,551 $ 7,596 $ 22 $ (667) $ 6,951 Residential mortgage-backed Agency 33,589 28 (2,991) 30,626 30,643 46 (2,809) 27,880 Non-agency 504 105 (6) 603 585 118 (7) 696 Commercial mortgage-backed Agency 2,077 1 (133) 1,945 1,680 1 (135) 1,546 Non-agency 706 (15) 691 913 1 (45) 869 Asset-backed 2,353 42 (3) 2,392 1,092 25 (1) 1,116 Other 2,307 42 (118) 2,231 2,844 44 (161) 2,727 Total securities available-for-sale $ 65,498 $ 243 $ (3,702) $ 62,039 $ 45,353 $ 257 $ (3,825) $ 41,785 Securities Held-to-Maturity U.S. Treasury and government agencies $ 29,420 $ (896) $ 28,524 $ 36,529 $ 9 $ (1,141) $ 35,397 Residential mortgage-backed Agency 40,171 $ 16 (3,696) 36,491 42,686 92 (2,733) 40,045 Non-agency 240 (21) 219 259 (17) 242 Commercial mortgage-backed Agency 955 3 (28) 930 939 9 (23) 925 Non-agency 836 3 (7) 832 1,373 2 (27) 1,348 Asset-backed 3,380 37 (16) 3,401 5,890 17 (39) 5,868 Other 2,691 19 (49) 2,661 3,108 50 (35) 3,123 Total securities held-to-maturity (d) $ 77,693 $ 78 $ (4,713) $ 73,058 $ 90,784 $ 179 $ (4,015) $ 86,948 (a) At December 31, 2024, the accrued interest associated with our held-to-maturity and available-for-sale portfolios totaled $242 million and $328 million, respectively. The comparable amounts at December 31, 2023 were $281 million and $144 million, respectively. These amounts are included in Other assets (b) Credit ratings represent a primary credit quality indicator used to monitor and manage credit risk. Of our total securities portfolio, 97% were rated AAA/AA at both December 31, 2024 and 2023. (c) Amortized cost is presented net of allowance of $86 million for securities available-for-sale, primarily related to non-agency commercial mortgage-backed securities, and $5 million for securities held-to-maturity at December 31, 2024. The comparable amounts at December 31, 2023 were $86 million and $6 million, respectively. (d) Held-to-maturity securities transferred from available-for-sale are included in held-to-maturity at fair value at the time of the transfer. The amortized cost of held-to-maturity securities included net unrealized losses of $3.4 billion at December 31, 2024, related to securities transferred, which are offset in AOCI, net of tax. The comparable amount at December 31, 2023 was $4.2 billion. The fair value of investment securities is impacted by interest rates, credit spreads, market volatility and liquidity conditions. Securities available-for-sale are carried at fair value with net unrealized gains and losses included in Total shareholders’ equity as AOCI, unless credit-related. Net unrealized gains and losses are determined by taking the difference between the fair value of a security and its amortized cost, net of any allowance. Securities held-to-maturity are carried at amortized cost, net of any allowance. Investment securities at December 31, 2024 included $1.2 billion of net unsettled purchases that represent non-cash investing activity, and accordingly, are not reflected on the Consolidated Statement of Cash Flows. The comparable amount for December 31, 2023 was less than $0.1 billion. We maintain the allowance for investment securities at levels that we believe to be appropriate as of the balance sheet date to absorb expected credit losses on our portfolio. As of December 31, 2024, the allowance for investment securities was $91 million and primarily related to non-agency commercial mortgage-backed securities in the available-for-sale portfolio. The comparable amount at December 31, 2023 was $92 million. See Note 1 Accounting Policies for a discussion of the methodologies used to determine the allowance for investment securities. At December 31, 2024, AOCI included pretax losses of $275 million from derivatives that hedged the purchase of investment securities classified as held-to-maturity. The losses will be accreted to interest income as an adjustment of yield on the securities. Table 44 presents the gross unrealized losses and fair value of securities available-for-sale that do not have an associated allowance for investment securities at December 31, 2024 and 2023. These securities are segregated between investments that had been in a continuous unrealized loss position for less than twelve months and twelve months or more, based on the point in time that the fair value declined below the amortized cost basis. All securities included in the table have been evaluated to determine if a credit loss exists. As part of that assessment, as of December 31, 2024, we concluded that we do not intend to sell and believe we will not be required to sell these securities prior to recovery of the amortized cost basis. Table 44: Gross Unrealized Loss and Fair Value of Securities Available-for-Sale Without an Allowance for Credit Losses Unrealized loss position Unrealized loss position Total In millions Unrealized Fair Unrealized Fair Unrealized Fair December 31, 2024 U.S. Treasury and government agencies $ (70) $ 17,500 $ (366) $ 1,824 $ (436) $ 19,324 Residential mortgage-backed Agency (65) 6,163 (2,926) 19,595 (2,991) 25,758 Non-agency (3) 41 (3) 41 Commercial mortgage-backed Agency (8) 501 (125) 1,388 (133) 1,889 Non-agency (15) 559 (15) 559 Asset-backed (2) 226 (1) 8 (3) 234 Other (2) 99 (98) 1,734 (100) 1,833 Total securities available-for-sale $ (147) $ 24,489 $ (3,534) $ 25,149 $ (3,681) $ 49,638 December 31, 2023 U.S. Treasury and government agencies $ (666) $ 6,035 $ (666) $ 6,035 Residential mortgage-backed Agency $ (4) $ 1,015 (2,805) 24,306 (2,809) 25,321 Non-agency (1) 15 (4) 84 (5) 99 Commercial mortgage-backed Agency (135) 1,495 (135) 1,495 Non-agency (45) 731 (45) 731 Asset-backed (1) 9 (1) 9 Other (3) 78 (136) 2,106 (139) 2,184 Total securities available-for-sale $ (8) $ 1,108 $ (3,792) $ 34,766 $ (3,800) $ 35,874 Information related to gross realized securities gains and losses from the sales of securities is set forth in the following table: Table 45: Gains (Losses) on Sales of Securities Available-for-Sale Year ended December 31 Gross Gains Gross Losses Net Gains (Losses) Tax Expense (Benefit) 2024 $ 2 $ (502) $ (500) $ (105) 2023 $ (2) $ (2) 2022 $ 11 $ (18) $ (7) $ (1) In the second quarter of 2024, we sold available-for-sale securities with a market value of $3.8 billion, resulting in a loss of $497 million. The following table presents, by remaining contractual maturity, the amortized cost, fair value and weighted-average yield of debt securities at December 31, 2024: Table 46: Contractual Maturity of Debt Securities 1 Year or After 1 Year After 5 Years After 10 Total Dollars in millions Securities Available-for-sale U.S. Treasury and government agencies $ 512 $ 10,325 $ 10,849 $ 2,276 $ 23,962 Residential mortgage-backed Agency 4 226 3,627 29,732 33,589 Non-agency 18 486 504 Commercial mortgage-backed Agency 73 1,101 475 428 2,077 Non-agency 1 103 84 518 706 Asset-backed 850 319 1,184 2,353 Other 283 1,623 261 140 2,307 Total securities available-for-sale at amortized cost $ 873 $ 14,228 $ 15,633 $ 34,764 $ 65,498 Fair value $ 870 $ 14,074 $ 15,287 $ 31,808 $ 62,039 Weighted-average yield, GAAP basis (a) 2.75 % 3.69 % 4.10 % 3.73 % 3.80 % Securities Held-to-Maturity U.S. Treasury and government agencies $ 8,211 $ 18,783 $ 1,563 $ 863 $ 29,420 Residential mortgage-backed Agency 7 290 39,874 40,171 Non-agency 240 240 Commercial mortgage-backed Agency 278 469 208 955 Non-agency 39 797 836 Asset-backed 967 1,393 1,020 3,380 Other 304 796 322 1,269 2,691 Total securities held-to-maturity at amortized cost $ 8,515 $ 20,870 $ 4,037 $ 44,271 $ 77,693 Fair value $ 8,448 $ 20,271 $ 3,856 $ 40,483 $ 73,058 Weighted-average yield, GAAP basis (a) 1.36 % 1.72 % 3.05 % 2.93 % 2.44 % (a) Weighted-average yields are based on amortized cost with effective yields weighted for the contractual maturity of each security. Actual maturities and yields may differ as certain securities may be prepaid. The following table presents the fair value of securities that have been either pledged to or accepted from others to collateralize outstanding borrowings: Table 47: Fair Value of Securities Pledged and Accepted as Collateral In millions December 31 December 31 Pledged to others $ 69,330 $ 29,878 Accepted from others: Permitted by contract or custom to sell or repledge $ 1,231 $ 755 Permitted amount repledged to others $ 1,231 $ 755

Loans and Related Allowance for

Loans and Related Allowance for Credit Losses	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
Loans and Related Allowance for Credit Losses	L OANS A ND R ELATED A LLOWANCE F OR C REDIT L OSSES Loan Portfolio Our loan portfolio consists of two portfolio segments – Commercial and Consumer. Each of these segments comprises multiple loan classes. Classes are characterized by similarities in risk attributes and the manner in which we monitor and assess credit risk. Commercial Consumer • Commercial and industrial • Residential real estate • Commercial real estate • Home equity • Equipment lease financing • Automobile • Credit card • Education • Other consumer See Note 1 Accounting Policies for additional information on our loan related policies. Credit Quality We closely monitor economic conditions and loan performance trends to manage and evaluate our exposure to credit risk within the loan portfolio based on our defined loan classes. In doing so, we use several credit quality indicators, including, but not limited to, trends in delinquency rates, nonperforming status, analyses of PD and LGD ratings, updated credit scores and originated and updated LTV ratios. We manage credit risk based on the risk profile of the borrower, repayment sources, underlying collateral and other support given current events, economic conditions and expectations. We refine our practices to address operating environment changes such as inflation levels, industry specific risks, interest rate levels, the level of consumer savings and deposit balances, and structural and secular changes such as those arising from the pandemic. We offer loan modifications and collection programs to assist our customers, enhance support and mitigate losses. Table 48 presents the composition and delinquency status of our loan portfolio at December 31, 2024 and December 31, 2023. Loan delinquencies include government insured or guaranteed loans and loans accounted for under the fair value option. Table 48: Analysis of Loan Portfolio (a) (b) Accruing Dollars in millions Current or Less 30-59 60-89 90 Days Total Nonperforming Fair Value Total Loans December 31, 2024 Commercial Commercial and industrial $ 174,988 $ 159 $ 43 $ 72 $ 274 $ 528 $ 175,790 Commercial real estate 32,657 25 18 43 919 33,619 Equipment lease financing 6,687 41 12 53 15 6,755 Total commercial 214,332 225 73 72 370 1,462 216,164 Consumer Residential real estate 45,134 234 106 188 528 (c) 278 $ 475 46,415 Home equity 25,351 71 26 97 482 61 25,991 Automobile 15,155 83 22 9 114 86 15,355 Credit card 6,696 49 38 81 168 15 6,879 Education 1,557 25 15 39 79 (c) 1,636 Other consumer 3,998 10 8 8 26 3 4,027 Total consumer 97,891 472 215 325 1,012 864 536 100,303 Total $ 312,223 $ 697 $ 288 $ 397 $ 1,382 $ 2,326 $ 536 $ 316,467 Percentage of total loans 98.66 % 0.22 % 0.09 % 0.13 % 0.44 % 0.73 % 0.17 % 100.00 % December 31, 2023 Commercial Commercial and industrial $ 176,796 $ 104 $ 45 $ 76 $ 225 $ 559 $ 177,580 Commercial real estate 34,685 7 9 16 735 35,436 Equipment lease financing 6,480 41 8 49 13 6,542 Total commercial 217,961 152 53 85 290 1,307 219,558 Consumer Residential real estate 46,159 282 101 192 575 (c) 294 $ 516 47,544 Home equity 25,533 63 27 90 458 69 26,150 Automobile 14,638 91 20 7 118 104 14,860 Credit card 6,991 54 39 86 179 10 7,180 Education 1,850 27 19 49 95 (c) 1,945 Other consumer 4,227 16 11 10 37 7 4,271 Total consumer 99,398 533 217 344 1,094 873 585 101,950 Total $ 317,359 $ 685 $ 270 $ 429 $ 1,384 $ 2,180 $ 585 $ 321,508 Percentage of total loans 98.71 % 0.21 % 0.08 % 0.13 % 0.43 % 0.68 % 0.18 % 100.00 % (a) Amounts in table represent loans held for investment and do not include any associated ALLL. (b) The accrued interest associated with our loan portfolio totaled $1.3 billion and $1.5 billion at December 31, 2024 and 2023, respectively. These amounts are included in Other assets (c) Past due loan amounts include government insured or guaranteed residential real estate loans and education loans totaling $0.3 billion and $0.1 billion at both December 31, 2024 and 2023, respectively. (d) Consumer loans accounted for under the fair value option for which we do not expect to collect substantially all principal and interest are subject to nonaccrual accounting and classification upon meeting any of our nonaccrual policy criteria. Given that these loans are not accounted for at amortized cost, they have been excluded from the nonperforming loan population. (e) Includes unearned income, unamortized deferred fees and costs on originated loans and premiums or discounts on purchased loans totaling $1.0 billion at both December 31, 2024 and 2023, respectively. (f) Collateral dependent loans totaled $1.6 billion and $1.4 billion at December 31, 2024 and 2023, respectively. In the normal course of business, we originate or purchase loan products with contractual characteristics that, when concentrated, may increase our exposure as a holder of those loan products. Possible product features that may create a concentration of credit risk would include a high original or updated LTV ratio, term lengths that may expose the borrower to payment terms above market interest rates and interest-only loans, among others. We originate interest-only loans to commercial borrowers. Such credit arrangements are usually designed to match borrower cash flow expectations ( e.g. , working capital lines, revolvers). These products are standard in the financial services industry and product features are considered during the underwriting process to mitigate the increased risk that borrowers may not be able to make interest and principal payments when due as a result of the interest-only feature. We do not believe that these product features create a concentration of credit risk. At December 31, 2024, we pledged unpaid principal balances in the amounts of $43.4 billion of commercial and other loans to the Federal Reserve Bank and $89.0 billion of residential real estate and other loans to the FHLB as collateral for the ability to borrow, if necessary. The comparable amounts at December 31, 2023 were $51.3 billion and $89.5 billion, respectively. Nonperforming Assets Nonperforming assets include nonperforming loans and leases, OREO and foreclosed assets. Nonperforming loans are those loans accounted for at amortized cost whose credit quality has deteriorated to the extent that full collection of contractual principal and interest is not probable. Interest income is generally not recognized on these loans. Loans accounted for under the fair value option are reported as performing loans; however, when nonaccrual criteria is met, interest income is not recognized on these loans. Additionally, certain government insured or guaranteed loans for which we expect to collect substantially all principal and interest are not reported as nonperforming loans and continue to accrue interest. See Note 1 Accounting Policies for additional information on our nonperforming loan and lease policies. The following table presents our nonperforming assets as of December 31, 2024 and 2023: Table 49: Nonperforming Assets Dollars in millions December 31, 2024 December 31, 2023 Nonperforming loans Commercial $ 1,462 $ 1,307 Consumer (a) 864 873 Total nonperforming loans (b) 2,326 2,180 OREO and foreclosed assets 31 36 Total nonperforming assets $ 2,357 $ 2,216 Nonperforming loans to total loans 0.73 % 0.68 % Nonperforming assets to total loans, OREO and foreclosed assets 0.74 % 0.69 % Nonperforming assets to total assets 0.42 % 0.39 % (a) Excludes most unsecured consumer loans and lines of credit, which are charged-off after 120 to 180 days past due and are not placed on nonperforming status. (b) Nonperforming loans for which there is no related ALLL totaled $0.6 billion and $0.5 billion at December 31, 2024 and 2023, respectively. This primarily includes loans with a fair value of collateral that exceeds the amortized cost basis. Additional Credit Quality Indicators by Loan Class Commercial and Industrial For commercial and industrial loans, we monitor the performance of the borrower in a disciplined and regular manner based upon the level of credit risk inherent in the loan. To evaluate the level of credit risk, we assign an internal risk rating reflecting the borrower’s PD and LGD. This two-dimensional credit risk rating methodology provides granularity in the risk monitoring process. These ratings are generally reviewed and updated at least once per year. For small balance homogeneous pools of commercial and industrial loans and leases, we apply scoring techniques to assist in determining the PD. The combination of the PD and LGD ratings assigned to commercial and industrial loans, capturing both the combination of expectations of default and loss severity in the event of default, reflects credit quality characteristics as of the reporting date and are used as inputs into our loss forecasting process. Based upon the amount of the lending arrangement and our risk rating assessment, we follow a formal schedule of written periodic reviews. Quarterly, we conduct formal reviews of a market’s or business unit’s loan portfolio, focusing on those loans which we perceive to be of higher risk, based upon PD and LGD, or loans for which credit quality is weakening. If circumstances warrant, it is our practice to review any customer obligation and its level of credit risk more frequently. We attempt to proactively manage our loans by using various procedures that are customized to the risk of a given loan, including ongoing outreach, contact, and assessment of obligor financial conditions, collateral inspection and appraisal. Commercial Real Estate We manage credit risk associated with our commercial real estate projects and commercial mortgages similar to commercial and industrial loans by evaluating PD and LGD. Risks associated with commercial real estate projects and commercial mortgage activities tend to be correlated to the loan structure and collateral location, project progress and business environment. As a result, these attributes are also monitored and utilized in assessing credit risk. As with the commercial and industrial loan class, a formal schedule of periodic reviews is also performed to assess market/geographic risk and business unit/industry risk. Often as a result of these reviews, more in-depth reviews and increased scrutiny are placed on areas of higher risk, such as adverse changes in risk ratings, deteriorating operating trends, and/or areas that concern management. These reviews are designed to assess risk and facilitate actions to mitigate such risks. Equipment Lease Financing We manage credit risk associated with our equipment lease financing loan class similar to commercial and industrial loans by analyzing PD and LGD. Based upon the dollar amount of the lease and the level of credit risk, we follow a formal schedule of periodic reviews. Generally, this occurs quarterly, although we have established practices to review such credit risk more frequently if circumstances warrant. Our review process entails analysis of the following factors: equipment value/residual value, exposure levels, jurisdiction risk, industry risk, guarantor requirements and regulatory compliance as applicable. The following table presents credit quality indicators for our commercial loan classes: Table 50: Commercial Credit Quality Indicators (a) Term Loans by Origination Year December 31, 2024 In millions 2024 2023 2022 2021 2020 Prior Revolving Loans Revolving Loans Converted to Term Total Commercial and industrial Pass Rated $ 22,145 $ 13,815 $ 17,043 $ 5,275 $ 4,594 $ 11,270 $ 91,389 $ 522 $ 166,053 Criticized 761 878 1,856 601 144 580 4,868 49 9,737 Total commercial and industrial loans 22,906 14,693 18,899 5,876 4,738 11,850 96,257 571 175,790 Gross charge-offs (b) 22 (c) 32 51 25 5 7 133 53 328 Commercial real estate Pass Rated 2,331 5,575 6,875 2,232 1,220 9,685 423 28,341 Criticized 141 335 1,974 485 465 1,853 25 5,278 Total commercial real estate loans 2,472 5,910 8,849 2,717 1,685 11,538 448 33,619 Gross charge-offs (b) 28 5 2 1 322 358 Equipment lease financing Pass Rated 1,814 1,264 1,112 478 478 1,305 6,451 Criticized 51 79 88 35 21 30 304 Total equipment lease financing loans 1,865 1,343 1,200 513 499 1,335 6,755 Gross charge-offs (b) 1 6 12 5 4 6 34 Total commercial loans $ 27,243 $ 21,946 $ 28,948 $ 9,106 $ 6,922 $ 24,723 $ 96,705 $ 571 $ 216,164 Total commercial gross charge-offs $ 51 $ 43 $ 63 $ 32 $ 10 $ 335 $ 133 $ 53 $ 720 Term Loans by Origination Year December 31, 2023 In millions 2023 2022 2021 2020 2019 Prior Revolving Loans Revolving Loans Converted to Term Total Commercial and industrial Pass Rated $ 23,019 $ 26,657 $ 7,562 $ 5,783 $ 4,110 $ 11,982 $ 88,467 $ 573 $ 168,153 Criticized 838 1,781 739 331 281 698 4,708 51 9,427 Total commercial and industrial loans 23,857 28,438 8,301 6,114 4,391 12,680 93,175 624 177,580 Gross charge-offs (b) 25 (c) 32 33 8 3 26 105 12 244 Commercial real estate Pass Rated 4,182 8,571 2,986 2,190 4,887 7,411 383 30,610 Criticized 155 1,300 455 490 622 1,753 51 4,826 Total commercial real estate loans 4,337 9,871 3,441 2,680 5,509 9,164 434 35,436 Gross charge-offs (b) 12 31 137 180 Equipment lease financing Pass Rated 1,522 1,424 689 690 452 1,378 6,155 Criticized 90 81 81 51 35 49 387 Total equipment lease financing loans 1,612 1,505 770 741 487 1,427 6,542 Gross charge-offs (b) 4 4 4 4 1 1 18 Total commercial loans $ 29,806 $ 39,814 $ 12,512 $ 9,535 $ 10,387 $ 23,271 $ 93,609 $ 624 $ 219,558 Total commercial gross charge-offs $ 29 $ 36 $ 37 $ 24 $ 35 $ 164 $ 105 $ 12 $ 442 (a) Loans in our commercial portfolio are classified as Pass Rated or Criticized based on the regulatory definitions, which are driven by the PD and LGD ratings that we assign. The Criticized classification includes loans that were rated special mention, substandard or doubtful as of December 31, 2024 and 2023. (b) Gross charge-offs are presented on a year-to-date basis, as of the period end date. (c) Includes charge-offs of deposit overdrafts. Residential Real Estate and Home Equity We use several credit quality indicators, including delinquency information, nonperforming loan information, updated credit scores and originated and updated LTV ratios, to monitor and manage credit risk within the residential real estate and home equity loan classes. A summary of credit quality indicators follows: Delinquency/Delinquency Rates : We monitor delinquency/delinquency rate trends for residential real estate and home equity loans. See Table 48 for additional information. Nonperforming Loans : We monitor nonperforming loan trends for residential real estate and home equity loans. See Table 48 for additional information. Credit Scores: We use a national third-party provider to update FICO credit scores for residential real estate and home equity loans at least quarterly. The updated scores are incorporated into a series of credit management reports, which are utilized to monitor the risk in the loan classes. LTV (inclusive of CLTV for first and subordinate lien positions): At least quarterly, we update the property values of real estate collateral and calculate an updated LTV ratio. For open-end credit lines secured by real estate in regions experiencing significant declines in property values, more frequent valuations may occur. We examine LTV migration and stratify LTV into categories to monitor the risk in the loan classes. We use a combination of original LTV and updated LTV for internal risk management and reporting purposes ( e.g. , line management, loss mitigation strategies). In addition to the fact that estimated property values by their nature are estimates, given certain data limitations, it is important to note that updated LTVs may be based upon management’s assumptions ( i.e. , if an updated LTV is not provided by the third-party service provider, HPI changes will be incorporated in arriving at management’s estimate of updated LTV). Updated LTV is estimated using modeled property values. The related estimates and inputs are based upon an approach that uses a combination of third-party automated valuation models, broker price opinions, HPI indices, property location, internal and external balance information, origination data and management assumptions. The following table presents credit quality indicators for our residential real estate and home equity loan classes: Table 51: Credit Quality Indicators for Residential Real Estate and Home Equity Loan Classes Term Loans by Origination Year December 31, 2024 In millions 2024 2023 2022 2021 2020 Prior Revolving Loans Revolving Loans Converted to Term Total Residential real estate Current estimated LTV ratios Greater than 100% $ 10 $ 55 $ 85 $ 52 $ 23 $ 32 $ 257 Greater than or equal to 80% to 100% 591 485 954 601 171 111 2,913 Less than 80% 2,043 4,039 8,450 13,958 6,084 8,039 42,613 No LTV available 9 3 12 Government insured or guaranteed loans 1 16 23 17 66 497 620 Total residential real estate loans $ 2,645 $ 4,595 $ 9,512 $ 14,637 $ 6,344 $ 8,682 $ 46,415 Updated FICO scores Greater than or equal to 780 $ 1,730 $ 3,264 $ 7,584 $ 11,723 $ 4,683 $ 4,858 $ 33,842 720 to 779 789 805 1,406 2,035 1,004 1,567 7,606 660 to 719 115 270 401 620 324 784 2,514 Less than 660 9 108 90 156 116 696 1,175 No FICO score available 1 132 8 86 151 280 658 Government insured or guaranteed loans 1 16 23 17 66 497 620 Total residential real estate loans $ 2,645 $ 4,595 $ 9,512 $ 14,637 $ 6,344 $ 8,682 $ 46,415 Gross charge-offs (a) $ 1 $ 2 $ 3 Home equity (b) Current estimated LTV ratios Greater than 100% $ 1 $ 12 $ 17 $ 368 $ 372 $ 770 Greater than or equal to 80% to 100% 5 31 30 1,098 1,619 2,783 Less than 80% 141 1,670 2,807 6,907 10,913 22,438 Total home equity loans $ 147 $ 1,713 $ 2,854 $ 8,373 $ 12,904 $ 25,991 Updated FICO scores Greater than or equal to 780 $ 94 $ 1,145 $ 1,753 $ 4,720 $ 6,211 $ 13,923 720 to 779 34 352 572 2,251 3,274 6,483 660 to 719 14 151 289 1,193 2,085 3,732 Less than 660 5 63 234 202 1,290 1,794 No FICO score available 2 6 7 44 59 Total home equity loans $ 147 $ 1,713 $ 2,854 $ 8,373 $ 12,904 $ 25,991 Gross charge-offs (a) $ 1 $ 16 $ 19 $ 36 (Continued from previous page) Term Loans by Origination Year December 31, 2023 In millions 2023 2022 2021 2020 2019 Prior Revolving Loans Revolving Loans Converted to Term Total Residential real estate Current estimated LTV ratios Greater than 100% $ 15 $ 139 $ 79 $ 31 $ 10 $ 28 $ 302 Greater than or equal to 80% to 100% 1,665 1,928 955 221 69 92 4,930 Less than 80% 3,585 7,977 14,421 6,514 2,154 6,935 41,586 No LTV available 56 13 4 73 Government insured or guaranteed loans 14 20 16 66 37 500 653 Total residential real estate loans $ 5,335 $ 10,064 $ 15,484 $ 6,832 $ 2,270 $ 7,559 $ 47,544 Updated FICO scores Greater than or equal to 780 $ 3,206 $ 7,797 $ 12,197 $ 5,035 $ 1,492 $ 4,004 $ 33,731 720 to 779 1,482 1,659 2,389 1,107 432 1,388 8,457 660 to 719 400 508 657 334 171 721 2,791 Less than 660 93 71 133 122 82 680 1,181 No FICO score available 140 9 92 168 56 266 731 Government insured or guaranteed loans 14 20 16 66 37 500 653 Total residential real estate loans $ 5,335 $ 10,064 $ 15,484 $ 6,832 $ 2,270 $ 7,559 $ 47,544 Gross charge-offs (a) $ 2 $ 1 $ 1 $ 4 $ 8 Home equity (b) Current estimated LTV ratios Greater than 100% $ 1 $ 12 $ 6 $ 14 $ 306 $ 309 $ 648 Greater than or equal to 80% to 100% 4 40 17 22 1,116 1,743 2,942 Less than 80% 157 1,866 845 2,556 6,843 10,293 22,560 Total home equity loans $ 162 $ 1,918 $ 868 $ 2,592 $ 8,265 $ 12,345 $ 26,150 Updated FICO scores Greater than or equal to 780 $ 102 $ 1,254 $ 489 $ 1,605 $ 4,604 $ 6,083 $ 14,137 720 to 779 38 423 216 488 2,222 3,225 6,612 660 to 719 17 174 110 271 1,207 1,894 3,673 Less than 660 5 65 52 220 223 1,089 1,654 No FICO score available 2 1 8 9 54 74 Total home equity loans $ 162 $ 1,918 $ 868 $ 2,592 $ 8,265 $ 12,345 $ 26,150 Gross charge-offs (a) $ 4 $ 7 $ 10 $ 21 (a) Gross charge-offs are presented on a year-to-date basis, as of the period end date. (b) Beginning January 1, 2022, new originations consist of only revolving Home Equity Lines of Credit. Automobile, Credit Card, Education and Other Consumer We monitor a variety of credit quality information in the management of these consumer loan classes. For all loan types, we generally use a combination of internal loan parameters as well as an updated FICO score. We use FICO scores as a primary credit quality indicator for automobile and credit card loans, as well as non-government guaranteed or non-insured education loans and other secured and unsecured lines and loans. Internal credit metrics, such as delinquency status, are heavily relied upon as credit quality indicators for government guaranteed or insured education loans and consumer loans to high net worth individuals, as internal credit metrics are more relevant than FICO scores for these types of loans. Along with the monitoring of delinquency trends and losses for each class, FICO credit score updates are obtained at least quarterly along with a variety of credit bureau attributes. Loans with high FICO scores tend to have a lower likelihood of loss. Conversely, loans with low FICO scores tend to have a higher likelihood of loss. The following table presents credit quality indicators for our automobile, credit card, education and other consumer loan classes: Table 52: Credit Quality Indicators for Automobile, Credit Card, Education and Other Consumer Loan Classes Term Loans by Origination Year December 31, 2024 In millions 2024 2023 2022 2021 2020 Prior Revolving Loans Revolving Loans Converted to Term Total Automobile Updated FICO scores Greater than or equal to 780 $ 3,288 $ 1,717 $ 1,094 $ 865 $ 241 $ 125 $ 7,330 720 to 779 2,047 1,123 636 415 129 90 4,440 660 to 719 963 671 367 227 82 74 2,384 Less than 660 246 351 231 174 87 112 1,201 Total automobile loans $ 6,544 $ 3,862 $ 2,328 $ 1,681 $ 539 $ 401 $ 15,355 Gross charge-offs (a) $ 9 $ 44 $ 27 $ 17 $ 12 $ 22 $ 131 Credit card Updated FICO scores Greater than or equal to 780 $ 2,090 $ 2 $ 2,092 720 to 779 1,859 5 1,864 660 to 719 1,815 16 1,831 Less than 660 936 57 993 No FICO score available or required (b) 97 2 99 Total credit card loans $ 6,797 $ 82 $ 6,879 Gross charge-offs (a) $ 316 $ 39 $ 355 Education Updated FICO scores Greater than or equal to 780 $ 22 $ 58 $ 79 $ 39 $ 33 $ 318 $ 549 720 to 779 20 36 38 20 14 116 244 660 to 719 13 14 15 6 5 46 99 Less than 660 3 3 3 1 1 19 30 No FICO score available or required (b) 12 5 4 1 1 23 Total loans using FICO credit metric 70 116 139 67 53 500 945 Other internal credit metrics 691 691 Total education loans $ 70 $ 116 $ 139 $ 67 $ 53 $ 1,191 $ 1,636 Gross charge-offs (a) $ 1 $ 1 $ 1 $ 16 $ 19 Other consumer Updated FICO scores Greater than or equal to 780 $ 245 $ 129 $ 64 $ 20 $ 5 $ 6 $ 37 $ 1 $ 507 720 to 779 292 141 70 21 6 6 72 1 609 660 to 719 203 97 72 22 8 6 79 1 488 Less than 660 20 33 34 15 6 5 40 1 154 Total loans using FICO credit metric 760 400 240 78 25 23 228 4 1,758 Other internal credit metrics 6 9 77 12 11 90 2,056 8 2,269 Total other consumer loans $ 766 $ 409 $ 317 $ 90 $ 36 $ 113 $ 2,284 $ 12 $ 4,027 Gross charge-offs (a) $ 76 (c) $ 27 $ 26 $ 13 $ 8 $ 9 $ 11 $ 1 $ 171 (Continued from previous page) Term Loans by Origination Year December 31, 2023 In millions 2023 2022 2021 2020 2019 Prior Revolving Loans Revolving Loans Converted to Term Total Automobile Updated FICO scores Greater than or equal to 780 $ 2,722 $ 1,650 $ 1,483 $ 535 $ 368 $ 88 $ 6,846 720 to 779 1,797 1,104 778 301 250 80 4,310 660 to 719 1,014 604 408 186 186 70 2,468 Less than 660 264 272 243 152 200 105 1,236 Total automobile loans $ 5,797 $ 3,630 $ 2,912 $ 1,174 $ 1,004 $ 343 $ 14,860 Gross charge-offs (a) $ 8 $ 24 $ 22 $ 17 $ 30 $ 20 $ 121 Credit card Updated FICO scores Greater than or equal to 780 $ 2,017 $ 1 $ 2,018 720 to 779 1,976 4 1,980 660 to 719 1,979 13 1,992 Less than 660 1,036 48 1,084 No FICO score available or required (b) 103 3 106 Total credit card loans $ 7,111 $ 69 $ 7,180 Gross charge-offs (a) $ 290 $ 29 $ 319 Education Updated FICO scores Greater than or equal to 780 $ 35 $ 88 $ 45 $ 40 $ 51 $ 331 $ 590 720 to 779 32 47 24 19 24 131 277 660 to 719 20 17 8 6 8 54 113 Less than 660 4 3 2 1 2 21 33 No FICO score available or required (b) 15 5 4 2 1 27 Total loans using FICO credit metric 106 160 83 68 85 538 1,040 Other internal credit metrics 905 905 Total education loans $ 106 $ 160 $ 83 $ 68 $ 85 $ 1,443 $ 1,945 Gross charge-offs (a) $ 1 $ 1 $ 2 $ 13 $ 17 Other consumer Updated FICO scores Greater than or equal to 780 $ 241 $ 127 $ 47 $ 21 $ 14 $ 11 $ 39 $ 1 $ 501 720 to 779 286 157 54 26 17 11 80 1 632 660 to 719 147 140 57 27 21 11 87 2 492 Less than 660 19 52 31 17 14 8 43 1 185 Total loans using FICO credit metric 693 476 189 91 66 41 249 5 1,810 Other internal credit metrics 19 97 33 48 71 34 2,149 10 2,461 Total other consumer loans $ 712 $ 573 $ 222 $ 139 $ 137 $ 75 $ 2,398 $ 15 $ 4,271 Gross charge-offs (a) $ 75 (c) $ 23 $ 18 $ 14 $ 14 $ 8 $ 11 $ 1 $ 164 (a) Gross charge-offs are presented on a year-to-date basis, as of the period end date. (b) Loans where FICO scores are not available or required generally refers to new accounts issued to borrowers with limited credit history, accounts for which we cannot obtain an updated FICO score ( e.g. , recent profile changes), cards issued with a business name and/or cards secured by collateral. Management proactively assesses the risk and size of this loan category and, when necessary, takes actions to mitigate the credit risk. (c) Includes charge-offs of deposit overdrafts. Loan Modifications to Borrowers Experiencing Financial Difficulty Loan modifications to borrowers experiencing financial difficulty (FDMs) result from our loss mitigation activities and include principal forgiveness, interest rate reductions, term extensions, payment delays, repayment plans or combinations thereof. See Note 1 Accounting Policies for additional information on FDMs. The following table presents the amortized cost basis, as of the period end date, of FDMs granted during the twelve months ended December 31, 2024: Table 53: Loan Modifications Granted to Borrowers Experiencing Financial Difficulty (a) (b) Year ended December 31, 2024 Dollars in millions Interest Rate Reduction Term Extension Payment Delay Repayment Plan Interest Rate Reduction and Payment Delay Interest Rate Reduction and Term Extension Payment Delay and Term Extension Other (c) Total % of Loan Class Commercial Commercial and industrial $ 14 $ 995 $ 34 $ 15 $ 111 $ 154 $ 106 $ 1,429 0.81 % Commercial real estate 964 94 232 1,290 3.84 % Equipment lease financing 2 2 0.03 % Total commercial 14 1,961 128 15 111 386 106 2,721 1.26 % Consumer Residential real estate 1 84 6 7 98 0.21 % Home equity 13 $ 7 18 38 0.15 % Credit card 62 62 0.90 % Education 5 5 0.31 % Other consumer 1 1 0.02 % Total consumer 6 97 70 6 25 204 0.20 % Total $ 14 $ 1,967 $ 225 $ 70 $ 15 $ 117 $ 386 $ 131 $ 2,925 0.92 % Year ended December 31, 2023 Dollars in millions Interest Rate Reduction Term Extension Payment Delay Repayment Plan Interest Rate Reduction and Payment Delay Interest Rate Reduction and Term Extension Payment Delay and Term Extension Other (c) Total % of Loan Class Commercial Commercial and industrial $ 13 $ 683 $ 65 $ 14 $ 18 $ 156 $ 150 $ 1,099 0.62 % Commercial real estate 47 816 17 87 967 2.73 % Total commercial 60 1,499 65 14 18 173 237 2,066 0.94 % Consumer Residential real estate 2 1 95 5 6 109 0.23 % Home equity 1 10 $ 8 12 31 0.12 % Credit card 58 58 0.81 % Education 5 5 0.26 % Other consumer 1 1 0.02 % Total consumer 2 7 105 67 5 18 204 0.20 % Total $ 62 $ 1,506 $ 170 $ 67 $ 14 $ 23 $ 173 $ 255 $ 2,270 0.71 % (a) The unfunded lending related commitments on FDMs granted were $0.9 billion and $0.4 billion during the year ended December 31, 2024 and 2023, respectively. (b) Excludes the amortized cost basis of modified loans that were paid off, charged-off or otherwise liquidated as of the period end date. (c) Represents all other modifications, and includes trial modifications and loans where we have received notification that a borrower has filed for Chapter 7 bankruptcy relief, but specific instructions as to the terms of the relief have not been formally ruled upon by the court. Table 54 presents the weighted average financial effect of FDMs granted during the twelve months ended December 31, 2024 and 2023: Table 54: Financial Effect of FDMs (a) Year ended December 31, 2024 Dollars in millions Amortized cost basis (b) Weighted Average Financial Effect Term Extension Commercial and industrial $1,260 Extended contractual term by 16 months. Commercial real estate $1,196 Extended contractual term by 17 months. Equipment lease financing $2 Extended contractual term by 43 months. Residential real estate $7 Extended contractual term by 94 months. Education $5 Extended contractual term by 13 months. Interest Rate Reduction Commercial and industrial $140 Reduced contractual interest rate by 1.42%. Residential real estate $6 Reduced contractual interest rate by 2.00%. Payment Delay Commercial and industrial $203 Provided 8 months of payment deferral. Commercial real estate $326 Provided 8 months of payment deferral. Residential real estate $84 Provided 9 months of payment deferral. Home equity $13 Provided 4 months of payment deferral. Year ended December 31, 2023 Dollars in millions Amortized cost basis (b) Weighted Average Financial Effect Term Extension Commercial and industrial $857 Extended contractual term by 12 months. Commercial real estate $833 Extended contractual term by 14 months. Residential real estate $6 Extended contractual term by 80 months. Home equity $1 Extended contractual term by 232 months. Education $5 Extended contractual term by 20 months. Interest Rate Reduction Commercial and industrial $45 Reduced contractual interest rate by 2.70%. Commercial real estate $47 Reduced contractual interest rate by 4.54%. Residential real estate $7 Reduced contractual interest rate by 1.34%. Payment Delay Commercial and industrial $235 Provided 3 months of payment deferral. Commercial real estate $17 Provided 5 months of payment deferral. Residential real estate $95 Provided 9 months of payment deferral. Home equity $10 Provided 4 months of payment deferral. (a) Excludes the financial effects of modifications for loans that were paid off, charged-off or otherwise liquidated as of the period end date. (b) The amortized cost basis presented in Table 54 includes combination modification categories in addition to the standalone modification categories presented in Table 53. Primarily due to this reason, the amortized cost basis presented in Table 54 may not agree to the amortized cost basis presented alongside the standalone modification categories in Table 53. Amortized cost basis is as of the period end date. Repayment plans are excluded from Table 54. The terms of these programs, which are offered for certain consumer products, are as follows: • Credit card and unsecured lines of credit • Short-term programs are granted for periods of 6 and 12 months. These programs are structurally similar such that the interest rate is reduced to a standard rate of 4.99% and the minimum payment percentage is adjusted to 1.90% of the outstanding balance. At the end of the 6 or 12 months, the borrower is returned to the original contractual interest rate and minimum payment amount specified in the original lending agreement. • Fully-amortized repayment plans are also granted, the most common of which being a 60 month program. In this program, we convert the borrower’s drawn and unpaid balances into a fully-amortized repayment plan consisting of an interest rate of 4.99% and an adjusted minimum payment percentage of 1.90% of the outstanding balance. This fully-amortized program is designed in a manner that allows the drawn and unpaid amounts to be recaptured at the end of the 60 months. • Home equity loans and lines of credit • Fixed payment plan programs establish a modified monthly payment that is informed by the borrower’s financial situation and the current market environment at the time of modification, among other factors. As such, we may change the borrower’s interest rate, modify the term of the loan, and/or defer payment to arrive at the modified monthly payment. Each of the aforementioned terms may increase or decrease, and may vary from loan to loan, based on the individual loan and borrower characteristics. After we modify a loan, we continue to track its performance under its most recent modified terms. The following table presents the performance, as of period end date, of FDMs granted during the year ended December 31, 2024 and 2023: Table 55: Delinquency Status of FDMs (a) (b) Year e

Loan Sale and Servicing Activit

Loan Sale and Servicing Activities and Variable Interest Entities	12 Months Ended
	Dec. 31, 2024
Loan Sale and Servicing Activities and Variable Interest Entities [Abstract]
Loan Sale and Servicing Activities and Variable Interest Entities	L OAN S ALE AND S ERVICING A CTIVITIES AND V ARIABLE I NTEREST E NTITIES Loan Sale and Servicing Activities We have transferred residential and commercial mortgage loans in securitization or sales transactions in which we have continuing involvement. These transfers have occurred through Agency securitization, Non-agency securitization, and loan sale transactions. Agency securitizations consist of securitization transactions with FNMA, FHLMC and GNMA (collectively, the Agencies). FNMA and FHLMC generally securitize our transferred loans into mortgage-backed securities for sale into the secondary market through SPEs that they sponsor. As an authorized GNMA issuer/servicer, we pool FHA and Department of VA insured loans into mortgage-backed securities for sale into the secondary market. In Non-agency securitizations, we have transferred loans into securitization SPEs. In other instances, third-party investors have also purchased our loans in loan sale transactions and in certain instances have subsequently sold these loans into securitization SPEs. Securitization SPEs utilized in the Agency and Non-agency securitization transactions are VIEs. Our continuing involvement in the FNMA, FHLMC, and GNMA securitizations, Non-agency securitizations, and loan sale transactions generally consists of servicing, repurchasing previously transferred loans or loss share arrangements under certain conditions, and, in limited circumstances, holding of mortgage-backed securities issued by the securitization SPEs. Depending on the transaction, we may act as the master, primary and/or special servicer to the securitization SPEs or third-party investors. Servicing responsibilities typically consist of collecting and remitting monthly borrower principal and interest payments, maintaining escrow deposits, performing loss mitigation and foreclosure activities, and, in certain instances, funding of servicing advances. Servicing advances, which are generally reimbursable, are made for principal and interest and collateral protection and are carried in Other assets at cost. We earn servicing and other ancillary fees for our role as servicer and, depending on the contractual terms of the servicing arrangement, we can be terminated as servicer with or without cause. At the consummation date of each type of loan transfer where we retain the servicing, we recognize a servicing right at fair value. See Note 5 Goodwill and Mortgage Servicing Rights and Note 14 Fair Value for further discussion of our servicing rights. Certain loans transferred to the Agencies contain ROAPs. Under these ROAPs, we hold an option to repurchase at par individual delinquent loans that meet certain criteria. In other limited cases, GNMA has granted us the right to repurchase current loans when we intend to modify the borrower’s interest rate under established guidelines. When we have the unilateral ability to repurchase a loan, effective control over the loan has been regained and we recognize an asset (in either Loans or Loans held for sale) and a corresponding liability (in Other borrowed funds) on the balance sheet regardless of our intent to repurchase the loan. The Agency and Non-agency mortgage-backed securities issued by the securitization SPEs that are purchased and held on our balance sheet are typically purchased in the secondary market. We do not retain any credit risk on our Agency mortgage-backed security positions as FNMA, FHLMC and the U.S. Government (for GNMA) guarantee losses of principal and interest. We also have involvement with certain Agency and Non-agency commercial securitization SPEs where we have not transferred commercial mortgage loans. These SPEs were sponsored by independent third-parties and the loans held by these entities were purchased exclusively from other third-parties. Generally, our involvement with these SPEs is as servicer with servicing activities consistent with those described above. We recognize a liability for our loss exposure associated with contractual obligations to repurchase previously transferred loans due to possible breaches of representations and warranties and also for loss sharing arrangements (recourse obligations) with the Agencies. Other than providing temporary liquidity under servicing advances and our loss exposure associated with our repurchase and recourse obligations, we have not provided nor are we required to provide any type of credit support, guarantees or commitments to the securitization SPEs or third-party investors in these transactions. The following table provides our loan sale and servicing activities: Table 59: Loan Sale and Servicing Activities In millions Residential Mortgages Commercial Mortgages (a) Cash Flows - Year ended December 31, 2024 Sales of loans and related securitization activity (b) $ 3,060 $ 3,918 Repurchases of previously transferred loans (c) $ 103 $ 9 Servicing fees (d) $ 551 $ 204 Servicing advances recovered/(funded), net $ 19 $ (92) Cash flows on mortgage-backed securities held (e) $ 2,499 $ 67 Cash Flows - Year ended December 31, 2023 Sales of loans and related securitization activity (b) $ 2,648 $ 3,650 Repurchases of previously transferred loans (c) $ 87 Servicing fees (d) $ 529 $ 198 Servicing advances recovered/(funded), net $ (7) $ (140) Cash flows on mortgage-backed securities held (e) $ 2,624 $ 75 (a) Represents both commercial mortgage loan transfer and servicing activities. (b) Gains/losses recognized on sales of loans were insignificant for the periods presented. (c) Includes both residential and commercial mortgage government insured or guaranteed loans eligible for repurchase through the exercise of our ROAP option, as well as residential mortgage loans repurchased due to alleged breaches of origination covenants or representations and warranties made to purchasers. (d) Includes contractually specified servicing fees, late charges and ancillary fees. (e) Represents cash flows on securities where we transferred to, and/or service loans for, a securitization SPE and we hold securities issued by that SPE. The carrying values of such securities held were $18.2 billion in residential mortgage-backed securities and $0.6 billion in commercial mortgage-backed securities at December 31, 2024. Comparable amounts at December 31, 2023 were $20.4 billion and $0.7 billion, respectively. Table 60 presents information about the principal balances of transferred loans that we service and are not recorded on our Consolidated Balance Sheet. We would only experience a loss on these transferred loans if we were required to repurchase a loan, where the repurchase price exceeded the loan’s fair value, due to a breach in representations and warranties or a loss sharing arrangement associated with our continuing involvement with these loans. The estimate of losses related to breaches in representations and warranties was insignificant at December 31, 2024 and 2023. Table 60: Principal Balance, Delinquent Loans and Net Charge-offs Related to Serviced Loans For Others In millions Residential Mortgages Commercial Mortgages (a) December 31, 2024 Total principal balance $ 37,619 $ 51,274 Delinquent loans (b) $ 288 $ 124 December 31, 2023 Total principal balance $ 39,016 $ 57,492 Delinquent loans (b) $ 329 $ 89 Year ended December 31, 2024 Net charge-offs (c) $ 4 $ 122 Year ended December 31, 2023 Net charge-offs (c) $ 4 $ 26 (a) Represents information at the securitization level in which we have sold loans and we are the servicer for the securitization. (b) Serviced delinquent loans are 90 days or more past due or are in process of foreclosure. (c) Net charge-offs for Residential mortgages represent credit losses less recoveries distributed and as reported to investors during the period. Net charge-offs for Commercial mortgages represent credit losses less recoveries distributed and as reported by the trustee for commercial mortgage-backed securitizations. Realized losses for Agency securitizations are not reflected as we do not manage the underlying real estate upon foreclosure and, as such, do not have access to loss information. Variable Interest Entities (VIEs) We are involved with various entities in the normal course of business that are deemed to be VIEs. We assess VIEs for consolidation based upon the accounting policies described in Note 1 Accounting Policies. Our consolidated VIEs were insignificant at both December 31, 2024 and 2023. We have not provided additional financial support to these entities which we are not contractually required to provide. The following table provides a summary of non-consolidated VIEs with which we have significant continuing involvement but are not the primary beneficiary. We have excluded certain transactions with non-consolidated VIEs from the balances presented in Table 61 where we have determined that our continuing involvement is insignificant. We do not consider our continuing involvement to be significant when it relates to a VIE where we only invest in securities issued by the VIE and were not involved in the design of the VIE or where no transfers have occurred between us and the VIE. In addition, where we only have lending arrangements in the normal course of business with entities that could be VIEs, we have excluded these transactions with non-consolidated entities from the balances presented in Table 61. These loans are included as part of the asset quality disclosures that we make in Note 3 Loans and Related Allowance for Credit Losses. Table 61: Non-Consolidated VIEs In millions PNC Risk of Loss (a) Carrying Value of Assets Carrying Value of Liabilities December 31, 2024 Mortgage-backed securitizations (b) $ 19,187 $ 19,191 (c) Tax credit investments and other 5,513 5,491 (d) (e) $ 2,627 (f) (g) Total $ 24,700 $ 24,682 $ 2,627 December 31, 2023 Mortgage-backed securitizations (b) $ 21,451 $ 21,453 (c) Tax credit investments and other 4,709 4,631 (d) (e) $ 2,119 (f) (g) Total $ 26,160 $ 26,084 $ 2,119 (a) Represents loans, investments and other assets related to non-consolidated VIEs, net of collateral (if applicable). The risk of loss excludes any potential tax recapture associated with tax credit investments. (b) Amounts reflect involvement with securitization SPEs where we transferred to, and/or service loans for, an SPE and we hold securities issued by that SPE. Values disclosed in the PNC Risk of Loss column represent our maximum exposure to loss for those securities’ holdings. (c) Included in Investment securities, Mortgage servicing rights and Other assets on our Consolidated Balance Sheet. (d) Included in Investment securities, Loans, Equity investments and Other assets on our Consolidated Balance Sheet. (e) Amount includes $3.9 billion of LIHTCs and $0.2 billion of NMTCs at December 31, 2024, which are included in Equity investments (f) Included in Deposits and Other liabilities on our Consolidated Balance Sheet. (g) Amount includes $2.3 billion of LIHTCs and less than $0.1 billion of NMTCs at December 31, 2024, which are included in Other liabilities on our Consolidated Balance Sheet. Comparable amounts at December 31, 2023 were $1.6 billion and $0.2 billion, respectively. Mortgage-Backed Securitizations In connection with each Agency and Non-agency residential and commercial mortgage-backed securitization discussed above, we evaluate each SPE utilized in these transactions for consolidation. In performing these assessments, we evaluate our level of continuing involvement in these transactions as the nature of our involvement ultimately determines whether or not we hold a variable interest and/or are the primary beneficiary of the SPE. Factors we consider in our consolidation assessment include the significance of (i) our role as servicer, (ii) our holdings of mortgage-backed securities issued by the securitization SPE and (iii) the rights of third-party variable interest holders. The first step in our assessment is to determine whether we hold a variable interest in the securitization SPE. We hold variable interests in Agency and Non-agency securitization SPEs through our holding of residential and commercial mortgage-backed securities issued by the SPEs and/or our recourse obligations. Each SPE in which we hold a variable interest is evaluated to determine whether we are the primary beneficiary of the entity. For Agency securitization transactions, our contractual role as servicer does not give us the power to direct the activities that most significantly affect the economic performance of the SPEs. Thus, we are not the primary beneficiary of these entities. For Non-agency securitization transactions, we would be the primary beneficiary to the extent our servicing activities give us the power to direct the activities that most significantly affect the economic performance of the SPE and we hold a more-than-insignificant variable interest in the entity. Details about the Agency and Non-agency securitization SPEs where we hold a variable interest and are not the primary beneficiary are included in Table 61. Our maximum exposure to loss as a result of our involvement with these SPEs is the carrying value of the mortgage-backed securities, servicing assets, servicing advances and our liabilities associated with our recourse obligations. Creditors of the securitization SPEs have no recourse to our assets or general credit. Tax Credit Investments and Other For tax credit investments in which we do not have the right to make decisions that will most significantly impact the economic performance of the entity, we are not the primary beneficiary and thus do not consolidate the entity. These investments are disclosed in Table 61. The table also reflects our maximum exposure to loss exclusive of any potential tax credit recapture. Our maximum exposure to loss is equal to our legally binding equity commitments adjusted for recorded impairment, partnership results or amortization for qualifying LIHTC investments when applicable. For all legally binding unfunded equity commitments, we increase our recognized investment and recognize a liability. As of December 31, 2024, we had a liability for unfunded commitments of $2.2 billion related to investments in qualified affordable housing projects which is reflected in Other liabilities on our Consolidated Balance Sheet. Table 61 also includes our involvement in lease financing transactions with LLCs engaged in solar power generation that, to a large extent, provided returns in the form of tax credits. The outstanding financings and operating lease assets are reflected as Loans and Other assets, respectively, on our Consolidated Balance Sheet, whereas related liabilities are reported in Deposits and Other liabilities. We also make certain equity investments in various tax credit limited partnerships or LLCs. The purpose of these investments is to achieve a satisfactory return on capital and to assist us in achieving goals associated with the CRA. During 2024, we recognized $0.5 billion of amortization, $0.5 billion of tax credits and $0.1 billion of other tax benefits associated with qualified investments in LIHTCs and NMTCs within Income taxes. We recognized $0.4 billion of amortization, $0.4 billion of tax credits and less than $0.1 billion of other tax benefits associated with qualified investments in LIHTCs within Income taxes in 2023. Comparable amounts for 2022 were $0.4 billion, $0.4 billion and less than $0.1 billion, respectively.

Goodwill and Mortgage Servicing

Goodwill and Mortgage Servicing Rights	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Mortgage Servicing Rights	G OODWILL AND M ORTGAGE S ERVICING R IGHTS Assets and liabilities of acquired entities are recorded at estimated fair value as of the acquisition date. Goodwill Allocations of goodwill by business segment at December 31, 2024, 2023 and 2022 follow: Table 62: Goodwill by Business Segment In millions Retail Banking Corporate & Institutional Banking Asset Management Group Total Balance as of December 31, 2024 $ 6,473 $ 4,270 $ 189 $ 10,932 Balance as of December 31, 2023 $ 6,473 $ 4,270 $ 189 $ 10,932 Other (55) (55) Balance as of December 31, 2022 $ 6,473 $ 4,325 $ 189 $ 10,987 We review goodwill in each of our reporting units for impairment at least annually, in the fourth quarter, or more frequently if events occur or circumstances have changed significantly from the annual test date. Based on the results of our analysis, there were no impairment charges related to goodwill in 2024, 2023 or 2022. See Note 1 Accounting Policies for additional information regarding the goodwill impairment test. Mortgage Servicing Rights We recognize the right to service mortgage loans for others as an intangible asset when the benefits of servicing are expected to be more than adequate compensation to a servicer for performing the servicing. MSRs are recognized either when purchased or when originated loans are sold with servicing retained. MSRs totaled $3.7 billion at both December 31, 2024 and 2023, and consisted of loan servicing contracts for commercial and residential mortgages measured at fair value. Commercial Mortgage Servicing Rights We recognize gains (losses) on changes in the fair value of commercial MSRs. Commercial MSRs are subject to changes in value from actual or expected prepayment of the underlying loans and defaults as well as market driven changes in interest rates. We manage this risk by economically hedging the fair value of commercial MSRs with securities, derivative instruments and resale agreements which are expected to increase (or decrease) in value when the value of commercial MSRs decreases (or increases). The fair value of commercial MSRs is estimated by using a discounted cash flow model incorporating inputs for assumptions as to constant prepayment rates, discount rates and other factors determined based on current market conditions and expectations. Changes in the commercial MSRs follow: Table 63: Commercial Mortgage Servicing Rights In millions 2024 2023 2022 January 1 $ 1,032 $ 1,113 $ 740 Additions: From loans sold with servicing retained 44 50 62 Purchases 64 44 46 Changes in fair value due to: Time and payoffs (a) (317) (332) (208) Other (b) 262 157 473 December 31 $ 1,085 $ 1,032 $ 1,113 Related unpaid principal balance at December 31 $ 290,384 $ 288,042 $ 281,277 Servicing advances at December 31 $ 653 $ 561 $ 421 (a) Represents decrease in MSR value due to passage of time, which includes the impact from regularly scheduled loan principal payments, prepayments and loans that were paid off during the period. (b) Includes MSR value changes resulting from changes in interest rates and other market-driven conditions. Residential Mortgage Servicing Rights We recognize gains (losses) on changes in the fair value of residential MSRs. Residential MSRs are subject to changes in value from actual or expected prepayment of the underlying loans and defaults as well as market driven changes in interest rates. We manage this risk by economically hedging the fair value of residential MSRs with securities and derivative instruments that are expected to increase (or decrease) in value when the value of residential MSRs decreases (or increases). The fair value of residential MSRs is estimated by using a discounted cash flow valuation model that calculates the present value of estimated future net servicing cash flows, taking into consideration actual and expected mortgage loan prepayment rates, discount rates, servicing costs and other factors that are determined based on current market conditions. Changes in the residential MSRs follow: Table 64: Residential Mortgage Servicing Rights In millions 2024 2023 2022 January 1 $ 2,654 $ 2,310 $ 1,078 Additions: From loans sold with servicing retained 28 23 57 Purchases 43 444 897 Changes in fair value due to: Time and payoffs (a) (254) (237) (231) Other (b) 155 115 509 Sale (1) December 31 $ 2,626 $ 2,654 $ 2,310 Unpaid principal balance of loans serviced for others at December 31 $ 196,915 $ 209,158 $ 189,831 Servicing advances at December 31 $ 153 $ 172 $ 165 (a) Represents decrease in MSR value due to passage of time, which includes the impact from regularly scheduled loan principal payments, prepayments and loans that were paid off during the period. (b) Includes MSR value changes resulting from changes in interest rates and other market-driven conditions. Sensitivity Analysis The fair value of commercial and residential MSRs and significant inputs to the valuation models as of December 31, 2024 and 2023 are shown in Tables 65 and 66. The expected and actual rates of mortgage loan prepayments are significant factors driving the fair value. Management uses both internal proprietary models and a third-party model to estimate future commercial mortgage loan prepayments and a third-party model to estimate future residential mortgage loan prepayments. These models have been refined based on current market conditions and management judgment. Future interest rates are another important factor in the valuation of MSRs. Management utilizes market implied forward interest rates to estimate the future direction of mortgage and discount rates. The forward rates utilized are derived from the current yield curve for U.S. dollar interest rate swaps and are consistent with pricing of capital markets instruments. Changes in the shape and slope of the forward curve in future periods may result in volatility in the fair value estimate. A sensitivity analysis of the hypothetical effect on the fair value of MSRs to adverse changes in key assumptions is also presented in Tables 65 and 66. These sensitivities do not include the impact of the related hedging activities. Changes in fair value generally cannot be extrapolated because the relationship of the change in the assumption to the change in fair value may not be linear. Also, the effect of a variation in a particular assumption on the fair value of the MSRs is calculated independently without changing any other assumption. In reality, changes in one factor may result in changes in another ( e.g. , changes in mortgage interest rates, which drive changes in prepayment rate estimates, could result in changes in the interest rate spread), which could either magnify or counteract the sensitivities. The following tables set forth the fair value of commercial and residential MSRs and the sensitivity analysis of the hypothetical effect on the fair value of MSRs to immediate adverse changes of 10% and 20% in those assumptions: Table 65: Commercial Mortgage Servicing Rights – Key Valuation Assumptions Dollars in millions December 31, 2024 December 31, 2023 Fair value $ 1,085 $ 1,032 Weighted-average life (years) 3.8 3.9 Weighted-average constant prepayment rate 4.45 % 5.51 % Decline in fair value from 10% adverse change $ 8 $ 9 Decline in fair value from 20% adverse change $ 16 $ 17 Effective discount rate 11.18 % 9.64 % Decline in fair value from 10% adverse change $ 35 $ 31 Decline in fair value from 20% adverse change $ 69 $ 61 Table 66: Residential Mortgage Servicing Rights – Key Valuation Assumptions Dollars in millions December 31, 2024 December 31, 2023 Fair value $ 2,626 $ 2,654 Weighted-average life (years) 8.0 8.1 Weighted-average constant prepayment rate 6.39 % 6.42 % Decline in fair value from 10% adverse change $ 57 $ 60 Decline in fair value from 20% adverse change $ 111 $ 117 Weighted-average option adjusted spread 755 bps 765 bps Decline in fair value from 10% adverse change $ 81 $ 83 Decline in fair value from 20% adverse change $ 157 $ 161 Fees from mortgage loan servicing, which include contractually specified servicing fees, late fees and ancillary fees, were $0.7 billion for both 2024 and 2023, compared to $0.6 billion for 2022. We also generate servicing fees from fee-based activities provided to others for which we do not have an associated servicing asset. Fees from commercial and residential MSRs are reported within Noninterest income on our Consolidated Income Statement in Residential and commercial mortgage.

Leases

Leases	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Leases	L EASES PNC enters into both lessor and lessee arrangements. For more information on lease accounting, see Note 1 Accounting Policies. For additional details on our equipment lease financing receivables, see Note 3 Loans and Related Allowance for Credit Losses. Lessor Arrangements PNC’s lessor arrangements primarily consist of direct financing, sales-type and operating leases for equipment. Lease agreements may include options to renew and for the lessee to purchase the leased equipment at the end of the lease term. The following table provides details on our income from lessor arrangements: Table 67: Lessor Income Year ended December 31 In millions 2024 2023 2022 Sales-type and direct financing leases (a) $ 355 $ 300 $ 243 Operating leases (b) 26 46 63 Lease income $ 381 $ 346 $ 306 (a) Included in Loans interest income on the Consolidated Income Statement. (b) Included in Lending and deposit services The following table provides the components of our equipment lease financing assets: Table 68: Sales-Type and Direct Financing Leases In millions December 31, 2024 December 31, 2023 Lease receivables $ 6,229 $ 5,986 Unguaranteed residual asset values (a) 1,395 1,440 Unearned income (869) (884) Equipment lease financing $ 6,755 $ 6,542 (a) In certain cases, PNC obtains third-party residual value insurance to reduce its residual risk. The carrying value of residual assets with third-party residual value insurance for at least a portion of the asset value was $0.6 billion at both December 31, 2024 and 2023. Operating lease assets were $0.4 billion and accumulated depreciation was $0.2 billion at both December 31, 2024 and 2023. We had no lease transactions with related parties or deferred selling profits at December 31, 2024 and 2023. The future minimum lessor receivable arrangements at December 31, 2024 were as follows: Table 69: Future Minimum Lessor Receivable Arrangements In millions Operating Leases Sales-type and Direct Financing Leases 2025 $ 30 $ 1,568 2026 30 1,318 2027 25 1,268 2028 15 798 2029 12 524 2030 and thereafter 10 753 Total future minimum lease receivable arrangements $ 122 $ 6,229 Lessee Arrangements We lease retail branches, datacenters, office space, land and equipment under operating and finance leases. Our leases have remaining lease terms of 1 year to 43 years, some of which may include options to renew the leases for up to 99 years, and some of which may include options to terminate the leases prior to the end date of the lease term. Certain leases also include options to purchase the leased asset. The exercise of lease renewal, termination and purchase options is at our sole discretion. Certain of our lease agreements include rental payments based on a percentage of revenue and others include rental payments if certain bank deposit levels are met. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. Subleases to third parties were not material at December 31, 2024 and 2023. Tables 70 and 71 provide details on our operating leases: Table 70: Operating Lease Costs and Cash Flows Year ended December 31 In millions 2024 2023 2022 Operating lease cost (a) $ 373 $ 386 $ 395 Operating cash flows $ 413 $ 440 $ 434 (a) Included in Occupancy, Equipment and Marketing expense on the Consolidated Income Statement. Table 71: Operating Lease Assets and Liabilities In millions December 31, 2024 December 31, 2023 Operating lease assets (a) $ 1,619 $ 1,745 Operating lease liabilities (b) $ 1,870 $ 1,998 (a) Included in Other assets on the Consolidated Balance Sheet. (b) Included in Accrued expenses and other liabilities on the Consolidated Balance Sheet. Finance lease assets and liabilities, income, expense and cash flows at December 31, 2024 and 2023 were not material. Operating lease term and discount rates of our lessee arrangements at December 31, 2024 and 2023 were as follows: Table 72: Operating Lease Term and Discount Rates of Lessee Arrangements December 31, 2024 December 31, 2023 Weighted-average remaining lease term (years) 7 7 Weighted-average discount rate 2.76 % 2.49 % The future lease payments based on maturity for our lessee liability arrangements at December 31, 2024 are as follows: Table 73: Future Lease Payments for Operating Lease Liability Arrangements In millions December 31, 2024 2025 $ 401 2026 367 2027 324 2028 270 2029 204 2030 and thereafter 492 Total future lease payments $ 2,058 Less: Interest 188 Present value of operating lease liability arrangements $ 1,870
Leases	L EASES PNC enters into both lessor and lessee arrangements. For more information on lease accounting, see Note 1 Accounting Policies. For additional details on our equipment lease financing receivables, see Note 3 Loans and Related Allowance for Credit Losses. Lessor Arrangements PNC’s lessor arrangements primarily consist of direct financing, sales-type and operating leases for equipment. Lease agreements may include options to renew and for the lessee to purchase the leased equipment at the end of the lease term. The following table provides details on our income from lessor arrangements: Table 67: Lessor Income Year ended December 31 In millions 2024 2023 2022 Sales-type and direct financing leases (a) $ 355 $ 300 $ 243 Operating leases (b) 26 46 63 Lease income $ 381 $ 346 $ 306 (a) Included in Loans interest income on the Consolidated Income Statement. (b) Included in Lending and deposit services The following table provides the components of our equipment lease financing assets: Table 68: Sales-Type and Direct Financing Leases In millions December 31, 2024 December 31, 2023 Lease receivables $ 6,229 $ 5,986 Unguaranteed residual asset values (a) 1,395 1,440 Unearned income (869) (884) Equipment lease financing $ 6,755 $ 6,542 (a) In certain cases, PNC obtains third-party residual value insurance to reduce its residual risk. The carrying value of residual assets with third-party residual value insurance for at least a portion of the asset value was $0.6 billion at both December 31, 2024 and 2023. Operating lease assets were $0.4 billion and accumulated depreciation was $0.2 billion at both December 31, 2024 and 2023. We had no lease transactions with related parties or deferred selling profits at December 31, 2024 and 2023. The future minimum lessor receivable arrangements at December 31, 2024 were as follows: Table 69: Future Minimum Lessor Receivable Arrangements In millions Operating Leases Sales-type and Direct Financing Leases 2025 $ 30 $ 1,568 2026 30 1,318 2027 25 1,268 2028 15 798 2029 12 524 2030 and thereafter 10 753 Total future minimum lease receivable arrangements $ 122 $ 6,229 Lessee Arrangements We lease retail branches, datacenters, office space, land and equipment under operating and finance leases. Our leases have remaining lease terms of 1 year to 43 years, some of which may include options to renew the leases for up to 99 years, and some of which may include options to terminate the leases prior to the end date of the lease term. Certain leases also include options to purchase the leased asset. The exercise of lease renewal, termination and purchase options is at our sole discretion. Certain of our lease agreements include rental payments based on a percentage of revenue and others include rental payments if certain bank deposit levels are met. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. Subleases to third parties were not material at December 31, 2024 and 2023. Tables 70 and 71 provide details on our operating leases: Table 70: Operating Lease Costs and Cash Flows Year ended December 31 In millions 2024 2023 2022 Operating lease cost (a) $ 373 $ 386 $ 395 Operating cash flows $ 413 $ 440 $ 434 (a) Included in Occupancy, Equipment and Marketing expense on the Consolidated Income Statement. Table 71: Operating Lease Assets and Liabilities In millions December 31, 2024 December 31, 2023 Operating lease assets (a) $ 1,619 $ 1,745 Operating lease liabilities (b) $ 1,870 $ 1,998 (a) Included in Other assets on the Consolidated Balance Sheet. (b) Included in Accrued expenses and other liabilities on the Consolidated Balance Sheet. Finance lease assets and liabilities, income, expense and cash flows at December 31, 2024 and 2023 were not material. Operating lease term and discount rates of our lessee arrangements at December 31, 2024 and 2023 were as follows: Table 72: Operating Lease Term and Discount Rates of Lessee Arrangements December 31, 2024 December 31, 2023 Weighted-average remaining lease term (years) 7 7 Weighted-average discount rate 2.76 % 2.49 % The future lease payments based on maturity for our lessee liability arrangements at December 31, 2024 are as follows: Table 73: Future Lease Payments for Operating Lease Liability Arrangements In millions December 31, 2024 2025 $ 401 2026 367 2027 324 2028 270 2029 204 2030 and thereafter 492 Total future lease payments $ 2,058 Less: Interest 188 Present value of operating lease liability arrangements $ 1,870

Premises, Equipment and Leaseho

Premises, Equipment and Leasehold Improvements	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
Premises, Equipment and Leasehold Improvement	P REMISES , E QUIPMENT AND L EASEHOLD I MPROVEMENTS Premises, equipment and leasehold improvements, stated at cost less accumulated depreciation and amortization, were as follows: Table 74: Premises, Equipment and Leasehold Improvements In millions December 31, 2024 December 31, 2023 Premises, equipment and leasehold improvements $ 19,403 $ 18,358 Accumulated depreciation and amortization (10,731) (9,841) Net book value $ 8,672 $ 8,517 Depreciation expense on premises, equipment and leasehold improvements, as well as amortization expense, excluding intangible assets, primarily for capitalized internally developed software are shown in the following table: Table 75: Depreciation and Amortization Expense (a) Year ended December 31 In millions 2024 2023 2022 Depreciation $ 912 $ 900 $ 899 Amortization 139 138 130 Total depreciation and amortization $ 1,051 $ 1,038 $ 1,029 (a) Included in Occupancy and Equipment expense on the Consolidated Income Statement.

Time Deposits

Time Deposits	12 Months Ended
	Dec. 31, 2024
Deposits [Abstract]
Time Deposits	T IME D EPOSITS The aggregate amount of time deposit accounts (including certificates of deposits) in denominations that met or exceeded the insured limit were $9.2 billion at December 31, 2024. Table 76 shows the total amount of time deposits at December 31, 2024 by future contractual maturity range: Table 76: Time Deposits In billions 2025 $ 33.8 2026 0.2 2027 0.1 2028 0.1 2029 (a) 2030 and thereafter 0.1 Total $ 34.3 (a)

Borrowed Funds

Borrowed Funds	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Borrowed Funds	B ORROWED F UNDS The following table shows the carrying value of total borrowed funds at December 31, 2024 (including adjustments related to accounting hedges, purchase accounting and unamortized original issuance discounts) by remaining contractual maturity: Table 77: Borrowed Funds In millions 2025 $ 18,131 2026 9,758 2027 7,964 2028 5,054 2029 4,539 2030 and thereafter 16,227 Total $ 61,673 The following table presents the contractual rates and maturity dates of our FHLB advances, senior debt and subordinated debt as of December 31, 2024 and the carrying values as of December 31, 2024 and 2023. Table 78: FHLB Advances, Senior Debt and Subordinated Debt Stated Rate Maturity Carrying Value Dollars in millions 2024 2024 2024 2023 Parent Company Senior debt 1.15% - 6.88% 2026 - 2035 $ 27,369 $ 22,221 Subordinated debt 4.63% 2033 777 1,544 Junior subordinated debt 5.33% 2028 206 206 Total Parent Company 28,352 23,971 Bank Federal Home Loan Bank advances (a) 4.63% - 4.96% 2025 - 2028 22,000 38,000 Senior debt 2.95% - 4.87% 2025 - 2043 5,128 4,615 Subordinated debt 2.70% - 5.90% 2025 - 2029 3,121 3,125 Total Bank 30,249 45,740 Total $ 58,601 $ 69,711 (a) FHLB advances are generally collateralized by residential mortgage loans, other mortgage-related loans and investment securities. In Table 78, the carrying values for Parent Company senior and subordinated debt include basis adjustments of $(753) million and $(70) million, respectively, whereas Bank senior and subordinated debt include basis adjustments of $(90) million and $(144) million, respectively, related to fair value accounting hedges as of December 31, 2024. Certain borrowings are reported at fair value, refer to Note 14 Fair Value for more information on those borrowings. Junior Subordinated Debentures PNC Capital Trust C, a wholly-owned finance subsidiary of The PNC Financial Services Group, Inc., owns junior subordinated debentures issued by PNC with a carrying value of $206 million. In June 1998, PNC Capital Trust C issued $200 million of trust preferred securities. The trust preferred securities are currently redeemable by PNC Capital Trust C at par. In accordance with GAAP, the financial statements of the Trust are not included in our consolidated financial statements. The obligations of The PNC Financial Services Group, Inc., as the parent of the Trust, when taken collectively, are the equivalent of a full and unconditional guarantee of the obligations of the Trust under the terms of the trust preferred securities. Such guarantee is subordinate in right of payment in the same manner as other junior subordinated debt. There are certain restrictions on our overall ability to obtain funds from our subsidiaries. For additional disclosure on these funding restrictions, see Note 19 Regulatory Matters. We are subject to certain restrictions, including restrictions on dividend payments, in connection with the outstanding junior subordinated debentures. Generally, if (i) there is an event of default under the debentures, (ii) we elect to defer interest on the debentures, (iii) we exercise our right to defer payments on the related trust preferred securities, or (iv) there is a default under our guarantee of such payment obligations, subject to certain limited exceptions, we would be unable during the period of such default or deferral to make payments on our debt securities that rank equal or junior to the debentures as well as to make payments on our equity securities, including dividend payments.

Commitments

Commitments	12 Months Ended
	Dec. 31, 2024
Commitments and Guarantees [Abstract]
Commitments	COMMITMENTS In the normal course of business, we have various commitments outstanding, certain of which are not included on our Consolidated Balance Sheet. The following table presents our outstanding commitments to extend credit along with other commitments as of December 31, 2024 and 2023. Table 79: Commitments to Extend Credit and Other Commitments In millions December 31, 2024 December 31, 2023 Commitments to extend credit Commercial $ 209,864 $ 203,080 Home equity 24,086 23,970 Credit card 36,447 33,978 Other 7,388 7,363 Total commitments to extend credit 277,785 268,391 Net outstanding standby letters of credit (a) 11,251 10,913 Standby bond purchase agreements (b) 1,095 1,078 Other commitments (c) 4,969 4,386 Total commitments to extend credit and other commitments $ 295,100 $ 284,768 (a) Net outstanding standby letters of credit that support remarketing programs were $3.7 billion and $3.9 billion at December 31, 2024 and 2023, respectively. (b) We enter into standby bond purchase agreements to support municipal bond obligations. (c) Includes $2.2 billion and $2.1 billion related to investments in qualified affordable housing projects at December 31, 2024 and 2023, respectively. Commitments to Extend Credit Commitments to extend credit, or net unfunded loan commitments, represent arrangements to lend funds or provide liquidity subject to specified contractual conditions. These commitments generally have fixed expiration dates, may require payment of a fee and generally contain termination clauses in the event the customer’s credit quality deteriorates. Net Outstanding Standby Letters of Credit We issue standby letters of credit and share in the risk of standby letters of credit issued by other financial institutions, in each case to support obligations of our customers to third parties, such as insurance requirements and the facilitation of transactions involving capital markets product execution. Approximately 97% of our net outstanding standby letters of credit were rated as Pass at December 31, 2024, with the remainder rated as Criticized. An internal credit rating of Pass indicates the expected risk of loss is currently low, while a rating of Criticized indicates a higher degree of risk. If the customer fails to meet its financial or performance obligation to the third party under the terms of the contract or there is a need to support a remarketing program, then upon a draw by a beneficiary, subject to the terms of the letter of credit, we would be obligated to make payment to them. The standby letters of credit outstanding on December 31, 2024 had terms ranging from less than one year to seven years. As of December 31, 2024, assets of $1.0 billion secured certain specifically identified standby letters of credit. In addition, a portion of the remaining standby letters of credit issued on behalf of specific customers was also secured by collateral or guarantees that secure the customers’ other obligations to us. The carrying amount of the liability for our obligations related to standby letters of credit and participations in standby letters of credit was $0.2 billion at December 31, 2024 and is included in Other liabilities on our Consolidated Balance Sheet.

Equity

Equity	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
Equity	E QUITY Preferred Stock The following table provides the number of preferred shares issued and outstanding, the liquidation value per share and the number of authorized preferred shares: Table 80: Preferred Stock - Authorized, Issued and Outstanding Preferred Shares December 31 Liquidation 2024 2023 Authorized $1 par value 20,000 20,000 Issued and outstanding Series B $ 40 1 1 Series R (a) $ 100,000 5 Series S $ 100,000 5 5 Series T $ 100,000 15 15 Series U $ 100,000 10 10 Series V $ 100,000 12 12 Series W $ 100,000 15 15 Total issued and outstanding 58 63 (a) On December 2, 2024, PNC redeemed all 5,000 shares of its Series R preferred stock, as well as all 500,000 depositary shares each representing a fractional interest in such shares. The following table discloses information related to the preferred stock outstanding as of December 31, 2024: Table 81: Terms of Outstanding Preferred Stock Preferred Stock Issue Number of Fractional Interest in a Share of Preferred Stock Represented by Each Depositary Share Dividend Dates (a) Annual Per Share Dividend Rate Optional Series B (c) (c) N/A N/A Quarterly $ 1.80 None Series S (d) November 1, 2016 525,000 1/100 th Semi-annually 5.00% until November 1, 2026 3 Mo. CME Term SOFR plus 0.26161% plus 3.30% beginning November 1, 2026 November 1, 2026 Series T (d) September 13, 2021 1.5 million 1/100 th Quarterly 3.40% until September 15, 2026 5 Yr. U.S. Treasury plus 2.595% per annum beginning September 15, 2026 September 15, 2026 Series U (d) April 26, 2022 1 million 1/100 th Quarterly 6.00% until May 15, 2027 5 Yr. U.S. Treasury plus 3.00% per annum beginning May 15, 2027 May 15, 2027 Series V (d) August 19, 2022 1.25 million 1/100 th Quarterly 6.20% until September 15, 2027 5 Yr. U.S. Treasury plus 3.238% per annum beginning September 15, 2027 September 15, 2027 Series W (d) February 7, 2023 1.5 million 1/100 th Quarterly 6.25% until March 15, 2030 7 Yr. U.S. Treasury plus 2.808% per annum beginning March 15, 2030 March 15, 2030 (a) Dividends are payable when, as, and if declared by our Board of Directors or an authorized committee of our Board of Directors. (b) Redeemable at our option on or after the date stated. With the exception of the Series B preferred stock, also redeemable at our option within 90 days of a regulatory capital treatment event as defined in the designations. (c) Cumulative preferred stock. Holders of Series B preferred stock are entitled to 8 votes per share, which is equal to the number of full shares of common stock into which the Series B preferred stock is convertible. The Series B preferred stock was issued in connection with the consolidation of Pittsburgh National Corporation and Provident National Corporation in 1983. (d) Non-Cumulative preferred stock. Each outstanding series of preferred stock, other than Series B, contains restrictions on our ability to pay dividends and make other shareholder payments. Subject to limited exceptions, if dividends are not paid on any such series of preferred stock, we cannot declare dividends on or repurchase shares of our common stock. In addition, if we would like to repurchase shares of preferred stock, such repurchases must be on a pro rata basis with respect to all such series of preferred stock. The following table provides the dividends per share for PNC’s common and preferred stock: Table 82: Dividends Per Share December 31 2024 2023 2022 Common Stock $ 6.30 $ 6.10 $ 5.75 Preferred Stock Series B $ 1.80 $ 1.80 $ 1.80 Series O $ 8,848 $ 4,881 Series P $ 6,181 Series R $ 8,715 $ 6,808 $ 4,850 Series S $ 5,000 $ 5,000 $ 5,000 Series T $ 3,400 $ 3,400 $ 3,400 Series U $ 6,000 $ 6,000 $ 3,317 Series V $ 6,200 $ 6,200 $ 1,998 Series W $ 6,250 $ 5,347 On January 3, 2025, the PNC Board of Directors declared a quarterly cash dividend on common stock of $1.60 per share, paid on February 5, 2025. Other Shareholders’ Equity Matters At December 31, 2024, we had reserved approximately 78 million common shares to be issued in connection with certain stock plans.

Other Comprehensive Income

Other Comprehensive Income	12 Months Ended
	Dec. 31, 2024
Other Comprehensive Income [Abstract]
Other Comprehensive Income	O THER C OMPREHENSIVE I NCOME Details of other comprehensive income (loss) are as follows: Table 83: Other Comprehensive Income (Loss) Year ended December 31 2024 2023 2022 In millions Pre-tax Tax effect After-tax Pre-tax Tax effect After-tax Pre-tax Tax effect After-tax Debt securities Net unrealized gains (losses) on securities $ (363) $ 89 $ (274) $ 840 $ (202) $ 638 $ (10,866) $ 2,561 $ (8,305) Less: Net realized gains (losses) reclassified to earnings (a) (1,328) 323 (1,005) (913) 217 (696) (723) 171 (552) Net change 965 (234) 731 1,753 (419) 1,334 (10,143) 2,390 (7,753) Cash flow hedge derivatives Net unrealized gains (losses) on cash flow hedge derivatives (790) 192 (598) (237) 65 (172) (3,536) 833 (2,703) Less: Net realized gains (losses) reclassified to earnings (a) (1,317) 320 (997) (1,540) 376 (1,164) (260) 61 (199) Net change 527 (128) 399 1,303 (311) 992 (3,276) 772 (2,504) Pension and other postretirement benefit plan Net pension and other postretirement benefit plan activity and other reclassified to earnings (b) 21 (5) 16 166 (40) 126 (363) 85 (278) Net change 21 (5) 16 166 (40) 126 (363) 85 (278) Other Net unrealized gains (losses) on other transactions 1 1 5 3 8 (5) (41) (46) Net change 1 1 5 3 8 (5) (41) (46) Total other comprehensive income (loss) $ 1,514 $ (367) $ 1,147 $ 3,227 $ (767) $ 2,460 $ (13,787) $ 3,206 $ (10,581) (a) Reclassifications for pre-tax debt securities and cash flow hedges are recorded in Interest income and Noninterest income on the Consolidated Income Statement. (b) Reclassifications include amortization of actuarial losses (gains) and amortization of prior period services costs (credits) which are recorded in Noninterest expense on the Consolidated Income Statement. Table 84: Accumulated Other Comprehensive Income (Loss) Components In millions, after-tax Debt securities Cash flow hedge derivatives Pension and other postretirement benefit plan adjustments Other Accumulated other comprehensive income Balance at December 31, 2021 $ 589 $ (201) $ 27 $ (6) $ 409 Net activity (7,753) (2,504) (278) (46) (10,581) Balance at December 31, 2022 $ (7,164) $ (2,705) $ (251) $ (52) $ (10,172) Net activity 1,334 992 126 8 2,460 Balance at December 31, 2023 (a) $ (5,830) $ (1,713) $ (125) $ (44) $ (7,712) Net activity 731 399 16 1 1,147 Balance at December 31, 2024 (a) $ (5,099) $ (1,314) $ (109) $ (43) $ (6,565) (a) AOCI included pretax losses of $275 million and $293 million from derivatives that hedged the purchase of investment securities classified as held-to-maturity at December 31, 2024 and December 31, 2023, respectively.

Earnings per Share

Earnings per Share	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Earnings per Share	E ARNINGS P ER S HARE Table 85: Basic and Diluted Earnings Per Common Share In millions, except per share data 2024 2023 2022 Basic Net income $ 5,953 $ 5,647 $ 6,113 Less: Net income attributable to noncontrolling interests 64 69 72 Preferred stock dividends 352 417 301 Preferred stock discount accretion and redemptions 8 8 5 Net income attributable to common shareholders 5,529 5,153 5,735 Less: Dividends and undistributed earnings allocated to nonvested restricted shares 33 27 27 Net income attributable to basic common shareholders $ 5,496 $ 5,126 $ 5,708 Basic weighted-average common shares outstanding 399 401 412 Basic earnings per common share (a) $ 13.76 $ 12.80 $ 13.86 Diluted Net income attributable to diluted common shareholders $ 5,496 $ 5,126 $ 5,708 Basic weighted-average common shares outstanding 399 401 412 Diluted potential common shares 1 Diluted weighted-average common shares outstanding 400 401 412 Diluted earnings per common share (a) $ 13.74 $ 12.79 $ 13.85 (a) Basic and diluted earnings per share under the two-class method are determined on net income reported on the income statement less earnings allocated to nonvested restricted shares and restricted share units with nonforfeitable dividends and dividend rights (participating securities).

Fair Value

Fair Value	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value	F AIR V ALUE Fair Value Measurement We measure certain financial assets and liabilities at fair value. Fair value is defined as the price that would be received to sell an asset or the price that would be paid to transfer a liability on the measurement date and is determined using an exit price in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. The fair value hierarchy established by GAAP requires us to maximize the use of observable inputs when measuring fair value. The three levels of the fair value hierarchy are: • Level 1: Fair value is determined using a quoted price in an active market for identical assets or liabilities. Level 1 assets and liabilities may include debt securities, equity securities and listed derivative contracts that are traded in an active exchange market, and certain U.S. Treasury securities that are actively traded in over-the-counter markets. • Level 2: Fair value is estimated using inputs other than quoted prices included within Level 1 that are observable for assets or liabilities, either directly or indirectly. The majority of Level 2 assets and liabilities include debt securities and listed derivative contracts with quoted prices that are traded in markets that are not active, and certain debt and equity securities and over-the-counter derivative contracts whose fair value is determined using a pricing model without significant unobservable inputs. • Level 3: Fair value is estimated using unobservable inputs that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models and discounted cash flow methodologies, or similar techniques for which the significant valuation inputs are not observable and the determination of fair value requires significant management judgment or estimation. We characterize active markets as those where transaction volumes are sufficient to provide objective pricing information, with reasonably narrow bid/ask spreads, and where dealer quotes received do not vary widely and are based on current information. Inactive markets are typically characterized by low transaction volumes, price quotations that vary substantially among market participants or are not based on current information, wide bid/ask spreads, a significant increase in implied liquidity risk premiums, yields, or performance indicators for observed transactions or quoted prices compared to historical periods, a significant decline or absence of a market for new issuance, or any combination of the above factors. We also consider nonperformance risks, including credit risk, as part of our valuation methodology for all assets and liabilities measured at fair value. Assets and liabilities measured at fair value, by their nature, result in a higher degree of financial statement volatility. Assets and liabilities classified within Level 3 inherently require the use of various assumptions, estimates and judgments when measuring their fair value. As observable market activity is commonly not available to use when estimating the fair value of Level 3 assets and liabilities, we must estimate fair value using various modeling techniques. These techniques include the use of a variety of inputs/assumptions including credit quality, liquidity, interest rates or other relevant inputs across the entire population of our Level 3 assets and liabilities. Changes in the significant underlying factors or assumptions (either an increase or a decrease) in any of these areas underlying our estimates may have resulted in a significant increase/decrease in the Level 3 fair value measurement of a particular asset and/or liability from period to period. Any models used to determine fair values or to validate dealer quotes are subject to review and independent testing as part of our model validation and internal control testing processes. Our Model Risk Management Group reviews significant models on at least an annual basis. In addition, the Valuation Committee approves valuation methodologies and reviews the results of independent valuation reviews and processes for assets and liabilities measured at fair value on a recurring basis. Assets and Liabilities Measured at Fair Value on a Recurring Basis Residential Mortgage Loans Held for Sale We account for certain residential mortgage loans originated for sale at fair value on a recurring basis. The election of the fair value option aligns the accounting for the residential mortgages with the related hedges. Residential mortgage loans are valued based on quoted market prices, where available, prices for other traded mortgage loans with similar characteristics, and purchase commitments and bid information received from market participants. The prices are adjusted as necessary to include the embedded servicing value in the loans and to take into consideration the specific characteristics of certain loans that are priced based on the pricing of similar loans. These adjustments represent unobservable inputs to the valuation but are not considered significant given the relative insensitivity of the value to changes in these inputs to the fair value of the loans. Accordingly, the majority of residential mortgage loans held for sale are classified as Level 2. Commercial Mortgage Loans Held for Sale We account for certain commercial mortgage loans classified as held for sale in whole loan transactions at fair value. We determine the fair value of commercial mortgage loans held for sale based upon discounted cash flows. Fair value is determined using sale valuation assumptions that management believes a market participant would use in pricing the loans. For loans to be sold to agencies with servicing retained, the fair value is adjusted for the estimated servicing cash flows, which is an unobservable input. This adjustment is not considered significant given the relative insensitivity of the value to changes in the input to the fair value of the loans. Accordingly, commercial mortgage loans held for sale to agencies are classified as Level 2. Valuation assumptions may include observable inputs based on the benchmark interest rate swap curve, whole loan sales and agency sales transactions. The significant unobservable input for commercial mortgage loans held for sale, excluding those to be sold to agencies, is management’s assumption of the spread applied to the benchmark rate. The spread over the benchmark curve includes management’s assumptions of the impact of credit and liquidity risk. Significant increases (decreases) in the spread applied to the benchmark would have resulted in a significantly lower (higher) asset value. The wide range of the spread over the benchmark curve is due to the varying risk and underlying property characteristics within our portfolio. Based on the significance of the unobservable input, we classified this portfolio as Level 3. Securities Available-for-Sale and Trading Securities Securities accounted for at fair value include both the available-for-sale and trading portfolios. We primarily use prices obtained from pricing services, dealer quotes or recent trades to determine the fair value of securities. The majority of securities were priced by third-party vendors. The third-party vendors use a variety of methods when pricing securities that incorporate relevant market data to arrive at an estimate of what a buyer in the marketplace would pay for a security under current market conditions. We monitor and validate the reliability of vendor pricing on an ongoing basis through pricing methodology reviews, including detailed reviews of the assumptions and inputs used by the vendor to price individual securities, and through price validation testing. Securities not priced by one of our pricing vendors may be valued using a dealer quote, which are also subject to price validation testing. Price validation testing is performed independent of the risk-taking function and involves corroborating the prices received from third-party vendors and dealers with prices from another third party or through other sources, such as internal valuations or sales of similar securities. Security prices are also validated through actual cash settlement upon sale of a security. Securities are classified within the fair value hierarchy after considering the activity level in the market for the security type and the observability of the inputs used to determine the fair value. When a quoted price in an active market exists for the identical security, this price is used to determine fair value and the security is classified within Level 1 of the hierarchy. Level 1 securities include U.S. Treasury securities. When a quoted price in an active market for the identical security is not available, fair value is estimated using either an alternative market approach, such as a recent trade or matrix pricing, or an income approach, such as a discounted cash flow pricing model. If the inputs to the valuation are based primarily on market observable information, then the security is classified within Level 2 of the hierarchy. Level 2 securities include agency debt securities, agency residential mortgage-backed securities, agency and non-agency commercial mortgage-backed securities, certain non-agency residential mortgage-backed securities, asset-backed securities collateralized by non-mortgage-related corporate and consumer loans, and other debt securities. Level 2 securities are predominantly priced by third parties, either by a pricing vendor or dealer. In certain cases where there is limited activity or less transparency around the inputs to the valuation, securities are classified within Level 3 of the hierarchy. Securities classified as Level 3 consist primarily of non-agency residential mortgage-backed and asset-backed securities collateralized by first- and second-lien residential mortgage loans. Fair value for these securities is primarily estimated using pricing obtained from third-party vendors. In some cases, fair value is estimated using a dealer quote, by reference to prices of securities of a similar vintage and collateral type or by reference to recent sales of similar securities. Market activity for these security types is limited with little price transparency. As a result, these securities are generally valued by the third-party vendor using a discounted cash flow approach that incorporates significant unobservable inputs and observable market activity where available. Significant inputs to the valuation include prepayment projections and credit loss assumptions (default rate and loss severity) and discount rates that are deemed representative of current market conditions. Significant increases (decreases) in any of those assumptions in isolation would have resulted in a significantly lower (higher) fair value measurement. Certain infrequently traded debt securities within other debt securities available-for-sale and trading securities are also classified in Level 3 and are included in the Insignificant Level 3 assets, net of liabilities line item in Table 88. The significant unobservable inputs used to estimate the fair value of these securities include an estimate of expected credit losses and a discount for liquidity risk. These inputs are incorporated into the fair value measurement by either increasing the spread over the benchmark curve or by applying a credit and liquidity discount to the par value of the security. Significant increases (decreases) in credit and/or liquidity risk could have resulted in a significantly lower (higher) fair value estimate. Loans Loans accounted for at fair value consist primarily of residential mortgage loans. These loans are generally valued similarly to residential mortgage loans held for sale and are classified as Level 2. However, similar to residential mortgage loans held for sale, if these loans are repurchased and unsalable, they are classified as Level 3. In addition, repurchased VA loans, where only a portion of the principal will be reimbursed, are classified as Level 3. The fair value is determined using a discounted cash flow calculation based on our historical loss rate. We have elected to account for certain home equity lines of credit at fair value. These loans are classified as Level 3. Significant inputs to the valuation of these loans include credit and liquidity discount, cumulative default rate, loss severity and gross discount rate and are deemed representative of current market conditions. Significant increases (decreases) in any of these assumptions would have resulted in a significantly lower (higher) fair value measurement. Equity Investments Equity investments includes money market mutual funds as well as direct and indirect private equity investments. Money market mutual funds are valued based on quoted prices in active markets for identical securities and classified within Level 1 of the hierarchy. The valuation of direct and indirect private equity investments requires significant management judgment due to the absence of quoted market prices, inherent lack of liquidity and the long-term nature of such investments. Various valuation techniques are used for direct investments, including multiples of adjusted earnings of the entity, independent appraisals, anticipated financing and sale transactions with third parties, or the pricing used to value the entity in a recent financing transaction. A multiple of adjusted earnings calculation is the valuation technique utilized most frequently and is the most significant unobservable input used in such calculation. Significant decreases (increases) in the multiple of earnings could have resulted in a significantly lower (higher) fair value measurement. Generally, direct equity investments are classified as Level 3. Indirect investments are not redeemable; however, we receive distributions over the life of the partnerships from liquidation of the underlying investments by the investee, which we expect to occur over the next 12 years. We value indirect investments in private equity funds using the NAV practical expedient as provided in the financial statements that we receive from fund managers. Due to the time lag in our receipt of the financial information and based on a review of investments and valuation techniques applied, adjustments to the manager-provided value are made when available recent portfolio company information or market information indicates a significant change in value from that provided by the manager of the fund. Indirect investments valued using NAV are not classified in the fair value hierarchy. Mortgage Servicing Rights (MSRs) MSRs are carried at fair value on a recurring basis. Assumptions incorporated into the MSRs valuation model reflect management’s best estimate of factors that a market participant would use in valuing the MSRs. Although sales of MSRs do occur and can offer some market insight, MSRs do not trade in an active, open market with readily observable prices so the precise terms and conditions of sales are not available. Residential MSRs The fair value of residential MSRs is estimated by using a discounted cash flow model incorporating unobservable inputs for assumptions such as constant prepayment rates, spread over the benchmark curve, and other factors. Due to the nature of the unobservable valuation inputs, residential MSRs are classified as Level 3. The significant unobservable inputs used in the fair value measurement of residential MSRs are constant prepayment rates and spread over the benchmark curve. Significant increases (decreases) in prepayment rates and spread over the benchmark curve would have resulted in lower (higher) fair market value of residential MSRs. As a benchmark for the reasonableness of our residential MSRs fair value, we obtained opinions of value from independent brokers. These brokers provided a range (+/-10 bps) based upon their own discounted cash flow calculations of our portfolio that reflect conditions in the secondary market and any recently executed servicing transactions. We compare our internally-developed residential MSRs value to the ranges of values received from the brokers. If our residential MSRs fair value falls outside of the brokers’ ranges, management will assess whether a valuation adjustment is warranted. For the periods presented, our residential MSRs value did not fall outside of the brokers’ ranges. Commercial MSRs The fair value of commercial MSRs is estimated by using a discounted cash flow model incorporating unobservable inputs for assumptions such as constant prepayment rates, discount rates and other factors. Due to the nature of the unobservable valuation inputs and the limited availability of market pricing, commercial MSRs are classified as Level 3. Significant increases (decreases) in constant prepayment rates and discount rates would have resulted in significantly lower (higher) commercial MSR value determined based on current market conditions and expectations. Financial Derivatives Exchange-traded derivatives are valued using quoted market prices and are classified as Level 1. The majority of derivatives that we enter into are executed over-the-counter and are valued using internal models. These derivatives are primarily classified as Level 2, as the readily observable market inputs to these models are validated to external sources, such as industry pricing services, or are corroborated through recent trades, dealer quotes, yield curves, implied volatility or other market-related data. Level 2 financial derivatives are primarily estimated using observable benchmark interest rate swaps to construct projected discounted cash flows. Financial derivatives that are priced using significant management judgment or assumptions are classified as Level 3. Unobservable inputs related to interest rate contracts include probability of funding of residential mortgage loan commitments and estimated servicing cash flows of commercial and residential mortgage loan commitments. Probability of default and loss severity are the significant unobservable inputs used in the valuation of risk participation agreements. The fair values of Level 3 assets and liabilities related to these interest rate contract financial derivatives as of December 31, 2024 and 2023 are included in the Insignificant Level 3 assets, net of liabilities line item in Table 88 of this Note 14. In connection with the sales of portions of our Visa Class B common shares, we entered into swap agreements with the purchasers of those shares to retain any future risk of decreases in the conversion rate of Class B common shares to Class A common shares resulting from increases in the escrow funded by Visa to pay for the costs of resolution of the pending interchange litigation (see Note 20 Legal Proceedings). These swaps also require PNC to make periodic payments based on the market price of the Class A common shares at a fixed rate of interest (in certain cases subject to step-up provisions) until the Visa litigation is resolved. An increase in the estimated length of litigation resolution date, a decrease in the estimated conversion rate or an increase in the estimated growth rate of the Class A share price would have had a negative impact on the fair value of the swaps and vice versa. In the second quarter of 2024, PNC participated in the Visa exchange program, allowing PNC to monetize approximately 50% of its Visa Class B-1 shares. Accordingly, our underlying swap exposure decreased in 2024 as a result of this transaction. The fair values of our derivatives include a credit and funding valuation adjustment to reflect our own and our counterparties’ nonperformance risk. Our credit valuation adjustment is computed using credit default swap spreads, in conjunction with internal historical recovery observations. Other Assets and Liabilities Other assets held at fair value on a recurring basis primarily include assets related to PNC’s deferred compensation and supplemental incentive savings plans. The assets related to PNC’s deferred compensation and supplemental incentive savings plans primarily consist of a prepaid forward contract referencing an amount of shares of PNC stock, equity mutual funds and fixed income funds, and are valued based on the underlying investments. These assets are valued either by reference to the market price of PNC’s stock or by using the quoted market prices for investments other than PNC’s stock and are included in Levels 1 and 2. All Level 3 other assets and liabilities are included in the Insignificant Level 3 assets, net of liabilities line item in Table 88 in this Note 14. Other Borrowed Funds Other borrowed funds primarily consist of U.S. Treasury securities sold short which are classified as Level 1. Other borrowed funds also includes the related liability for certain repurchased loans for which we have elected the fair value option and are classified as either Level 2 or Level 3, consistent with the level classification of the corresponding loans. All Level 3 amounts are included in the Insignificant Level 3 assets, net of liabilities line item in Table 88 in this Note 14. The following table summarizes our assets and liabilities measured at fair value on a recurring basis, including instruments for which we have elected the fair value option: Table 86: Fair Value Measurements – Recurring Basis Summary December 31, 2024 December 31, 2023 In millions Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Residential mortgage loans held for sale $ 560 $ 68 $ 628 $ 371 $ 103 $ 474 Commercial mortgage loans held for sale 199 4 203 227 11 238 Securities available-for-sale U.S. Treasury and government agencies $ 22,534 1,017 23,551 $ 6,292 659 6,951 Residential mortgage-backed Agency 30,626 30,626 27,880 27,880 Non-agency 603 603 696 696 Commercial mortgage-backed Agency 1,945 1,945 1,546 1,546 Non-agency 588 103 691 766 103 869 Asset-backed 2,299 93 2,392 1,014 102 1,116 Other 2,177 54 2,231 2,672 55 2,727 Total securities available-for-sale 22,534 38,652 853 62,039 6,292 34,537 956 41,785 Loans 486 670 1,156 512 726 1,238 Equity investments (a) 825 2,111 3,132 574 1,952 2,717 Residential mortgage servicing rights 2,626 2,626 2,654 2,654 Commercial mortgage servicing rights 1,085 1,085 1,032 1,032 Trading securities (b) 987 1,787 2,774 377 2,422 2,799 Financial derivatives (b) (c) 3 3,004 4 3,011 29 3,394 6 3,429 Other assets 449 133 10 592 403 85 8 496 Total assets (d) $ 24,798 $ 44,821 $ 7,431 $ 77,246 $ 7,675 $ 41,548 $ 7,448 $ 56,862 Liabilities Other borrowed funds $ 1,161 $ 128 $ 10 $ 1,299 $ 724 $ 84 $ 9 $ 817 Financial derivatives (c) (e) 11 5,334 150 5,495 11 5,736 152 5,899 Other liabilities 28 177 205 237 237 Total liabilities (f) $ 1,172 $ 5,490 $ 337 $ 6,999 $ 735 $ 5,820 $ 398 $ 6,953 (a) Certain investments that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. (b) Included in Other assets (c) Amounts at December 31, 2024 and 2023 are presented gross and are not reduced by the impact of legally enforceable master netting agreements that allow us to net positive and negative positions and cash collateral held or placed with the same counterparty. See Note 15 Financial Derivatives for additional information related to derivative offsetting. (d) Total assets at fair value as a percentage of total consolidated assets was 14% and 10% at December 31, 2024 and 2023, respectively. Level 3 assets as a percentage of total assets at fair value was 10% and 13% as of December 31, 2024 and 2023, respectively. Level 3 assets as a percentage of total consolidated assets was 1% at both December 31, 2024 and 2023. (e) Included in Other liabilities (f) Total liabilities at fair value as a percentage of total consolidated liabilities was 1% at both December 31, 2024 and 2023. Level 3 liabilities as a percentage of total liabilities at fair value was 5% and 6% as of December 31, 2024 and 2023, respectively. Level 3 liabilities as a percentage of total consolidated liabilities was less than 1% at both December 31, 2024 and 2023. Reconciliations of assets and liabilities measured at fair value on a recurring basis using Level 3 inputs for 2024 and 2023 are as follows: Table 87: Reconciliation of Level 3 Assets and Liabilities Year Ended December 31, 2024 Total realized / unrealized Unrealized Level 3 Instruments Only Fair Included in Included Purchases Sales Issuances Settlements Transfers Transfers Fair Assets Residential mortgage $ 103 $ (1) $ 20 $ (38) $ (7) $ 8 $ (17) (d) $ 68 $ (1) Commercial mortgage 11 1 (8) 4 Securities available-for-sale Residential mortgage- 696 14 $ (1) (106) 603 Commercial mortgage- 103 103 Asset-backed 102 1 1 (11) 93 Other 55 (3) 1 6 (5) 54 (2) Total securities 956 12 1 6 (122) 853 (2) Loans 726 13 23 (2) (80) 16 (26) (d) 670 13 Equity investments 1,952 83 358 (282) 2,111 57 Residential mortgage 2,654 155 43 $ 28 (254) 2,626 155 Commercial mortgage 1,032 262 64 44 (317) 1,085 262 Financial derivatives 6 24 4 (30) 4 30 Other assets 8 1 1 10 Total assets $ 7,448 $ 549 $ 2 $ 519 $ (322) $ 72 $ (818) $ 24 $ (43) $ 7,431 $ 514 Liabilities Other borrowed funds $ 9 $ 14 $ (13) $ 10 Financial derivatives 152 $ 272 $ 4 (278) 150 $ 279 Other liabilities 237 (4) 41 (97) 177 19 Total liabilities $ 398 $ 268 $ 4 $ 55 $ (388) $ 337 $ 298 Net gains (losses) $ 281 (e) $ 216 (f) (Continued from previous page) Year Ended December 31, 2023 Total realized / unrealized Unrealized gains / losses for the period on assets and liabilities held on Consolidated Balance Sheet at Dec. 31, 2023 (a) (c) Level 3 Instruments Only Fair Value Dec. 31, 2022 Included in Earnings Included in Other comprehensive income (b) Purchases Sales Issuances Settlements Transfers into Level 3 Transfers out of Level 3 Fair Value Dec. 31, 2023 Assets Residential mortgage $ 243 $ 1 $ 15 $ (131) $ (10) $ 7 $ (22) (d) $ 103 $ 1 Commercial mortgage 33 1 (23) 11 Securities available-for-sale Residential mortgage- 819 15 $ (11) (127) 696 Commercial mortgage- 3 8 92 103 Asset-backed 124 1 (1) (22) 102 Other 55 (1) (3) 6 (5) 3 55 Total securities 1,001 15 (7) 6 (154) 95 956 Loans 769 15 47 (2) (98) 21 (26) (d) 726 15 Equity investments 1,778 140 768 (600) (134) (g) 1,952 92 Residential mortgage 2,310 115 444 (1) $ 23 (237) 2,654 115 Commercial mortgage 1,113 157 44 50 (332) 1,032 157 Financial derivatives 5 19 4 (22) 6 24 Other assets 1 7 8 Total assets $ 7,252 $ 464 $ (7) $ 1,335 $ (734) $ 73 $ (876) $ 123 $ (182) $ 7,448 $ 404 Liabilities Other borrowed funds $ 4 $ 13 $ (8) $ 9 Financial derivatives 123 $ 266 $ 5 (242) 152 $ 272 Other liabilities 294 56 442 (555) 237 41 Total liabilities $ 421 $ 322 $ 5 $ 455 $ (805) $ 398 $ 313 Net gains (losses) $ 142 (e) $ 91 (f) (a) Losses for assets are bracketed while losses for liabilities are not. (b) The difference in unrealized gains and losses for the period included in Other comprehensive income and changes in unrealized gains and losses for the period included in Other comprehensive income for securities available-for-sale held at the end of the reporting period were insignificant. (c) The amount of the total gains or losses for the period included in earnings that is attributable to the change in unrealized gains or losses related to those assets and liabilities held at the end of the reporting period. (d) Residential mortgage loan transfers out of Level 3 are primarily driven by residential mortgage loans transferring to OREO as well as reclassification of mortgage loans held for sale to held for investment. (e) Net gains (losses) realized and unrealized included in earnings related to Level 3 assets and liabilities included amortization and accretion. The amortization and accretion amounts were included in Interest income (f) Net unrealized gains (losses) related to assets and liabilities held at the end of the reporting period were included in Noninterest income (g) Transfers out of Level 3 during the current period were due to valuation methodology changes for certain private company investments. See Note 1 Accounting Policies for more information on our accounting for private company investments. An instrument’s categorization within the hierarchy is based on the lowest level of input that is significant to the fair value measurement. Changes from one quarter to the next related to the observability of inputs to a fair value measurement may result in a reclassification (transfer) of assets or liabilities between hierarchy levels. Quantitative information about the significant unobservable inputs within Level 3 recurring assets and liabilities is as follows: Table 88: Fair Value Measurements – Recurring Quantitative Information December 31, 2024 Level 3 Instruments Only Fair Value Valuation Techniques Unobservable Inputs Range (Weighted-Average) (a) Commercial mortgage loans held for sale $ 4 Discounted cash flow Spread over the benchmark curve (b) 560bps - 1,075bps (970bps) Residential mortgage-backed 603 Priced by a third-party vendor using a discounted cash flow pricing model Constant prepayment rate 1.0% - 27.9% (4.2%) Constant default rate 0.0% - 12.0% (1.9%) Loss severity 15.0% - 69.0% (42.4%) Spread over the benchmark curve (b) 216bps weighted-average Asset-backed securities 93 Priced by a third-party vendor using a discounted cash flow pricing model Constant prepayment rate 1.0% - 8.0% (3.8%) Constant default rate 0.0% - 7.1% (1.5%) Loss severity 35.0% - 100.0% (45.3%) Spread over the benchmark curve (b) 170bps weighted-average Loans - Residential real estate - Uninsured 504 Consensus pricing (c) Cumulative default rate 3.6% - 100.0% (52.5%) Loss severity 0.0% - 100.0% (5.0%) Discount rate 5.5% - 7.5% (5.7%) Loans - Residential real estate 73 Discounted cash flow Loss severity 6.0% weighted-average Discount rate 7.2% weighted-average Loans - Home equity - First-lien 14 Consensus pricing (c) Cumulative default rate 3.6% - 100.0% (51.6%) Loss severity 0.0% - 100.0% (12.3%) Discount rate 5.5% - 7.5% (6.1%) Loans - Home equity - Second-lien 79 Consensus pricing (c) Credit and liquidity discount 0.3% - 100.0% (41.2%) Equity investments 2,111 Multiple of adjusted earnings Multiple of earnings 5.5x - 26.7x (10.5x) Residential mortgage servicing rights 2,626 Discounted cash flow Constant prepayment rate 0.0% - 40.3% (6.4%) Spread over the benchmark curve (b) 381bps - 2,202bps (755bps) Commercial mortgage servicing rights 1,085 Discounted cash flow Constant prepayment rate 4.3% - 7.4% (4.4%) Discount rate 9.6% - 11.5% (11.2%) Financial derivatives - Swaps related to (143) Discounted cash flow Estimated conversion factor of Visa Class B shares into Class A shares 1.54 weighted-average Estimated annual growth rate of Visa Class A share price 16.0% Estimated litigation resolution date Q1 2026 Insignificant Level 3 assets, net of 45 Total Level 3 assets, net of liabilities (e) $ 7,094 (Continued from previous page) December 31, 2023 Level 3 Instruments Only Fair Value Valuation Techniques Unobservable Inputs Range (Weighted-Average) (a) Commercial mortgage loans held for sale $ 11 Discounted cash flow Spread over the benchmark curve (b) 575bps - 3,610bps (1,647bps) Residential mortgage-backed 696 Priced by a third-party vendor using a discounted cash flow pricing model Constant prepayment rate 1.0% - 27.9% (3.7%) Constant default rate 0.0% - 12.0% (2.7%) Loss severity 10.0% - 69.0% (41.2%) Spread over the benchmark curve (b) 285bps weighted-average Asset-backed securities 102 Priced by a third-party vendor using a discounted cash flow pricing model Constant prepayment rate 1.0% - 28.0% (5.1%) Constant default rate 0.0% - 4.3% (1.7%) Loss severity 20.0% - 100.0% (49.5%) Spread over the benchmark curve (b) 248bps weighted-average Loans - Residential real estate - Uninsured 546 Consensus pricing (c) Cumulative default rate 3.6% - 100.0% (59.1%) Loss severity 0.0% - 100.0% (5.4%) Discount rate 5.5% - 7.5% (5.8%) Loans - Residential real estate 75 Discounted cash flow Loss severity 6.0% weighted-average Discount rate 7.8% weighted-average Loans - Home equity - First-lien 18 Consensus pricing (c) Cumulative default rate 3.6% - 100.0% (60.9%) Loss severity 0.0% - 100.0% (14.4%) Discount rate 5.5% - 7.5% (6.2%) Loans - Home equity - Second-lien 87 Consensus pricing (c) Credit and liquidity discount 0.3% - 100.0% (43.8%) Equity investments 1,952 Multiple of adjusted earnings Multiple of earnings 4.5x - 26.7x (10.1x) Residential mortgage servicing rights 2,654 Discounted cash flow Constant prepayment rate 0.0% - 33.6%

Financial Derivatives

Financial Derivatives	12 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Derivatives	F INANCIAL D ERIVATIVES We use a variety of financial derivatives to both mitigate exposure to market (primarily interest rate) and credit risks inherent in our business activities, as well as to facilitate customer risk management activities. We manage these risks as part of our overall asset and liability management process and through our credit policies and procedures. Derivatives represent contracts between parties that usually require little or no initial net investment and result in one party delivering cash or another type of asset to the other party based on a notional amount and an underlying as specified in the contract. Derivative transactions are often measured in terms of notional amount, but this amount is generally not exchanged and it is not recorded on the balance sheet. The notional amount is the basis to which the underlying is applied to determine required payments under the derivative contract. The underlying is a referenced interest rate, security price, credit spread or other index. Residential and commercial real estate loan commitments associated with loans to be sold also qualify as derivative instruments. Table 93: Total Gross Derivatives (a) December 31, 2024 December 31, 2023 In millions Notional /Contract Amount Asset Fair Liability Fair Notional /Contract Amount Asset Fair Liability Fair Derivatives used for hedging Interest rate contracts : Fair value hedges (d) $ 53,750 $ 32,079 Cash flow hedges (d) 50,721 $ 2 33,302 Cash flow hedges - other (e) 25,000 $ 149 168 25,000 $ 327 $ 137 Foreign exchange contracts: Net investment hedges 1,269 14 1,174 2 Total derivatives designated for hedging $ 130,740 $ 163 $ 170 $ 91,555 $ 327 $ 139 Derivatives not used for hedging Derivatives used for mortgage banking activities (f): Interest rate contracts: Swaps $ 35,941 $ 43,450 Futures (g) 9,962 10,370 Mortgage-backed commitments 4,815 $ 73 $ 66 3,093 $ 66 $ 67 Other 13,098 19 13 15,544 46 22 Total interest rate contracts 63,816 92 79 72,457 112 89 Derivatives used for customer-related activities: Interest rate contracts: Swaps 406,747 1,544 4,130 401,607 1,723 4,228 Futures (g) 113 73 Mortgage-backed commitments 3,275 21 7 2,592 9 25 Other 32,280 123 100 28,489 186 169 Total interest rate contracts 442,415 1,688 4,237 432,761 1,918 4,422 Commodity contracts: Swaps 6,725 313 288 6,714 577 569 Other 8,496 208 208 4,797 188 188 Total commodity contracts 15,221 521 496 11,511 765 757 Foreign exchange contracts and other 38,729 403 364 32,885 295 239 Total derivatives for customer-related activities 496,365 2,612 5,097 477,157 2,978 5,418 Derivatives used for other risk management activities: Foreign exchange contracts and other 11,031 144 149 14,882 12 253 Total derivatives not designated for hedging $ 571,212 $ 2,848 $ 5,325 $ 564,496 $ 3,102 $ 5,760 Total gross derivatives $ 701,952 $ 3,011 $ 5,495 $ 656,051 $ 3,429 $ 5,899 Less: Impact of legally enforceable master netting agreements 1,298 1,298 1,406 1,406 Less: Cash collateral received/paid 897 1,029 1,126 955 Total derivatives $ 816 $ 3,168 $ 897 $ 3,538 (a) Centrally cleared derivatives are settled in cash daily and result in no derivative asset or derivative liability being recognized on our Consolidated Balance Sheet. (b) Included in Other assets on our Consolidated Balance Sheet. (c) Included in Other liabilities on our Consolidated Balance Sheet. (d) Represents primarily swaps. (e) Represents caps and floors. (f) Includes both residential and commercial mortgage banking activities. (g) Futures contracts are settled in cash daily and result in no derivative asset or derivative liability being recognized on our Consolidated Balance Sheet . All derivatives are carried on our Consolidated Balance Sheet at fair value. Derivative balances are presented on the Consolidated Balance Sheet on a net basis taking into consideration the effects of legally enforceable master netting agreements and, when appropriate, any related cash collateral exchanged with counterparties. Further discussion regarding the offsetting rights associated with these legally enforceable master netting agreements is included in the Offsetting and Counterparty Credit Risk section of this Note 15. Any nonperformance risk, including credit risk, is included in the determination of the estimated net fair value of the derivatives. Further discussion on how derivatives are accounted for is included in Note 1 Accounting Policies. Derivatives Designated As Hedging Instruments Certain derivatives used to manage interest rate and foreign exchange risk as part of our asset and liability risk management activities are designated as accounting hedges. Derivatives hedging the risks associated with changes in the fair value of assets or liabilities are considered fair value hedges, derivatives hedging the variability of expected future cash flows are considered cash flow hedges and derivatives hedging a net investment in a foreign subsidiary are considered net investment hedges. Designating derivatives as accounting hedges allows for gains and losses on those derivatives to be recognized in the same period and in the same income statement line item as the earnings impact of the hedged items. Fair Value Hedges We enter into receive-fixed, pay-variable interest rate swaps to hedge changes in the fair value of outstanding fixed-rate debt caused by fluctuations in market interest rates. We also enter into pay-fixed, receive-variable interest rate swaps and zero-coupon swaps to hedge changes in the fair value of fixed rate and zero-coupon investment securities caused by fluctuations in market interest rates. Gains and losses on the interest rate swaps designated in these hedge relationships, along with the offsetting gains and losses on the hedged items attributable to the hedged risk, are recognized in current earnings within the same income statement line item. Cash Flow Hedges We enter into receive-fixed, pay-variable interest rate swaps and interest rate caps and floors to modify the interest rate characteristics of designated commercial loans from variable to fixed in order to reduce the impact of changes in future cash flows due to market interest rate changes. We also periodically enter into forward purchase and sale contracts to hedge the variability of the consideration that will be paid or received related to the purchase or sale of investment securities. The forecasted purchase or sale is consummated upon gross settlement of the forward contract itself. For these cash flow hedges, gains and losses on the hedging instruments are recorded in AOCI and are then reclassified into earnings in the same period the hedged cash flows affect earnings and within the same income statement line as the hedged cash flows. Further detail regarding gains (losses) related to our fair value and cash flow hedge derivatives is presented in the following table: Table 94: Gains (Losses) Recognized on Fair Value and Cash Flow Hedges in the Consolidated Income Statement (a) (b) Location and Amount of Gains (Losses) Recognized in Income Interest Income Interest Expense Noninterest Income In millions Loans Investment Securities Borrowed Funds Other Year ended December 31, 2024 Total amounts on the Consolidated Income Statement $ 19,346 $ 4,123 $ 4,484 $ 711 Gains (losses) on fair value hedges recognized on: Hedged items (c) $ (182) $ 320 Derivatives $ 183 $ (357) Amounts related to interest settlements on derivatives $ 128 $ (694) Gains (losses) on cash flow hedges (d): Amount of derivative gains (losses) reclassified from accumulated $ (1,257) $ (32) $ (28) Other amounts related to interest settlements on derivatives $ 52 Year ended December 31, 2023 Total amounts on the Consolidated Income Statement $ 18,299 $ 3,545 $ 3,783 $ 619 Gains (losses) on fair value hedges recognized on: Hedged items (c) $ 2 $ (545) Derivatives $ 2 $ 531 Amounts related to interest settlements on derivatives $ 28 $ (605) Gains (losses) on cash flow hedges (d): Amount of derivative gains (losses) reclassified from accumulated $ (1,512) $ (28) Other amounts related to interest settlements on derivatives $ 115 Year ended December 31, 2022 Total amounts on the Consolidated Income Statement $ 11,795 $ 2,726 $ 1,155 $ 952 Gains (losses) on fair value hedges recognized on: Hedged items (c) $ (136) $ 1,945 Derivatives $ 143 $ (1,976) Amounts related to interest settlements on derivatives $ (2) $ 120 Gains (losses) on cash flow hedges (d): Amount of derivative gains (losses) reclassified from accumulated $ (259) $ (1) Other amounts related to interest settlements on derivatives $ 41 (a) For all periods presented, there were no components of derivative gains or losses excluded from the assessment of hedge effectiveness for any of the fair value or cash flow hedge strategies. (b) All cash flow and fair value hedge derivatives were interest rate contracts for the periods presented. (c) Includes an insignificant amount of fair value hedge adjustments related to discontinued hedge relationships. (d) For all periods presented, there were no gains or losses from cash flow hedge derivatives reclassified to income because it became probable that the original forecasted transaction would not occur. Detail regarding the impact of fair value hedge accounting on the carrying value of the hedged items is presented in the following table: Table 95: Hedged Items - Fair Value Hedges December 31, 2024 December 31, 2023 In millions Carrying Value of the Hedged Items Cumulative Fair Value Hedge Adjustment included in the Carrying Value of Hedged Items (a) Carrying Value of the Hedged Items Cumulative Fair Value Hedge Adjustment included in the Carrying Value of Hedged Items (a) Investment securities - available-for-sale (b) $ 18,716 $ (305) $ 2,076 $ (122) Borrowed funds $ 35,139 $ (1,057) $ 30,503 $ (737) (a) Includes fair value hedge adjustments of less than $(0.1) billion related to discontinued available-for-sale securities and borrowed funds hedge relationships at both December 31, 2024 and 2023. (b) Carrying value shown represents amortized cost. Net Investment Hedges We enter into foreign currency forward contracts to hedge non-U.S. dollar net investments in foreign subsidiaries against adverse changes in foreign exchange rates. We assess whether the hedging relationship is highly effective in achieving offsetting changes in the value of the hedge and hedged item by qualitatively verifying that the critical terms of the hedge and hedged item match at the inception of the hedging relationship and on an ongoing basis. Net investment hedge derivatives are classified as foreign exchange contracts. There were no components of derivative gains or losses excluded from the assessment of the hedge effectiveness for the periods presented. Net gains (losses) on net investment hedge derivatives recognized in OCI were $24 million, $(53) million and $119 million in 2024, 2023 and 2022, respectively. Derivatives Not Designated As Hedging Instruments Residential mortgage loans that will be sold in the secondary market, and the related loan commitments, which are considered derivatives, are accounted for at fair value. Changes in the fair value of the loans and commitments due to interest rate risk are hedged with forward contracts to sell mortgage-backed securities, as well as U.S. Treasury and Eurodollar futures and options. Gains and losses on the loans and commitments held for sale and the derivatives used to economically hedge them are included in Residential and commercial mortgage noninterest income on the Consolidated Income Statement. Residential mortgage servicing rights are accounted for at fair value with changes in fair value influenced primarily by changes in interest rates. Derivatives used to hedge the fair value of residential mortgage servicing rights include interest rate futures, swaps, options and forward contracts to purchase mortgage-backed securities. Gains and losses on residential mortgage servicing rights and the related derivatives used for hedging are included in Residential and commercial mortgage noninterest income. Commercial mortgage loans held for sale and the related loan commitments, which are considered derivatives, are accounted for at fair value. Derivatives used to economically hedge these loans and commitments from changes in fair value due to interest rate risk include forward loan sale contracts and interest rate swaps. Gains and losses on the commitments, loans and derivatives are included in Residential and commercial mortgage noninterest income. Derivatives used to economically hedge the change in value of commercial mortgage servicing rights include interest rate futures, swaps and options. Gains or losses on these derivatives are included in Residential and commercial mortgage noninterest income. The residential and commercial mortgage loan commitments associated with loans to be sold which are accounted for as derivatives are valued based on the estimated fair value of the underlying loan and the probability that the loan will fund within the terms of the commitment. The fair value also takes into account the fair value of the embedded servicing right. We offer derivatives to our customers in connection with their risk management needs. These derivatives primarily consist of interest rate swaps, interest rate caps and floors, swaptions, foreign exchange contracts and commodity swaps. We primarily manage our market risk exposure from customer transactions by entering into a variety of hedging transactions with third-party dealers. Gains and losses on customer-related derivatives are included in Capital markets and advisory noninterest income. Included in the customer, mortgage banking risk management, and other risk management portfolios are written interest-rate caps and floors entered into with customers and for risk management purposes. We receive an upfront premium from the counterparty and are obligated to make payments to the counterparty if the underlying market interest rate rises above or falls below a certain level designated in the contract. Our ultimate obligation under written options is based on future market conditions. We have entered into risk participation agreements to share some of the credit exposure with other counterparties related to interest rate derivative contracts or to take on credit exposure to generate revenue. The following table presents the notional amount of risk participation agreements sold and maximum potential exposures at December 31, 2024 and 2023. Table 96: Risk Participation Agreements December 31 In billions 2024 2023 Risk participation agreements: Sold - notional amount $ 7.4 $ 8.0 Maximum potential amount of exposure (a) $ 0.1 $ 0.2 (a) Based on the fair value of the underlying swaps assuming all underlying third party customers referenced in the swap contracts defaulted. Further detail regarding the gains (losses) on derivatives not designated in hedging relationships is presented in the following table: Table 97: Gains (Losses) on Derivatives Not Designated for Hedging Year ended December 31 In millions 2024 2023 2022 Derivatives used for mortgage banking activities: Interest rate contracts (a) $ (201) $ (70) $ (671) Derivatives used for customer-related activities: Interest rate contracts (26) (15) 220 Foreign exchange contracts and other 149 220 111 Gains from customer-related activities (b) 123 205 331 Derivatives used for other risk management activities: Foreign exchange contracts and other (b) 86 (395) 255 Total gains (losses) from derivatives not designated as hedging instruments $ 8 $ (260) $ (85) (a) Included in Residential and commercial mortgage noninterest income on our Consolidated Income Statement. (b) Included in Capital markets and advisory and Other noninterest income on our Consolidated Income Statement. Offsetting and Counterparty Credit Risk We generally utilize a net presentation on the Consolidated Balance Sheet for those derivative financial instruments entered into with counterparties under legally enforceable master netting agreements. The master netting agreements reduce credit risk by permitting the closeout netting of all outstanding derivative instruments under the master netting agreement with the same counterparty upon the occurrence of an event of default. The master netting agreement also may require the exchange of cash or marketable securities to collateralize either party’s net position. Collateral is typically exchanged daily on unsettled positions based on the net fair value of the positions with the counterparty as of the preceding day. Collateral representing initial margin, which is based on potential future exposure, may also be required to be exchanged. In certain cases, minimum thresholds must be exceeded before any collateral is exchanged. Any cash collateral exchanged with counterparties under these master netting agreements is also netted, when appropriate, against the applicable derivative fair values on the Consolidated Balance Sheet. However, the fair value of any securities held or pledged is not included in the net presentation on the Consolidated Balance Sheet. In order for derivative instruments under a master netting agreement to be eligible for closeout netting under GAAP, we must conduct sufficient legal review to conclude with a well-founded basis that the offsetting rights included in the master netting agreement would be legally enforceable upon an event of default, including upon an event of bankruptcy, insolvency, or a similar proceeding of the counterparty. Enforceability is evidenced by a legal opinion that supports, with sufficient confidence, the enforceability of the master netting agreement in such circumstances. Table 98 shows the impact legally enforceable master netting agreements had on our derivative assets and derivative liabilities at December 31, 2024 and 2023. The table includes cash collateral held or pledged under legally enforceable master netting agreements. The table also includes the fair value of any securities collateral held or pledged under legally enforceable master netting agreements. Cash and securities collateral amounts are included in the table only to the extent of the related net derivative fair values. Table 98 includes OTC derivatives not settled through an exchange (“OTC derivatives”) and OTC derivatives cleared through a central clearing house (“OTC cleared derivatives”). OTC derivatives represent contracts executed bilaterally with counterparties that are not settled through an organized exchange or directly cleared through a central clearing house. The majority of OTC derivatives are governed by the ISDA documentation or other legally enforceable master netting agreements. OTC cleared derivatives represent contracts executed bilaterally with counterparties in the OTC market that are novated to a central clearing house that then becomes our counterparty. OTC cleared derivative instruments are typically settled in cash each day based on the prior day value. Table 98: Derivative Assets and Liabilities Offsetting In millions Gross Fair Value Amounts Offset on the Consolidated Balance Sheet Net Fair Value Securities Collateral Held /Pledged Under Master Netting Agreements Net Amounts Fair Value Offset Amount Cash Collateral December 31, 2024 Derivative assets Interest rate contracts: Over-the-counter cleared $ 35 $ 35 $ 35 Over-the-counter 1,894 $ 843 $ 629 422 $ 38 384 Commodity contracts 521 296 85 140 5 135 Foreign exchange and other contracts 561 159 183 219 2 217 Total derivative assets $ 3,011 $ 1,298 $ 897 $ 816 (a) $ 45 $ 771 Derivative liabilities Interest rate contracts: Over-the-counter cleared $ 17 $ 17 $ 17 Over-the-counter 4,469 $ 732 $ 1,019 2,718 $ 57 2,661 Commodity contracts 496 393 2 101 101 Foreign exchange and other contracts 513 173 8 332 332 Total derivative liabilities $ 5,495 $ 1,298 $ 1,029 $ 3,168 (b) $ 57 $ 3,111 December 31, 2023 Derivative assets Interest rate contracts: Over-the-counter cleared $ 19 $ 19 $ 19 Over-the-counter 2,338 $ 976 $ 767 595 $ 61 534 Commodity contracts 765 316 283 166 5 161 Foreign exchange and other contracts 307 114 76 117 117 Total derivative assets $ 3,429 $ 1,406 $ 1,126 $ 897 (a) $ 66 $ 831 Derivative liabilities Interest rate contracts: Over-the-counter cleared $ 36 $ 36 $ 36 Over-the-counter 4,612 $ 885 $ 942 2,785 $ 58 2,727 Commodity contracts 757 332 425 425 Foreign exchange and other contracts 494 189 13 292 292 Total derivative liabilities $ 5,899 $ 1,406 $ 955 $ 3,538 (b) $ 58 $ 3,480 (a) Represents the net amount of derivative assets included in Other assets on our Consolidated Balance Sheet. (b) Represents the net amount of derivative liabilities included in Other liabilities on our Consolidated Balance Sheet. In addition to using master netting agreements and other collateral agreements to reduce credit risk associated with derivative instruments, we also seek to manage credit risk by evaluating credit ratings of counterparties and by using internal credit analysis, limits and monitoring procedures. At December 31, 2024, cash and debt securities (primarily agency mortgage-backed securities) totaling $2.4 billion were pledged to us under master netting agreements and other collateral agreements to collateralize net derivative assets due from counterparties and to meet initial margin requirements, and we pledged cash and debt securities (primarily agency mortgage-backed securities) totaling $2.3 billion under these agreements to collateralize net derivative liabilities owed to counterparties and to meet initial margin requirements. These totals may differ from the amounts presented in the preceding offsetting table because these totals may include collateral exchanged under an agreement that does not qualify as a master netting agreement or because the total amount of collateral pledged exceeds the net derivative fair values with the counterparty as of the balance sheet date due to timing or other factors, such as initial margin. To the extent not netted against the derivative fair values under a master netting agreement, the receivable for cash pledged is included in Other assets and the obligation for cash held is included in Other liabilities on our Consolidated Balance Sheet. Securities pledged to us by counterparties are not recognized on our balance sheet. Likewise, securities we have pledged to counterparties remain on our balance sheet. Credit-Risk Contingent Features Certain derivative agreements contain various credit-risk-related contingent provisions, such as those that require our debt to maintain a specified credit rating from one or more of the major credit rating agencies. If our debt ratings were to fall below such specified ratings, the counterparties to the derivative instruments could request immediate payment or demand immediate and ongoing full collateralization on derivative instruments in net liability positions. The following table presents the aggregate fair value of derivative instruments with credit-risk-related contingent features, the associated collateral posted in the normal course of business and the maximum amount of collateral we would be required to post if the credit-risk-related contingent features underlying these agreements had been triggered on December 31, 2024 and 2023. Table 99: Credit-Risk Contingent Features December 31 In billions 2024 2023 Net derivative liabilities with credit-risk contingent features $ 3.9 $ 4.2 Collateral posted 1.1 1.0 Maximum additional amount of collateral exposure $ 2.8 $ 3.2

Employees Benefit Plans

Employees Benefit Plans	12 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
Employee Benefit Plans	E MPLOYEE B ENEFIT P LANS Pension and Postretirement Plans We have a noncontributory, qualified defined benefit pension plan covering eligible employees. Benefits are determined using a cash balance formula where earnings credits are a percentage of eligible compensation. Earnings credit percentages for those employees who were plan participants on December 31, 2009 are frozen at the level earned to that point. Earnings credits for all employees who became participants on or after January 1, 2010 are a flat 3% of eligible compensation. All participants as of December 31, 2009 earn a minimum rate on their cash balances; new participants on or after January 1, 2010 earn interest credits on their cash balances based on 30-year Treasury securities. New participants on or after January 1, 2010 are not subject to the minimum rate. The plan provides for a minimum annual earnings credit amount of $2,000, subject to eligibility criteria. Pension contributions to the plan are typically based on an actuarially determined amount necessary to fund total benefits payable to plan participants. Assets of the qualified pension plan are held in a separate Trust. We also maintain nonqualified supplemental retirement plans for certain employees and provide certain health care and life insurance benefits for qualifying retired employees (postretirement benefits) through various plans. PNC reserves the right to terminate or make changes to these plans at any time. The nonqualified pension plan is unfunded. Contributions from PNC, and participant contributions in the case of the postretirement benefit plans, cover all benefits paid under the nonqualified pension plan and postretirement benefit plans. The postretirement plan provides benefits to certain retirees that are at least actuarially equivalent to those provided by Medicare Part D and accordingly, we receive a federal subsidy. PNC has established a VEBA to partially fund future postretirement medical and life insurance benefit obligations. We use a measurement date of December 31 for plan assets and benefit obligations. A reconciliation of the changes in the projected benefit obligation for qualified pension, nonqualified pension and postretirement benefit plans, as well as the change in plan assets for the qualified pension and postretirement benefit plans follows: Table 100: Reconciliation of Changes in Projected Benefit Obligation and Change in Plan Assets Qualified Nonqualified Postretirement In millions 2024 2023 2024 2023 2024 2023 Accumulated benefit obligation at December 31 $ 4,496 $ 4,601 $ 205 $ 212 Projected benefit obligation at January 1 $ 4,641 $ 4,543 $ 217 $ 222 $ 261 $ 260 Service cost 128 130 3 3 3 3 Interest cost 240 249 11 11 13 14 Actuarial (gains)/losses and changes in assumptions (a) (91) 45 3 (12) 7 Participant contributions 2 2 Benefits paid (389) (326) (21) (22) (24) (25) Projected benefit obligation at December 31 $ 4,529 $ 4,641 $ 210 $ 217 $ 243 $ 261 Fair value of plan assets at January 1 $ 5,615 $ 5,400 $ 257 $ 242 Actual return on plan assets 280 541 3 16 Employer contribution $ 21 $ 22 22 22 Participant contributions 2 2 Benefits paid (389) (326) (21) (22) (24) (25) Fair value of plan assets at December 31 $ 5,506 $ 5,615 $ 260 $ 257 Funded status $ 977 $ 974 $ (210) $ (217) $ 17 $ (4) Amounts recognized on the consolidated balance sheet Noncurrent asset $ 977 $ 974 $ 46 $ 26 Current liability $ (24) $ (23) (3) (3) Noncurrent liability (186) (194) (26) (27) Net amount recognized on the consolidated balance sheet $ 977 $ 974 $ (210) $ (217) $ 17 $ (4) Amounts recognized in AOCI consist of: Prior service cost (credit) $ 7 $ 11 $ 1 $ 1 Net actuarial (gain)/loss 135 148 $ 32 $ 33 (34) (31) Amount of (gain)/loss recognized in AOCI $ 142 $ 159 $ 32 $ 33 $ (33) $ (30) (a) The actuarial (gains)/losses and changes in assumptions in 2024 and 2023 were primarily related to a change in the discount rate used to measure the projected benefit obligation. PNC Pension Plan Assets The long-term investment strategy for pension plan assets in our qualified pension plan (the Plan) is to: • Meet present and future benefit obligations to all participants and beneficiaries, • Cover reasonable expenses incurred to provide such benefits, including expenses incurred in the administration of the Trust and the Plan, • Provide sufficient liquidity to meet benefit and expense payment requirements on a timely basis, and • Provide a total return that, over the long term, maximizes the ratio of trust assets to liabilities by maximizing investment return, at an appropriate level of risk. The Plan’s named investment fiduciary has the ability to make short to intermediate term asset allocation shifts under the dynamic asset allocation strategy based on factors such as the Plan’s funded status, the named investment fiduciary’s view of return on equities relative to long term expectations, the named investment fiduciary’s view on the direction of interest rates and credit spreads, and other relevant financial or economic factors which would be expected to impact the ability of the Trust to meet its obligation to participants and beneficiaries. Accordingly, the allowable asset allocation ranges have been updated to incorporate the flexibility required by the dynamic allocation policy. The asset strategy allocations for the Plan at the end of 2024 and 2023, and the target allocation range at the end of 2024, by asset category, are as follows: Table 101: Asset Strategy Allocations Target Allocation Range Percentage of Plan Assets by Strategy at December 31 2024 2023 Asset Category Domestic equity 15 – 40% 21 % 22 % International equity 10 – 25% 17 % 19 % Private equity 0 – 15% 12 % 11 % Total equity 30 – 70% 50 % 52 % Domestic fixed income 10 – 40% 31 % 29 % High yield fixed income 0 – 25% 8 % 9 % Total fixed income 10 – 65% 39 % 38 % Real estate 0 – 10% 6 % 6 % Other 0 – 20% 5 % 4 % Total 100% 100 % 100 % The asset category represents the allocation of Plan assets in accordance with the investment objective of each of the Plan’s investment managers. Certain domestic equity investment managers utilize derivatives and fixed income securities as described in their Investment Management Agreements to achieve their investment objective under the Investment Policy Statement. Other investment managers may invest in eligible securities outside of their assigned asset category to meet their investment objectives. The actual percentage of the fair value of total Plan assets held as of December 31, 2024 for equity securities, fixed income securities, real estate and all other assets are 63%, 25%, 6% and 6%, respectively. We believe that, over the long term, asset allocation is the single greatest determinant of risk. Asset allocation will deviate from the target percentages due to market movement, cash flows, investment manager performance and implementation of shifts under the dynamic asset allocation policy. Material deviations from the asset allocation targets can alter the expected return and risk of the Trust. However, frequent rebalancing of the asset allocation targets may result in significant transaction costs, which can impair the Trust’s ability to meet its investment objective. Accordingly, the Trust portfolio is periodically rebalanced to maintain asset allocation within the target ranges described above. In addition to being diversified across asset classes, the Trust is diversified within each asset class. Secondary diversification provides a reasonable basis for the expectation that no single security or class of securities will have a disproportionate impact on the total risk and return of the Trust. Where investment strategies permit the use of derivatives and/or currency management, language is incorporated in the managers’ guidelines to define allowable and prohibited transactions and/or strategies. Derivatives are typically employed by investment managers to modify risk/return characteristics of their portfolio(s), implement asset allocation changes in a cost effective manner, or reduce transaction costs. Under the managers’ investment guidelines, derivatives may not be used solely for speculation or leverage. Derivatives are to be used only in circumstances where they offer the most efficient economic means of improving the risk/reward profile of the portfolio. Fair Value Measurements As further described in Note 14 Fair Value, GAAP establishes the framework for measuring fair value, including a hierarchy used to classify the inputs used in measuring fair value. A description of the valuation methodologies used for assets measured at fair value at both December 31, 2024 and 2023 follows: Table 102: Pension Plan Valuation Methodologies Asset Valuation Methodology Money market funds • Valued at the NAV of the shares held by the pension plan at year end. U.S. government and agency securities Corporate debt Common stock • Valued at the closing price reported on the active market on which the individual securities are traded. • If quoted market prices are not available for the specific security, then fair values are estimated by using pricing models or quoted prices of securities with similar characteristics. Such securities are generally classified within Level 2 of the valuation hierarchy but may be a Level 3 depending on the level of liquidity and activity in the market for the security. Mutual funds • Valued based on third-party pricing of the fund that is not actively traded. Other investments Derivative financial instruments Group annuity contracts Preferred stock • Derivative financial instruments - recorded at estimated fair value as determined by third-party appraisals and pricing models. • Group annuity contracts - measured at fair value by discounting the related cash flows based on current yields of similar instruments with comparable durations considering the creditworthiness of the issuer. • Preferred stock - valued at the closing price reported on an active market on which the securities are traded. Investments measured at NAV Collective trust fund investments Limited partnerships • Collective trust fund investments - valued based upon the units of such collective trust fund held by the Plan at year end multiplied by the respective unit value. The unit value of the collective trust fund is based upon significant observable inputs, although it is not based upon quoted prices in an active market. The underlying investments of the collective trust funds consist primarily of equity securities, debt obligations, short-term investments, and other marketable securities. Due to the nature of these securities, there are no unfunded commitments or redemption restrictions. • Limited partnerships - valued by investment managers based on recent financial information used to estimate fair value. The unit value of limited partnerships is based upon significant observable inputs, although it is not based upon quoted marked prices in an active market. These methods may result in fair value calculations that may not be indicative of net realizable values or future fair values. Furthermore, while the pension plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date. The following table sets forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2024 and 2023. Table 103: Pension Plan Assets - Fair Value Hierarchy December 31, 2024 December 31, 2023 In millions Level 1 Level 2 Level 3 Total Fair Value Level 1 Level 2 Level 3 Total Fair Value Interest-bearing cash $ 56 $ 56 $ 46 $ 46 Money market funds 220 220 186 186 U.S. government and agency securities 391 $ 302 693 394 $ 145 539 Corporate debt 684 $ 1 685 749 $ 2 751 Common stock 410 410 716 716 Mutual funds 147 147 160 160 Other 1 40 41 32 32 Investments measured at NAV (a) 3,254 3,185 Total $ 1,078 $ 1,173 $ 1 $ 5,506 $ 1,342 $ 1,086 $ 2 $ 5,615 (a) Certain investments that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The following table provides information regarding our estimated future cash flows related to our various plans. Table 104: Estimated Cash Flows Pension Plans Postretirement Benefits In millions Qualified Pension Nonqualified Pension Estimated 2025 employer contributions $ 24 $ 22 Estimated future benefit payments 2025 $ 335 $ 24 $ 22 2026 $ 345 $ 24 $ 22 2027 $ 347 $ 24 $ 22 2028 $ 350 $ 23 $ 21 2029 $ 347 $ 22 $ 21 2030-2034 $ 1,709 $ 89 $ 100 The qualified pension plan contributions are deposited into the Trust, and the qualified pension plan benefit payments are paid from the Trust. We do not expect to be required to make a contribution to the qualified plan for 2025 based on the funding calculations under the Pension Protection Act of 2006. For the other plans, total contributions and the benefit payments are the same and represent expected benefit amounts, which are paid from the Company’s general assets. Postretirement benefits are net of participant contributions. Estimated cash flows reflect the partial funding of future postretirement medical and life insurance obligations in the VEBA. The components of net periodic benefit cost and other amounts recognized in OCI were as follows: Table 105: Components of Net Periodic Benefit Cost (a) Qualified Pension Plan Nonqualified Pension Plan Postretirement Benefits Year ended December 31 – in millions 2024 2023 2022 2024 2023 2022 2024 2023 2022 Net periodic cost consists of: Service cost $ 128 $ 130 $ 142 $ 3 $ 3 $ 3 $ 3 $ 3 $ 4 Interest cost 240 249 156 11 11 7 13 14 9 Expected return on plan assets (358) (324) (298) (11) (10) (6) Amortization of prior service cost 4 4 3 Amortization of actuarial loss/(gain) 1 1 5 (1) Net periodic cost $ 14 $ 59 $ 3 $ 15 $ 15 $ 15 $ 4 $ 7 $ 7 Other changes in plan assets and benefit obligations recognized in OCI: Amortization of prior service (cost) $ (4) $ (4) $ (3) Current year actuarial loss/(gain) (13) (173) 508 $ 3 $ (44) $ (4) $ 1 $ (30) Amortization of actuarial gain/(loss) $ (1) (1) (5) 1 Total recognized in OCI $ (17) $ (177) $ 505 $ (1) $ 2 $ (49) $ (3) $ 1 $ (30) Total amounts recognized in net periodic cost and OCI $ (3) $ (118) $ 508 $ 14 $ 17 $ (34) $ 1 $ 8 $ (23) (a) The service cost component is included in Personnel expense on the Consolidated Income Statement. All other components are included in Other noninterest expense on the Consolidated Income Statement. The weighted-average assumptions used (as of the beginning of each year) to determine the net periodic costs shown in Table 105 were as follows: Table 106: Net Periodic Costs - Assumptions Net Periodic Cost Determination As of January 1 2024 2023 2022 Discount rate Qualified pension 5.25 % 5.55 % 2.90 % Nonqualified pension 5.10 % 5.45 % 2.65 % Postretirement benefits 5.15 % 5.50 % 2.80 % Rate of compensation increase (average) (a) 4.25 % 4.25 % 4.25 % Interest crediting rate (average) Qualified pension 4.35 % 4.65 % 3.70 % Nonqualified pension 4.45 % 4.80 % 4.00 % Postretirement benefits 4.00 % 4.30 % 1.65 % Assumed health care cost trend rate (b) Initial trend 6.00 % 6.00 % 6.00 % Ultimate trend 4.50 % 4.50 % 4.50 % Year ultimate trend reached 2030 2029 2028 Expected long-term return on plan assets (a) 6.60 % 6.20 % 4.50 % (a) Rate disclosed is for the qualified pension plan. (b) Rate is applicable only to the postretirement benefit plans. The weighted-average assumptions used (as of the end of each year) to determine year end obligations for pension and postretirement benefits were as follows: Table 107: Other Pension Assumptions Year ended December 31 2024 2023 Discount rate Qualified pension 5.75 % 5.25 % Nonqualified pension 5.50 % 5.10 % Postretirement benefits 5.60 % 5.15 % Rate of compensation increase (average) (a) 4.25 % 4.25 % Interest crediting rate (average) Qualified pension 4.70 % 4.35 % Nonqualified pension 4.75 % 4.45 % Postretirement benefits 4.50 % 4.00 % Assumed health care cost trend rate (b) Initial trend 6.50 % 6.00 % Ultimate trend 4.50 % 4.50 % Year ultimate trend reached 2033 2030 (a) Rate disclosed is for the qualified pension plan. (b) Rate is applicable only to the postretirement benefit plans. The discount rates are determined independently for each plan by comparing the expected future benefits that will be paid under each plan with yields available on high quality corporate bonds of similar duration. For this analysis, 10% of bonds with the highest yields and 40% with the lowest yields were removed from the bond universe. With all other assumptions held constant, a 0.50% decline in the discount rate would have resulted in an immaterial change in net periodic benefit cost in 2024 and to be recognized in 2025 for each of the qualified pension, nonqualified pension and postretirement benefit plans. The expected return on plan assets is a long-term assumption established by considering historical and anticipated returns of the asset classes invested in by the pension plan and the allocation strategy currently in place among those classes. For purposes of setting and reviewing this assumption, “long-term” refers to the period over which the plan’s projected benefit obligations will be disbursed. We review this assumption at each measurement date and adjust it if warranted. Our selection process references certain historical data and the current environment, but primarily utilizes qualitative judgment regarding future return expectations. We also examine the assumption used by other companies with similar pension investment strategies. Taking into account all of these factors, the expected long-term return on plan assets for determining net periodic pension cost for 2024 was 6.60%. We are decreasing our expected long-term return on assets to 6.10% for determining pension cost for 2025. This decision was made after considering the views of both internal and external capital market advisors, particularly with regard to the effects of the recent economic environment on long-term prospective equity and fixed income returns. Defined Contribution Plans The ISP is a qualified defined contribution plan that covers all of our eligible employees. Newly-hired full time employees and part-time employees who are eligible to participate in the ISP are automatically enrolled in the ISP with a deferral rate equal to 4% of eligible compensation in the absence of an affirmative election otherwise. Employee benefits expense related to the ISP was $182 million in 2024, $188 million in 2023 and $175 million in 2022, representing cash contributed to the ISP by PNC. The ISP is a 401(k) Plan and includes a frozen employee stock ownership feature. Employee contributions are invested in a number of investment options, including pre-mixed portfolios and individual core funds, available under the ISP at the direction of the employee.

Stock Based Compensation Plans

Stock Based Compensation Plans	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Stock Based Compensation Plans	S TOCK B ASED C OMPENSATION P LANS We have long-term incentive award plans (Incentive Plans) that provide for the granting of incentive stock options, nonqualified stock options, stock appreciation rights, performance share units, restricted share units, other share-based awards and dollar-denominated awards to executives and, other than incentive stock options, to non-employee directors. Certain Incentive Plan awards may be paid in stock, cash or a combination of stock and cash. We typically grant a substantial portion of our stock-based compensation awards during the first quarter of each year. Performance Share Unit Awards and Restricted Share Unit Awards PNC grants share unit awards that are based on performance, service and certain metrics tied to market conditions. The fair value of nonvested performance share unit awards and restricted share unit awards is initially determined based on prices not less than the market value of our common stock on the date of grant with a reduction for estimated forfeitures. Fair value of some performance awards are based on a Monte Carlo model, with subsequent remeasurement based on the achievement of one or more performance goals. Additionally, certain performance share unit awards could require subsequent adjustment due to certain discretionary risk review triggers. The weighted-average grant date fair value of performance share unit awards and restricted share unit awards granted in 2024, 2023 and 2022 was $141.75, $154.91 and $198.28 per share, respectively. The total intrinsic value of performance share unit awards and restricted share unit awards vested during 2024, 2023 and 2022 was approximately $214 million, $219 million and $322 million, respectively. We recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program. A rollforward of the nonvested performance share unit and restricted share unit awards follows: Table 108: Nonvested Performance Share Unit Awards and Restricted Share Unit Awards - Rollforward Shares in thousands Nonvested Performance Share Units Weighted-Average Grant Date Fair Value Nonvested Restricted Share Units Weighted-Average Grant Date Fair Value December 31, 2023 (a) 646 $ 165.48 3,762 $ 169.79 Granted (b) 189 $ 144.23 1,941 $ 141.50 Vested/Released (b) (199) $ 149.12 (1,228) $ 163.14 Forfeitures (119) $ 159.28 December 31, 2024 636 $ 164.29 4,356 $ 159.34 (a) Includes 170 performance share units with market conditions. (b) Includes adjustments for achieving specific performance goals for performance share unit awards granted in prior periods. In Table 108, the units and related weighted-average grant date fair value of the performance unit share awards exclude the effect of dividends on the underlying shares, as those dividends will be paid in cash if and when the underlying shares are issued to the participants.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	I NCOME T AXES The components of income tax expense are as follows: Table 109: Components of Income Tax Expense Year ended December 31 2024 2023 2022 Current Federal $ 1,098 $ 1,021 $ 782 State 221 320 227 Total current 1,319 1,341 1,009 Deferred Federal (1) (149) 307 State (29) (103) 44 Total deferred (30) (252) 351 Total $ 1,289 $ 1,089 $ 1,360 Significant components of deferred tax assets and liabilities are as follows: Table 110: Deferred Tax Assets and Liabilities December 31 – in millions 2024 2023 Deferred tax assets Net unrealized losses on securities and financial instruments $ 2,098 $ 2,417 Allowance for loan and lease losses 1,105 1,147 Lease obligations 475 508 Compensation and benefits 312 261 Allowance for unfunded lending related commitments 177 161 Accrued expenses 188 209 Other 340 384 Total gross deferred tax assets 4,695 5,087 Valuation allowance (23) (26) Total deferred tax assets 4,672 5,061 Deferred tax liabilities Leasing 919 938 Fixed assets 397 477 Right of Use Assets 412 445 Mortgage servicing rights 434 359 Goodwill and intangibles 249 252 Other 472 461 Total deferred tax liabilities 2,883 2,932 Net deferred tax asset $ 1,789 $ 2,129 A reconciliation between the statutory and effective tax rates follows: Table 111: Reconciliation of Statutory and Effective Tax Rates Year ended December 31 2024 2023 2022 Statutory tax rate 21.0 % 21.0 % 21.0 % Increases (decreases) resulting from: State taxes net of federal benefit 3.0 2.9 2.7 Tax-exempt interest (1.4) (1.7) (1.2) Life insurance (0.9) (0.9) (0.8) Tax credits (5.0) (5.2) (3.2) Other 1.1 0.1 (0.3) Effective tax rate 17.8 % 16.2 % 18.2 % The net operating loss carryforwards at December 31, 2024 and 2023 follow: Table 112: Net Operating Loss Carryforwards Dollars in millions December 31, 2024 December 31, 2023 Expiration Net Operating Loss Carryforwards (a): State $ 585 $ 624 2025-2036 (a) There were no federal net operating loss carryforwards at both December 31, 2024 and 2023. The majority of tax credit carryforwards expire in 2027-2044 and were insignificant at both December 31, 2024 and 2023. We anticipate that we will be able to fully utilize our tax credit carryforwards. Some state net operating loss carryforwards are from acquired entities and utilization is subject to various statutory limitations. Retained earnings included $0.1 billion at both December 31, 2024 and 2023 in allocations for bad debt deductions of former thrift subsidiaries for which no income tax has been provided. Under current law, if certain subsidiaries use these bad debt reserves for purposes other than to absorb bad debt losses, they will be subject to Federal income tax at the current corporate tax rate. A reconciliation of the beginning and ending balance of unrecognized tax benefits is as follows: Table 113: Change in Unrecognized Tax Benefits In millions 2024 2023 2022 Balance of gross unrecognized tax benefits at January 1 $ 368 $ 318 $ 275 Increases: Positions taken during a current period 23 20 Positions taken during a prior period 35 35 46 Decreases: Settlements with taxing authorities (1) (4) (3) Reductions resulting from lapse of statute of limitations (60) (1) Balance of gross unrecognized tax benefits at December 31 $ 365 $ 368 $ 318 Favorable impact if recognized $ 314 $ 306 $ 258 We do not expect that the balance of unrecognized tax benefits will significantly increase or decrease in the next twelve months. We are subject to U.S. federal income tax as well as income tax in most states and some foreign jurisdictions. Table 114 summarizes the status of significant IRS examinations. Table 114: IRS Tax Examination Status Year(s) Status at December 31, 2024 The PNC Financial Services Group, Inc. BBVA USA Bancshares, Inc. Federal 2020 2018 Under Exam In addition, we are under continuous examinations by various state taxing authorities. With few exceptions, we are no longer subject to state and local and foreign income tax examinations by taxing authorities for periods before 2015. For all open audits, any potential adjustments have been considered in establishing our unrecognized tax benefits as of December 31, 2024. Our policy is to classify interest and penalties associated with income taxes as income tax expense. For 2024 and 2023, the amount of gross interest and penalties was insignificant. The related amounts of accrued interest and penalties were $0.1 billion at December 31, 2024 and insignificant at December 31, 2023.

Regulatory Matters

Regulatory Matters	12 Months Ended
	Dec. 31, 2024
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Regulatory Matters	R EGULATORY M ATTERS We are subject to the regulations of certain federal, state and foreign agencies and undergo examinations by such regulatory authorities. The ability to undertake new business initiatives (including acquisitions), the access to and cost of funding for new business initiatives, the ability to pay dividends, the ability to repurchase shares or other capital instruments, the level of deposit insurance costs, and the level and nature of regulatory oversight depend, in large part, on a financial institution’s capital strength. Under the 2019 Tailoring Rules, PNC excludes specific AOCI items from CET1 capital and higher thresholds are used to calculate CET1 capital deductions. On March 27, 2020, the regulatory agencies issued an interim final rule permitting banking organizations to delay the estimated impact on regulatory capital stemming from implementing CECL. PNC elected to delay the estimated impact of CECL on CET1 capital through December 31, 2021, followed by a three-year transition period. CECL’s estimated impact on CET1 capital is defined as the change in retained earnings at adoption plus or minus 25% of the change in CECL ACL at the balance sheet date, excluding the allowance for PCD loans, compared to CECL ACL at adoption. Effective for the first quarter of 2022, PNC entered a three-year transition period, and the full impact of the CECL standard was phased-in to regulatory capital through December 31, 2024. In the first quarter of 2025, CECL will be fully reflected in regulatory capital. At December 31, 2024 and 2023, PNC and PNC Bank were both considered “well capitalized,” based on applicable U.S. regulatory capital ratio requirements. The following table sets forth the Basel III regulatory capital ratios at December 31, 2024 and 2023, for PNC and PNC Bank: Table 115: Basel Regulatory Capital (a) Amount Ratios December 31 2024 2023 2024 2023 “Well Capitalized” Requirements Risk-based capital Common equity Tier 1 PNC $ 44,467 $ 41,974 10.5 % 9.9 % N/A (b) (c) PNC Bank $ 49,306 $ 47,273 11.9 % 11.3 % 6.5 % Tier 1 PNC $ 50,216 $ 48,215 11.9 % 11.4 % 6.0 % PNC Bank $ 49,306 $ 47,273 11.9 % 11.3 % 8.0 % Total PNC $ 57,330 $ 55,932 13.6 % 13.2 % 10.0 % PNC Bank $ 55,574 $ 54,140 13.4 % 12.9 % 10.0 % Leverage PNC $ 50,216 $ 48,215 9.0 % 8.7 % N/A (b) (d) PNC Bank $ 49,306 $ 47,273 8.9 % 8.6 % 5.0 % (a) Calculated using the regulatory capital methodology applicable to us during both 2024 and 2023. (b) “Well Capitalized” is not defined at the BHC level. (c) The regulatory minimum required CET1 ratio of 4.5% plus SCB of 2.5% for PNC is 7.0%. (d) The regulatory minimum required leverage ratio for PNC is 4.0%. The principal source of parent company cash flow is the dividends or other capital distributions it receives from PNC Bank, which may be impacted by the following: • Bank-level capital needs, • Laws, regulations and the results of supervisory activities, • Corporate policies, • Contractual restrictions, and • Other factors. Also, there are statutory and regulatory limitations on the ability of national banks to pay dividends or make other capital distributions. The amount available for dividend payments to the parent company by PNC Bank without prior regulatory approval was approximately $7.4 billion at December 31, 2024. Under federal law, a bank subsidiary generally may not extend credit to, or engage in other types of covered transactions (including the purchase of assets) with, the parent company or its non-bank subsidiaries on terms and under circumstances that are not substantially the same as comparable transactions with nonaffiliates. A bank subsidiary may not extend credit to, or engage in a covered transaction with, the parent company or a non-bank subsidiary if the aggregate amount of the bank’s extensions of credit and other covered transactions with the parent company or non-bank subsidiary exceeds 10% of the capital stock and surplus of such bank subsidiary or the aggregate amount of the bank’s extensions of credit and other covered transactions with the parent company and all non-bank subsidiaries exceeds 20% of the capital stock and surplus of such bank subsidiary. Such extensions of credit, with limited exceptions, must be at least fully collateralized in accordance with specified collateralization thresholds, with the thresholds varying based on the type of assets serving as collateral. In certain circumstances, federal regulatory authorities may impose more restrictive limitations. The Federal Reserve is authorized to establish reserve requirements for certain types of deposits and other liabilities of depository institutions. Effective March 26, 2020, the reserve requirement ratios were reduced to zero. At December 31, 2024, the balance outstanding at the Federal Reserve Bank was $39.0 billion. This amount is included in Interest-earning deposits with banks on our Consolidated Balance Sheet. FDIC Special Assessment In November 2023, the FDIC finalized a rule to implement a special assessment, in connection with the systemic risk determination announced in March 2023, to recover the cost associated with protecting uninsured depositors following the closures of Silicon Valley Bank and Signature Bank. Under the rule, the FDIC will collect from PNC, along with other BHCs and insured depository institutions, special assessments at an annual rate of approximately 13.4 basis points of an institution’s uninsured deposits reported as of December 31, 2022 (adjusted to exclude the first $5 billion), over eight quarterly assessment periods, beginning after the first quarter of 2024. Because the losses to the Deposit Insurance Fund from the systemic risk determination are estimated, the FDIC will periodically adjust the estimate, which could result in extending the special assessment for additional quarters, imposing a final special assessment on a one-time basis if actual losses exceed the amounts collected, or cease collection early if the FDIC has collected enough to recover actual losses. Based on the rule, PNC incurred a pre-tax expense of $515 million during the fourth quarter of 2023. In the first quarter of 2024, PNC incurred an additional pre-tax expense of $130 million related to the increase in the FDIC’s expected losses. The fourth quarter of 2024 included an $18 million pre-tax reduction of the FDIC special assessment.

Legal Proceedings

Legal Proceedings	12 Months Ended
	Dec. 31, 2024
Legal Proceedings [Abstract]
Legal Proceedings	L EGAL P ROCEEDINGS We establish accruals for legal proceedings, including litigation and regulatory and governmental investigations and inquiries, when information related to the loss contingencies represented by those matters indicates both that a loss is probable and that the amount of loss can be reasonably estimated. Any such accruals are adjusted thereafter as appropriate to reflect changed circumstances. When we are able to do so, we also determine estimates of reasonably possible losses or ranges of reasonably possible losses, whether in excess of any related accrued liability or where there is no accrued liability, for disclosed legal proceedings (“Disclosed Matters,” which are those matters disclosed in this Note 20). For Disclosed Matters where we are able to estimate such possible losses or ranges of possible losses, as of December 31, 2024, we estimate that it is reasonably possible that we could incur losses in excess of related accrued liabilities, if any, in an aggregate amount less than $300 million. The estimates included in this amount are based on our analysis of currently available information and are subject to significant judgment and a variety of assumptions and uncertainties. As new information is obtained we may change our estimates. Due to the inherent subjectivity of the assessments and unpredictability of outcomes of legal proceedings, any amounts accrued or included in this aggregate amount may not represent the ultimate loss to us from the legal proceedings in question. Thus, our exposure and ultimate losses may be higher, and possibly significantly so, than the amounts accrued or this aggregate amount. In our experience, legal proceedings are inherently unpredictable. One or more of the following factors frequently contribute to this inherent unpredictability: the proceeding is in its early stages; the damages sought are unspecified, unsupported or uncertain; it is unclear whether a case brought as a class action will be allowed to proceed on that basis or, if permitted to proceed as a class action, how the class will be defined; the other party is seeking relief other than or in addition to compensatory damages (including, in the case of regulatory and governmental investigations and inquiries, the possibility of fines and penalties); the matter presents meaningful legal uncertainties, including novel issues of law; we have not engaged in meaningful settlement discussions; discovery has not started or is not complete; there are significant facts in dispute; the possible outcomes may not be amenable to the use of statistical or quantitative analytical tools; predicting possible outcomes depends on making assumptions about future decisions of courts or regulatory bodies or the behavior of other parties; and there are a large number of parties named as defendants (including where it is uncertain how damages or liability, if any, will be shared among multiple defendants). Generally, the less progress that has been made in the proceedings or the broader the range of potential results, the harder it is for us to estimate losses or ranges of losses that it is reasonably possible we could incur. As a result of these types of factors, we are unable, at this time, to estimate the losses that are reasonably possible to be incurred or ranges of such losses with respect to some of the Disclosed Matters, and the aggregate estimated amount provided above does not include an estimate for every Disclosed Matter. Therefore, as the estimated aggregate amount disclosed above does not include all of the Disclosed Matters, the amount disclosed above does not represent our maximum reasonably possible loss exposure for all of the Disclosed Matters. The estimated aggregate amount also does not reflect any of our exposure to matters not so disclosed, as discussed below under “ Other.” We include in some of the descriptions of individual Disclosed Matters certain quantitative information related to the plaintiff ’ s claim against us as alleged in the plaintiff ’ s pleadings or other public filings or otherwise publicly available information. While information of this type may provide insight into the potential magnitude of a matter, it does not necessarily represent our estimate of reasonably possible loss or our judgment as to any currently appropriate accrual. Some of our exposure in Disclosed Matters may be offset by applicable insurance coverage. We do not consider the possible availability of insurance coverage in determining the amounts of any accruals (although we would record the amount of related insurance recoveries that are deemed probable up to the amount of the accrual) or in determining any estimates of possible losses or ranges of possible losses. Interchange Litigation Beginning in June 2005, a series of antitrust lawsuits were filed against Visa ® , Mastercard ® , and several major financial institutions, including cases naming National City (since merged into The PNC Financial Services Group, Inc.) and its subsidiary, National City Bank of Kentucky (since merged into National City Bank, which, in turn, was merged into PNC Bank). The plaintiffs in these cases are merchants operating commercial businesses throughout the U.S., as well as trade associations. Some of these cases (including those naming National City entities) were brought as class actions on behalf of all persons or business entities that have accepted Visa or Mastercard. The cases have been consolidated for pre-trial proceedings in the U.S. District Court for the Eastern District of New York under the caption In re Payment Card Interchange Fee and Merchant-Discount Antitrust Litigation (Master File No. 1:05-md-1720- MKB-JAM). In November 2016, the district court appointed separate interim class counsel for a proposed class seeking damages and a proposed class seeking equitable (injunctive) relief. In February 2017, each of these counsel filed a proposed amended and supplemental complaint on behalf of its respective proposed class. These complaints made similar allegations, including that the defendants conspired to monopolize and to fix the prices for general purpose card network services, that the restructuring of Visa and Mastercard, each of which included an initial public offering, violated the antitrust laws, and that the defendants otherwise imposed unreasonable restraints on trade, resulting in the payment of inflated interchange fees and other fees, which also violated the antitrust laws. In their complaints, collectively the plaintiffs seek, among other things, injunctive relief, unspecified damages (trebled under the antitrust laws) and attorneys’ fees. PNC is named as a defendant in the complaint seeking damages but is not named as a defendant in the complaint that seeks equitable relief. In September 2018, the relevant parties entered an amended definitive agreement to resolve the claims of the class seeking damages. In this amended settlement agreement, the parties agreed, among other things, to the following terms: • An additional settlement payment from all defendants of $900 million, with Visa’s share of the additional settlement payment being $600 million. The additional settlement payment will be added to the approximately $5.3 billion previously paid by the defendants pursuant to the original 2012 settlement agreement. • Up to $700 million may be returned to the defendants (with up to $467 million to Visa) if more than 15% of class members (by payment volume) opt out of the class. As more than 15% of class members opted out of the class, $700 million has been returned to the defendants ($467 million to Visa). The district court granted final approval of the settlement in December 2019. Several objectors appealed the district court ’ s order granting final approval to the U.S. Court of Appeals for the Second Circuit. In March 2023, the court of appeals affirmed the district court ’ s approval in all material respects. Some merchants that opted out from this settlement (and from an earlier settlement that was rejected by the U.S. Court of Appeals for the Second Circuit) have brought lawsuits against Visa and Mastercard and one or more of the issuing banks. Resolution by Visa of claims by merchants that opted out of the settlement, including those that file lawsuits, have been or will be paid from the Visa litigation escrow account. In July 2024, the district court determined that it had completed multi-district litigation proceedings for the opt-out cases and transferred them back to the courts in which they originated. Some of those opt-out cases are before the U.S. District Court for the Southern District of New York. See Target Corporation et al., v. Visa Inc. et al. , No. 13 Civ. 3477 (AKH) (filed May 2013) and 7-Eleven, Inc. et al. , v. Visa Inc. et al. , No. 13 Civ. 4443 (AKH) (filed June 2013). These complaints make allegations similar to those made in the class action complaints described above. Plaintiffs seek, among other things, injunctive relief, unspecified damages (trebled under the antitrust laws) and attorneys’ fees. Trial has been scheduled for October 2025 for six of the named plaintiffs in those two lawsuits. The plaintiffs selected by the court for this trial are generally the largest remaining opt-out merchants. PNC is not a named defendant in the complaints. In March 2024, the parties to the class action seeking equitable relief in the proceedings in the U.S. District Court for the Eastern District of New York under the caption In re Payment Card Interchange Fee and Merchant-Discount Antitrust Litigation (Master File No. 1:05-md-1720-MKB-JAM) entered into an agreement for certain rule and rate changes to resolve the matter. On June 25, 2024, the district court denied preliminary approval of the settlement. National City and National City Bank entered into judgment and loss sharing agreements with Visa and certain other banks with respect to all of the above referenced litigation. We were not originally named as defendants in any of the Visa or Mastercard related antitrust litigation nor were we initially parties to the judgment or loss sharing agreements. However, we became responsible for National City ’ s and National City Bank ’ s position in the litigation and responsibilities under the agreements through our acquisition of National City. In addition, following Visa ’ s reorganization in 2007 in contemplation of its initial public offering, U.S. Visa members received shares of Class B Visa common stock, convertible upon resolution of specified litigation, including the remaining litigation described above, into shares of Class A Visa common stock, with the conversion rate adjusted to reflect amounts paid or escrowed to resolve the specified litigation, and also remained responsible for indemnifying Visa against the specified litigation. Our Class B Visa common stock is all subject to this conversion adjustment provision, and we are now responsible for the indemnification obligations of our predecessors as well as ourselves. In January 2024, Visa ’ s stockholders approved amendments to its Certificate of Incorporation to institute a conversion and exchange offer program that resulted in the conversion of Visa ’ s Class B common stock to Class B-1 common stock and permitted Visa to release transfer restrictions on a portion of the redenominated Class B common stock. During the second quarter of 2024, PNC participated in this exchange program, allowing PNC to convert its Visa Class B-1 common shares into approximately equal amounts of Visa Class B-2 common shares and Visa Class C common shares. PNC then sold the Visa Class C common shares and, as required, retained the Visa Class B-2 common shares. The Visa Class B-2 common shares remain subject to the same restrictions that were imposed on the Visa Class B-1 common shares. Participation in the exchange required PNC to agree to a make-whole agreement that subjects PNC to the same indemnity obligations to Visa as prior to participation in the exchange program. We have also entered into a Mastercard Settlement and Judgment Sharing Agreement with Mastercard and other financial institution defendants and an Omnibus Agreement Regarding Interchange Litigation Sharing and Settlement Sharing with Visa, Mastercard and other financial institution defendants. The Omnibus Agreement, in substance, apportions resolution of the claims in this litigation into a Visa portion and a Mastercard portion, with the Visa portion being two-thirds and the Mastercard portion being one-third. This apportionment only applies in the case of either a global settlement involving all defendants or an adverse judgment against the defendants, to the extent that damages either are related to the merchants’ inter-network conspiracy claims or are otherwise not attributed to specific Mastercard or Visa conduct or damages. The Mastercard portion (or any Mastercard-related liability not subject to the Omnibus Agreement) will then be apportioned under the Mastercard Settlement and Judgment Sharing Agreement among Mastercard and PNC and the other financial institution defendants that are parties to this agreement. The responsibility for the Visa portion (or any Visa-related liability not subject to the Omnibus Agreement) will be apportioned under the pre-existing indemnification responsibilities and judgment and loss sharing agreements. USAA Patent Infringement Litigation In September 2020, USAA filed a lawsuit ( United Services Automobile Association v. PNC Bank N.A. (Case No. 2:20-cv-319)) in the United States District Court for the Eastern District of Texas against PNC Bank for patent infringement (the “ first Texas case”). USAA amended its complaint in December 2020. As amended, the complaint alleges that PNC ’ s mobile remote deposit capture systems infringe four patents owned by USAA. USAA seeks, among other things, a judgment that PNC is infringing each of the patents, damages for willful infringement, and attorneys’ fees. PNC, in its answer, alleged that USAA infringed four of PNC ’ s patents and that PNC seeks, among other things, a judgment that USAA is infringing each of the patents, damages for willful infringement, and attorneys’ fees. In March 2022, the court severed PNC ’ s infringement allegations from the first Texas case and in June 2022 opened a new case ( United Services Automobile Association v. PNC Bank N.A. (Case No. 2:22-cv-193) (the “fourth Texas case”)). In December 2020, we filed a lawsuit ( PNC Bank, NA v. United Services Automobile Association (Case No. 2:20-cv-1886)) in the United States District Court for the Western District of Pennsylvania against USAA seeking declaratory judgment of non-infringement as to two of the patents at issue in the first Texas case and awarding PNC its fees and costs. In June 2021, the court stayed and administratively closed this case pending the court in the first Texas case ruling that the case should be transferred to the Western District of Pennsylvania. In September 2021, the court in the first Texas case denied PNC ’ s motion to transfer the case to the Western District of Pennsylvania. In March 2021, USAA filed a second lawsuit ( United Services Automobile Association v. PNC Bank N.A . (Case No. 2:21-cv-110)) in the United States District Court for the Eastern District of Texas against PNC Bank for patent infringement (the “second Texas case”). The complaint alleges that PNC’s mobile remote deposit capture systems infringe an additional two patents owned by USAA. USAA seeks, among other things, a judgment that PNC is infringing each of the patents, damages for willful infringement, and attorneys’ fees. The first Texas case and the second Texas case were consolidated (together, the “first consolidated cases”). At trial, in May 2022, only four of the original six USAA patents raised in its complaints were asserted against PNC, including U.S. Patent No. 8,977,571 (‘571). Following the jury trial in the first consolidated cases, the jury found against PNC for willful infringement of at least one of USAA’s asserted patent claims and awarded approximately $218 million. Subsequently, PNC filed post-trial motions for judgment as a matter of law and for a new trial, all of which the court denied. In April 2023, PNC noticed an appeal to the U.S. Court of Appeals for the Federal Circuit ( United Services Automobile Association v. PNC Bank N.A. (Case No. 23-1778)) regarding the final judgment entered against PNC. Briefing for Case No. 23-1778 is complete, oral argument occurred on November 6, 2024, and the appeal has been submitted for decision. As discussed below, on February 3, 2025, the U.S. Court of Appeals for the Federal Circuit affirmed the Patent Trial and Appeal Board's invalidity finding regarding the claims of the ‘571 patent. In July 2021, USAA filed a third lawsuit ( United Services Automobile Association v. PNC Bank N.A. (Case No. 2:21-cv-246)) in the United States District Court for the Eastern District of Texas against PNC Bank for patent infringement (the “third Texas case”). The complaint alleges that PNC’s mobile remote deposit capture systems, including its new versions, infringe three additional patents owned by USAA. USAA seeks, among other things, a judgment that PNC is infringing each of the patents, damages for willful infringement, and attorneys’ fees. In June 2022, the court consolidated the fourth Texas case into the third Texas case (together, “the second consolidated cases”). At trial in September 2022, only two of the original three USAA patents were asserted against PNC, including U.S. Patent No. 10,769,598 (‘598), and only two of the original four PNC patents were asserted against USAA. Following the jury trial in the second consolidated cases, the jury found against PNC for infringement of at least one of the two asserted patents and awarded $4.3 million, and determined that PNC did not willfully infringe the patents. The jury further found that USAA did not infringe any of PNC’s asserted patents. Subsequently, USAA filed a motion for a new trial on damages, and, in April 2023, the court denied USAA’s motion. In March 2023, PNC noticed an appeal to the U.S. Court of Appeals for the Federal Circuit regarding the final judgment entered against PNC and in April 2023, USAA noticed a cross-appeal to the U.S. Court of Appeals for the Federal Circuit regarding the final judgment. These appeals were consolidated as United Services Automobile Association v. PNC Bank N.A. (Case No. 23-1639). Briefing for Case No. 23-1639 is complete, oral argument occurred on November 6, 2024, and the appeal has been submitted for decision. In August 2021, USAA filed a lawsuit ( United Services Automobile Association v. BBVA USA (Case No. 2:21-cv-311)) in the United States District Court for the Eastern District of Texas against BBVA USA for patent infringement (the “BBVA USA Texas case”). The complaint alleges that BBVA USA’s mobile remote deposit capture systems infringe the same six USAA patents at issue in the first consolidated cases. USAA seeks, among other things, a judgment that BBVA USA is infringing each of the patents, damages for willful infringement, and attorneys’ fees. In October 2021, BBVA USA was merged into PNC Bank. In June 2022, the court entered a stipulation proposed by the parties, stayed all deadlines, and administratively closed the matter. In January 2022, the Patent Trial and Appeal Board granted institution of inter partes review (“IPR”) with respect to petitions filed by PNC for three of the six patents then at issue in the first consolidated cases and in the BBVA USA Texas case. Because of USAA’s case narrowing in the first consolidated cases, only one of the three patents being reviewed (U.S. Patent No. ‘571) was presented to the jury in the first consolidated cases. In January 2023, with respect to the three patents in which an IPR was instituted, the Patent Trial and Appeal Board entered its Final Written Decisions and found all of the challenged claims were unpatentable. With respect to U.S. Patent No. ‘571, in June 2023, USAA noticed an appeal to the U.S. Court of Appeals for the Federal Circuit challenging the Patent Trial and Appeal Board’s Final Written Decision, which became United Services Automobile Association v. PNC Bank N.A. (Case No. 23-2125). USAA, in May and June 2023, also appealed the Final Written Decisions invalidating the claims of the patents not presented to the jury which became United Services Automobile Association v. PNC Bank N.A. (Case No. 23-2124) and United Services Automobile Association v. PNC Bank N.A. (Case No. 23-1920). Two of these appeals (Case Nos. 23-2124 and 23-2125) were consolidated. With respect to Case No. 23-1920, on January 30, 2025, the U.S. Court of Appeals for the Federal Circuit affirmed the Patent Trial and Appeal Board’s invalidity finding. For Case Nos. 23-2124 and 23-2125, on February 3, 2025, the U.S. Court of Appeals for the Federal Circuit affirmed the Patent Trial and Appeal Board invalidity findings. In May and June 2022, the Patent Trial and Appeal Board granted institution of IPR with respect to petitions filed by PNC for two of the three patents then at issue in the third Texas case. Because of USAA’s case narrowing in the third Texas case, only one of these two patents being reviewed (U.S. Patent No. ‘598) was presented to the jury in the third Texas case. With respect to U.S. Patent No. ‘598, in May 2023, the Patent Trial and Appeal Board entered its Final Written Decision holding most of the claims of this patent unpatentable and other claims were patentable. Both parties, in July 2023, appealed the Final Written Decision, with USAA appealing first ( United Services Automobile Association v. PNC Bank N.A. (Case No. 23-2171) and PNC being the cross-appellant ( PNC Bank N.A. v. United Services Automobile Association (Case No. 23-2172)). These appeals were consolidated. With respect to the other patent (which was not presented to the jury), the Patent Trial and Appeal Board entered its Final Written Decision in June 2023 and held all of the claims unpatentable. USAA, in August 2023, appealed from this decision which became United Services Automobile Association v. PNC Bank N.A. (Case No. 23-2244). With respect to Case Nos. 23-2171 and 23-2172, on January 30, 2025, the U.S. Court of Appeals for the Federal Circuit affirmed the Patent Trial and Appeal Board’s invalidity finding and reversed its validity finding, which resulted in each of the challenged claims being invalidated. For Case No. 23-2244, the briefing is complete, oral argument occurred on January 8, 2025, and the appeal has been submitted for decision. Regulatory and Governmental Inquiries We are the subject of investigations, audits, examinations and other forms of regulatory and governmental inquiry covering a broad range of issues in our consumer, mortgage, brokerage, securities and other financial services businesses, as well as other aspects of our operations. In some cases, these inquiries are part of reviews of specified activities at multiple industry participants; in others, they are directed at PNC individually. From time to time, these inquiries have involved and may in the future involve or lead to regulatory enforcement actions and other administrative proceedings. These inquiries have also led to and may in the future lead to civil or criminal judicial proceedings. Some of these inquiries result in remedies including fines, penalties, restitution, or alterations in our business practices, and in additional expenses and collateral costs and other consequences. Such remedies and other consequences typically have not been material to us from a financial standpoint, but could be in the future. Even if not financially material, they may result in significant reputational harm or other adverse consequences. Our practice is to cooperate fully with regulatory and governmental investigations, audits and other inquiries. Other In addition to the proceedings or other matters described above, PNC and persons to whom we may have indemnification obligations, in the normal course of business, are subject to various other pending and threatened legal proceedings in which claims for monetary damages and other relief are asserted. We do not anticipate, at the present time, that the ultimate aggregate liability, if any, arising out of such other legal proceedings will have a material adverse effect on our financial position. However, we cannot now determine whether or not any claims asserted against us or others to whom we may have indemnification obligations, whether in the proceedings or other matters described above or otherwise, will have a material adverse effect on our results of operations in any future reporting period, which will depend on, among other things, the amount of the loss resulting from the claim and the amount of income otherwise reported for the reporting period.

Parent Company

Parent Company	12 Months Ended
	Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]
Parent Company	P ARENT C OMPANY Summarized financial information of the parent company is as follows: Table 116: Parent Company - Income Statement Year ended December 31 2024 2023 2022 Operating Revenue Dividends from: Bank subsidiaries and bank holding company $ 4,000 $ 2,500 $ 3,925 Non-bank subsidiaries 383 565 280 Interest income 1,129 638 104 Noninterest income (loss) 47 41 (37) Total operating revenue 5,559 3,744 4,272 Operating Expense Interest expense 1,896 1,269 326 Other expense 130 185 136 Total operating expense 2,026 1,454 462 Income before income taxes and equity in undistributed net income of subsidiaries 3,533 2,290 3,810 Equity in undistributed net income of subsidiaries: Bank subsidiaries and bank holding company 2,200 3,337 1,848 Non-bank subsidiaries 24 (161) 455 Income before taxes 5,757 5,466 6,113 Income tax expense (benefit) (132) (112) 72 Net income 5,889 5,578 6,041 Other comprehensive income, net of tax: Net pension and other postretirement benefit plan activity arising during the period 1 2 1 Other comprehensive income 1 2 1 Comprehensive income $ 5,890 $ 5,580 $ 6,042 Table 117: Parent Company - Balance Sheet December 31 – in millions 2024 2023 Assets Cash held at banking subsidiary $ 5,817 $ 6,599 Restricted deposits with banking subsidiary 175 175 Investments in: Bank subsidiaries and bank holding company 72,450 64,104 Non-bank subsidiaries 3,084 3,020 Loans with affiliates 2,322 1,687 Other assets 1,212 1,297 Total assets $ 85,060 $ 76,882 Liabilities Subordinated debt (a) $ 982 $ 1,749 Senior debt (a) 27,345 22,213 Accrued expenses and other liabilities 2,308 1,815 Total liabilities 30,635 25,777 Equity Shareholders’ equity 54,425 51,105 Total liabilities and equity $ 85,060 $ 76,882 (a) See Note 9 Borrowed Funds for additional information on contractual rates and maturity dates of senior debt and subordinated debt for Parent Company. In connection with certain affiliates’ commercial and residential mortgage servicing operations, the parent company has committed to maintain such affiliates’ net worth above minimum requirements. Table 118: Parent Company - Interest Paid and Income Tax Refunds (Payments) Year ended December 31 – in millions Interest Paid Income Tax Refunds/ (Payments) 2024 $ 1,216 $ 329 2023 $ 683 $ 1,080 2022 $ 314 $ (255) Table 119: Parent Company - Statement of Cash Flows Year ended December 31 – in millions 2024 2023 2022 Operating Activities Net income $ 5,889 $ 5,578 $ 6,041 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed net earnings of subsidiaries (2,224) (3,176) (2,303) Other 443 1,276 95 Net cash provided (used) by operating activities $ 4,108 $ 3,678 $ 3,833 Investing Activities Net change in loans and securities from affiliates $ (5,192) (9,475) $ (531) Other 1 (5) (84) Net cash provided (used) by investing activities $ (5,191) $ (9,480) $ (615) Financing Activities Net change in other borrowed funds from affiliates $ (465) $ 255 $ (1,138) Proceeds from long-term borrowings 8,220 10,463 4,335 Repayments of long-term borrowings (3,450) (1,500) Preferred stock issuances 1,484 2,225 Preferred stock redemptions (500) (1,000) (1,500) Common and treasury stock issuances 69 72 68 Acquisition of treasury stock (687) (651) (3,731) Preferred stock cash dividends paid (352) (417) (301) Common stock cash dividends paid (2,534) (2,459) (2,389) Net cash provided (used) by financing activities $ 301 $ 7,747 $ (3,931) Net Increase (Decrease) In Cash Held at Banking Subsidiary $ (782) $ 1,945 $ (713) Cash and restricted deposits held at banking subsidiary at beginning of year 6,774 4,829 5,542 Cash and restricted deposits held at banking subsidiary at end of year $ 5,992 $ 6,774 $ 4,829

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Segment Reporting	S EGMENT R EPORTING The following disclosures reflect the adoption of ASU 2023-07, see Note 1 Accounting Policies for additional information related to our adoption of this ASU. We have three reportable business segments: Retail Banking, Corporate & Institutional Banking and Asset Management Group. Our reportable business segments are defined by the nature of products and services, types of customers, methods used to distribute products or provide services and similar financial performance. Results of our reportable business segments are regularly reviewed by the CODM, our Chief Executive Officer. Specifically, the CODM utilizes quarterly financial reporting results, including net income, to assess performance and allocate resources accordingly. However, the CODM may use other metrics on an ad hoc basis as warranted. The following describes the products and services of each business segment: Retail Banking provides deposit, lending, brokerage, insurance services, investment management and cash management products and services to consumer and small business customers who are serviced through our coast-to-coast branch network, digital channels, ATMs, or through our phone-based customer contact centers. Deposit products include checking, savings and money market accounts and time deposits. Lending products include residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans and personal and small business loans and lines of credit. The residential mortgage loans are directly originated within our branch network and nationwide, and are typically underwritten to agency and/or third-party standards, and either sold, servicing retained or held on our balance sheet. Brokerage, investment management and cash management products and services include managed, education, retirement and trust accounts. Corporate & Institutional Banking provides lending, treasury management, capital markets and advisory products and services to mid-sized and large corporations and government and not-for-profit entities. Lending products include secured and unsecured loans, letters of credit and equipment leases. The Treasury Management business provides corporations with cash and investment management services, receivables and disbursement management services, funds transfer services and access to online/mobile information management and reporting services. Capital markets and advisory includes services and activities primarily related to merger and acquisitions advisory, equity capital markets advisory, asset-backed financing, loan syndication, securities underwriting and customer-related trading. We also provide commercial loan servicing and technology solutions for the commercial real estate finance industry. Products and services are provided nationally. Asset Management Group provides private banking for high net worth and ultra high net worth clients and institutional asset management. The Asset Management group is composed of two operating units: • PNC Private Bank provides products and services to emerging affluent, high net worth and ultra high net worth individuals and their families, including investment and retirement planning, customized investment management, credit and cash management solutions, trust management and administration. In addition, multi-generational family planning services are also provided to ultra high net worth individuals and their families, which include estate, financial, tax, fiduciary and customized performance reporting through PNC Private Bank Hawthorn. • Institutional Asset Management provides outsourced chief investment officer, custody, cash and fixed income client solutions and retirement plan fiduciary investment services to institutional clients including corporations, healthcare systems, insurance companies, unions, municipalities and non-profits. Basis of Presentation Results of individual businesses are presented based on our internal management reporting practices. There is no comprehensive, authoritative body of guidance for management accounting equivalent to GAAP; therefore, the financial results of our individual businesses are not necessarily comparable with similar information for any other company. We periodically refine our internal methodologies as management reporting practices are enhanced. To the extent significant and practicable, retrospective application of new methodologies is made to prior period reportable business segment results and disclosures to create comparability with the current period. Funds Transfer Pricing Net interest income in business segment results reflects our internal FTP methodology, which is designed to consider interest rate and liquidity risks. Under our methodology, assets receive a funding charge while liabilities and capital receive a funding credit based on market interest rates, product characteristics and other factors. Our FTP framework considers the application of funding curves and methodologies consistently across the balance sheet. A residual gain or loss from FTP operations is not allocated to our reportable business segments. This residual gain or loss is reviewed by management quarterly, in accordance with the interagency guidance of the FDIC, Federal Reserve and OCC. Segment Allocations Financial results are presented, to the extent practicable, as if each business operated on a standalone basis, and includes expense allocations for corporate overhead services used by the business segments. Certain costs are not allocated to our reportable business segments because they (i) are transitory or highly irregular in nature, (ii) exist solely to support corporate activities unrelated to business segment operations, or (iii) reflect residual costs for an exited business. We have allocated the ALLL and the allowance for unfunded lending related commitments based on the loan exposures within each business segment’s portfolio. Results of our reportable business segments for 2024, 2023 and 2022 are as follows: Table 120: Business Segment Results Retail Banking Corporate & Institutional Banking Asset Management Group Year ended December 31 2024 2023 2022 2024 2023 2022 2024 2023 2022 Net interest income $ 10,933 $ 9,974 $ 7,540 $ 6,302 $ 5,732 $ 5,179 $ 652 $ 547 $ 608 Noninterest income 3,582 2,951 2,967 3,927 3,537 3,621 949 905 936 Total revenue 14,515 12,925 10,507 10,229 9,269 8,800 1,601 1,452 1,544 Provision for (recapture of) credit losses $ 362 $ 396 $ 259 $ 453 $ 398 $ 198 $ (3) $ (3) $ 28 Noninterest expense Personnel $ 2,189 $ 2,266 $ 2,409 $ 1,508 $ 1,426 $ 1,463 $ 472 $ 494 $ 483 Segment allocations (a) 3,653 3,571 3,394 1,497 1,507 1,421 454 464 441 Depreciation and amortization 312 330 310 202 211 213 30 30 29 Other (b) 1,377 1,388 1,485 557 586 554 117 127 133 Total noninterest expense 7,531 $ 7,555 $ 7,598 $ 3,764 $ 3,730 $ 3,651 $ 1,073 $ 1,115 $ 1,086 Income before income taxes and noncontrolling interests 6,622 4,974 2,650 6,012 5,141 4,951 531 340 430 Income taxes 1,545 1,163 621 1,264 1,073 1,064 124 $ 80 $ 100 Net income 5,077 3,811 2,029 4,748 4,068 3,887 407 260 330 Less: Net income attributable to noncontrolling interests 39 43 55 19 19 17 Net income excluding noncontrolling interests $ 5,038 $ 3,768 $ 1,974 $ 4,729 $ 4,049 $ 3,870 $ 407 $ 260 $ 330 Average assets $ 114,631 $ 114,914 $ 113,829 $ 228,349 $ 233,337 $ 219,941 $ 16,872 $ 15,812 $ 14,505 (a) Represents expense allocations for corporate overhead services used by each business segment; primarily comprised of technology, human resources and occupancy-related allocations. (b) Other is primarily comprised of other direct expenses including outside services and equipment expense. The following table presents reconciliations of financial results for the three reportable business segments to our consolidated reporting. Table 121: Reconciliation of Business Segment Results to Consolidated Year ended December 31 2024 2023 2022 Revenues Total business segment revenue $ 26,345 $ 23,646 $ 20,851 Revenues from other activities (4,790) (2,156) 269 Total revenue $ 21,555 $ 21,490 $ 21,120 Noninterest Expense Total business segment noninterest expense $ 12,368 $ 12,400 $ 12,335 FDIC special assessment 112 515 Workforce reduction charges 150 PNC Foundation contribution 120 50 Noninterest expense from other activities 924 897 835 Total noninterest expense $ 13,524 $ 14,012 $ 13,170 Net Income Total business segment net income $ 10,232 $ 8,139 $ 6,246 FDIC special assessment (112) (515) Workforce reduction charges (150) PNC Foundation contribution (120) (50) Net income (loss) from other activities (4,047) (1,777) (133) Net income $ 5,953 $ 5,647 $ 6,113 Average Assets Total business segment average assets $ 359,852 $ 364,063 $ 348,275 Average assets from other activities 205,031 194,707 202,377 Total average assets $ 564,883 $ 558,770 $ 550,652 Other activities reflect the remaining corporate operations that do not meet the criteria for disclosure as a separate reportable business. These include residual activities such as asset and liability management activities, including net securities gains or losses, ACL for investment securities, certain trading activities, certain runoff consumer loan portfolios, private equity investments, intercompany eliminations, corporate overhead net of allocations, tax adjustments that are not allocated to business segments, exited businesses and the residual impact from FTP operations.

Fee-based Revenue from Contract

Fee-based Revenue from Contracts with Customers	12 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Fee-based Revenue from Contracts with Customers	F EE-BASED R EVENUE FROM C ONTRACTS WITH C USTOMERS A subset of our noninterest income relates to certain fee-based revenue within the scope of ASC Topic 606 - Revenue from Contracts with Customers (Topic 606). The objective of the standard is to clarify the principles for recognizing revenue from contracts with customers across all industries and to develop a common revenue standard under GAAP. The standard requires the application of a five-step recognition model to contracts, allocating the amount of consideration we expect to be entitled to across distinct promises in the contract, called performance obligations, and recognizing revenue when or as those services are transferred to the customer. Fee-based revenue within the scope of Topic 606 is recognized within our three reportable business segments: Retail Banking, Corporate & Institutional Banking and Asset Management Group. Interest income, income from lease contracts, fair value gains from financial instruments (including derivatives), income from mortgage servicing rights and guarantee products, letter of credit fees, non-refundable fees associated with acquiring or originating a loan and gains from the sale of financial assets are outside of the scope of Topic 606. Table 122 presents the noninterest income recognized within the scope of Topic 606 for each of our three reportable business segments’ principal products and services, along with the relationship to the noninterest income revenue streams shown on our Consolidated Income Statement. A description of the fee-based revenue and how it is recognized for each segment’s principal products and services follows this Table 122. Table 122: Noninterest Income by Business Segment and Reconciliation to Consolidated Noninterest Income Year ended December 31 Retail Banking Corporate & Asset 2024 Asset management and brokerage Asset management fees $ 933 Brokerage fees $ 551 1 Total asset management and brokerage 551 934 Card and cash management Treasury management fees 41 $ 1,481 Debit card fees 699 Net credit card fees (a) 189 Merchant services 157 74 Other 87 Total card and cash management 1,173 1,555 Lending and deposit services Deposit account fees 645 Other 74 32 Total lending and deposit services 719 32 Residential and commercial mortgage (b) 117 Capital markets and advisory 888 Other 75 Total in-scope noninterest income 2,443 2,667 934 Out-of-scope noninterest income (c) 1,139 1,260 15 Noninterest income by business segment $ 3,582 $ 3,927 $ 949 Reconciliation to consolidated noninterest income For the year ended December 31, 2024 Total in-scope business segment noninterest income $ 6,044 Out-of-scope business segment noninterest income (c) 2,414 Noninterest income from Other (d) (402) Noninterest income as shown on the Consolidated Income Statement $ 8,056 (Continued from previous page) Year ended December 31 Retail Banking Corporate & Asset 2023 Asset management and brokerage Asset management fees $ 882 Brokerage fees $ 523 7 Total asset management and brokerage 523 889 Card and cash management Treasury management fees 41 $ 1,377 Debit card fees 691 Net credit card fees (a) 228 Merchant services 168 77 Other 96 Total card and cash management 1,224 1,454 Lending and deposit services Deposit account fees 637 Other 73 34 Total lending and deposit services 710 34 Residential and commercial mortgage (b) 140 Capital markets and advisory 653 Other 68 Total in-scope noninterest income 2,457 2,349 889 Out-of-scope noninterest income (c) 494 1,188 16 Noninterest income by business segment $ 2,951 $ 3,537 $ 905 Reconciliation to consolidated noninterest income For the year ended December 31, 2023 Total in-scope business segment noninterest income $ 5,695 Out-of-scope business segment noninterest income (c) 1,698 Noninterest income from Other (d) 181 Noninterest income as shown on the Consolidated Income Statement $ 7,574 (Continued from previous page) Year ended December 31 Retail Banking Corporate & Asset 2022 Asset management and brokerage Asset management fees $ 908 Brokerage fees $ 528 8 Total asset management and brokerage 528 916 Card and cash management Treasury management fees 40 $ 1,284 Debit card fees 684 Net credit card fees (a) 237 Merchant services 186 66 Other 97 Total card and cash management 1,244 1,350 Lending and deposit services Deposit account fees 583 Other 67 33 Total lending and deposit services 650 33 Residential and commercial mortgage (b) 140 Capital markets and advisory 790 Other 59 Total in-scope noninterest income 2,422 2,372 916 Out-of-scope noninterest income (c) 545 1,249 20 Noninterest income by business segment $ 2,967 $ 3,621 $ 936 Reconciliation to consolidated noninterest income For the year ended December 31, 2022 Total in-scope business segment noninterest income $ 5,710 Out-of-scope business segment noninterest income (c) 1,814 Noninterest income from Other (d) 582 Noninterest income as shown on the Consolidated Income Statement $ 8,106 (a) Net credit card fees consist of interchange fees of $671 million, $673 million and $662 million and credit card reward costs totaled $482 million, $445 million and $425 million for the years ended December 31, 2024, 2023 and 2022, respectively. (b) Residential mortgage noninterest income falls under the scope of other accounting and disclosure requirements outside of Topic 606 and is included within the out-of-scope noninterest income line for the Retail Banking segment. (c) Out-of-scope noninterest income includes revenue streams that fall under the scope of other accounting and disclosure requirements outside of Topic 606. (d) Includes residual activities from corporate operations. For additional information, see Note 22 Segment Reporting. Retail Banking Brokerage Fees Retail Banking earns fee revenue by providing its customers a wide range of investment options through its brokerage services including mutual funds, annuities, stocks, bonds, long-term care and insurance products and managed accounts. We earn fee revenue for transaction-based brokerage services, such as the execution of market trades once the transaction has been completed as of the trade date. In other cases, such as investment management services, we earn fee revenue over the term of the customer contract. Treasury Management Fees Retail Banking earns fee revenue by providing customers with receivables and payables management services, funds transfer services, and access to online/mobile information management and reporting services. Treasury management fees are primarily recognized over time as we perform these services. Debit Card and Net Credit Card Fees As an issuing bank, Retail Banking earns interchange fee revenue from debit and credit card transactions. By offering card products, we maintain and administer card-related services, such as credit card reward programs, account data and statement information, card activation, card renewals, and card suspension and blockage. Interchange fees are earned when cardholders make purchases and are presented in Table 122 net of credit card reward costs, which are earned by customers when they make purchases. Merchant Services Retail Banking earns fee revenue for debit and credit card processing services and products. We provide these services to merchant businesses including point-of-sale payment acceptance capabilities and customized payment processing built around the merchant’s specific requirements. We earn fee revenue as the merchant’s customers make purchases. Deposit Account Fees Retail Banking provides demand deposit, money market and savings account products for consumer and small business customers. Services include online and branch banking, overdraft and wire transfer services, imaging services and cash alternative services, such as money orders and cashier’s checks. We recognize fee income at the time these services are performed for the customer. Other Other noninterest income primarily includes ATM fees earned from our customers and non-PNC customers. These fees are recognized as transactions occur. Corporate & Institutional Banking Treasury Management Fees Corporate & Institutional Banking provides corporations with cash and investment management services, receivables and disbursement management services, funds transfer services, international payment services and access to online/mobile information management and reporting services. Treasury management fees are primarily recognized over time as we perform these services. Merchant Services Corporate & Institutional Banking earns fee revenue for debit and credit card processing services and products. We provide these services to merchant businesses including point-of-sale payment acceptance capabilities and customized payment processing built around the merchant’s specific requirements. We earn fee revenue as the merchant’s customers make purchases. Commercial Mortgage Commercial mortgage banking activities include servicing responsibilities where we do not own the servicing rights. Servicing responsibilities typically consist of collecting and remitting monthly borrower principal and interest payments, maintaining escrow deposits, performing loss mitigation and foreclosure activities, and, in certain instances, funding of servicing advances. We recognize servicing fees over time as we perform these activities. Capital Markets and Advisory Capital markets and advisory fees include securities underwriting fees, merger and acquisition advisory fees and other advisory-related fees. We generally recognize these fees when the Company’s performance obligation related to the underlying transaction is met. Other Other noninterest income within Corporate & Institutional Banking is primarily comprised of fees from collateral management and asset management services. We earn these fees over time as we perform these services. Asset Management Group Asset Management Fees Asset Management Group provides both personal wealth and institutional asset management services including investment management, custody services, retirement planning, family planning, trust management and retirement plan fiduciary investment services. Asset management fees are recognized over the term of the customer contract based on the value of assets under management at a point in time. Brokerage Fees Asset Management Group provides a wide range of investment options through its brokerage services including mutual funds, annuities, stocks, bonds, insurance products and managed accounts. Brokerage fees are recognized over the term of the customer contract either based on the value of brokerage assets at a point in time or based on transactions executed on behalf of the customer.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	S UBSEQUENT E VENTS On January 29, 2025, the parent company issued $1.0 billion of senior fixed-to-floating rate notes with a maturity date of January 29, 2031 (the “2031 Senior Notes”) and $1.75 billion of senior fixed-to-floating rate notes with a maturity date of January 29, 2036 (the “2036 Senior Notes”). Interest is payable on the 2031 Senior Notes semi-annually at a fixed rate of 5.222% per annum, on January 29 and July 29 of each year, beginning on July 29, 2025. Beginning on January 29, 2030, interest is payable on the 2031 Senior Notes quarterly in arrears at a floating rate per annum equal to Compounded SOFR (determined with respect to each quarterly interest period using the SOFR Index as described in the Prospectus Supplement), plus 1.072%, on April 29, 2030, July 29, 2030, October 29, 2030 and at the maturity date. Interest is payable on the 2036 Senior Notes semi-annually in arrears at a fixed rate of 5.575% per annum, on January 29 and July 29 of each year, beginning on July 29, 2025. Beginning on January 29, 2035, interest is payable on the 2036 Senior Notes quarterly in arrears at a floating rate per annum equal to Compounded SOFR (determined with respect to each quarterly interest period using the SOFR Index as described in the Prospectus Supplement), plus 1.394%, on April 29, 2035, July 29, 2035, October 29, 2035 and at the maturity date .

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	We manage our cybersecurity risk as an integral part of our enterprise risk management programs. Accordingly, the disclosures in this Item 1C should be reviewed in conjunction with the disclosure in the Risk Management section in Item 7 of this Report. Information Security Program PNC’s approach to cyber risk management, oversight and reporting is based on a well-structured information security program. The program is responsible for protecting information assets to achieve business objectives in a secure manner and designed to keep customers’ information and their funds safe and available. Program capabilities are built against industry guidance and a security framework to identify risks to sensitive information, protect that information and maintain an appropriate response and recovery capability to help ensure resilience against information security incidents. PNC’s information security program is designed to ensure that PNC follows industry guidance and security frameworks for data protection, system development security, identity and access management, incident management, threat and vulnerability management, security operations management and third- and fourth-party security. Our program is continuously enhanced by threat intelligence, new regulations, industry guidance and disruptive new technologies. The program includes, among other things, annual security and privacy training for all PNC employees, phishing exercises, and informative articles and communications to raise employee awareness. PNC actively monitors and responds to the overall cybersecurity threat landscape via active capabilities to share information and leverage intelligence, monitoring, and response capabilities across the security industry, which include cybersecurity threats, physical threats and fraud. PNC’s intelligence and analysis capabilities collaborate to analyze events and trends for possible response. We have not experienced any material cybersecurity incidents that have impacted PNC’s business strategy, results of operations or financial condition to date. Notwithstanding our approach regarding cybersecurity, we may not be successful in preventing or mitigating the impact of a cybersecurity incident that could have a material impact on our business, results of operations or financial condition. See Item 1A Risk Factors of this Report for a discussion of cybersecurity risks. Risks from cybersecurity threats associated with its use of third-party service providers are addressed as part of the information security risk and third-party risk domains, and their management is integrated into the ERM Framework. To help control cyber risks at third parties and protect customer data and systems, PNC assesses suppliers and third parties through a third-party security program that includes periodic security assessment. The third-party security program also includes regular monitoring of certain third parties using an independent security rating service that is designed to ensure insight and alerting is available at scale. In the event of an incident at a third party, there are specific incident response processes and protocols in place that are designed to protect PNC from potential adverse impacts.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	PNC’s approach to cyber risk management, oversight and reporting is based on a well-structured information security program. The program is responsible for protecting information assets to achieve business objectives in a secure manner and designed to keep customers’ information and their funds safe and available. Program capabilities are built against industry guidance and a security framework to identify risks to sensitive information, protect that information and maintain an appropriate response and recovery capability to help ensure resilience against information security incidents.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	PNC’s Board of Directors maintains governance and oversight of the risks posed by cybersecurity threats through the Board-level Technology and Risk Committees. The Technology Committee meets no less than quarterly, and its purpose is to (i) assist the Board with the oversight of technology strategy and significant technology initiatives and programs, including those that can position the use of technology to drive strategic advantages and (ii) fulfill oversight responsibilities with respect to technology risk, information management and security risks (including cyber security, cyber fraud and physical security risks), and the adequacy of PNC’s business recovery, resiliency and contingency plans and test results. The Technology Committee is informed of cyber threats and risks through multiple mechanisms. PNC’s Chief Information Security Officer presents quarterly to the Technology Committee on such topics as threat intelligence and assessment reports, incident and event reporting from other institutions, governance and regulatory exam statuses, and the status of other key program deliverables, among other content. The Risk Committee meets no less than quarterly and provides oversight of PNC’s ERM framework. Cybersecurity risk is integrated into PNC’s overall ERM framework, and is represented as the Information Security domain, alongside seven other operational risk domains. See the Risk Management section in Item 7 of this Report for more details on our ERM framework. PNC’s inherent information security risks, the maturity and completeness of the control environment and measurements against our risk appetite are presented quarterly to the Technology Committee by the firm’s Chief Technology Risk Officer. Overall risks across the Enterprise Risk Framework are then reported quarterly to the Risk Committee by the Chief Risk Officer. Communication to the Board occurs more frequently than quarterly when dictated by incident and event management policies and procedures based on the criticality and urgency of the communication. Role of Management Management is directly involved in assessing and managing PNC’s risks from cybersecurity threats. PNC uses a three-lines-of-defense model where cybersecurity risk is managed and assessed by the first line of defense, led by the Chief Information Security Officer and the Director of Technology and Security Risk Management, and the second line of defense which is led by the Chief Technology Risk Officer, who reports to the Chief Risk Officer. The first and second lines of defense are examined internally by our third line of defense, Internal Audit. The lines of defense model is designed to ensure appropriate oversight within the management structure. See the Risk Governance and Oversight section of Risk Management for more details on each of our lines of defense. In addition to the three lines of internal defense, PNC engages external consultants to assess and inform the program, as needed. The Chief Information Security Officer’s organization includes managers who have led cybersecurity programs in other industries such as robotics and AI, consulting, telecommunications, healthcare and manufacturing, which brings together a multi-faceted approach to managing cybersecurity threats and risks. The Information Security department leadership and personnel hold degrees in Information Security, Management Information Systems, Computer Science, Engineering Management and other professional majors. They also hold multiple professional certifications inclusive of vendor-issued security credentials from CISCO, Microsoft and F5, and industry certifications including but not limited to: Certified Information Systems Security Professional issued by the International Information System Security Certification Consortium; the Cybersecurity and Infrastructure Security Agency and Certified Information Security Manager issued by the Information Systems Audit and Control Association; and the Certificate of Cloud Security Knowledge issued by the Cloud Security Association.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	PNC’s Board of Directors maintains governance and oversight of the risks posed by cybersecurity threats through the Board-level Technology and Risk Committees
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	Communication to the Board occurs more frequently than quarterly when dictated by incident and event management policies and procedures based on the criticality and urgency of the communication.
Cybersecurity Risk Role of Management [Text Block]	Management is directly involved in assessing and managing PNC’s risks from cybersecurity threats. PNC uses a three-lines-of-defense model where cybersecurity risk is managed and assessed by the first line of defense, led by the Chief Information Security Officer and the Director of Technology and Security Risk Management, and the second line of defense which is led by the Chief Technology Risk Officer, who reports to the Chief Risk Officer. The first and second lines of defense are examined internally by our third line of defense, Internal Audit. The lines of defense model is designed to ensure appropriate oversight within the management structure. See the Risk Governance and Oversight section of Risk Management for more details on each of our lines of defense. In addition to the three lines of internal defense, PNC engages external consultants to assess and inform the program, as needed. The Chief Information Security Officer’s organization includes managers who have led cybersecurity programs in other industries such as robotics and AI, consulting, telecommunications, healthcare and manufacturing, which brings together a multi-faceted approach to managing cybersecurity threats and risks. The Information Security department leadership and personnel hold degrees in Information Security, Management Information Systems, Computer Science, Engineering Management and other professional majors. They also hold multiple professional certifications inclusive of vendor-issued security credentials from CISCO, Microsoft and F5, and industry certifications including but not limited to: Certified Information Systems Security Professional issued by the International Information System Security Certification Consortium; the Cybersecurity and Infrastructure Security Agency and Certified Information Security Manager issued by the Information Systems Audit and Control Association; and the Certificate of Cloud Security Knowledge issued by the Cloud Security Association.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	The Technology Committee meets no less than quarterly, and its purpose is to (i) assist the Board with the oversight of technology strategy and significant technology initiatives and programs, including those that can position the use of technology to drive strategic advantages and (ii) fulfill oversight responsibilities with respect to technology risk, information management and security risks (including cyber security, cyber fraud and physical security risks), and the adequacy of PNC’s business recovery, resiliency and contingency plans and test results. The Technology Committee is informed of cyber threats and risks through multiple mechanisms. PNC’s Chief Information Security Officer presents quarterly to the Technology Committee on such topics as threat intelligence and assessment reports, incident and event reporting from other institutions, governance and regulatory exam statuses, and the status of other key program deliverables, among other content.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	The Chief Information Security Officer’s organization includes managers who have led cybersecurity programs in other industries such as robotics and AI, consulting, telecommunications, healthcare and manufacturing, which brings together a multi-faceted approach to managing cybersecurity threats and risks. The Information Security department leadership and personnel hold degrees in Information Security, Management Information Systems, Computer Science, Engineering Management and other professional majors. They also hold multiple professional certifications inclusive of vendor-issued security credentials from CISCO, Microsoft and F5, and industry certifications including but not limited to: Certified Information Systems Security Professional issued by the International Information System Security Certification Consortium; the Cybersecurity and Infrastructure Security Agency and Certified Information Security Manager issued by the Information Systems Audit and Control Association; and the Certificate of Cloud Security Knowledge issued by the Cloud Security Association.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	PNC’s Chief Information Security Officer presents quarterly to the Technology Committee on such topics as threat intelligence and assessment reports, incident and event reporting from other institutions, governance and regulatory exam statuses, and the status of other key program deliverables, among other content.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Accounting Policies (Policies)

Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Business and Basis of Financial Statement Presentation	B USINESS PNC is one of the largest diversified financial services companies in the U.S. and is headquartered in Pittsburgh, Pennsylvania. We have businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management, providing many of our products and services nationally. Our retail branch network is located coast-to-coast. We also have strategic international offices in four countries outside the U.S. Basis of Financial Statement Presentation Our consolidated financial statements include the accounts of the parent company and its subsidiaries, most of which are wholly-owned, certain partnership interests and VIEs. We prepared these consolidated financial statements in accordance with GAAP. We have eliminated intercompany accounts and transactions. We have also reclassified certain prior-year amounts to conform to the current period presentation, which did not have a material impact on our consolidated financial condition or results of operations. We have also considered the impact of subsequent events on these consolidated financial statements through the date of issuance of the consolidated financials.
Use of Estimates	Use of Estimates We prepared these consolidated financial statements using financial information available at the time of preparation, which requires us to make estimates and assumptions that affect the amounts reported. Our most significant estimates pertain to the ACL and our fair value measurements. Actual results may differ from the estimates and the differences may be material to the consolidated financial statements.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash Cash and due from banks are considered cash and cash equivalents for financial reporting purposes because they represent a primary source of liquidity. Certain cash balances within Cash and due from banks on our Consolidated Balance Sheet are restricted as to withdrawal or usage by legally binding contractual agreements or regulatory requirements. Effective for the second quarter of 2024, we updated our policy to classify Interest-earning deposits with banks as Cash and cash equivalents on the Consolidated Statement of Cash Flows when reconciling Cash and due from banks and restricted cash. We believe this presentation enhances the usefulness of financial reporting because management views these funds as a source of liquidity for future transactions, while enhancing comparability to align with industry practice. There is no impact to our Consolidated Income Statement (including EPS), Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, or Consolidated Statement of Changes in Equity. All periods presented herein reflect this change.
Investments	Investments We hold interests in various types of investments. The accounting for these investments is dependent on a number of factors including, but not limited to, items such as: • Ownership interest, • Our plans for the investment, and • The nature of the investment. Debt Securities Debt securities are recorded on a trade-date basis. We classify debt securities as either trading, held-to-maturity or available-for-sale. Debt securities that we purchase for certain risk management activities or customer-related trading activities are classified as trading securities and reported in the Other assets line item on our Consolidated Balance Sheet at fair value. For debt securities classified as trading, realized and unrealized gains and losses within our capital markets business are included in Capital markets and advisory noninterest income; other realized and unrealized gains and losses are included in Other noninterest income. We classify debt securities as held-to-maturity when we have the positive intent and ability to hold the securities to maturity, and carry them at amortized cost, less any allowance. Debt securities not classified as held-to-maturity or trading are classified as securities available-for-sale and are carried at fair value. Unrealized gains and losses on available-for-sale securities are included in AOCI net of income taxes. We include all interest on debt securities, including amortization of premiums and accretion of discounts on investment securities, in net interest income using the constant effective yield method generally calculated over the contractual lives of the securities. Effective yields generally reflect the effective interest rate implicit in the security at the date of acquisition. We compute gains and losses realized on the sale of available-for-sale debt securities on a specific security basis. These securities gains and losses are included in Securities gains (losses) on the Consolidated Income Statement. The CECL standard requires expected credit losses on both held-to-maturity and available-for-sale securities to be recognized through a valuation allowance, ACL, instead of as a direct write-down to the amortized cost basis of the security. An available-for-sale security is considered impaired if the fair value is less than its amortized cost basis. If any portion of the decline in fair value is related to credit, the amount of allowance is determined as the portion related to credit, limited to the difference between the amortized cost basis and the fair value of the security. If we have the intent to sell, or believe it is more likely than not we will be required to sell an impaired available-for-sale security before recovery of the amortized cost basis, the credit loss is recorded as a direct write-down of the amortized cost basis. Credit losses on investment securities are recognized through Provision for credit losses on our Consolidated Income Statement. Declines in the fair value of available-for-sale securities that are not considered credit related are recognized in AOCI on our Consolidated Balance Sheet. We consider a security to be past due in terms of payment based on its contractual terms. A security may be placed on nonaccrual, with interest no longer recognized until received, when collectability of principal or interest is doubtful. As of December 31, 2024, nonaccrual or past due held-to-maturity and available-for-sale securities were immaterial. A security may be partially or fully charged-off against the allowance if it is determined to be uncollectible, including for an available-for-sale security, if we have the intent to sell or believe it is more likely than not we will be required to sell the security before recovery of the amortized cost basis. Recoveries of previously charged-off available-for-sale securities are recognized when received, while recoveries on held-to-maturity securities are recognized when expected. See the Allowance for Credit Losses section of this Note 1 for further discussion regarding the methodologies used to determine the allowance for investment securities. See Note 2 Investment Securities for additional information about the investment securities portfolio and the related ACL. Equity Securities and Partnership Interests We account for equity securities, equity investments, private equity investments, and investments in limited partnerships, limited liability companies and other investments that are not required to be consolidated under one of the following methods: • We use the equity method for general and limited partner ownership interests and limited liability companies in which we are considered to have significant influence over the operations of the investee. Under the equity method, we record our equity ownership share of net income or loss of the investee in Noninterest income and any dividends received on equity method investments are recorded as a reduction to the investment balance. When an equity method investment experiences an other-than-temporary decline in value, we record a loss on the investment. • We measure equity securities that have a readily determinable fair value at fair value through Net income. We do not consider contractual restrictions on the sale of an equity security when measuring fair value. Both realized and unrealized gains and losses are included in Noninterest income. Dividend income on these equity securities is included in Other interest income on our Consolidated Income Statement. • We generally use the practicability exception to fair value measurement for all other investments without a readily determinable fair value. When we elect this alternative measurement method, the investment is recorded at cost and the carrying value is adjusted for impairment, if any, plus or minus changes in value resulting from observable price changes in orderly transactions for identical or similar instruments of the same issuer. Adjustments to fair value based on changes in observable price are recorded in Other noninterest income. These investments are written down to fair value if a qualitative assessment indicates impairment and the fair value is less than the carrying value. The amount of the write-down is accounted for as a loss included in Other noninterest income. Distributions received on these investments are included in Other noninterest income. Investments described above are included in Equity investments on our Consolidated Balance Sheet. Private Equity Investments We report private equity investments, which include direct investments in companies, affiliated partnership interests and indirect investments in private equity funds, at estimated fair value. These estimates are based on available information and may not necessarily represent amounts that we will ultimately realize through distribution, sale or liquidation of the investments. The valuation procedures applied to direct investments and indirect investments are detailed in Note 14 Fair Value. We include all private equity investments within Equity investments on our Consolidated Balance Sheet. Changes in fair value of private equity investments are recognized in Other noninterest income. We consolidate affiliated partnerships when we have determined that we have control of the partnership or are the primary beneficiary if the entity is a VIE. The portion we do not own is reflected in Noncontrolling interests on our Consolidated Balance Sheet.
Loans	Loans Loans are classified as held for investment when management has both the intent and ability to hold the loan for the foreseeable future, or until maturity or payoff. Management’s intent and view of the foreseeable future may change based on changes in business strategies, the economic environment, market conditions and the availability of government programs. Measurement of delinquency status is based on the contractual terms of each loan. Loans that are 30 days or more past due are considered delinquent. The CARES Act credit reporting rules, which required exceptions to this policy, expired in the third quarter of 2023. As such, delinquency status at December 31, 2023 is being reported for all loans based on the contractual terms of each loan. Prior period amounts continue to be presented in accordance with the credit reporting rules under the CARES Act, which required certain loans modified due to pandemic-related hardships to not be reported as past due based on the contractual terms of the loan, even when borrowers may not have made payments on their loans during the modification period. Loans held for investment, excluding PCD loans, are recorded at amortized cost basis unless we elect to measure these under the fair value option. Amortized cost basis represents principal amounts outstanding, net of unearned income, unamortized deferred fees and costs on originated loans, premiums or discounts on purchased loans and charge-offs. Amortized cost basis does not include accrued interest, as we include accrued interest in Other assets on our Consolidated Balance Sheet. Interest on performing loans is accrued based on the principal amount outstanding and recorded in Interest income as earned using the constant effective yield method over the contractual life. Loan origination fees, direct loan origination costs, and loan premiums and discounts are deferred and accreted or amortized into net interest income using the constant effective yield method, over the contractual life of the loan. Loans under the fair value option are reported at their fair value, with any changes to fair value reported as Noninterest income on the Consolidated Income Statement and are excluded from measurement of ALLL. In addition to originating loans, we also acquire loans through the secondary loan market, portfolio purchases or acquisitions of other financial services companies. Certain acquired loans that have experienced a more-than-insignificant deterioration of credit quality since origination ( i.e. , PCD) are recognized at an amortized cost basis equal to their purchase price plus an ALLL measured at the acquisition date. PNC considers a variety of factors in connection with the identification of more-than-insignificant deterioration in credit quality, including but not limited to nonperforming status, delinquency, risk ratings and other qualitative factors that indicate deterioration in credit quality since origination. Subsequent decreases in expected cash flows that are attributable, at least in part, to credit quality are recognized through a charge to the provision for credit losses resulting in an increase in the ALLL. Subsequent increases in expected cash flows are recognized as a provision recapture of previously recorded ALLL . We consider a loan to be collateral dependent when we determine that substantially all of the expected cash flows will be generated from the operation or sale of the collateral underlying the loan, or when the borrower is experiencing financial difficulty and we have elected to measure the loan at the estimated fair value of collateral (less costs to sell if sale or foreclosure of the property is expected). Additionally, we consider a loan to be collateral dependent when foreclosure or liquidation of the underlying collateral is probable. On January 1, 2023, we adopted ASU 2022-02 Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures (ASU 2022-02), which eliminates the accounting guidance for TDRs and replaces TDRs with loan modifications to borrowers experiencing financial difficulty, or FDMs. FDMs occur as a result of our loss mitigation activities. A variety of solutions are offered to borrowers, including loan modifications that may result in principal forgiveness, interest rate reductions, term extensions, payment delays, repayment plans or combinations thereof: • Principal forgiveness includes principal and accrued interest forgiveness. • Interest rate reductions include modifications where the interest rate is reduced and/or interest is deferred. • Term extensions extend the original contractual maturity date of the loan. • Payment delays consist of modifications where we expect to collect contractual amounts due but that result in a delay in the receipt of payments specified under the original loan terms. We generally consider payment delays to be insignificant when the delay is three months or less. • Repayment plans are offered for some of our credit card and unsecured line of credit products, which provide for a reduced payment and interest rate for a specific period of time. Additionally, modifications to borrowers experiencing financial difficulty also result from borrowers that have been discharged from personal liability through Chapter 7 bankruptcy and have not formally reaffirmed their obligations to us, and those that enter into trial modifications. FDMs exclude loans held for sale and loans accounted for under the fair value option. Our disclosed FDM population also excludes government insured or guaranteed education loans as loss mitigation activities for these loans are either required by law or they are considered separate from PNC’s loss mitigation treatments. Commercial loans with an appraised value of collateral that exceeds the loan value, loans with guarantor support, and residential mortgage government insured or guaranteed loans are included in our disclosed population of FDMs when those loan modifications are granted to a borrower experiencing financial difficulty. FDMs continue to be subject to our existing nonaccrual policies. Expected losses or recoveries on FDMs have been factored into the ALLL estimates for each loan class under the methodologies described in this Note 1. Refer to Note 3 Loans and Related Allowance for Credit Losses for more information on FDMs. Prior to the adoption of ASU 2022-02, a TDR was considered a loan whose terms had been restructured in a manner that granted a concession to a borrower experiencing financial difficulty. A concession had been granted when we did not expect to collect all amounts due, including original interest accrued at the original contract rate, as a result of the restructuring, or there was a delay in payment that was more-than-insignificant. TDRs resulted from our loss mitigation activities, and included rate reductions, principal forgiveness, postponement/reduction of scheduled amortization and extensions, which were intended to minimize economic loss and to avoid foreclosure or repossession of collateral. Additionally, TDRs also resulted from borrowers that had been discharged from personal liability through Chapter 7 bankruptcy and had not formally reaffirmed their loan obligations to us. In those situations where principal is forgiven, the amount of such principal forgiveness was immediately charged-off. Additionally, for periods prior to 2023, potential incremental losses or recoveries on TDRs had been factored into the ALLL estimates for each loan class under the methodologies described in this Note 1. Once a loan became a TDR, it would continue to be reported as a TDR until it was ultimately repaid in full, the collateral was foreclosed upon or it fully charged-off. PNC excluded loans held for sale, loans accounted for under the fair value option, and certain government insured or guaranteed loans from our TDR population. See the following for additional information related to loans, including further discussion regarding our policies, the methodologies and significant inputs used to determine the ALLL and additional details on the composition of our loan portfolio: • Nonperforming Loans and Leases section of this Note 1, • Allowance for Credit Losses section of this Note 1, and • Note 3 Loans and Related Allowance for Credit Losses in this Report. Nonperforming Loans and Leases The matrix that follows summarizes our policies for classifying certain loans as nonperforming loans and/or discontinuing the accrual of loan interest income. Commercial Loans classified as nonperforming and accounted for as nonaccrual • Loans accounted for at amortized cost where: – The loan is 90 days or more past due. – The loan is rated substandard or worse due to the determination that full collection of principal and interest is not probable as demonstrated by the following conditions: • The collection of principal or interest is 90 days or more past due, • Reasonable doubt exists as to the certainty of the borrower’s future debt service ability, according to the terms of the credit arrangement, regardless of whether 90 days have passed or not, • The borrower has filed, or will likely file for bankruptcy, and it is not probable the borrower will be able to repay contractual payments due under the loan, • The bank advances additional funds to cover principal or interest, • We are in the process of liquidating a commercial borrower, or • We are pursuing remedies under a guarantee. Loans excluded from nonperforming classification but accounted for as nonaccrual • Loans accounted for under the fair value option and full collection of principal and interest is not probable. • Loans accounted for at the lower of cost or market less costs to sell (held for sale) and full collection of principal and interest is not probable. Loans excluded from nonperforming classification and nonaccrual accounting • Loans that are well secured and in the process of collection. • Certain government insured or guaranteed loans where substantially all principal and interest is insured. • Commercial purchasing card assets that do not accrue interest. Consumer Loans classified as nonperforming and accounted for as nonaccrual • Loans accounted for at amortized cost where full collection of contractual principal and interest is not deemed probable as demonstrated in the policies below: – The loan is 90 days past due for home equity and installment loans, and 180 days past due for well- secured residential real estate loans, – The loan had been modified and classified as a TDR prior to the adoption of ASU 2022-02, – The loan has been modified due to a borrower experiencing financial difficulty and is not government insured or guaranteed, – The loan has been modified to defer prior payments in forbearance to the end of the loan term, – Notification of bankruptcy has been received, – The bank holds a subordinate lien position in the loan and the first lien mortgage loan is seriously stressed ( i.e. , 90 days or more past due), – Other loans within the same borrower relationship have been placed on nonaccrual or charge-offs have been taken on them, – The bank has ordered the repossession of non-real estate collateral securing the loan, or – The bank has charged-off the loan to the value of the collateral. Loans excluded from nonperforming classification but accounted for as nonaccrual • Loans accounted for under the fair value option and full collection of principal and interest is not probable. • Loans accounted for at the lower of cost or market less costs to sell (held for sale) and full collection of principal and interest is not probable. Loans excluded from nonperforming classification and nonaccrual accounting • Certain government insured or guaranteed loans where substantially all principal and interest is insured. • Residential real estate loans that are well secured and in the process of collection. • Consumer loans and lines of credit, not secured by residential real estate or automobiles, as permitted by regulatory guidance. Accounting for Nonperforming Assets and Leases and Other Nonaccrual Loans For nonaccrual loans, interest income accrual and deferred fee/cost recognition is discontinued. Additionally, depending on whether the accrued interest has been incorporated into the ACL estimates, as discussed in the Accrued Interest section of this Note 1, the accrued and uncollected interest is either reversed through net interest income (if a CECL reserve is not maintained for accrued interest) or charged-off against the allowance (if a CECL reserve is maintained for accrued interest), except for credit cards, where we reverse any accrued interest through net interest income at the time of a charge-off, as per industry standard practice. Nonaccrual loans that are also collateral dependent may be charged-off to reduce the basis to the fair value of collateral less costs to sell. If payment is received on a nonaccrual loan, generally the payment is first applied to the remaining principal balance. Payments are then applied to recover any charged-off amounts related to the loan. Finally, if both the principal balance and any charge-offs have been recovered, then the payment will be recorded as interest income. For certain consumer loans, the receipt of interest payments is recognized as interest income on a cash basis. Cash basis income recognition is applied if a loan’s amortized cost basis is deemed fully collectible and the loan has performed for at least six months. For TDRs prior to the adoption of ASU 2022-02, payments were applied based upon their contractual terms unless the related loan was deemed non-performing. TDRs were generally included in nonperforming and nonaccrual loans. However, after a reasonable period of time, generally six months, in which the loan performed under restructured terms and met other performance indicators, it was returned to performing/accruing status. TDRs resulting from (i) borrowers that had been discharged from personal liability through Chapter 7 bankruptcy and had not formally reaffirmed their loan obligations to us, and (ii) borrowers that were not currently obligated to make both principal and interest payments under the restructured terms were not returned to accruing status. For FDMs, payments are applied based upon their contractual terms unless the related loan is deemed nonperforming. Consumer loans modified due to a borrower experiencing financial difficulty are generally included in nonperforming and nonaccrual loans if they are not government insured or guaranteed. Commercial loans modified due to a borrower experiencing financial difficulty may be included in nonperforming and nonaccrual loans, subject to the bank’s policies for nonperforming loans and leases. FDMs may remain on accruing status if the bank expects to collect all contractual principal and interest due under the loan and the borrower remains current. Collateral coverage, guarantor and/or sponsor support and debt service coverage are factors that may be considered in the accruing status of an FDM loan. FDM loans classified as nonperforming and nonaccrual loans may return to accruing status after a reasonable period of time, generally six months, in which the loan performs under modified terms and meets other performance indicators. This return to accruing status demonstrates that the bank expects to collect all of the loan’s remaining contractual principal and interest. Loan modifications granted to borrowers experiencing financial difficulty resulting from (i) borrowers that have been discharged from personal liability through Chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to us, and (ii) borrowers that are not currently obligated to make both principal and interest payments under the modified terms are not returned to accrual status. Other nonaccrual loans are generally not returned to accruing status until the borrower has performed in accordance with the loan’s contractual terms and other performance indicators for at least six months, the period of time which was determined to demonstrate the expected collectability of the loan’s remaining contractual principal and interest. Nonaccrual loans with partially charged-off principal may return to accruing status if the loan performs after a reasonable period of time, generally six months, and the loan meets other performance indicators. When a nonperforming loan is returned to accruing status, it is then considered a performing loan. Nonaccrual loans with fully charged-off principal are prohibited from returning to accruing status. Foreclosed assets consist of any asset seized or property acquired through a foreclosure proceeding or acceptance of a deed-in-lieu of foreclosure. OREO comprises principally residential and commercial real estate properties obtained in partial or total satisfaction of loan obligations. After obtaining a foreclosure judgment, or in some jurisdictions the initiation of proceedings under a power of sale in the loan instruments, the property will be sold. When we are awarded title or completion of deed-in-lieu of foreclosure, we transfer the loan to foreclosed assets included in Other assets on our Consolidated Balance Sheet. Property obtained in satisfaction of a loan is initially recorded at estimated fair value less cost to sell. Based upon the estimated fair value less cost to sell, the amortized cost basis of the loan is adjusted and a charge-off/recovery is recognized to the ALLL. We estimate fair values primarily based on appraisals or sales agreements with third parties. Subsequently, foreclosed assets are valued at the lower of the amount recorded at the acquisition date or estimated fair value less cost to sell. Valuation adjustments on these assets and gains or losses realized from disposition of such property are reflected in Other noninterest expense. For certain mortgage loans that have a government guarantee, we establish a separate other receivable upon foreclosure. The receivable is measured based on the loan balance (inclusive of principal and interest) that is expected to be recovered from the guarantor. Charge-offs We generally charge-off commercial (commercial and industrial, commercial real estate and equipment lease financing) nonperforming loans when we determine that a specific loan, or portion thereof, is uncollectible. This determination is based on the specific facts and circumstances of the individual loans. In making this determination, we consider the viability of the business or project as a going concern, the past due status when the asset is not well secured, the expected cash flows to repay the loan, the value of the collateral less costs to sell, and the ability and willingness of any guarantors to perform. For commercial loans and leases less than a defined dollar threshold, balances are generally charged-off in full after 180 days for loans and 120 days for leases. We generally charge-off secured consumer (home equity, residential real estate and automobile) nonperforming loans to the fair value of collateral less costs to sell if the fair value is lower than the amortized cost basis of the loan outstanding and the delinquency of the loan, combined with other risk factors such as bankruptcy or lien position, indicates that the loan (or a portion thereof) is uncollectible as per our historical experience. These nonperforming loans would also be charged-off when the collateral has been repossessed. We charge-off secured consumer loans no later than 180 days past due. Most consumer loans and lines of credit, not secured by automobiles or residential real estate, are charged-off once they have reached 120-180 days past due. Depending on the class of financing receivable, we may use a combination of internal and external valuation sources in determining the value of collateral. Our use of these valuation techniques is dependent upon the collateral securing the loan, which varies by loan class, as explained below. For commercial and industrial loans, common forms of collateral include short-term assets, such as accounts receivable, inventory and securities, and long-lived assets, such as equipment, owner-occupied real estate and other business assets. Depending on the size of the loan and composition of the collateral pool, we may require an appraisal or, depending on the type of collateral, a field examination at loan origination. For loans with an identified weakness and other characteristics as demonstrated by our internal classifications and policies, the frequency of appraisal updates is specific to collateral type and size of loan. These appraisal updates aid in determining the timing and amount of a charge-off, if deemed necessary. For loans secured by machinery and equipment, an orderly liquidation value appraisal is required bi-annually while the loan continues to demonstrate weakness. In the off year, we obtain desktop appraisal values which may be informed from internal analytics. For loans secured by inventory or accounts receivable, we require an appraisal or a field examination annually while the loan continues to demonstrate weakness. Refer to the discussion that follows for appraisal requirements related to loans secured by real estate. For commercial real estate loans, collateral generally includes land and/or buildings that are used to generate income for the borrower, which we assign a value to through use of appraisals performed by qualified, independent third-party state certified real estate appraisers. New loans or loans being evaluated for extension or material modification are required to be appraised. The frequency of reappraisals outside of a credit action is based on regulatory and internal requirements. Generally, for loans with heightened risk, a cadence has been established to obtain updated appraisals at least annually to aid in determining the timing and amount of a charge-off, if deemed necessary. Loans that do not demonstrate a heightened risk are monitored through our ongoing management of the portfolio, including any need for a new appraisal. All appraisals are reviewed by independent qualified real estate valuation personnel. Depending on the specific circumstances of the property at the time of appraisal, we may use one, or a combination of as-is, as-completed, or as-stabilized appraisals. For residential real estate and certain home equity loans, where collateral typically includes the property securing the loan or line-of-credit, PNC obtains appraisals and evaluations through independent appraisal management companies at the time of loan application, in accordance with regulatory guidelines. We use internally derived property values based on vendor automated valuation models or HPI indices to monitor value trends since the time of loan origination, which we update monthly. We obtain broker price opinions when foreclosure proceedings are initiated and order independent appraisals for loans that we have foreclosed on to aid in determining the timing and amount of a charge-off. Residential real estate appraisals are subject to GSE and regulatory (e.g., Uniform Standards of Professional Appraisal Practice) appraisal standards. In addition to utilizing GSE appraisal standards, home equity loans may use third-party proprietary appraisal standards which also meet regulatory requirements, or may undergo an evaluation process as an alternative to an appraisal. Residential real estate and home equity loans generally use an as-is appraisal valuation. For secured collateral dependent loans, collateral values are updated at least annually and subsequent declines in collateral values are charged-off, resulting in incremental provision for credit loss. Subsequent increases in collateral values may be reflected as an adjustment to the ALLL to reflect the expectation of recoveries in an amount greater than previously expected, limited to amounts previously charged-off. See Note 3 Loans and Related Allowance for Credit Losses for additional information on FDMs, nonperforming assets and credit quality indicators related to our loan portfolio.
Allowance for Credit Losses	Allowance for Credit Losses Our ACL is based on historical loss experience, current borrower risk characteristics, current economic conditions, reasonable and supportable forecasts of future conditions and other relevant factors. We maintain the ACL at an appropriate level for expected losses on our existing investment securities, loans, equipment finance leases, other financial assets and unfunded lending related commitments, for the remaining estimated contractual term of the assets or exposures as of the balance sheet date. The remaining contractual term of assets in scope of CECL is estimated considering contractual maturity dates, prepayment expectations, utilization or draw expectations and any contractually embedded extension options that do not allow us to unilaterally cancel the extension options. For products without a fixed contractual maturity date ( e.g ., credit cards), we rely on historical payment behavior to determine the effective tenor of the exposure. We estimate expected losses on a pooled basis using a combination of (i) the expected losses over a reasonable and supportable forecast period, (ii) a period of reversion to long-run average expected losses, where applicable and (iii) the long-run average expected losses for the remaining estimated contractual term. For all assets and unfunded lending related commitments in the scope of CECL, the ACL also includes individually assessed reserves and qualitative reserves, as applicable. We use forward-looking information in estimating expected credit losses for our reasonable and supportable forecast period. For this purpose, we use forecasted scenarios produced by PNC’s Economics Team, which are designed to reflect potential trajectories of the business cycles and their related estimated probabilities. The forecast length that we have currently determined to be reasonable and supportable is three years. As noted in the methodology discussions that follow, forward-looking information is incorporated into the expected credit loss estimates. Such forward-looking information includes forecasted relevant macroeconomic variables, which are estimated using quantitative macroeconomic models, analysis from PNC economists and management judgment. The reversion period is used to bridge our three-year reasonable and supportable forecast period and the long-run average expected credit losses. We consider a number of factors in determining the duration of the reversion period, such as contractual maturity of the asset, observed historical patterns and the estimated credit loss rates at the end of the forecast period relative to the beginning of the long-run average period. The reversion period ranges from immediate to three years. The long-run average expected credit losses are derived from long-run historical credit loss information adjusted for the credit quality of the current portfolio and, therefore, do not consider current and forecasted economic conditions. Allowance for Investment Securities A significant portion of our investment securities are issued or guaranteed by either the U.S. government (U.S. Treasury or a government entity) or a GSE (FNMA or FHLMC). Taking into consideration historical information and current and forecasted conditions, we do not expect to incur any credit losses on these securities. Investment securities that are not issued or guaranteed by the U.S. government or a GSE consist of both securitized products, such as non-agency mortgage and asset-backed securities, as well as non-securitized products, such as corporate and municipal debt securities. A discounted cash flow approach is primarily used to determine the amount of the allowance required. The estimates of expected cash flows are determined using macroeconomic sensitive models taking into consideration the reasonable and supportable forecast period and scenarios discussed above. Additional factors unique to a specific security may also be taken into consideration when estimating expected cash flows. The cash flows expected to be collected, after considering expected prepayments, are discounted at the effective interest rate. For an available-for-sale security, the amount of the allowance is limited to the difference between the amortized cost basis of the security and its estimated fair value. See Note 2 Investment Securities for additional information about the investment securities portfolio. Allowance for Loan and Lease Losses Our pooled expected credit loss methodology is based upon the quantification of risk parameters, such as PD, LGD, EAD and the remaining estimated contractual term for a loan, loan segment or lease. We also consider the impact of prepayments and amortization on the estimated contractual term in our expected loss estimates. We use historical credit loss information, current borrower risk characteristics and forecasted economic variables for the reasonable and supportable forecast period, coupled with analytical methods, to estimate these risk parameters by loan, loan segment or lease. PD, LGD and EAD parameters are calculated for each forecasted scenario and the long-run average period, and are combined to generate expected loss estimates by scenario. Each scenario is then weighted to determine our total estimated loss. The following matrix provides key credit risk characteristics that we use to estimate these risk parameters. Loan Class Probability of Default Loss Given Default Exposure at Default Commercial Commercial and industrial / Equipment lease financing • For wholesale obligors: internal risk ratings based on borrower characteristics and industry • For retail small balance obligors: credit score, delinquency status, and product type • Collateral type, LTV, industry, size and outstanding exposure for secured loans • Capital structure, industry and size for unsecured loans • For retail small balance obligors, product type and credit scores • Outstanding balances, commitment, contractual maturities and historical prepayment experience for loans • Current utilization and historical pre-default draw experience for lines Commercial real estate (CRE) • Property performance metrics, property type, market and risk pool and internal risk ratings based on borrower characteristics • Property type, LTV, market, risk pool and costs to sell • Outstanding balances, commitment, contractual maturities and historical prepayment experience for loans Consumer Home equity / Residential real estate • Borrower credit scores, delinquency status, origination vintage, LTV and contractual maturity • Collateral characteristics, LTV and costs to sell • Outstanding balances, contractual maturities and historical prepayment experience for loans • Current utilization and historical pre-default draw experience for lines Automobile • Borrower credit scores, delinquency status, borrower income, LTV and contractual maturity • New vs. used, LTV and borrower credit scores • Outstanding balances, contractual maturities and historical prepayment experience Credit card • Borrower credit scores, delinquency status, utilization, payment behavior and months on book • Borrower credit scores and credit line amount • Paydown curves are developed using a pro-rata method and estimated using borrower behavior segments, payment ratios and borrower credit scores Education / Other consumer • Modeled using either discrete risk parameters or analytical approaches based on net charge-offs and paydown rates The following matrix describes the key economic variables that are consumed during our forecast period by loan class, as well as other assumptions that are used for our reversion and long-run average approaches. Loan Class Forecast Period - Key Economic Variables Reversion Method Long-Run Average Commercial Commercial and industrial / Equipment lease financing • GDP and Gross Domestic Investment measures, employment related variables and personal income and consumption measures • Immediate reversion • Average parameters determined based on internal and external historical data • Modeled parameters using long-run economic conditions for retail small balance obligors Commercial real estate (CRE) • CRE Price Index, unemployment rates, GDP, corporate bond yield and interest rates • Immediate reversion • Average parameters determined based on internal and external historical data Consumer Home equity / Residential real estate • Unemployment rates, HPI and interest rates • Straight-line over 3 years • Modeled parameters using long-run economic conditions Automobile • Unemployment rates, HPI, disposable personal income and Manheim used car index • Straight-line over 1 year • Average parameters determined based on internal historical data Credit card • Unemployment rates, personal consumption expenditure and HPI • Straight-line over 2 years • Modeled parameters using long-run economic conditions Education / Other consumer • Modeled using either discrete risk parameters or analytical approaches based on net charge-offs and paydown rates After the forecast period, we revert to the long-run average over the reversion period noted above, which is the period between the end of the forecast period and when losses are estimated to have completely reverted to the long-run average. Once we have developed a combined estimate of credit losses ( i.e. , for the forecast period, reversion period and long-run average) under each of the forecasted scenarios, we produce a probability-weighted credit loss estimate. In addition, we add or deduct any qualitative components and other adjustments, such as individually assessed loans, to produce the ALLL. See the Individually Assessed Component and Qualitative Component discussions that follow in this Note 1 for additional information about those adjustments. Individually Assessed Component Loans and leases that do not share similar risk characteristics with a pool of loans are individually assessed as follows: • For commercial nonperforming loans greater than or equal to a defined dollar threshold, reserves are based on an analysis of the present value of the loan’s expected future cash flows or the fair value of the collateral, if appropriate under our policy for collateral dependent loans. Nonperforming commercial loans below the defined threshold are reserved for under a pooled basis, as we believe these loans continue to share similar risk characteristics. • For consumer nonperforming loans classified as collateral dependent, charge-off and ALLL related to recovery of amounts previously charged-off are evaluated through an analysis of the fair value of the collateral less costs to sell. Qualitative Component While our reserve models and methodologies strive to reflect all relevant expected credit risk factors, the ACL also accounts for factors that may not be directly measured in the determination of individually assessed or pooled reserves. Such qualitative factors may include, but are not limited to: • Industry concentrations and conditions, • Changes in market conditions, including regulatory and legal requirements, • Changes in the nature and volume of our portfolio, • Recent credit quality trends, • Recent loss experience in particular portfolios, including specific and unique events, • Recent macroeconomic factors that may not be reflected in the forecast information, • Limitations of available input data, including historical loss information and recent data such as collateral values, • Model imprecision and limitations, • Changes in lending policies and procedures, including changes in loss recognition and mitigation policies and procedures, and • Timing of available information. See Note 3 Loans and Related Allowance for Credit Losses for additional information about our loan portfolio and the related allowance. Purchased Credit Deteriorated Loans or Securities The allowance for PCD loans or securities is determined at the time of acquisition, as the estimated expected credit loss of the outstanding balance or par value, based on the methodologies described previously for loans and securities. In accordance with CECL, the allowance recognized at acquisition is added to the acquisition date purchase price to determine the asset’s amortized cost basis. Allowance for Unfunded Lending Related Commitments We maintain the allowance for unfunded lending related commitments on off-balance sheet credit exposures that are not unconditionally cancelable ( e.g. , unfunded loan commitments, letters of credit and certain financial guarantees), at a level we believe is appropriate as of the balance sheet date to absorb expected credit losses on these exposures. Other than the estimation of the probability of funding, this reserve is estimated in a manner similar to the methodology used for determining reserves for pooled loans and leases. See the Allowance for Loan and Lease Losses section of this Note 1 for the key credit risk characteristics for unfunded lending related commitments. The allowance for unfunded lending related commitments is recorded as a liability on the Consolidated Balance Sheet. Net adjustments to this reserve are included in Provision for credit losses on the Consolidated Income Statement. See Note 3 Loans and Related Allowance for Credit Losses for additional information about this allowance. Allowance for Other Financial Assets We determine the allowance for other financial assets ( e.g. , trade receivables, servicing advances on PNC-owned loans and balances with banks) considering historical loss information and other available indicators. In certain cases where there are no historical, current or forecast indicators of an expected credit loss, we may estimate the reserve to be close to zero. As of December 31, 2024 and December 31, 2023 the allowance for other financial assets was immaterial.
Accrued Interest	Accrued Interest When accrued interest is reversed or charged-off in a timely manner, the CECL standard provides a practical expedient to exclude accrued interest from ACL measurement. We consider our nonaccrual and charge-off policies to be timely for all of our investment securities, loans and leases, with the exception of consumer credit cards, education loans and certain unsecured consumer lines of credit. We consider the length of time before nonaccrual/charge-off and the use of appropriate other triggering events for nonaccrual and charge-offs in making this determination. Pursuant to these policy elections, we calculate reserves for accrued interest on credit cards, education loans and certain unsecured consumer lines of credit, which are then included within the ALLL. See the Debt Securities and the Nonperforming Loans and Leases sections of this Note 1 for additional information on our nonaccrual and charge-off policies.
Loans Held For Sale	Loans Held for Sale We designate loans as held for sale when we have the intent and ability to sell them. At the time of designation to held for sale, any ACL is reversed, and a valuation allowance for the shortfall between the amortized cost basis and the net realizable value is recognized, excluding the amounts already charged-off. Similarly, when loans are no longer considered held for sale, the valuation allowance (net of writedowns) is reversed, and an allowance for credit losses is established, excluding the amounts already charged-off. Write-downs on loans held for sale (if required) are recorded as charge-offs through the valuation allowance. Adjustments to the valuation allowance on held for sale loans are recognized in Other noninterest income. We have elected to account for certain commercial and residential mortgage loans held for sale at fair value. The changes in the fair value of commercial and residential mortgage loans are measured and recorded within Residential and commercial mortgage noninterest income each period. See Note 14 Fair Value for additional information. Interest income with respect to loans held for sale is accrued based on the principal amount outstanding and the loan’s contractual interest rate. In certain circumstances, loans designated as held for sale may be transferred to held for investment based on a change in strategy. We transfer these loans at the lower of cost or estimated fair value; however, any loans originated or purchased for the held for sale portfolio and for which the fair value option has been elected remain at fair value for the life of the loan.
Loan Sales, Loan Securitizations And Retained Interests	Loan Sales, Loan Securitizations and Retained Interests We recognize the sale of loans or other financial assets when the transferred assets are legally isolated from our creditors and the appropriate accounting criteria are met. We have sold mortgage and other loans through securitization transactions. In a securitization, financial assets are transferred into trusts or to SPEs in transactions to effectively legally isolate the assets from us. In a securitization, the trust or SPE issues beneficial interests in the form of senior and subordinated securities backed or collateralized by the assets sold to the trust. The senior classes of the asset-backed securities typically receive investment grade credit ratings at the time of issuance. These ratings are generally achieved through the creation of lower-rated subordinated classes of asset-backed securities, as well as subordinated or residual interests. In certain cases, we may retain a portion or all of the securities issued, interest-only strips, one or more subordinated tranches, servicing rights and, in some cases, cash reserve accounts. If sale accounting is achieved, securitized loans are removed from the balance sheet and a net gain or loss is recognized in Noninterest income at the time of initial sale. Gains or losses recognized on the sale of the loans depend on the fair value of the loans sold and the retained interests at the date of sale. We generally estimate the fair value of the retained interests based on the present value of future expected cash flows using assumptions as to discount rates, interest rates, prepayment speeds, credit losses and servicing costs, if applicable. With the exception of loan sales to certain GSEs, our loan sales and securitizations are generally structured without recourse to us except for representations and warranties and with no restrictions on the retained interests. We originate, sell and service commercial mortgage loans under the FNMA DUS program. Under the provisions of the DUS program, we participate in a loss-sharing arrangement with FNMA. When we are obligated for loss-sharing or recourse, our policy is to record such liabilities initially at fair value and subsequently reserve for estimated losses in accordance with guidance contained in applicable GAAP.
Variable Interest Entities	Variable Interest Entities A VIE is a corporation, partnership, limited liability company, or any other legal structure used to conduct activities or hold assets generally that either: • Does not have equity investors with voting rights that can directly or indirectly make decisions about the entity’s most significant economic activities through those voting rights or similar rights, or • Has equity investors that do not provide sufficient equity for the entity to finance its activities without additional subordinated financial support. A VIE often holds financial assets, including loans or receivables, real estate or other property. VIEs are assessed for consolidation under ASC 810 – Consolidation when we hold a variable interest in these entities. We consolidate a VIE if we are its primary beneficiary. The primary beneficiary of a VIE is determined to be the party that meets both of the following criteria: (i) has the power to make decisions that most significantly affect the economic performance of the VIE; and (ii) has the obligation to absorb losses or the right to receive benefits that in either case could potentially be significant to the VIE. Upon consolidation of a VIE, we recognize all of the VIE’s assets, liabilities and noncontrolling interests on our Consolidated Balance Sheet. On a quarterly basis, we determine whether any changes occurred requiring a reassessment of whether we are the primary beneficiary of an entity. See Note 4 Loan Sale and Servicing Activities and Variable Interest Entities for information about VIEs that we consolidate as well as those that we do not consolidate but in which we hold a significant variable interest.
Mortgage Servicing Rights	Mortgage Servicing Rights We provide servicing under various loan servicing contracts for commercial and residential loans. These contracts are either purchased in the open market or retained as part of a loan securitization or loan sale. All acquired or originated servicing rights are initially measured at fair value. Fair value is based on the present value of the expected future net cash flows, including assumptions as to: • Deposit balances and interest rates for escrow and commercial reserve earnings, • Discount rates, • Estimated prepayment speeds, and • Estimated servicing costs. We’ve elected to subsequently measure commercial and residential MSRs at fair value. We manage the risk of changes in fair value of MSRs by hedging the fair value with derivatives and securities which are expected to offset the change in fair value of the servicing rights. Changes in the fair value of MSRs are recognized as gains/(losses). The fair value of these servicing rights is estimated by using a discounted cash flow valuation model which calculates the present value of estimated future net servicing cash flows, taking into consideration actual and expected mortgage loan prepayment rates, discount rates, servicing costs and other factors which are determined based on current market conditions.
Goodwill	Goodwill Goodwill arising from business acquisitions represents the value attributable to unidentifiable intangible elements in the business acquired. Goodwill is assigned at the reporting unit level on the acquisition date. A reporting unit is a business segment or one level below a business segment. At least annually, in the fourth quarter, management performs the goodwill impairment test at a reporting unit level. The goodwill impairment test may also be performed more frequently if events occur or circumstances have changed significantly from the annual test date, when such events or circumstances may indicate that it is more-likely-than-not that the fair value of a reporting unit is below its carrying value. Examples of events or circumstances that are considered for more frequent goodwill impairment testing include, but are not limited to, changes in macroeconomic conditions, industry and market considerations, and other relevant PNC or reporting unit specific events. When performing a goodwill impairment test, PNC may first perform a qualitative analysis to evaluate whether it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount. If, after considering all relevant events and circumstances, PNC determines it is not more-likely-than-not that the fair value of a reporting unit is less than its carrying amount, then performing a quantitative impairment test is not necessary. If PNC elects to bypass the qualitative analysis, or concludes via qualitative analysis that it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount, a quantitative goodwill impairment test is performed. Inputs are generated and used in calculating the fair value of the reporting unit, which is compared to its carrying amount. The fair value of our reporting units is determined by using discounted cash flows and/or market comparability methodologies. If the fair value is greater than the carrying amount, then the reporting unit’s goodwill is deemed not to be impaired. If the fair value is less than the carrying amount, an entity should recognize an impairment charge for the amount by which the carrying amount of goodwill exceeds the reporting unit’s fair value. The loss recognized should not exceed the total amount of goodwill allocated to that reporting unit and subsequent reversals of goodwill impairment are not permitted.
Lessor Arrangements	Lessor Arrangements
Lessee Arrangements	Lessee Arrangements We lease retail branches, datacenters, office space, land and equipment under operating and finance leases. Under ASC 842, we elected the practical expedient to account for the lease and nonlease components of real estate leases and leases of advertising assets, such as signage, as a single lease component. For other leased asset classes, lease and nonlease components of new lease agreements are accounted for separately. In addition, we elected the practical expedient to not apply the recognition requirements under the standard to short-term leases. Leases with an initial term of 12 months or less are not recorded on the balance sheet, as we recognize lease expense for these leases on a straight-line basis over the lease term. Generally, we have elected to use the Overnight Indexed Swap rate corresponding to the term of the lease at the lease measurement date as our incremental borrowing rate to measure the right-of-use-asset and lease liability.
Depreciation and Amortization	Depreciation and Amortization For financial reporting purposes, we depreciate premises and equipment, net of salvage value, principally using the straight-line method over their estimated useful lives. We use estimated useful lives for furniture and equipment ranging from one We purchase, as well as internally develop and customize, certain software to enhance or perform internal business functions. Software development costs incurred in the planning and post-development project stages are charged to Noninterest expense. Costs associated with designing software configuration and interfaces, installation, coding programs and testing systems are capitalized and amortized using the straight-line method over periods generally ranging from one We review the remaining useful lives and carrying values of premises and equipment to determine whether an event has occurred that would indicate a change in useful life is warranted or if any impairment exists.
Other Comprehensive Income	Other Comprehensive Income Other comprehensive income, on an after-tax basis, primarily consists of unrealized gains or losses on available-for-sale debt securities, unrealized gains or losses on derivatives designated as cash flow hedges, and changes in plan assets and benefit obligations of pension and other postretirement benefit plans. Details of each component are included in Note 12 Other Comprehensive Income.
Treasury Stock	Treasury Stock We record common stock purchased for treasury at cost. At the date of subsequent reissue, the treasury stock account is reduced by the cost of such stock on the first-in, first-out basis.
Earnings Per Common Share	Earnings Per Common Share Basic earnings per common share is calculated using the two-class method to determine income attributable to common shareholders. Unvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents are considered participating securities under the two-class method. Distributed dividends and dividend equivalents related to participating securities and an allocation of undistributed net income to participating securities reduce the amount of income attributable to common shareholders. In a period with a loss, no allocation will be made to the participating securities, as they do not have a contractual obligation to absorb losses. Income attributable to common shareholders is then divided by the weighted-average common shares outstanding for the period. Diluted earnings per common share is calculated under the more dilutive of either the treasury stock method or the two-class method. For the diluted calculation, we increase the weighted-average number of shares of common stock outstanding by the assumed conversion of outstanding convertible preferred stock from the beginning of the year or date of issuance, if later, and the number of shares of common stock that would be issued assuming the exercise of stock options and warrants and the issuance of incentive shares using the treasury stock method. These adjustments to the weighted-average number of shares of common stock outstanding are made only when such adjustments will dilute earnings per common share. For periods in which there is a loss from continuing operations, any potential dilutive shares will be anti-dilutive. In this scenario, no potential dilutive shares will be included in the continuing operations, discontinued operations or total earnings per common share calculations, even if overall net income is reported. See Note 13 Earnings Per Share for additional information.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The fair value of financial instruments and the methods and assumptions used in estimating fair value amounts and financial assets and liabilities for which fair value was elected are detailed in Note 14 Fair Value.
Derivatives Instruments and Hedging Activities	Derivative Instruments and Hedging Activities We use a variety of financial derivatives to both mitigate exposure to market (primarily interest rate) and credit risks inherent in our business activities, as well as to facilitate customer risk management activities. We manage these risks as part of our asset and liability management process and through credit policies and procedures. We recognize all derivative instruments at fair value as either Other assets or Other liabilities on the Consolidated Balance Sheet and the related cash flows in the Operating Activities section of the Consolidated Statement of Cash Flows. Adjustments for counterparty credit risk are included in the determination of fair value. The accounting for changes in the fair value of a derivative instrument depends on whether it has been designated and qualifies as part of a cash flow or net investment hedging relationship. For all other derivatives, changes in fair value are recognized in earnings. We utilize a net presentation for derivative instruments on the Consolidated Balance Sheet taking into consideration the effects of legally enforceable master netting agreements. Cash collateral exchanged with counterparties is also netted against the applicable derivative exposures by offsetting obligations to return, or general rights to reclaim, cash collateral against the fair values of the net derivatives being collateralized. For those derivative instruments that are designated and qualify as accounting hedges, we designate the hedging instrument, based on the exposure being hedged, as a fair value hedge, a cash flow hedge or a hedge of the net investment in a foreign operation. We formally document the relationship between the hedging instruments and hedged items, as well as the risk management objective and strategy, before undertaking an accounting hedge. To qualify for hedge accounting, the derivatives and related hedged items must be designated as a hedge at inception of the hedge relationship. In addition, a derivative must be highly effective at reducing the risk associated with the exposure being hedged. For accounting hedge relationships, we formally assess, both at the inception of the hedge and on an ongoing basis, if the derivatives are highly effective in offsetting designated changes in the fair value or cash flows of the hedged item. If it is determined that the derivative instrument is not highly effective, hedge accounting is discontinued. We assess effectiveness using statistical regression analysis. Where the critical terms of the derivative and hedged item match, effectiveness may be assessed qualitatively. For derivatives that are designated as fair value hedges ( i.e ., hedging the exposure to changes in the fair value of an asset or a liability attributable to a particular risk, such as changes in benchmark interest rates), changes in the fair value of the hedging instrument are recognized in earnings and offset by also recognizing in earnings the changes in the fair value of the hedged item attributable to the hedged risk. To the extent the change in fair value of the derivative does not offset the change in fair value of the hedged item attributable to the hedged risk, the difference is reflected in the Consolidated Income Statement in the same income statement line as the hedged item. For derivatives designated as cash flow hedges ( i.e ., hedging the exposure to variability in expected future cash flows), the gain or loss on derivatives is reported as a component of AOCI and subsequently reclassified to income in the same period or periods during which the hedged cash flows affect earnings and recorded in the same income statement line item as the hedged cash flows. For derivatives designated as a hedge of net investment in a foreign operation, the gain or loss on the derivatives is reported as a component of AOCI. We discontinue hedge accounting when it is determined that the derivative (i) no longer qualifies as an effective hedge; (ii) the derivative expires or is sold, terminated or exercised; or (iii) the derivative is de-designated as a fair value or cash flow hedge or, for a cash flow hedge, it is no longer probable that the forecasted transaction will occur by the end of the originally specified time period. We purchase or originate financial instruments that contain an embedded derivative. For financial instruments not measured at fair value with changes in fair value reported in earnings, we assess, at inception of the transaction, if the economic characteristics of the embedded derivative are clearly and closely related to the economic characteristics of the host contract, and whether a separate instrument with the same terms as the embedded derivative would be a derivative. If the embedded derivative is not clearly and closely related to the host contract and meets the definition of a derivative, the embedded derivative is recorded separately from the host contract with changes in fair value recorded in earnings, unless we elect to account for the hybrid instrument at fair value. We enter into commitments to originate residential and commercial mortgage loans for sale. We also enter into commitments to purchase or sell commercial and residential real estate loans. These commitments are accounted for as free-standing derivatives which are recorded at fair value in Other assets or Other liabilities on the Consolidated Balance Sheet. Any gain or loss from the change in fair value after the inception of the commitment is recognized in Noninterest income.
Income Taxes	Income Taxes We account for income taxes under the asset and liability method. Deferred tax assets and liabilities are determined based on differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that we expect will apply at the time when we believe the differences will reverse. Changes in tax rates and tax law are accounted for in the period of enactment. Thus, at the enactment date, deferred taxes are remeasured and the change is recognized in Income tax expense. The recognition of deferred tax assets requires an assessment to determine the realization of such assets. Realization refers to the incremental benefit achieved through the reduction in future taxes payable or refunds receivable from the deferred tax assets, assuming that the underlying deductible differences and carryforwards are the last items to enter into the determination of future taxable income. We establish a valuation allowance for tax assets when it is more likely than not that they will not be realized, based upon all available positive and negative evidence. We have elected to apply the proportional amortization method to our qualifying LIHTC and NMTC equity investments. Investment tax credits and investment impairment are recognized in tax expense for any individual LIHTC and NMTC equity investment for which we can demonstrate that the investment was made primarily for the purpose of receiving income tax credits and other income tax benefits. We use the deferral method of accounting for all investment tax credit equity investments. Under this method, the investment tax credits are recognized as a reduction to the related asset.
Revenue Recognition and Noninterest Income Presentation	Revenue Recognition We earn interest and noninterest income from various sources, including: • Lending, • Securities portfolio, • Asset management, • Loan sales, loan securitizations and servicing, • Brokerage services, • Sale of securities, • Certain private equity activities, and • Sale of interest-rate and foreign currency derivatives. In addition, we earn fees and commissions from: • Issuing loan commitments, standby letters of credit and financial guarantees, • Deposit account services, • Merchant services, • Selling various insurance products, • Providing treasury management services including money transfer services, • Providing merger and acquisition advisory and related services, • Debit and credit card transactions, and • Facilitating and participating in certain capital markets transactions. Service charges on deposit accounts are recognized when earned. Brokerage fees and gains and losses on the sale of securities and certain derivatives are recognized on a trade-date basis. We record private equity income or loss based on changes in the valuation of the underlying investments or when we dispose of our interest. We recognize gain/(loss) on changes in the fair value of certain financial instruments where we have elected the fair value option. These financial instruments include certain commercial and residential mortgage loans originated for sale, certain residential mortgage portfolio loans and resale agreements. We also recognize gain/(loss) on changes in the fair value of residential and commercial MSRs. We recognize revenue from servicing residential and commercial mortgages for others as earned based on the specific contractual terms. These revenues are reported on the Consolidated Income Statement in the line item Residential and commercial mortgage. We recognize revenue from securities, derivatives and foreign exchange customer-related trading, as well as securities underwriting activities, as these transactions occur or as performance obligations are met. We generally recognize gains from the sale of loans upon meeting the derecognition criteria for transfers of financial assets. Mortgage revenue recognized is reported net of mortgage repurchase reserves. For the fee-based revenue within the scope of ASC Topic 606 - Revenue from Contracts with Customers , revenue is recognized when or as those services are transferred to the customer. See Note 23 Fee-based Revenue from Contracts with Customers for additional information related to revenue within the scope of ASC Topic 606. Noninterest Income Presentation A description of each revenue stream follows: Asset management and brokerage includes revenue from our asset management and retail brokerage businesses. Asset management services include investment management, custody, retirement planning, family planning, trust management and retirement administration. Brokerage services offer retail customers a wide range of investment options, including mutual funds, annuities, stock, bonds and managed accounts. Capital markets and advisory includes revenue from services and activities primarily related to merger and acquisition advisory, equity capital markets advisory, asset-backed financing, loan syndication, securities underwriting, credit and funding valuation adjustments related to the derivatives portfolio and customer-related trading. Card and cash management includes revenue primarily from debit and credit card activities, inclusive of credit card points and rewards, treasury management services and ATM fees. Debit and credit card activities include interchange revenue and merchant service fees. Treasury management services include cash and investment management, receivables and disbursement management, funds transfer, international payment and access to online/mobile information management and reporting. Lending and deposit services includes revenue primarily related to service charges on deposits, loan commitment and usage fees, the issuance of standby letters of credit, operating lease income and long-term care and insurance products. Residential and commercial mortgage includes the gain and loss on sale of mortgages, revenue related to our mortgage servicing responsibilities, mortgage servicing rights valuation adjustments and net gains on originations and sales of loans held for sale. Other noninterest income is primarily composed of private equity revenue, net securities gains and losses, activity related to our equity investment in Visa, including related swaps and gains and losses on asset sales.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards Accounting Standards Update Description Financial Statement Impact Reference Rate Reform - ASU 2020-04 Issued March 2020 Reference Rate Reform Scope - ASU 2021-01 Issued January 2021 Reference Rate Reform Deferral of Sunset Date – ASU 2022-06 Issued December 2022 • Provides optional expedients and exceptions for applying generally accepted accounting principles to contracts, hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform (codified in ASC 848). • Includes optional expedients related to contract modifications that allow an entity to account for modifications (if certain criteria are met) as if the modifications were only minor (assets within the scope of ASC 310, Receivables), were not substantial (assets within the scope of ASC 470, Debt) and/or did not result in remeasurements or reclassifications (assets within the scope of ASC 842, Leases, and other Topics) of the existing contract. • Includes optional expedients related to hedging relationships within the scope of ASC 815, Derivatives & Hedging, whereby changes to the critical terms of a hedging relationship do not require dedesignation if certain criteria are met. In addition, potential sources of ineffectiveness as a result of reference rate reform may be disregarded when performing some effectiveness assessments. • Includes optional expedients and exceptions for contract modifications and hedge accounting that apply to derivative instruments impacted by the market-wide discounting transition. • Guidance in these ASUs is effective as of March 12, 2020 through December 31, 2024. • ASU 2020-04 was adopted March 12, 2020. ASU 2021-01 was retrospectively adopted October 1, 2020. ASU 2022-06 was adopted upon issuance. • During the fourth quarter of 2020, we elected to apply certain optional expedients for contract modifications and hedging relationships to derivative instruments impacted by the market-wide discounting transition. These optional expedients remove the requirement to remeasure contract modifications or dedesignate hedging relationships due to reference rate reform. The elections made in the fourth quarter of 2020 apply only to derivative instruments impacted by the market-wide discounting transition, not all derivative instruments. • During the first quarter of 2021, we elected to apply certain optional expedients to derivative instruments that were modified in the first quarter due to the adoption of fallback language recommended by the ISDA to address the anticipated cessation of LIBOR. These optional expedients remove the requirement to remeasure contract modifications or dedesignate hedging relationships due to reference rate reform. We applied these optional expedients consistently to all eligible LIBOR cessation-related contract modifications and hedging relationships since election. • During the fourth quarter of 2021, we elected to apply certain optional expedients for contract modifications to receivables modified in the fourth quarter due to the cessation of 1-week and 2-month USD LIBOR tenors and non-USD Interbank Offered Rates. These optional expedients remove the requirement to assess whether the contract modification was more-than-minor in accordance with ASC 310. We also elected to apply certain optional expedients related to assessing hedge effectiveness to our cash flow hedge relationships affected by reference rate reform. We applied these optional expedients consistently to all eligible LIBOR cessation-related contract modifications and hedging relationships since election. • During the second quarter of 2023, we elected and applied certain optional expedients for contract modifications and hedging relationships impacted by the central clearing counterparties conversion processes for LIBOR-indexed derivative instruments. These optional expedients remove the requirement to remeasure contract modifications or dedesignate hedging relationships due to reference rate reform. The elections made apply only to derivatives instruments impacted by the central clearinghouse conversion process. • During the second quarter of 2023, we applied certain optional expedients for investment security, debt and preferred stock instrument contract modifications impacted by LIBOR cessation. These optional expedients remove the requirement to remeasure contract modifications. • We did not elect any additional optional expedients for contract modifications and hedge relationships affected by reference rate reform before the expiration of this guidance on December 31, 2024. Accounting Standards Update Description Financial Statement Impact Improvements to Reportable Segment Disclosures - ASU 2023-07 Issued November 2023 • Requires that a public entity disclose significant segment expenses that are regularly provided to the CODM and included within each reported measure of segment profit or loss. • Requires that a public entity disclose an amount for other segment items by reportable segment and a description of its composition. • Requires that a public entity provide all annual disclosures about a reportable segment’s profit or loss and assets currently required by ASC 280 in interim periods. • Clarifies that if the CODM uses more than one measure of a segment’s profit or loss in assessing segment performance and deciding how to allocate resources, a public entity may report one or more of those additional measures of segment profit. • Requires that a public entity disclose the title and position of the CODM and an explanation of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources. • Requires a retrospective transition approach for all prior periods presented in the financial statements. • Adopted for annual periods beginning in 2024 and interim periods beginning in the first quarter of 2025, using a retrospective transition approach. • The presentation of our business segment results has been updated to reflect significant segment-level expense information and can be found within Note 22 Segment Reporting. • This ASU did not impact our Consolidated Income Statement, Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Consolidated Statement of Cash Flows or Consolidated Statement of Changes in Equity.

Accounting Policies (Tables)

Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Schedule Of Policy For Classifying Nonperforming Assets	The matrix that follows summarizes our policies for classifying certain loans as nonperforming loans and/or discontinuing the accrual of loan interest income. Commercial Loans classified as nonperforming and accounted for as nonaccrual • Loans accounted for at amortized cost where: – The loan is 90 days or more past due. – The loan is rated substandard or worse due to the determination that full collection of principal and interest is not probable as demonstrated by the following conditions: • The collection of principal or interest is 90 days or more past due, • Reasonable doubt exists as to the certainty of the borrower’s future debt service ability, according to the terms of the credit arrangement, regardless of whether 90 days have passed or not, • The borrower has filed, or will likely file for bankruptcy, and it is not probable the borrower will be able to repay contractual payments due under the loan, • The bank advances additional funds to cover principal or interest, • We are in the process of liquidating a commercial borrower, or • We are pursuing remedies under a guarantee. Loans excluded from nonperforming classification but accounted for as nonaccrual • Loans accounted for under the fair value option and full collection of principal and interest is not probable. • Loans accounted for at the lower of cost or market less costs to sell (held for sale) and full collection of principal and interest is not probable. Loans excluded from nonperforming classification and nonaccrual accounting • Loans that are well secured and in the process of collection. • Certain government insured or guaranteed loans where substantially all principal and interest is insured. • Commercial purchasing card assets that do not accrue interest. Consumer Loans classified as nonperforming and accounted for as nonaccrual • Loans accounted for at amortized cost where full collection of contractual principal and interest is not deemed probable as demonstrated in the policies below: – The loan is 90 days past due for home equity and installment loans, and 180 days past due for well- secured residential real estate loans, – The loan had been modified and classified as a TDR prior to the adoption of ASU 2022-02, – The loan has been modified due to a borrower experiencing financial difficulty and is not government insured or guaranteed, – The loan has been modified to defer prior payments in forbearance to the end of the loan term, – Notification of bankruptcy has been received, – The bank holds a subordinate lien position in the loan and the first lien mortgage loan is seriously stressed ( i.e. , 90 days or more past due), – Other loans within the same borrower relationship have been placed on nonaccrual or charge-offs have been taken on them, – The bank has ordered the repossession of non-real estate collateral securing the loan, or – The bank has charged-off the loan to the value of the collateral. Loans excluded from nonperforming classification but accounted for as nonaccrual • Loans accounted for under the fair value option and full collection of principal and interest is not probable. • Loans accounted for at the lower of cost or market less costs to sell (held for sale) and full collection of principal and interest is not probable. Loans excluded from nonperforming classification and nonaccrual accounting • Certain government insured or guaranteed loans where substantially all principal and interest is insured. • Residential real estate loans that are well secured and in the process of collection. • Consumer loans and lines of credit, not secured by residential real estate or automobiles, as permitted by regulatory guidance.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards Accounting Standards Update Description Financial Statement Impact Reference Rate Reform - ASU 2020-04 Issued March 2020 Reference Rate Reform Scope - ASU 2021-01 Issued January 2021 Reference Rate Reform Deferral of Sunset Date – ASU 2022-06 Issued December 2022 • Provides optional expedients and exceptions for applying generally accepted accounting principles to contracts, hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform (codified in ASC 848). • Includes optional expedients related to contract modifications that allow an entity to account for modifications (if certain criteria are met) as if the modifications were only minor (assets within the scope of ASC 310, Receivables), were not substantial (assets within the scope of ASC 470, Debt) and/or did not result in remeasurements or reclassifications (assets within the scope of ASC 842, Leases, and other Topics) of the existing contract. • Includes optional expedients related to hedging relationships within the scope of ASC 815, Derivatives & Hedging, whereby changes to the critical terms of a hedging relationship do not require dedesignation if certain criteria are met. In addition, potential sources of ineffectiveness as a result of reference rate reform may be disregarded when performing some effectiveness assessments. • Includes optional expedients and exceptions for contract modifications and hedge accounting that apply to derivative instruments impacted by the market-wide discounting transition. • Guidance in these ASUs is effective as of March 12, 2020 through December 31, 2024. • ASU 2020-04 was adopted March 12, 2020. ASU 2021-01 was retrospectively adopted October 1, 2020. ASU 2022-06 was adopted upon issuance. • During the fourth quarter of 2020, we elected to apply certain optional expedients for contract modifications and hedging relationships to derivative instruments impacted by the market-wide discounting transition. These optional expedients remove the requirement to remeasure contract modifications or dedesignate hedging relationships due to reference rate reform. The elections made in the fourth quarter of 2020 apply only to derivative instruments impacted by the market-wide discounting transition, not all derivative instruments. • During the first quarter of 2021, we elected to apply certain optional expedients to derivative instruments that were modified in the first quarter due to the adoption of fallback language recommended by the ISDA to address the anticipated cessation of LIBOR. These optional expedients remove the requirement to remeasure contract modifications or dedesignate hedging relationships due to reference rate reform. We applied these optional expedients consistently to all eligible LIBOR cessation-related contract modifications and hedging relationships since election. • During the fourth quarter of 2021, we elected to apply certain optional expedients for contract modifications to receivables modified in the fourth quarter due to the cessation of 1-week and 2-month USD LIBOR tenors and non-USD Interbank Offered Rates. These optional expedients remove the requirement to assess whether the contract modification was more-than-minor in accordance with ASC 310. We also elected to apply certain optional expedients related to assessing hedge effectiveness to our cash flow hedge relationships affected by reference rate reform. We applied these optional expedients consistently to all eligible LIBOR cessation-related contract modifications and hedging relationships since election. • During the second quarter of 2023, we elected and applied certain optional expedients for contract modifications and hedging relationships impacted by the central clearing counterparties conversion processes for LIBOR-indexed derivative instruments. These optional expedients remove the requirement to remeasure contract modifications or dedesignate hedging relationships due to reference rate reform. The elections made apply only to derivatives instruments impacted by the central clearinghouse conversion process. • During the second quarter of 2023, we applied certain optional expedients for investment security, debt and preferred stock instrument contract modifications impacted by LIBOR cessation. These optional expedients remove the requirement to remeasure contract modifications. • We did not elect any additional optional expedients for contract modifications and hedge relationships affected by reference rate reform before the expiration of this guidance on December 31, 2024. Accounting Standards Update Description Financial Statement Impact Improvements to Reportable Segment Disclosures - ASU 2023-07 Issued November 2023 • Requires that a public entity disclose significant segment expenses that are regularly provided to the CODM and included within each reported measure of segment profit or loss. • Requires that a public entity disclose an amount for other segment items by reportable segment and a description of its composition. • Requires that a public entity provide all annual disclosures about a reportable segment’s profit or loss and assets currently required by ASC 280 in interim periods. • Clarifies that if the CODM uses more than one measure of a segment’s profit or loss in assessing segment performance and deciding how to allocate resources, a public entity may report one or more of those additional measures of segment profit. • Requires that a public entity disclose the title and position of the CODM and an explanation of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources. • Requires a retrospective transition approach for all prior periods presented in the financial statements. • Adopted for annual periods beginning in 2024 and interim periods beginning in the first quarter of 2025, using a retrospective transition approach. • The presentation of our business segment results has been updated to reflect significant segment-level expense information and can be found within Note 22 Segment Reporting. • This ASU did not impact our Consolidated Income Statement, Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Consolidated Statement of Cash Flows or Consolidated Statement of Changes in Equity.
Credit Quality Indicators by Loan Class	The following matrix provides key credit risk characteristics that we use to estimate these risk parameters. Loan Class Probability of Default Loss Given Default Exposure at Default Commercial Commercial and industrial / Equipment lease financing • For wholesale obligors: internal risk ratings based on borrower characteristics and industry • For retail small balance obligors: credit score, delinquency status, and product type • Collateral type, LTV, industry, size and outstanding exposure for secured loans • Capital structure, industry and size for unsecured loans • For retail small balance obligors, product type and credit scores • Outstanding balances, commitment, contractual maturities and historical prepayment experience for loans • Current utilization and historical pre-default draw experience for lines Commercial real estate (CRE) • Property performance metrics, property type, market and risk pool and internal risk ratings based on borrower characteristics • Property type, LTV, market, risk pool and costs to sell • Outstanding balances, commitment, contractual maturities and historical prepayment experience for loans Consumer Home equity / Residential real estate • Borrower credit scores, delinquency status, origination vintage, LTV and contractual maturity • Collateral characteristics, LTV and costs to sell • Outstanding balances, contractual maturities and historical prepayment experience for loans • Current utilization and historical pre-default draw experience for lines Automobile • Borrower credit scores, delinquency status, borrower income, LTV and contractual maturity • New vs. used, LTV and borrower credit scores • Outstanding balances, contractual maturities and historical prepayment experience Credit card • Borrower credit scores, delinquency status, utilization, payment behavior and months on book • Borrower credit scores and credit line amount • Paydown curves are developed using a pro-rata method and estimated using borrower behavior segments, payment ratios and borrower credit scores Education / Other consumer • Modeled using either discrete risk parameters or analytical approaches based on net charge-offs and paydown rates The following matrix describes the key economic variables that are consumed during our forecast period by loan class, as well as other assumptions that are used for our reversion and long-run average approaches. Loan Class Forecast Period - Key Economic Variables Reversion Method Long-Run Average Commercial Commercial and industrial / Equipment lease financing • GDP and Gross Domestic Investment measures, employment related variables and personal income and consumption measures • Immediate reversion • Average parameters determined based on internal and external historical data • Modeled parameters using long-run economic conditions for retail small balance obligors Commercial real estate (CRE) • CRE Price Index, unemployment rates, GDP, corporate bond yield and interest rates • Immediate reversion • Average parameters determined based on internal and external historical data Consumer Home equity / Residential real estate • Unemployment rates, HPI and interest rates • Straight-line over 3 years • Modeled parameters using long-run economic conditions Automobile • Unemployment rates, HPI, disposable personal income and Manheim used car index • Straight-line over 1 year • Average parameters determined based on internal historical data Credit card • Unemployment rates, personal consumption expenditure and HPI • Straight-line over 2 years • Modeled parameters using long-run economic conditions Education / Other consumer • Modeled using either discrete risk parameters or analytical approaches based on net charge-offs and paydown rates The following table presents credit quality indicators for our commercial loan classes: Table 50: Commercial Credit Quality Indicators (a) Term Loans by Origination Year December 31, 2024 In millions 2024 2023 2022 2021 2020 Prior Revolving Loans Revolving Loans Converted to Term Total Commercial and industrial Pass Rated $ 22,145 $ 13,815 $ 17,043 $ 5,275 $ 4,594 $ 11,270 $ 91,389 $ 522 $ 166,053 Criticized 761 878 1,856 601 144 580 4,868 49 9,737 Total commercial and industrial loans 22,906 14,693 18,899 5,876 4,738 11,850 96,257 571 175,790 Gross charge-offs (b) 22 (c) 32 51 25 5 7 133 53 328 Commercial real estate Pass Rated 2,331 5,575 6,875 2,232 1,220 9,685 423 28,341 Criticized 141 335 1,974 485 465 1,853 25 5,278 Total commercial real estate loans 2,472 5,910 8,849 2,717 1,685 11,538 448 33,619 Gross charge-offs (b) 28 5 2 1 322 358 Equipment lease financing Pass Rated 1,814 1,264 1,112 478 478 1,305 6,451 Criticized 51 79 88 35 21 30 304 Total equipment lease financing loans 1,865 1,343 1,200 513 499 1,335 6,755 Gross charge-offs (b) 1 6 12 5 4 6 34 Total commercial loans $ 27,243 $ 21,946 $ 28,948 $ 9,106 $ 6,922 $ 24,723 $ 96,705 $ 571 $ 216,164 Total commercial gross charge-offs $ 51 $ 43 $ 63 $ 32 $ 10 $ 335 $ 133 $ 53 $ 720 Term Loans by Origination Year December 31, 2023 In millions 2023 2022 2021 2020 2019 Prior Revolving Loans Revolving Loans Converted to Term Total Commercial and industrial Pass Rated $ 23,019 $ 26,657 $ 7,562 $ 5,783 $ 4,110 $ 11,982 $ 88,467 $ 573 $ 168,153 Criticized 838 1,781 739 331 281 698 4,708 51 9,427 Total commercial and industrial loans 23,857 28,438 8,301 6,114 4,391 12,680 93,175 624 177,580 Gross charge-offs (b) 25 (c) 32 33 8 3 26 105 12 244 Commercial real estate Pass Rated 4,182 8,571 2,986 2,190 4,887 7,411 383 30,610 Criticized 155 1,300 455 490 622 1,753 51 4,826 Total commercial real estate loans 4,337 9,871 3,441 2,680 5,509 9,164 434 35,436 Gross charge-offs (b) 12 31 137 180 Equipment lease financing Pass Rated 1,522 1,424 689 690 452 1,378 6,155 Criticized 90 81 81 51 35 49 387 Total equipment lease financing loans 1,612 1,505 770 741 487 1,427 6,542 Gross charge-offs (b) 4 4 4 4 1 1 18 Total commercial loans $ 29,806 $ 39,814 $ 12,512 $ 9,535 $ 10,387 $ 23,271 $ 93,609 $ 624 $ 219,558 Total commercial gross charge-offs $ 29 $ 36 $ 37 $ 24 $ 35 $ 164 $ 105 $ 12 $ 442 (a) Loans in our commercial portfolio are classified as Pass Rated or Criticized based on the regulatory definitions, which are driven by the PD and LGD ratings that we assign. The Criticized classification includes loans that were rated special mention, substandard or doubtful as of December 31, 2024 and 2023. (b) Gross charge-offs are presented on a year-to-date basis, as of the period end date. (c) Includes charge-offs of deposit overdrafts. The following table presents credit quality indicators for our residential real estate and home equity loan classes: Table 51: Credit Quality Indicators for Residential Real Estate and Home Equity Loan Classes Term Loans by Origination Year December 31, 2024 In millions 2024 2023 2022 2021 2020 Prior Revolving Loans Revolving Loans Converted to Term Total Residential real estate Current estimated LTV ratios Greater than 100% $ 10 $ 55 $ 85 $ 52 $ 23 $ 32 $ 257 Greater than or equal to 80% to 100% 591 485 954 601 171 111 2,913 Less than 80% 2,043 4,039 8,450 13,958 6,084 8,039 42,613 No LTV available 9 3 12 Government insured or guaranteed loans 1 16 23 17 66 497 620 Total residential real estate loans $ 2,645 $ 4,595 $ 9,512 $ 14,637 $ 6,344 $ 8,682 $ 46,415 Updated FICO scores Greater than or equal to 780 $ 1,730 $ 3,264 $ 7,584 $ 11,723 $ 4,683 $ 4,858 $ 33,842 720 to 779 789 805 1,406 2,035 1,004 1,567 7,606 660 to 719 115 270 401 620 324 784 2,514 Less than 660 9 108 90 156 116 696 1,175 No FICO score available 1 132 8 86 151 280 658 Government insured or guaranteed loans 1 16 23 17 66 497 620 Total residential real estate loans $ 2,645 $ 4,595 $ 9,512 $ 14,637 $ 6,344 $ 8,682 $ 46,415 Gross charge-offs (a) $ 1 $ 2 $ 3 Home equity (b) Current estimated LTV ratios Greater than 100% $ 1 $ 12 $ 17 $ 368 $ 372 $ 770 Greater than or equal to 80% to 100% 5 31 30 1,098 1,619 2,783 Less than 80% 141 1,670 2,807 6,907 10,913 22,438 Total home equity loans $ 147 $ 1,713 $ 2,854 $ 8,373 $ 12,904 $ 25,991 Updated FICO scores Greater than or equal to 780 $ 94 $ 1,145 $ 1,753 $ 4,720 $ 6,211 $ 13,923 720 to 779 34 352 572 2,251 3,274 6,483 660 to 719 14 151 289 1,193 2,085 3,732 Less than 660 5 63 234 202 1,290 1,794 No FICO score available 2 6 7 44 59 Total home equity loans $ 147 $ 1,713 $ 2,854 $ 8,373 $ 12,904 $ 25,991 Gross charge-offs (a) $ 1 $ 16 $ 19 $ 36 (Continued from previous page) Term Loans by Origination Year December 31, 2023 In millions 2023 2022 2021 2020 2019 Prior Revolving Loans Revolving Loans Converted to Term Total Residential real estate Current estimated LTV ratios Greater than 100% $ 15 $ 139 $ 79 $ 31 $ 10 $ 28 $ 302 Greater than or equal to 80% to 100% 1,665 1,928 955 221 69 92 4,930 Less than 80% 3,585 7,977 14,421 6,514 2,154 6,935 41,586 No LTV available 56 13 4 73 Government insured or guaranteed loans 14 20 16 66 37 500 653 Total residential real estate loans $ 5,335 $ 10,064 $ 15,484 $ 6,832 $ 2,270 $ 7,559 $ 47,544 Updated FICO scores Greater than or equal to 780 $ 3,206 $ 7,797 $ 12,197 $ 5,035 $ 1,492 $ 4,004 $ 33,731 720 to 779 1,482 1,659 2,389 1,107 432 1,388 8,457 660 to 719 400 508 657 334 171 721 2,791 Less than 660 93 71 133 122 82 680 1,181 No FICO score available 140 9 92 168 56 266 731 Government insured or guaranteed loans 14 20 16 66 37 500 653 Total residential real estate loans $ 5,335 $ 10,064 $ 15,484 $ 6,832 $ 2,270 $ 7,559 $ 47,544 Gross charge-offs (a) $ 2 $ 1 $ 1 $ 4 $ 8 Home equity (b) Current estimated LTV ratios Greater than 100% $ 1 $ 12 $ 6 $ 14 $ 306 $ 309 $ 648 Greater than or equal to 80% to 100% 4 40 17 22 1,116 1,743 2,942 Less than 80% 157 1,866 845 2,556 6,843 10,293 22,560 Total home equity loans $ 162 $ 1,918 $ 868 $ 2,592 $ 8,265 $ 12,345 $ 26,150 Updated FICO scores Greater than or equal to 780 $ 102 $ 1,254 $ 489 $ 1,605 $ 4,604 $ 6,083 $ 14,137 720 to 779 38 423 216 488 2,222 3,225 6,612 660 to 719 17 174 110 271 1,207 1,894 3,673 Less than 660 5 65 52 220 223 1,089 1,654 No FICO score available 2 1 8 9 54 74 Total home equity loans $ 162 $ 1,918 $ 868 $ 2,592 $ 8,265 $ 12,345 $ 26,150 Gross charge-offs (a) $ 4 $ 7 $ 10 $ 21 (a) Gross charge-offs are presented on a year-to-date basis, as of the period end date. (b) Beginning January 1, 2022, new originations consist of only revolving Home Equity Lines of Credit. The following table presents credit quality indicators for our automobile, credit card, education and other consumer loan classes: Table 52: Credit Quality Indicators for Automobile, Credit Card, Education and Other Consumer Loan Classes Term Loans by Origination Year December 31, 2024 In millions 2024 2023 2022 2021 2020 Prior Revolving Loans Revolving Loans Converted to Term Total Automobile Updated FICO scores Greater than or equal to 780 $ 3,288 $ 1,717 $ 1,094 $ 865 $ 241 $ 125 $ 7,330 720 to 779 2,047 1,123 636 415 129 90 4,440 660 to 719 963 671 367 227 82 74 2,384 Less than 660 246 351 231 174 87 112 1,201 Total automobile loans $ 6,544 $ 3,862 $ 2,328 $ 1,681 $ 539 $ 401 $ 15,355 Gross charge-offs (a) $ 9 $ 44 $ 27 $ 17 $ 12 $ 22 $ 131 Credit card Updated FICO scores Greater than or equal to 780 $ 2,090 $ 2 $ 2,092 720 to 779 1,859 5 1,864 660 to 719 1,815 16 1,831 Less than 660 936 57 993 No FICO score available or required (b) 97 2 99 Total credit card loans $ 6,797 $ 82 $ 6,879 Gross charge-offs (a) $ 316 $ 39 $ 355 Education Updated FICO scores Greater than or equal to 780 $ 22 $ 58 $ 79 $ 39 $ 33 $ 318 $ 549 720 to 779 20 36 38 20 14 116 244 660 to 719 13 14 15 6 5 46 99 Less than 660 3 3 3 1 1 19 30 No FICO score available or required (b) 12 5 4 1 1 23 Total loans using FICO credit metric 70 116 139 67 53 500 945 Other internal credit metrics 691 691 Total education loans $ 70 $ 116 $ 139 $ 67 $ 53 $ 1,191 $ 1,636 Gross charge-offs (a) $ 1 $ 1 $ 1 $ 16 $ 19 Other consumer Updated FICO scores Greater than or equal to 780 $ 245 $ 129 $ 64 $ 20 $ 5 $ 6 $ 37 $ 1 $ 507 720 to 779 292 141 70 21 6 6 72 1 609 660 to 719 203 97 72 22 8 6 79 1 488 Less than 660 20 33 34 15 6 5 40 1 154 Total loans using FICO credit metric 760 400 240 78 25 23 228 4 1,758 Other internal credit metrics 6 9 77 12 11 90 2,056 8 2,269 Total other consumer loans $ 766 $ 409 $ 317 $ 90 $ 36 $ 113 $ 2,284 $ 12 $ 4,027 Gross charge-offs (a) $ 76 (c) $ 27 $ 26 $ 13 $ 8 $ 9 $ 11 $ 1 $ 171 (Continued from previous page) Term Loans by Origination Year December 31, 2023 In millions 2023 2022 2021 2020 2019 Prior Revolving Loans Revolving Loans Converted to Term Total Automobile Updated FICO scores Greater than or equal to 780 $ 2,722 $ 1,650 $ 1,483 $ 535 $ 368 $ 88 $ 6,846 720 to 779 1,797 1,104 778 301 250 80 4,310 660 to 719 1,014 604 408 186 186 70 2,468 Less than 660 264 272 243 152 200 105 1,236 Total automobile loans $ 5,797 $ 3,630 $ 2,912 $ 1,174 $ 1,004 $ 343 $ 14,860 Gross charge-offs (a) $ 8 $ 24 $ 22 $ 17 $ 30 $ 20 $ 121 Credit card Updated FICO scores Greater than or equal to 780 $ 2,017 $ 1 $ 2,018 720 to 779 1,976 4 1,980 660 to 719 1,979 13 1,992 Less than 660 1,036 48 1,084 No FICO score available or required (b) 103 3 106 Total credit card loans $ 7,111 $ 69 $ 7,180 Gross charge-offs (a) $ 290 $ 29 $ 319 Education Updated FICO scores Greater than or equal to 780 $ 35 $ 88 $ 45 $ 40 $ 51 $ 331 $ 590 720 to 779 32 47 24 19 24 131 277 660 to 719 20 17 8 6 8 54 113 Less than 660 4 3 2 1 2 21 33 No FICO score available or required (b) 15 5 4 2 1 27 Total loans using FICO credit metric 106 160 83 68 85 538 1,040 Other internal credit metrics 905 905 Total education loans $ 106 $ 160 $ 83 $ 68 $ 85 $ 1,443 $ 1,945 Gross charge-offs (a) $ 1 $ 1 $ 2 $ 13 $ 17 Other consumer Updated FICO scores Greater than or equal to 780 $ 241 $ 127 $ 47 $ 21 $ 14 $ 11 $ 39 $ 1 $ 501 720 to 779 286 157 54 26 17 11 80 1 632 660 to 719 147 140 57 27 21 11 87 2 492 Less than 660 19 52 31 17 14 8 43 1 185 Total loans using FICO credit metric 693 476 189 91 66 41 249 5 1,810 Other internal credit metrics 19 97 33 48 71 34 2,149 10 2,461 Total other consumer loans $ 712 $ 573 $ 222 $ 139 $ 137 $ 75 $ 2,398 $ 15 $ 4,271 Gross charge-offs (a) $ 75 (c) $ 23 $ 18 $ 14 $ 14 $ 8 $ 11 $ 1 $ 164 (a) Gross charge-offs are presented on a year-to-date basis, as of the period end date. (b) Loans where FICO scores are not available or required generally refers to new accounts issued to borrowers with limited credit history, accounts for which we cannot obtain an updated FICO score ( e.g. , recent profile changes), cards issued with a business name and/or cards secured by collateral. Management proactively assesses the risk and size of this loan category and, when necessary, takes actions to mitigate the credit risk. (c)

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Investment Securities Summary	The following table summarizes our available-for-sale and held-to-maturity portfolios by major security type: Table 43: Investment Securities Summary (a)(b) December 31, 2024 December 31, 2023 In millions Amortized Unrealized Fair Amortized Unrealized Fair Gains Losses Gains Losses Securities Available-for-sale U.S. Treasury and government agencies $ 23,962 $ 25 $ (436) $ 23,551 $ 7,596 $ 22 $ (667) $ 6,951 Residential mortgage-backed Agency 33,589 28 (2,991) 30,626 30,643 46 (2,809) 27,880 Non-agency 504 105 (6) 603 585 118 (7) 696 Commercial mortgage-backed Agency 2,077 1 (133) 1,945 1,680 1 (135) 1,546 Non-agency 706 (15) 691 913 1 (45) 869 Asset-backed 2,353 42 (3) 2,392 1,092 25 (1) 1,116 Other 2,307 42 (118) 2,231 2,844 44 (161) 2,727 Total securities available-for-sale $ 65,498 $ 243 $ (3,702) $ 62,039 $ 45,353 $ 257 $ (3,825) $ 41,785 Securities Held-to-Maturity U.S. Treasury and government agencies $ 29,420 $ (896) $ 28,524 $ 36,529 $ 9 $ (1,141) $ 35,397 Residential mortgage-backed Agency 40,171 $ 16 (3,696) 36,491 42,686 92 (2,733) 40,045 Non-agency 240 (21) 219 259 (17) 242 Commercial mortgage-backed Agency 955 3 (28) 930 939 9 (23) 925 Non-agency 836 3 (7) 832 1,373 2 (27) 1,348 Asset-backed 3,380 37 (16) 3,401 5,890 17 (39) 5,868 Other 2,691 19 (49) 2,661 3,108 50 (35) 3,123 Total securities held-to-maturity (d) $ 77,693 $ 78 $ (4,713) $ 73,058 $ 90,784 $ 179 $ (4,015) $ 86,948 (a) At December 31, 2024, the accrued interest associated with our held-to-maturity and available-for-sale portfolios totaled $242 million and $328 million, respectively. The comparable amounts at December 31, 2023 were $281 million and $144 million, respectively. These amounts are included in Other assets (b) Credit ratings represent a primary credit quality indicator used to monitor and manage credit risk. Of our total securities portfolio, 97% were rated AAA/AA at both December 31, 2024 and 2023. (c) Amortized cost is presented net of allowance of $86 million for securities available-for-sale, primarily related to non-agency commercial mortgage-backed securities, and $5 million for securities held-to-maturity at December 31, 2024. The comparable amounts at December 31, 2023 were $86 million and $6 million, respectively.
Gross Unrealized Loss and Fair Value of Securities Available for Sale Without an Allowance for Credit Losses	Table 44: Gross Unrealized Loss and Fair Value of Securities Available-for-Sale Without an Allowance for Credit Losses Unrealized loss position Unrealized loss position Total In millions Unrealized Fair Unrealized Fair Unrealized Fair December 31, 2024 U.S. Treasury and government agencies $ (70) $ 17,500 $ (366) $ 1,824 $ (436) $ 19,324 Residential mortgage-backed Agency (65) 6,163 (2,926) 19,595 (2,991) 25,758 Non-agency (3) 41 (3) 41 Commercial mortgage-backed Agency (8) 501 (125) 1,388 (133) 1,889 Non-agency (15) 559 (15) 559 Asset-backed (2) 226 (1) 8 (3) 234 Other (2) 99 (98) 1,734 (100) 1,833 Total securities available-for-sale $ (147) $ 24,489 $ (3,534) $ 25,149 $ (3,681) $ 49,638 December 31, 2023 U.S. Treasury and government agencies $ (666) $ 6,035 $ (666) $ 6,035 Residential mortgage-backed Agency $ (4) $ 1,015 (2,805) 24,306 (2,809) 25,321 Non-agency (1) 15 (4) 84 (5) 99 Commercial mortgage-backed Agency (135) 1,495 (135) 1,495 Non-agency (45) 731 (45) 731 Asset-backed (1) 9 (1) 9 Other (3) 78 (136) 2,106 (139) 2,184 Total securities available-for-sale $ (8) $ 1,108 $ (3,792) $ 34,766 $ (3,800) $ 35,874
Gains (losses) on Sales of Securities Available for Sale	Information related to gross realized securities gains and losses from the sales of securities is set forth in the following table: Table 45: Gains (Losses) on Sales of Securities Available-for-Sale Year ended December 31 Gross Gains Gross Losses Net Gains (Losses) Tax Expense (Benefit) 2024 $ 2 $ (502) $ (500) $ (105) 2023 $ (2) $ (2) 2022 $ 11 $ (18) $ (7) $ (1)
Contractual Maturity of Securities	The following table presents, by remaining contractual maturity, the amortized cost, fair value and weighted-average yield of debt securities at December 31, 2024: Table 46: Contractual Maturity of Debt Securities 1 Year or After 1 Year After 5 Years After 10 Total Dollars in millions Securities Available-for-sale U.S. Treasury and government agencies $ 512 $ 10,325 $ 10,849 $ 2,276 $ 23,962 Residential mortgage-backed Agency 4 226 3,627 29,732 33,589 Non-agency 18 486 504 Commercial mortgage-backed Agency 73 1,101 475 428 2,077 Non-agency 1 103 84 518 706 Asset-backed 850 319 1,184 2,353 Other 283 1,623 261 140 2,307 Total securities available-for-sale at amortized cost $ 873 $ 14,228 $ 15,633 $ 34,764 $ 65,498 Fair value $ 870 $ 14,074 $ 15,287 $ 31,808 $ 62,039 Weighted-average yield, GAAP basis (a) 2.75 % 3.69 % 4.10 % 3.73 % 3.80 % Securities Held-to-Maturity U.S. Treasury and government agencies $ 8,211 $ 18,783 $ 1,563 $ 863 $ 29,420 Residential mortgage-backed Agency 7 290 39,874 40,171 Non-agency 240 240 Commercial mortgage-backed Agency 278 469 208 955 Non-agency 39 797 836 Asset-backed 967 1,393 1,020 3,380 Other 304 796 322 1,269 2,691 Total securities held-to-maturity at amortized cost $ 8,515 $ 20,870 $ 4,037 $ 44,271 $ 77,693 Fair value $ 8,448 $ 20,271 $ 3,856 $ 40,483 $ 73,058 Weighted-average yield, GAAP basis (a) 1.36 % 1.72 % 3.05 % 2.93 % 2.44 % (a) Weighted-average yields are based on amortized cost with effective yields weighted for the contractual maturity of each security. Actual maturities and yields may differ as certain securities may be prepaid.
Fair Value of Securities Pledged and Accepted as Collateral	The following table presents the fair value of securities that have been either pledged to or accepted from others to collateralize outstanding borrowings: Table 47: Fair Value of Securities Pledged and Accepted as Collateral In millions December 31 December 31 Pledged to others $ 69,330 $ 29,878 Accepted from others: Permitted by contract or custom to sell or repledge $ 1,231 $ 755 Permitted amount repledged to others $ 1,231 $ 755

Loans and Related Allowance f_2

Loans and Related Allowance for Credit Losses (Tables)	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
Summary of the Classification of Portfolio Segments	Commercial Consumer • Commercial and industrial • Residential real estate • Commercial real estate • Home equity • Equipment lease financing • Automobile • Credit card • Education • Other consumer
Analysis of Loan Portfolio	Table 48 presents the composition and delinquency status of our loan portfolio at December 31, 2024 and December 31, 2023. Loan delinquencies include government insured or guaranteed loans and loans accounted for under the fair value option. Table 48: Analysis of Loan Portfolio (a) (b) Accruing Dollars in millions Current or Less 30-59 60-89 90 Days Total Nonperforming Fair Value Total Loans December 31, 2024 Commercial Commercial and industrial $ 174,988 $ 159 $ 43 $ 72 $ 274 $ 528 $ 175,790 Commercial real estate 32,657 25 18 43 919 33,619 Equipment lease financing 6,687 41 12 53 15 6,755 Total commercial 214,332 225 73 72 370 1,462 216,164 Consumer Residential real estate 45,134 234 106 188 528 (c) 278 $ 475 46,415 Home equity 25,351 71 26 97 482 61 25,991 Automobile 15,155 83 22 9 114 86 15,355 Credit card 6,696 49 38 81 168 15 6,879 Education 1,557 25 15 39 79 (c) 1,636 Other consumer 3,998 10 8 8 26 3 4,027 Total consumer 97,891 472 215 325 1,012 864 536 100,303 Total $ 312,223 $ 697 $ 288 $ 397 $ 1,382 $ 2,326 $ 536 $ 316,467 Percentage of total loans 98.66 % 0.22 % 0.09 % 0.13 % 0.44 % 0.73 % 0.17 % 100.00 % December 31, 2023 Commercial Commercial and industrial $ 176,796 $ 104 $ 45 $ 76 $ 225 $ 559 $ 177,580 Commercial real estate 34,685 7 9 16 735 35,436 Equipment lease financing 6,480 41 8 49 13 6,542 Total commercial 217,961 152 53 85 290 1,307 219,558 Consumer Residential real estate 46,159 282 101 192 575 (c) 294 $ 516 47,544 Home equity 25,533 63 27 90 458 69 26,150 Automobile 14,638 91 20 7 118 104 14,860 Credit card 6,991 54 39 86 179 10 7,180 Education 1,850 27 19 49 95 (c) 1,945 Other consumer 4,227 16 11 10 37 7 4,271 Total consumer 99,398 533 217 344 1,094 873 585 101,950 Total $ 317,359 $ 685 $ 270 $ 429 $ 1,384 $ 2,180 $ 585 $ 321,508 Percentage of total loans 98.71 % 0.21 % 0.08 % 0.13 % 0.43 % 0.68 % 0.18 % 100.00 % (a) Amounts in table represent loans held for investment and do not include any associated ALLL. (b) The accrued interest associated with our loan portfolio totaled $1.3 billion and $1.5 billion at December 31, 2024 and 2023, respectively. These amounts are included in Other assets (c) Past due loan amounts include government insured or guaranteed residential real estate loans and education loans totaling $0.3 billion and $0.1 billion at both December 31, 2024 and 2023, respectively. (d) Consumer loans accounted for under the fair value option for which we do not expect to collect substantially all principal and interest are subject to nonaccrual accounting and classification upon meeting any of our nonaccrual policy criteria. Given that these loans are not accounted for at amortized cost, they have been excluded from the nonperforming loan population. (e) Includes unearned income, unamortized deferred fees and costs on originated loans and premiums or discounts on purchased loans totaling $1.0 billion at both December 31, 2024 and 2023, respectively. (f)
Nonperforming Assets	The following table presents our nonperforming assets as of December 31, 2024 and 2023: Table 49: Nonperforming Assets Dollars in millions December 31, 2024 December 31, 2023 Nonperforming loans Commercial $ 1,462 $ 1,307 Consumer (a) 864 873 Total nonperforming loans (b) 2,326 2,180 OREO and foreclosed assets 31 36 Total nonperforming assets $ 2,357 $ 2,216 Nonperforming loans to total loans 0.73 % 0.68 % Nonperforming assets to total loans, OREO and foreclosed assets 0.74 % 0.69 % Nonperforming assets to total assets 0.42 % 0.39 % (a) Excludes most unsecured consumer loans and lines of credit, which are charged-off after 120 to 180 days past due and are not placed on nonperforming status. (b)
Credit Quality Indicators by Loan Class	The following matrix provides key credit risk characteristics that we use to estimate these risk parameters. Loan Class Probability of Default Loss Given Default Exposure at Default Commercial Commercial and industrial / Equipment lease financing • For wholesale obligors: internal risk ratings based on borrower characteristics and industry • For retail small balance obligors: credit score, delinquency status, and product type • Collateral type, LTV, industry, size and outstanding exposure for secured loans • Capital structure, industry and size for unsecured loans • For retail small balance obligors, product type and credit scores • Outstanding balances, commitment, contractual maturities and historical prepayment experience for loans • Current utilization and historical pre-default draw experience for lines Commercial real estate (CRE) • Property performance metrics, property type, market and risk pool and internal risk ratings based on borrower characteristics • Property type, LTV, market, risk pool and costs to sell • Outstanding balances, commitment, contractual maturities and historical prepayment experience for loans Consumer Home equity / Residential real estate • Borrower credit scores, delinquency status, origination vintage, LTV and contractual maturity • Collateral characteristics, LTV and costs to sell • Outstanding balances, contractual maturities and historical prepayment experience for loans • Current utilization and historical pre-default draw experience for lines Automobile • Borrower credit scores, delinquency status, borrower income, LTV and contractual maturity • New vs. used, LTV and borrower credit scores • Outstanding balances, contractual maturities and historical prepayment experience Credit card • Borrower credit scores, delinquency status, utilization, payment behavior and months on book • Borrower credit scores and credit line amount • Paydown curves are developed using a pro-rata method and estimated using borrower behavior segments, payment ratios and borrower credit scores Education / Other consumer • Modeled using either discrete risk parameters or analytical approaches based on net charge-offs and paydown rates The following matrix describes the key economic variables that are consumed during our forecast period by loan class, as well as other assumptions that are used for our reversion and long-run average approaches. Loan Class Forecast Period - Key Economic Variables Reversion Method Long-Run Average Commercial Commercial and industrial / Equipment lease financing • GDP and Gross Domestic Investment measures, employment related variables and personal income and consumption measures • Immediate reversion • Average parameters determined based on internal and external historical data • Modeled parameters using long-run economic conditions for retail small balance obligors Commercial real estate (CRE) • CRE Price Index, unemployment rates, GDP, corporate bond yield and interest rates • Immediate reversion • Average parameters determined based on internal and external historical data Consumer Home equity / Residential real estate • Unemployment rates, HPI and interest rates • Straight-line over 3 years • Modeled parameters using long-run economic conditions Automobile • Unemployment rates, HPI, disposable personal income and Manheim used car index • Straight-line over 1 year • Average parameters determined based on internal historical data Credit card • Unemployment rates, personal consumption expenditure and HPI • Straight-line over 2 years • Modeled parameters using long-run economic conditions Education / Other consumer • Modeled using either discrete risk parameters or analytical approaches based on net charge-offs and paydown rates The following table presents credit quality indicators for our commercial loan classes: Table 50: Commercial Credit Quality Indicators (a) Term Loans by Origination Year December 31, 2024 In millions 2024 2023 2022 2021 2020 Prior Revolving Loans Revolving Loans Converted to Term Total Commercial and industrial Pass Rated $ 22,145 $ 13,815 $ 17,043 $ 5,275 $ 4,594 $ 11,270 $ 91,389 $ 522 $ 166,053 Criticized 761 878 1,856 601 144 580 4,868 49 9,737 Total commercial and industrial loans 22,906 14,693 18,899 5,876 4,738 11,850 96,257 571 175,790 Gross charge-offs (b) 22 (c) 32 51 25 5 7 133 53 328 Commercial real estate Pass Rated 2,331 5,575 6,875 2,232 1,220 9,685 423 28,341 Criticized 141 335 1,974 485 465 1,853 25 5,278 Total commercial real estate loans 2,472 5,910 8,849 2,717 1,685 11,538 448 33,619 Gross charge-offs (b) 28 5 2 1 322 358 Equipment lease financing Pass Rated 1,814 1,264 1,112 478 478 1,305 6,451 Criticized 51 79 88 35 21 30 304 Total equipment lease financing loans 1,865 1,343 1,200 513 499 1,335 6,755 Gross charge-offs (b) 1 6 12 5 4 6 34 Total commercial loans $ 27,243 $ 21,946 $ 28,948 $ 9,106 $ 6,922 $ 24,723 $ 96,705 $ 571 $ 216,164 Total commercial gross charge-offs $ 51 $ 43 $ 63 $ 32 $ 10 $ 335 $ 133 $ 53 $ 720 Term Loans by Origination Year December 31, 2023 In millions 2023 2022 2021 2020 2019 Prior Revolving Loans Revolving Loans Converted to Term Total Commercial and industrial Pass Rated $ 23,019 $ 26,657 $ 7,562 $ 5,783 $ 4,110 $ 11,982 $ 88,467 $ 573 $ 168,153 Criticized 838 1,781 739 331 281 698 4,708 51 9,427 Total commercial and industrial loans 23,857 28,438 8,301 6,114 4,391 12,680 93,175 624 177,580 Gross charge-offs (b) 25 (c) 32 33 8 3 26 105 12 244 Commercial real estate Pass Rated 4,182 8,571 2,986 2,190 4,887 7,411 383 30,610 Criticized 155 1,300 455 490 622 1,753 51 4,826 Total commercial real estate loans 4,337 9,871 3,441 2,680 5,509 9,164 434 35,436 Gross charge-offs (b) 12 31 137 180 Equipment lease financing Pass Rated 1,522 1,424 689 690 452 1,378 6,155 Criticized 90 81 81 51 35 49 387 Total equipment lease financing loans 1,612 1,505 770 741 487 1,427 6,542 Gross charge-offs (b) 4 4 4 4 1 1 18 Total commercial loans $ 29,806 $ 39,814 $ 12,512 $ 9,535 $ 10,387 $ 23,271 $ 93,609 $ 624 $ 219,558 Total commercial gross charge-offs $ 29 $ 36 $ 37 $ 24 $ 35 $ 164 $ 105 $ 12 $ 442 (a) Loans in our commercial portfolio are classified as Pass Rated or Criticized based on the regulatory definitions, which are driven by the PD and LGD ratings that we assign. The Criticized classification includes loans that were rated special mention, substandard or doubtful as of December 31, 2024 and 2023. (b) Gross charge-offs are presented on a year-to-date basis, as of the period end date. (c) Includes charge-offs of deposit overdrafts. The following table presents credit quality indicators for our residential real estate and home equity loan classes: Table 51: Credit Quality Indicators for Residential Real Estate and Home Equity Loan Classes Term Loans by Origination Year December 31, 2024 In millions 2024 2023 2022 2021 2020 Prior Revolving Loans Revolving Loans Converted to Term Total Residential real estate Current estimated LTV ratios Greater than 100% $ 10 $ 55 $ 85 $ 52 $ 23 $ 32 $ 257 Greater than or equal to 80% to 100% 591 485 954 601 171 111 2,913 Less than 80% 2,043 4,039 8,450 13,958 6,084 8,039 42,613 No LTV available 9 3 12 Government insured or guaranteed loans 1 16 23 17 66 497 620 Total residential real estate loans $ 2,645 $ 4,595 $ 9,512 $ 14,637 $ 6,344 $ 8,682 $ 46,415 Updated FICO scores Greater than or equal to 780 $ 1,730 $ 3,264 $ 7,584 $ 11,723 $ 4,683 $ 4,858 $ 33,842 720 to 779 789 805 1,406 2,035 1,004 1,567 7,606 660 to 719 115 270 401 620 324 784 2,514 Less than 660 9 108 90 156 116 696 1,175 No FICO score available 1 132 8 86 151 280 658 Government insured or guaranteed loans 1 16 23 17 66 497 620 Total residential real estate loans $ 2,645 $ 4,595 $ 9,512 $ 14,637 $ 6,344 $ 8,682 $ 46,415 Gross charge-offs (a) $ 1 $ 2 $ 3 Home equity (b) Current estimated LTV ratios Greater than 100% $ 1 $ 12 $ 17 $ 368 $ 372 $ 770 Greater than or equal to 80% to 100% 5 31 30 1,098 1,619 2,783 Less than 80% 141 1,670 2,807 6,907 10,913 22,438 Total home equity loans $ 147 $ 1,713 $ 2,854 $ 8,373 $ 12,904 $ 25,991 Updated FICO scores Greater than or equal to 780 $ 94 $ 1,145 $ 1,753 $ 4,720 $ 6,211 $ 13,923 720 to 779 34 352 572 2,251 3,274 6,483 660 to 719 14 151 289 1,193 2,085 3,732 Less than 660 5 63 234 202 1,290 1,794 No FICO score available 2 6 7 44 59 Total home equity loans $ 147 $ 1,713 $ 2,854 $ 8,373 $ 12,904 $ 25,991 Gross charge-offs (a) $ 1 $ 16 $ 19 $ 36 (Continued from previous page) Term Loans by Origination Year December 31, 2023 In millions 2023 2022 2021 2020 2019 Prior Revolving Loans Revolving Loans Converted to Term Total Residential real estate Current estimated LTV ratios Greater than 100% $ 15 $ 139 $ 79 $ 31 $ 10 $ 28 $ 302 Greater than or equal to 80% to 100% 1,665 1,928 955 221 69 92 4,930 Less than 80% 3,585 7,977 14,421 6,514 2,154 6,935 41,586 No LTV available 56 13 4 73 Government insured or guaranteed loans 14 20 16 66 37 500 653 Total residential real estate loans $ 5,335 $ 10,064 $ 15,484 $ 6,832 $ 2,270 $ 7,559 $ 47,544 Updated FICO scores Greater than or equal to 780 $ 3,206 $ 7,797 $ 12,197 $ 5,035 $ 1,492 $ 4,004 $ 33,731 720 to 779 1,482 1,659 2,389 1,107 432 1,388 8,457 660 to 719 400 508 657 334 171 721 2,791 Less than 660 93 71 133 122 82 680 1,181 No FICO score available 140 9 92 168 56 266 731 Government insured or guaranteed loans 14 20 16 66 37 500 653 Total residential real estate loans $ 5,335 $ 10,064 $ 15,484 $ 6,832 $ 2,270 $ 7,559 $ 47,544 Gross charge-offs (a) $ 2 $ 1 $ 1 $ 4 $ 8 Home equity (b) Current estimated LTV ratios Greater than 100% $ 1 $ 12 $ 6 $ 14 $ 306 $ 309 $ 648 Greater than or equal to 80% to 100% 4 40 17 22 1,116 1,743 2,942 Less than 80% 157 1,866 845 2,556 6,843 10,293 22,560 Total home equity loans $ 162 $ 1,918 $ 868 $ 2,592 $ 8,265 $ 12,345 $ 26,150 Updated FICO scores Greater than or equal to 780 $ 102 $ 1,254 $ 489 $ 1,605 $ 4,604 $ 6,083 $ 14,137 720 to 779 38 423 216 488 2,222 3,225 6,612 660 to 719 17 174 110 271 1,207 1,894 3,673 Less than 660 5 65 52 220 223 1,089 1,654 No FICO score available 2 1 8 9 54 74 Total home equity loans $ 162 $ 1,918 $ 868 $ 2,592 $ 8,265 $ 12,345 $ 26,150 Gross charge-offs (a) $ 4 $ 7 $ 10 $ 21 (a) Gross charge-offs are presented on a year-to-date basis, as of the period end date. (b) Beginning January 1, 2022, new originations consist of only revolving Home Equity Lines of Credit. The following table presents credit quality indicators for our automobile, credit card, education and other consumer loan classes: Table 52: Credit Quality Indicators for Automobile, Credit Card, Education and Other Consumer Loan Classes Term Loans by Origination Year December 31, 2024 In millions 2024 2023 2022 2021 2020 Prior Revolving Loans Revolving Loans Converted to Term Total Automobile Updated FICO scores Greater than or equal to 780 $ 3,288 $ 1,717 $ 1,094 $ 865 $ 241 $ 125 $ 7,330 720 to 779 2,047 1,123 636 415 129 90 4,440 660 to 719 963 671 367 227 82 74 2,384 Less than 660 246 351 231 174 87 112 1,201 Total automobile loans $ 6,544 $ 3,862 $ 2,328 $ 1,681 $ 539 $ 401 $ 15,355 Gross charge-offs (a) $ 9 $ 44 $ 27 $ 17 $ 12 $ 22 $ 131 Credit card Updated FICO scores Greater than or equal to 780 $ 2,090 $ 2 $ 2,092 720 to 779 1,859 5 1,864 660 to 719 1,815 16 1,831 Less than 660 936 57 993 No FICO score available or required (b) 97 2 99 Total credit card loans $ 6,797 $ 82 $ 6,879 Gross charge-offs (a) $ 316 $ 39 $ 355 Education Updated FICO scores Greater than or equal to 780 $ 22 $ 58 $ 79 $ 39 $ 33 $ 318 $ 549 720 to 779 20 36 38 20 14 116 244 660 to 719 13 14 15 6 5 46 99 Less than 660 3 3 3 1 1 19 30 No FICO score available or required (b) 12 5 4 1 1 23 Total loans using FICO credit metric 70 116 139 67 53 500 945 Other internal credit metrics 691 691 Total education loans $ 70 $ 116 $ 139 $ 67 $ 53 $ 1,191 $ 1,636 Gross charge-offs (a) $ 1 $ 1 $ 1 $ 16 $ 19 Other consumer Updated FICO scores Greater than or equal to 780 $ 245 $ 129 $ 64 $ 20 $ 5 $ 6 $ 37 $ 1 $ 507 720 to 779 292 141 70 21 6 6 72 1 609 660 to 719 203 97 72 22 8 6 79 1 488 Less than 660 20 33 34 15 6 5 40 1 154 Total loans using FICO credit metric 760 400 240 78 25 23 228 4 1,758 Other internal credit metrics 6 9 77 12 11 90 2,056 8 2,269 Total other consumer loans $ 766 $ 409 $ 317 $ 90 $ 36 $ 113 $ 2,284 $ 12 $ 4,027 Gross charge-offs (a) $ 76 (c) $ 27 $ 26 $ 13 $ 8 $ 9 $ 11 $ 1 $ 171 (Continued from previous page) Term Loans by Origination Year December 31, 2023 In millions 2023 2022 2021 2020 2019 Prior Revolving Loans Revolving Loans Converted to Term Total Automobile Updated FICO scores Greater than or equal to 780 $ 2,722 $ 1,650 $ 1,483 $ 535 $ 368 $ 88 $ 6,846 720 to 779 1,797 1,104 778 301 250 80 4,310 660 to 719 1,014 604 408 186 186 70 2,468 Less than 660 264 272 243 152 200 105 1,236 Total automobile loans $ 5,797 $ 3,630 $ 2,912 $ 1,174 $ 1,004 $ 343 $ 14,860 Gross charge-offs (a) $ 8 $ 24 $ 22 $ 17 $ 30 $ 20 $ 121 Credit card Updated FICO scores Greater than or equal to 780 $ 2,017 $ 1 $ 2,018 720 to 779 1,976 4 1,980 660 to 719 1,979 13 1,992 Less than 660 1,036 48 1,084 No FICO score available or required (b) 103 3 106 Total credit card loans $ 7,111 $ 69 $ 7,180 Gross charge-offs (a) $ 290 $ 29 $ 319 Education Updated FICO scores Greater than or equal to 780 $ 35 $ 88 $ 45 $ 40 $ 51 $ 331 $ 590 720 to 779 32 47 24 19 24 131 277 660 to 719 20 17 8 6 8 54 113 Less than 660 4 3 2 1 2 21 33 No FICO score available or required (b) 15 5 4 2 1 27 Total loans using FICO credit metric 106 160 83 68 85 538 1,040 Other internal credit metrics 905 905 Total education loans $ 106 $ 160 $ 83 $ 68 $ 85 $ 1,443 $ 1,945 Gross charge-offs (a) $ 1 $ 1 $ 2 $ 13 $ 17 Other consumer Updated FICO scores Greater than or equal to 780 $ 241 $ 127 $ 47 $ 21 $ 14 $ 11 $ 39 $ 1 $ 501 720 to 779 286 157 54 26 17 11 80 1 632 660 to 719 147 140 57 27 21 11 87 2 492 Less than 660 19 52 31 17 14 8 43 1 185 Total loans using FICO credit metric 693 476 189 91 66 41 249 5 1,810 Other internal credit metrics 19 97 33 48 71 34 2,149 10 2,461 Total other consumer loans $ 712 $ 573 $ 222 $ 139 $ 137 $ 75 $ 2,398 $ 15 $ 4,271 Gross charge-offs (a) $ 75 (c) $ 23 $ 18 $ 14 $ 14 $ 8 $ 11 $ 1 $ 164 (a) Gross charge-offs are presented on a year-to-date basis, as of the period end date. (b) Loans where FICO scores are not available or required generally refers to new accounts issued to borrowers with limited credit history, accounts for which we cannot obtain an updated FICO score ( e.g. , recent profile changes), cards issued with a business name and/or cards secured by collateral. Management proactively assesses the risk and size of this loan category and, when necessary, takes actions to mitigate the credit risk. (c)
Financing Receivable, Modified	The following table presents the amortized cost basis, as of the period end date, of FDMs granted during the twelve months ended December 31, 2024: Table 53: Loan Modifications Granted to Borrowers Experiencing Financial Difficulty (a) (b) Year ended December 31, 2024 Dollars in millions Interest Rate Reduction Term Extension Payment Delay Repayment Plan Interest Rate Reduction and Payment Delay Interest Rate Reduction and Term Extension Payment Delay and Term Extension Other (c) Total % of Loan Class Commercial Commercial and industrial $ 14 $ 995 $ 34 $ 15 $ 111 $ 154 $ 106 $ 1,429 0.81 % Commercial real estate 964 94 232 1,290 3.84 % Equipment lease financing 2 2 0.03 % Total commercial 14 1,961 128 15 111 386 106 2,721 1.26 % Consumer Residential real estate 1 84 6 7 98 0.21 % Home equity 13 $ 7 18 38 0.15 % Credit card 62 62 0.90 % Education 5 5 0.31 % Other consumer 1 1 0.02 % Total consumer 6 97 70 6 25 204 0.20 % Total $ 14 $ 1,967 $ 225 $ 70 $ 15 $ 117 $ 386 $ 131 $ 2,925 0.92 % Year ended December 31, 2023 Dollars in millions Interest Rate Reduction Term Extension Payment Delay Repayment Plan Interest Rate Reduction and Payment Delay Interest Rate Reduction and Term Extension Payment Delay and Term Extension Other (c) Total % of Loan Class Commercial Commercial and industrial $ 13 $ 683 $ 65 $ 14 $ 18 $ 156 $ 150 $ 1,099 0.62 % Commercial real estate 47 816 17 87 967 2.73 % Total commercial 60 1,499 65 14 18 173 237 2,066 0.94 % Consumer Residential real estate 2 1 95 5 6 109 0.23 % Home equity 1 10 $ 8 12 31 0.12 % Credit card 58 58 0.81 % Education 5 5 0.26 % Other consumer 1 1 0.02 % Total consumer 2 7 105 67 5 18 204 0.20 % Total $ 62 $ 1,506 $ 170 $ 67 $ 14 $ 23 $ 173 $ 255 $ 2,270 0.71 % (a) The unfunded lending related commitments on FDMs granted were $0.9 billion and $0.4 billion during the year ended December 31, 2024 and 2023, respectively. (b) Excludes the amortized cost basis of modified loans that were paid off, charged-off or otherwise liquidated as of the period end date. (c) Represents all other modifications, and includes trial modifications and loans where we have received notification that a borrower has filed for Chapter 7 bankruptcy relief, but specific instructions as to the terms of the relief have not been formally ruled upon by the court. Table 54 presents the weighted average financial effect of FDMs granted during the twelve months ended December 31, 2024 and 2023: Table 54: Financial Effect of FDMs (a) Year ended December 31, 2024 Dollars in millions Amortized cost basis (b) Weighted Average Financial Effect Term Extension Commercial and industrial $1,260 Extended contractual term by 16 months. Commercial real estate $1,196 Extended contractual term by 17 months. Equipment lease financing $2 Extended contractual term by 43 months. Residential real estate $7 Extended contractual term by 94 months. Education $5 Extended contractual term by 13 months. Interest Rate Reduction Commercial and industrial $140 Reduced contractual interest rate by 1.42%. Residential real estate $6 Reduced contractual interest rate by 2.00%. Payment Delay Commercial and industrial $203 Provided 8 months of payment deferral. Commercial real estate $326 Provided 8 months of payment deferral. Residential real estate $84 Provided 9 months of payment deferral. Home equity $13 Provided 4 months of payment deferral. Year ended December 31, 2023 Dollars in millions Amortized cost basis (b) Weighted Average Financial Effect Term Extension Commercial and industrial $857 Extended contractual term by 12 months. Commercial real estate $833 Extended contractual term by 14 months. Residential real estate $6 Extended contractual term by 80 months. Home equity $1 Extended contractual term by 232 months. Education $5 Extended contractual term by 20 months. Interest Rate Reduction Commercial and industrial $45 Reduced contractual interest rate by 2.70%. Commercial real estate $47 Reduced contractual interest rate by 4.54%. Residential real estate $7 Reduced contractual interest rate by 1.34%. Payment Delay Commercial and industrial $235 Provided 3 months of payment deferral. Commercial real estate $17 Provided 5 months of payment deferral. Residential real estate $95 Provided 9 months of payment deferral. Home equity $10 Provided 4 months of payment deferral. (a) Excludes the financial effects of modifications for loans that were paid off, charged-off or otherwise liquidated as of the period end date. (b) The amortized cost basis presented in Table 54 includes combination modification categories in addition to the standalone modification categories presented in Table 53. Primarily due to this reason, the amortized cost basis presented in Table 54 may not agree to the amortized cost basis presented alongside the standalone modification categories in Table 53. Amortized cost basis is as of the period end date. After we modify a loan, we continue to track its performance under its most recent modified terms. The following table presents the performance, as of period end date, of FDMs granted during the year ended December 31, 2024 and 2023: Table 55: Delinquency Status of FDMs (a) (b) Year ended December 31, 2024 Current or Less Than 30 Days Past Due 30-59 Days Past Due 60-89 Days Past Due 90 Days Nonperforming Total Commercial Commercial and industrial $ 1,191 $ 9 $ 4 $ 225 $ 1,429 Commercial real estate 864 426 1,290 Equipment lease financing 2 2 Total commercial 2,057 9 4 651 2,721 Consumer Residential real estate 5 1 92 98 Home equity 4 34 38 Credit card 45 5 4 $ 7 1 62 Education 5 5 Other consumer 1 1 Total consumer 59 6 4 7 128 204 Total $ 2,116 $ 15 $ 8 $ 7 $ 779 $ 2,925 Year ended December 31, 2023 Dollars in millions Current or Less Than 30 Days Past Due 30-59 Days Past Due 60-89 Days Past Due 90 Days Nonperforming Total Commercial Commercial and industrial $ 828 $ 14 $ 257 $ 1,099 Commercial real estate 863 104 967 Total commercial 1,691 14 361 2,066 Consumer Residential real estate 15 1 93 109 Home equity 4 27 31 Credit card 41 5 $ 4 $ 7 1 58 Education 5 5 Other consumer 1 1 Total consumer 65 6 4 7 122 204 Total $ 1,756 $ 20 $ 4 $ 7 $ 483 $ 2,270 (a) Represents amortized cost basis. (b) Loans in our Payment Delay category are reported as past due in accordance with their contractual terms. Once contractually modified, these loans are reported as past due in accordance with their restructured terms.
Financing Receivable, Modified, Subsequent Default	Table 56: Subsequently Defaulted FDMs (a) Year ended December 31, 2024 Dollars in millions Interest Rate Reduction Term Extension Payment Delay Repayment Plan Payment Delay and Term Extension All Other Modifications (b) Total Commercial Commercial and industrial $ 87 $ 17 $ 3 $ 107 Commercial real estate 46 33 37 116 Total commercial 133 50 40 223 Consumer Residential real estate 43 $ 8 51 Home equity 3 $ 1 13 17 Credit card 32 32 Total consumer 46 33 21 100 Total $ 133 $ 96 $ 33 $ 40 $ 21 $ 323 Year ended December 31, 2023 Dollars in millions Interest Rate Reduction Term Extension Payment Delay Repayment Plan All Other Modifications (b) Total Commercial Commercial and industrial $ 38 $ 166 $ 7 $ 211 Commercial real estate $ 46 15 61 Total commercial 46 53 166 7 272 Consumer Residential real estate 1 28 2 31 Home equity 2 10 12 Credit card $ 16 16 Total consumer 1 30 16 12 59 Total $ 47 $ 53 $ 196 $ 16 $ 19 $ 331 (a) Represents amortized cost basis. (b) As of December 31, 2024, the following modification categories are included: interest rate reduction, combination of interest rate reduction/payment delay, combination of interest rate reduction/term extension and other. As of December 31, 2023, the following modification categories are included: principal forgiveness, combinations of interest rate reduction/payment delay and interest rate reduction/term extension and other. There were no applicable values for the combination of payment delay/term extension.
Financial Impact and TDRs by Concession Type	Table 57: Financial Impact and TDRs by Concession Type (a) Number Pre-TDR Amortized Cost Basis (b) Post-TDR Amortized Cost Basis (c) During the year ended December 31, 2022 Principal Rate Other Total Commercial 57 $ 363 $ 9 $ 58 $ 202 $ 269 Consumer 10,809 162 123 22 145 Total TDRs 10,866 $ 525 $ 9 $ 181 $ 224 $ 414 (a) Impact of partial charge-offs at TDR date are included in this table. (b) Represents the amortized cost basis of the loans as of the quarter end prior to TDR designation. (c) Represents the amortized cost basis of the TDRs as of the end of the quarter in which the TDR occurs.
Rollforward of Allowance for Credit Losses	A rollforward of the ACL related to loans follows: Table 58: Rollforward of Allowance for Credit Losses At or for the year ended December 31 2024 2023 2022 In millions Commercial Consumer Total Commercial Consumer Total Commercial Consumer Total Allowance for loan and lease losses Beginning balance $ 3,259 $ 1,532 $ 4,791 $ 3,114 $ 1,627 $ 4,741 $ 3,185 $ 1,683 $ 4,868 Adoption of ASU 2022-02 (a) (35) (35) Beginning balance, adjusted 3,259 1,532 4,791 3,114 1,592 4,706 3,185 1,683 4,868 Charge-offs (720) (715) (1,435) (442) (650) (1,092) (307) (678) (985) Recoveries 149 245 394 137 245 382 114 308 422 Net (charge-offs) (571) (470) (1,041) (305) (405) (710) (193) (370) (563) Provision for credit losses 464 277 741 447 345 792 126 313 439 Other (4) (1) (5) 3 3 (4) 1 (3) Ending balance $ 3,148 $ 1,338 $ 4,486 $ 3,259 $ 1,532 $ 4,791 $ 3,114 $ 1,627 $ 4,741 Allowance for unfunded lending related commitments (b) Beginning balance $ 545 $ 118 $ 663 $ 613 $ 81 $ 694 $ 564 $ 98 $ 662 Provision for (recapture of) credit losses 36 20 56 (68) 37 (31) 49 (17) 32 Other (1) 1 Ending balance $ 580 $ 139 $ 719 $ 545 $ 118 $ 663 $ 613 $ 81 $ 694 Allowance for credit losses at December 31 (c) $ 3,728 $ 1,477 $ 5,205 $ 3,804 $ 1,650 $ 5,454 $ 3,727 $ 1,708 $ 5,435 (a) Represents the impact of adopting ASU 2022-02 Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures on January 1, 2023. As a result of adoption, we eliminated the accounting guidance for TDRs, including the use of a discounted cash flow approach to measure the allowance for TDRs. (b) See Note 10 Commitments for additional information about the underlying commitments related to this allowance. (c) Represents the ALLL plus allowance for unfunded lending related commitments and excludes allowances for investment securities and other financial assets, which together totaled $114 million, $120 million and $176 million at December 31, 2024, 2023 and 2022 respectively.

Loan Sale and Servicing Activ_2

Loan Sale and Servicing Activities and Variable Interest Entities (Tables)	12 Months Ended
	Dec. 31, 2024
Loan Sale and Servicing Activities and Variable Interest Entities [Abstract]
Cash Flows Associated with Loan Sale and Servicing Activities	The following table provides our loan sale and servicing activities: Table 59: Loan Sale and Servicing Activities In millions Residential Mortgages Commercial Mortgages (a) Cash Flows - Year ended December 31, 2024 Sales of loans and related securitization activity (b) $ 3,060 $ 3,918 Repurchases of previously transferred loans (c) $ 103 $ 9 Servicing fees (d) $ 551 $ 204 Servicing advances recovered/(funded), net $ 19 $ (92) Cash flows on mortgage-backed securities held (e) $ 2,499 $ 67 Cash Flows - Year ended December 31, 2023 Sales of loans and related securitization activity (b) $ 2,648 $ 3,650 Repurchases of previously transferred loans (c) $ 87 Servicing fees (d) $ 529 $ 198 Servicing advances recovered/(funded), net $ (7) $ (140) Cash flows on mortgage-backed securities held (e) $ 2,624 $ 75 (a) Represents both commercial mortgage loan transfer and servicing activities. (b) Gains/losses recognized on sales of loans were insignificant for the periods presented. (c) Includes both residential and commercial mortgage government insured or guaranteed loans eligible for repurchase through the exercise of our ROAP option, as well as residential mortgage loans repurchased due to alleged breaches of origination covenants or representations and warranties made to purchasers. (d) Includes contractually specified servicing fees, late charges and ancillary fees. (e)
Principal Balance, Delinquent Loans and Net Charge-Offs Related to Serviced Loans for Others	Table 60: Principal Balance, Delinquent Loans and Net Charge-offs Related to Serviced Loans For Others In millions Residential Mortgages Commercial Mortgages (a) December 31, 2024 Total principal balance $ 37,619 $ 51,274 Delinquent loans (b) $ 288 $ 124 December 31, 2023 Total principal balance $ 39,016 $ 57,492 Delinquent loans (b) $ 329 $ 89 Year ended December 31, 2024 Net charge-offs (c) $ 4 $ 122 Year ended December 31, 2023 Net charge-offs (c) $ 4 $ 26 (a) Represents information at the securitization level in which we have sold loans and we are the servicer for the securitization. (b) Serviced delinquent loans are 90 days or more past due or are in process of foreclosure. (c) Net charge-offs for Residential mortgages represent credit losses less recoveries distributed and as reported to investors during the period. Net charge-offs for Commercial mortgages represent credit losses less recoveries distributed and as reported by the trustee for commercial mortgage-backed securitizations. Realized losses for Agency securitizations are not reflected as we do not manage the underlying real estate upon foreclosure and, as such, do not have access to loss information.
Non-Consolidated VIEs	Table 61: Non-Consolidated VIEs In millions PNC Risk of Loss (a) Carrying Value of Assets Carrying Value of Liabilities December 31, 2024 Mortgage-backed securitizations (b) $ 19,187 $ 19,191 (c) Tax credit investments and other 5,513 5,491 (d) (e) $ 2,627 (f) (g) Total $ 24,700 $ 24,682 $ 2,627 December 31, 2023 Mortgage-backed securitizations (b) $ 21,451 $ 21,453 (c) Tax credit investments and other 4,709 4,631 (d) (e) $ 2,119 (f) (g) Total $ 26,160 $ 26,084 $ 2,119 (a) Represents loans, investments and other assets related to non-consolidated VIEs, net of collateral (if applicable). The risk of loss excludes any potential tax recapture associated with tax credit investments. (b) Amounts reflect involvement with securitization SPEs where we transferred to, and/or service loans for, an SPE and we hold securities issued by that SPE. Values disclosed in the PNC Risk of Loss column represent our maximum exposure to loss for those securities’ holdings. (c) Included in Investment securities, Mortgage servicing rights and Other assets on our Consolidated Balance Sheet. (d) Included in Investment securities, Loans, Equity investments and Other assets on our Consolidated Balance Sheet. (e) Amount includes $3.9 billion of LIHTCs and $0.2 billion of NMTCs at December 31, 2024, which are included in Equity investments (f) Included in Deposits and Other liabilities on our Consolidated Balance Sheet. (g)

Goodwill and Mortgage Servici_2

Goodwill and Mortgage Servicing Rights (Tables)	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill by Business Segment	Allocations of goodwill by business segment at December 31, 2024, 2023 and 2022 follow: Table 62: Goodwill by Business Segment In millions Retail Banking Corporate & Institutional Banking Asset Management Group Total Balance as of December 31, 2024 $ 6,473 $ 4,270 $ 189 $ 10,932 Balance as of December 31, 2023 $ 6,473 $ 4,270 $ 189 $ 10,932 Other (55) (55) Balance as of December 31, 2022 $ 6,473 $ 4,325 $ 189 $ 10,987
Commercial Mortgage Servicing Rights	Changes in the commercial MSRs follow: Table 63: Commercial Mortgage Servicing Rights In millions 2024 2023 2022 January 1 $ 1,032 $ 1,113 $ 740 Additions: From loans sold with servicing retained 44 50 62 Purchases 64 44 46 Changes in fair value due to: Time and payoffs (a) (317) (332) (208) Other (b) 262 157 473 December 31 $ 1,085 $ 1,032 $ 1,113 Related unpaid principal balance at December 31 $ 290,384 $ 288,042 $ 281,277 Servicing advances at December 31 $ 653 $ 561 $ 421 (a) Represents decrease in MSR value due to passage of time, which includes the impact from regularly scheduled loan principal payments, prepayments and loans that were paid off during the period. (b) Includes MSR value changes resulting from changes in interest rates and other market-driven conditions.
Residential Mortgage Servicing Rights	Changes in the residential MSRs follow: Table 64: Residential Mortgage Servicing Rights In millions 2024 2023 2022 January 1 $ 2,654 $ 2,310 $ 1,078 Additions: From loans sold with servicing retained 28 23 57 Purchases 43 444 897 Changes in fair value due to: Time and payoffs (a) (254) (237) (231) Other (b) 155 115 509 Sale (1) December 31 $ 2,626 $ 2,654 $ 2,310 Unpaid principal balance of loans serviced for others at December 31 $ 196,915 $ 209,158 $ 189,831 Servicing advances at December 31 $ 153 $ 172 $ 165 (a) Represents decrease in MSR value due to passage of time, which includes the impact from regularly scheduled loan principal payments, prepayments and loans that were paid off during the period. (b) Includes MSR value changes resulting from changes in interest rates and other market-driven conditions.
Commercial Mortgage Loan Servicing Assets - Key Valuation Assumptions	The following tables set forth the fair value of commercial and residential MSRs and the sensitivity analysis of the hypothetical effect on the fair value of MSRs to immediate adverse changes of 10% and 20% in those assumptions: Table 65: Commercial Mortgage Servicing Rights – Key Valuation Assumptions Dollars in millions December 31, 2024 December 31, 2023 Fair value $ 1,085 $ 1,032 Weighted-average life (years) 3.8 3.9 Weighted-average constant prepayment rate 4.45 % 5.51 % Decline in fair value from 10% adverse change $ 8 $ 9 Decline in fair value from 20% adverse change $ 16 $ 17 Effective discount rate 11.18 % 9.64 % Decline in fair value from 10% adverse change $ 35 $ 31 Decline in fair value from 20% adverse change $ 69 $ 61
Residential Mortgage Loan Servicing Assets - Key Valuation Assumptions	Table 66: Residential Mortgage Servicing Rights – Key Valuation Assumptions Dollars in millions December 31, 2024 December 31, 2023 Fair value $ 2,626 $ 2,654 Weighted-average life (years) 8.0 8.1 Weighted-average constant prepayment rate 6.39 % 6.42 % Decline in fair value from 10% adverse change $ 57 $ 60 Decline in fair value from 20% adverse change $ 111 $ 117 Weighted-average option adjusted spread 755 bps 765 bps Decline in fair value from 10% adverse change $ 81 $ 83 Decline in fair value from 20% adverse change $ 157 $ 161

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Lease Income	The following table provides details on our income from lessor arrangements: Table 67: Lessor Income Year ended December 31 In millions 2024 2023 2022 Sales-type and direct financing leases (a) $ 355 $ 300 $ 243 Operating leases (b) 26 46 63 Lease income $ 381 $ 346 $ 306 (a) Included in Loans interest income on the Consolidated Income Statement. (b) Included in Lending and deposit services
Sales-Type and Direct Financing Leases	The following table provides the components of our equipment lease financing assets: Table 68: Sales-Type and Direct Financing Leases In millions December 31, 2024 December 31, 2023 Lease receivables $ 6,229 $ 5,986 Unguaranteed residual asset values (a) 1,395 1,440 Unearned income (869) (884) Equipment lease financing $ 6,755 $ 6,542 (a) In certain cases, PNC obtains third-party residual value insurance to reduce its residual risk. The carrying value of residual assets with third-party residual value insurance for at least a portion of the asset value was $0.6 billion at both December 31, 2024 and 2023.
Future Minimum Lessor Receivable Arrangements	The future minimum lessor receivable arrangements at December 31, 2024 were as follows: Table 69: Future Minimum Lessor Receivable Arrangements In millions Operating Leases Sales-type and Direct Financing Leases 2025 $ 30 $ 1,568 2026 30 1,318 2027 25 1,268 2028 15 798 2029 12 524 2030 and thereafter 10 753 Total future minimum lease receivable arrangements $ 122 $ 6,229
Future Minimum Lease Payments of Lessor Arrangements	The future minimum lessor receivable arrangements at December 31, 2024 were as follows: Table 69: Future Minimum Lessor Receivable Arrangements In millions Operating Leases Sales-type and Direct Financing Leases 2025 $ 30 $ 1,568 2026 30 1,318 2027 25 1,268 2028 15 798 2029 12 524 2030 and thereafter 10 753 Total future minimum lease receivable arrangements $ 122 $ 6,229
Operating Lease Costs and Cash Flows	Tables 70 and 71 provide details on our operating leases: Table 70: Operating Lease Costs and Cash Flows Year ended December 31 In millions 2024 2023 2022 Operating lease cost (a) $ 373 $ 386 $ 395 Operating cash flows $ 413 $ 440 $ 434 (a) Included in Occupancy, Equipment and Marketing expense on the Consolidated Income Statement.
Operating Lease Assets and Liabilities	Table 71: Operating Lease Assets and Liabilities In millions December 31, 2024 December 31, 2023 Operating lease assets (a) $ 1,619 $ 1,745 Operating lease liabilities (b) $ 1,870 $ 1,998 (a) Included in Other assets on the Consolidated Balance Sheet. (b) Included in Accrued expenses and other liabilities on the Consolidated Balance Sheet.
Operating Lease Term and Discount Rates of Lessee Arrangements	Operating lease term and discount rates of our lessee arrangements at December 31, 2024 and 2023 were as follows: Table 72: Operating Lease Term and Discount Rates of Lessee Arrangements December 31, 2024 December 31, 2023 Weighted-average remaining lease term (years) 7 7 Weighted-average discount rate 2.76 % 2.49 %
Future Lease Payments for Operating Lease Liability Arrangements	The future lease payments based on maturity for our lessee liability arrangements at December 31, 2024 are as follows: Table 73: Future Lease Payments for Operating Lease Liability Arrangements In millions December 31, 2024 2025 $ 401 2026 367 2027 324 2028 270 2029 204 2030 and thereafter 492 Total future lease payments $ 2,058 Less: Interest 188 Present value of operating lease liability arrangements $ 1,870

Premises, Equipment and Lease_2

Premises, Equipment and Leasehold Improvements (Tables)	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
Premises, Equipment and Leasehold Improvements	Premises, equipment and leasehold improvements, stated at cost less accumulated depreciation and amortization, were as follows: Table 74: Premises, Equipment and Leasehold Improvements In millions December 31, 2024 December 31, 2023 Premises, equipment and leasehold improvements $ 19,403 $ 18,358 Accumulated depreciation and amortization (10,731) (9,841) Net book value $ 8,672 $ 8,517
Depreciation and Amortization Expense	Depreciation expense on premises, equipment and leasehold improvements, as well as amortization expense, excluding intangible assets, primarily for capitalized internally developed software are shown in the following table: Table 75: Depreciation and Amortization Expense (a) Year ended December 31 In millions 2024 2023 2022 Depreciation $ 912 $ 900 $ 899 Amortization 139 138 130 Total depreciation and amortization $ 1,051 $ 1,038 $ 1,029 (a) Included in Occupancy and Equipment expense on the Consolidated Income Statement.

Time Deposits (Tables)

Time Deposits (Tables)	12 Months Ended
	Dec. 31, 2024
Deposits [Abstract]
Schedule of Time Deposit Maturities	Table 76 shows the total amount of time deposits at December 31, 2024 by future contractual maturity range: Table 76: Time Deposits In billions 2025 $ 33.8 2026 0.2 2027 0.1 2028 0.1 2029 (a) 2030 and thereafter 0.1 Total $ 34.3 (a)

Borrowed Funds (Tables)

Borrowed Funds (Tables)	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Total Borrowed Funds	The following table shows the carrying value of total borrowed funds at December 31, 2024 (including adjustments related to accounting hedges, purchase accounting and unamortized original issuance discounts) by remaining contractual maturity: Table 77: Borrowed Funds In millions 2025 $ 18,131 2026 9,758 2027 7,964 2028 5,054 2029 4,539 2030 and thereafter 16,227 Total $ 61,673
Contractual Rates and Maturity Dates of Borrowings	The following table presents the contractual rates and maturity dates of our FHLB advances, senior debt and subordinated debt as of December 31, 2024 and the carrying values as of December 31, 2024 and 2023. Table 78: FHLB Advances, Senior Debt and Subordinated Debt Stated Rate Maturity Carrying Value Dollars in millions 2024 2024 2024 2023 Parent Company Senior debt 1.15% - 6.88% 2026 - 2035 $ 27,369 $ 22,221 Subordinated debt 4.63% 2033 777 1,544 Junior subordinated debt 5.33% 2028 206 206 Total Parent Company 28,352 23,971 Bank Federal Home Loan Bank advances (a) 4.63% - 4.96% 2025 - 2028 22,000 38,000 Senior debt 2.95% - 4.87% 2025 - 2043 5,128 4,615 Subordinated debt 2.70% - 5.90% 2025 - 2029 3,121 3,125 Total Bank 30,249 45,740 Total $ 58,601 $ 69,711 (a) FHLB advances are generally collateralized by residential mortgage loans, other mortgage-related loans and investment securities.

Commitments (Tables)

Commitments (Tables)	12 Months Ended
	Dec. 31, 2024
Commitments and Guarantees [Abstract]
Commitments to Extend Credit and Other Commitments	The following table presents our outstanding commitments to extend credit along with other commitments as of December 31, 2024 and 2023. Table 79: Commitments to Extend Credit and Other Commitments In millions December 31, 2024 December 31, 2023 Commitments to extend credit Commercial $ 209,864 $ 203,080 Home equity 24,086 23,970 Credit card 36,447 33,978 Other 7,388 7,363 Total commitments to extend credit 277,785 268,391 Net outstanding standby letters of credit (a) 11,251 10,913 Standby bond purchase agreements (b) 1,095 1,078 Other commitments (c) 4,969 4,386 Total commitments to extend credit and other commitments $ 295,100 $ 284,768 (a) Net outstanding standby letters of credit that support remarketing programs were $3.7 billion and $3.9 billion at December 31, 2024 and 2023, respectively. (b) We enter into standby bond purchase agreements to support municipal bond obligations. (c) Includes $2.2 billion and $2.1 billion related to investments in qualified affordable housing projects at December 31, 2024 and 2023, respectively.

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
Preferred Stock - Authorized, Issued and Outstanding	The following table provides the number of preferred shares issued and outstanding, the liquidation value per share and the number of authorized preferred shares: Table 80: Preferred Stock - Authorized, Issued and Outstanding Preferred Shares December 31 Liquidation 2024 2023 Authorized $1 par value 20,000 20,000 Issued and outstanding Series B $ 40 1 1 Series R (a) $ 100,000 5 Series S $ 100,000 5 5 Series T $ 100,000 15 15 Series U $ 100,000 10 10 Series V $ 100,000 12 12 Series W $ 100,000 15 15 Total issued and outstanding 58 63 (a)
Terms of Outstanding Preferred Stock	The following table discloses information related to the preferred stock outstanding as of December 31, 2024: Table 81: Terms of Outstanding Preferred Stock Preferred Stock Issue Number of Fractional Interest in a Share of Preferred Stock Represented by Each Depositary Share Dividend Dates (a) Annual Per Share Dividend Rate Optional Series B (c) (c) N/A N/A Quarterly $ 1.80 None Series S (d) November 1, 2016 525,000 1/100 th Semi-annually 5.00% until November 1, 2026 3 Mo. CME Term SOFR plus 0.26161% plus 3.30% beginning November 1, 2026 November 1, 2026 Series T (d) September 13, 2021 1.5 million 1/100 th Quarterly 3.40% until September 15, 2026 5 Yr. U.S. Treasury plus 2.595% per annum beginning September 15, 2026 September 15, 2026 Series U (d) April 26, 2022 1 million 1/100 th Quarterly 6.00% until May 15, 2027 5 Yr. U.S. Treasury plus 3.00% per annum beginning May 15, 2027 May 15, 2027 Series V (d) August 19, 2022 1.25 million 1/100 th Quarterly 6.20% until September 15, 2027 5 Yr. U.S. Treasury plus 3.238% per annum beginning September 15, 2027 September 15, 2027 Series W (d) February 7, 2023 1.5 million 1/100 th Quarterly 6.25% until March 15, 2030 7 Yr. U.S. Treasury plus 2.808% per annum beginning March 15, 2030 March 15, 2030 (a) Dividends are payable when, as, and if declared by our Board of Directors or an authorized committee of our Board of Directors. (b) Redeemable at our option on or after the date stated. With the exception of the Series B preferred stock, also redeemable at our option within 90 days of a regulatory capital treatment event as defined in the designations. (c) Cumulative preferred stock. Holders of Series B preferred stock are entitled to 8 votes per share, which is equal to the number of full shares of common stock into which the Series B preferred stock is convertible. The Series B preferred stock was issued in connection with the consolidation of Pittsburgh National Corporation and Provident National Corporation in 1983. (d) Non-Cumulative preferred stock.
Dividends Per Share	The following table provides the dividends per share for PNC’s common and preferred stock: Table 82: Dividends Per Share December 31 2024 2023 2022 Common Stock $ 6.30 $ 6.10 $ 5.75 Preferred Stock Series B $ 1.80 $ 1.80 $ 1.80 Series O $ 8,848 $ 4,881 Series P $ 6,181 Series R $ 8,715 $ 6,808 $ 4,850 Series S $ 5,000 $ 5,000 $ 5,000 Series T $ 3,400 $ 3,400 $ 3,400 Series U $ 6,000 $ 6,000 $ 3,317 Series V $ 6,200 $ 6,200 $ 1,998 Series W $ 6,250 $ 5,347

Other Comprehensive Income (Tab

Other Comprehensive Income (Tables)	12 Months Ended
	Dec. 31, 2024
Other Comprehensive Income [Abstract]
Other Comprehensive Income	Details of other comprehensive income (loss) are as follows: Table 83: Other Comprehensive Income (Loss) Year ended December 31 2024 2023 2022 In millions Pre-tax Tax effect After-tax Pre-tax Tax effect After-tax Pre-tax Tax effect After-tax Debt securities Net unrealized gains (losses) on securities $ (363) $ 89 $ (274) $ 840 $ (202) $ 638 $ (10,866) $ 2,561 $ (8,305) Less: Net realized gains (losses) reclassified to earnings (a) (1,328) 323 (1,005) (913) 217 (696) (723) 171 (552) Net change 965 (234) 731 1,753 (419) 1,334 (10,143) 2,390 (7,753) Cash flow hedge derivatives Net unrealized gains (losses) on cash flow hedge derivatives (790) 192 (598) (237) 65 (172) (3,536) 833 (2,703) Less: Net realized gains (losses) reclassified to earnings (a) (1,317) 320 (997) (1,540) 376 (1,164) (260) 61 (199) Net change 527 (128) 399 1,303 (311) 992 (3,276) 772 (2,504) Pension and other postretirement benefit plan Net pension and other postretirement benefit plan activity and other reclassified to earnings (b) 21 (5) 16 166 (40) 126 (363) 85 (278) Net change 21 (5) 16 166 (40) 126 (363) 85 (278) Other Net unrealized gains (losses) on other transactions 1 1 5 3 8 (5) (41) (46) Net change 1 1 5 3 8 (5) (41) (46) Total other comprehensive income (loss) $ 1,514 $ (367) $ 1,147 $ 3,227 $ (767) $ 2,460 $ (13,787) $ 3,206 $ (10,581) (a) Reclassifications for pre-tax debt securities and cash flow hedges are recorded in Interest income and Noninterest income on the Consolidated Income Statement. (b) Reclassifications include amortization of actuarial losses (gains) and amortization of prior period services costs (credits) which are recorded in Noninterest expense on the Consolidated Income Statement.
Accumulated Other Comprehensive Income (Loss) Components	Table 84: Accumulated Other Comprehensive Income (Loss) Components In millions, after-tax Debt securities Cash flow hedge derivatives Pension and other postretirement benefit plan adjustments Other Accumulated other comprehensive income Balance at December 31, 2021 $ 589 $ (201) $ 27 $ (6) $ 409 Net activity (7,753) (2,504) (278) (46) (10,581) Balance at December 31, 2022 $ (7,164) $ (2,705) $ (251) $ (52) $ (10,172) Net activity 1,334 992 126 8 2,460 Balance at December 31, 2023 (a) $ (5,830) $ (1,713) $ (125) $ (44) $ (7,712) Net activity 731 399 16 1 1,147 Balance at December 31, 2024 (a) $ (5,099) $ (1,314) $ (109) $ (43) $ (6,565) (a) AOCI included pretax losses of $275 million and $293 million from derivatives that hedged the purchase of investment securities classified as held-to-maturity at December 31, 2024 and December 31, 2023, respectively.

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Basic and Diluted Earnings per Common Share	Table 85: Basic and Diluted Earnings Per Common Share In millions, except per share data 2024 2023 2022 Basic Net income $ 5,953 $ 5,647 $ 6,113 Less: Net income attributable to noncontrolling interests 64 69 72 Preferred stock dividends 352 417 301 Preferred stock discount accretion and redemptions 8 8 5 Net income attributable to common shareholders 5,529 5,153 5,735 Less: Dividends and undistributed earnings allocated to nonvested restricted shares 33 27 27 Net income attributable to basic common shareholders $ 5,496 $ 5,126 $ 5,708 Basic weighted-average common shares outstanding 399 401 412 Basic earnings per common share (a) $ 13.76 $ 12.80 $ 13.86 Diluted Net income attributable to diluted common shareholders $ 5,496 $ 5,126 $ 5,708 Basic weighted-average common shares outstanding 399 401 412 Diluted potential common shares 1 Diluted weighted-average common shares outstanding 400 401 412 Diluted earnings per common share (a) $ 13.74 $ 12.79 $ 13.85 (a) Basic and diluted earnings per share under the two-class method are determined on net income reported on the income statement less earnings allocated to nonvested restricted shares and restricted share units with nonforfeitable dividends and dividend rights (participating securities).

Fair Value (Tables)

Fair Value (Tables)	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements - Recurring Basis Summary	The following table summarizes our assets and liabilities measured at fair value on a recurring basis, including instruments for which we have elected the fair value option: Table 86: Fair Value Measurements – Recurring Basis Summary December 31, 2024 December 31, 2023 In millions Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Residential mortgage loans held for sale $ 560 $ 68 $ 628 $ 371 $ 103 $ 474 Commercial mortgage loans held for sale 199 4 203 227 11 238 Securities available-for-sale U.S. Treasury and government agencies $ 22,534 1,017 23,551 $ 6,292 659 6,951 Residential mortgage-backed Agency 30,626 30,626 27,880 27,880 Non-agency 603 603 696 696 Commercial mortgage-backed Agency 1,945 1,945 1,546 1,546 Non-agency 588 103 691 766 103 869 Asset-backed 2,299 93 2,392 1,014 102 1,116 Other 2,177 54 2,231 2,672 55 2,727 Total securities available-for-sale 22,534 38,652 853 62,039 6,292 34,537 956 41,785 Loans 486 670 1,156 512 726 1,238 Equity investments (a) 825 2,111 3,132 574 1,952 2,717 Residential mortgage servicing rights 2,626 2,626 2,654 2,654 Commercial mortgage servicing rights 1,085 1,085 1,032 1,032 Trading securities (b) 987 1,787 2,774 377 2,422 2,799 Financial derivatives (b) (c) 3 3,004 4 3,011 29 3,394 6 3,429 Other assets 449 133 10 592 403 85 8 496 Total assets (d) $ 24,798 $ 44,821 $ 7,431 $ 77,246 $ 7,675 $ 41,548 $ 7,448 $ 56,862 Liabilities Other borrowed funds $ 1,161 $ 128 $ 10 $ 1,299 $ 724 $ 84 $ 9 $ 817 Financial derivatives (c) (e) 11 5,334 150 5,495 11 5,736 152 5,899 Other liabilities 28 177 205 237 237 Total liabilities (f) $ 1,172 $ 5,490 $ 337 $ 6,999 $ 735 $ 5,820 $ 398 $ 6,953 (a) Certain investments that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. (b) Included in Other assets (c) Amounts at December 31, 2024 and 2023 are presented gross and are not reduced by the impact of legally enforceable master netting agreements that allow us to net positive and negative positions and cash collateral held or placed with the same counterparty. See Note 15 Financial Derivatives for additional information related to derivative offsetting. (d) Total assets at fair value as a percentage of total consolidated assets was 14% and 10% at December 31, 2024 and 2023, respectively. Level 3 assets as a percentage of total assets at fair value was 10% and 13% as of December 31, 2024 and 2023, respectively. Level 3 assets as a percentage of total consolidated assets was 1% at both December 31, 2024 and 2023. (e) Included in Other liabilities (f) Total liabilities at fair value as a percentage of total consolidated liabilities was 1% at both December 31, 2024 and 2023. Level 3 liabilities as a percentage of total liabilities at fair value was 5% and 6% as of December 31, 2024 and 2023, respectively. Level 3 liabilities as a percentage of total consolidated liabilities was less than 1% at both December 31, 2024 and 2023.
Reconciliation of Level 3 Assets and Liabilities	Reconciliations of assets and liabilities measured at fair value on a recurring basis using Level 3 inputs for 2024 and 2023 are as follows: Table 87: Reconciliation of Level 3 Assets and Liabilities Year Ended December 31, 2024 Total realized / unrealized Unrealized Level 3 Instruments Only Fair Included in Included Purchases Sales Issuances Settlements Transfers Transfers Fair Assets Residential mortgage $ 103 $ (1) $ 20 $ (38) $ (7) $ 8 $ (17) (d) $ 68 $ (1) Commercial mortgage 11 1 (8) 4 Securities available-for-sale Residential mortgage- 696 14 $ (1) (106) 603 Commercial mortgage- 103 103 Asset-backed 102 1 1 (11) 93 Other 55 (3) 1 6 (5) 54 (2) Total securities 956 12 1 6 (122) 853 (2) Loans 726 13 23 (2) (80) 16 (26) (d) 670 13 Equity investments 1,952 83 358 (282) 2,111 57 Residential mortgage 2,654 155 43 $ 28 (254) 2,626 155 Commercial mortgage 1,032 262 64 44 (317) 1,085 262 Financial derivatives 6 24 4 (30) 4 30 Other assets 8 1 1 10 Total assets $ 7,448 $ 549 $ 2 $ 519 $ (322) $ 72 $ (818) $ 24 $ (43) $ 7,431 $ 514 Liabilities Other borrowed funds $ 9 $ 14 $ (13) $ 10 Financial derivatives 152 $ 272 $ 4 (278) 150 $ 279 Other liabilities 237 (4) 41 (97) 177 19 Total liabilities $ 398 $ 268 $ 4 $ 55 $ (388) $ 337 $ 298 Net gains (losses) $ 281 (e) $ 216 (f) (Continued from previous page) Year Ended December 31, 2023 Total realized / unrealized Unrealized gains / losses for the period on assets and liabilities held on Consolidated Balance Sheet at Dec. 31, 2023 (a) (c) Level 3 Instruments Only Fair Value Dec. 31, 2022 Included in Earnings Included in Other comprehensive income (b) Purchases Sales Issuances Settlements Transfers into Level 3 Transfers out of Level 3 Fair Value Dec. 31, 2023 Assets Residential mortgage $ 243 $ 1 $ 15 $ (131) $ (10) $ 7 $ (22) (d) $ 103 $ 1 Commercial mortgage 33 1 (23) 11 Securities available-for-sale Residential mortgage- 819 15 $ (11) (127) 696 Commercial mortgage- 3 8 92 103 Asset-backed 124 1 (1) (22) 102 Other 55 (1) (3) 6 (5) 3 55 Total securities 1,001 15 (7) 6 (154) 95 956 Loans 769 15 47 (2) (98) 21 (26) (d) 726 15 Equity investments 1,778 140 768 (600) (134) (g) 1,952 92 Residential mortgage 2,310 115 444 (1) $ 23 (237) 2,654 115 Commercial mortgage 1,113 157 44 50 (332) 1,032 157 Financial derivatives 5 19 4 (22) 6 24 Other assets 1 7 8 Total assets $ 7,252 $ 464 $ (7) $ 1,335 $ (734) $ 73 $ (876) $ 123 $ (182) $ 7,448 $ 404 Liabilities Other borrowed funds $ 4 $ 13 $ (8) $ 9 Financial derivatives 123 $ 266 $ 5 (242) 152 $ 272 Other liabilities 294 56 442 (555) 237 41 Total liabilities $ 421 $ 322 $ 5 $ 455 $ (805) $ 398 $ 313 Net gains (losses) $ 142 (e) $ 91 (f) (a) Losses for assets are bracketed while losses for liabilities are not. (b) The difference in unrealized gains and losses for the period included in Other comprehensive income and changes in unrealized gains and losses for the period included in Other comprehensive income for securities available-for-sale held at the end of the reporting period were insignificant. (c) The amount of the total gains or losses for the period included in earnings that is attributable to the change in unrealized gains or losses related to those assets and liabilities held at the end of the reporting period. (d) Residential mortgage loan transfers out of Level 3 are primarily driven by residential mortgage loans transferring to OREO as well as reclassification of mortgage loans held for sale to held for investment. (e) Net gains (losses) realized and unrealized included in earnings related to Level 3 assets and liabilities included amortization and accretion. The amortization and accretion amounts were included in Interest income (f) Net unrealized gains (losses) related to assets and liabilities held at the end of the reporting period were included in Noninterest income (g)
Fair Value Measurements - Recurring Quantitative Information	Quantitative information about the significant unobservable inputs within Level 3 recurring assets and liabilities is as follows: Table 88: Fair Value Measurements – Recurring Quantitative Information December 31, 2024 Level 3 Instruments Only Fair Value Valuation Techniques Unobservable Inputs Range (Weighted-Average) (a) Commercial mortgage loans held for sale $ 4 Discounted cash flow Spread over the benchmark curve (b) 560bps - 1,075bps (970bps) Residential mortgage-backed 603 Priced by a third-party vendor using a discounted cash flow pricing model Constant prepayment rate 1.0% - 27.9% (4.2%) Constant default rate 0.0% - 12.0% (1.9%) Loss severity 15.0% - 69.0% (42.4%) Spread over the benchmark curve (b) 216bps weighted-average Asset-backed securities 93 Priced by a third-party vendor using a discounted cash flow pricing model Constant prepayment rate 1.0% - 8.0% (3.8%) Constant default rate 0.0% - 7.1% (1.5%) Loss severity 35.0% - 100.0% (45.3%) Spread over the benchmark curve (b) 170bps weighted-average Loans - Residential real estate - Uninsured 504 Consensus pricing (c) Cumulative default rate 3.6% - 100.0% (52.5%) Loss severity 0.0% - 100.0% (5.0%) Discount rate 5.5% - 7.5% (5.7%) Loans - Residential real estate 73 Discounted cash flow Loss severity 6.0% weighted-average Discount rate 7.2% weighted-average Loans - Home equity - First-lien 14 Consensus pricing (c) Cumulative default rate 3.6% - 100.0% (51.6%) Loss severity 0.0% - 100.0% (12.3%) Discount rate 5.5% - 7.5% (6.1%) Loans - Home equity - Second-lien 79 Consensus pricing (c) Credit and liquidity discount 0.3% - 100.0% (41.2%) Equity investments 2,111 Multiple of adjusted earnings Multiple of earnings 5.5x - 26.7x (10.5x) Residential mortgage servicing rights 2,626 Discounted cash flow Constant prepayment rate 0.0% - 40.3% (6.4%) Spread over the benchmark curve (b) 381bps - 2,202bps (755bps) Commercial mortgage servicing rights 1,085 Discounted cash flow Constant prepayment rate 4.3% - 7.4% (4.4%) Discount rate 9.6% - 11.5% (11.2%) Financial derivatives - Swaps related to (143) Discounted cash flow Estimated conversion factor of Visa Class B shares into Class A shares 1.54 weighted-average Estimated annual growth rate of Visa Class A share price 16.0% Estimated litigation resolution date Q1 2026 Insignificant Level 3 assets, net of 45 Total Level 3 assets, net of liabilities (e) $ 7,094 (Continued from previous page) December 31, 2023 Level 3 Instruments Only Fair Value Valuation Techniques Unobservable Inputs Range (Weighted-Average) (a) Commercial mortgage loans held for sale $ 11 Discounted cash flow Spread over the benchmark curve (b) 575bps - 3,610bps (1,647bps) Residential mortgage-backed 696 Priced by a third-party vendor using a discounted cash flow pricing model Constant prepayment rate 1.0% - 27.9% (3.7%) Constant default rate 0.0% - 12.0% (2.7%) Loss severity 10.0% - 69.0% (41.2%) Spread over the benchmark curve (b) 285bps weighted-average Asset-backed securities 102 Priced by a third-party vendor using a discounted cash flow pricing model Constant prepayment rate 1.0% - 28.0% (5.1%) Constant default rate 0.0% - 4.3% (1.7%) Loss severity 20.0% - 100.0% (49.5%) Spread over the benchmark curve (b) 248bps weighted-average Loans - Residential real estate - Uninsured 546 Consensus pricing (c) Cumulative default rate 3.6% - 100.0% (59.1%) Loss severity 0.0% - 100.0% (5.4%) Discount rate 5.5% - 7.5% (5.8%) Loans - Residential real estate 75 Discounted cash flow Loss severity 6.0% weighted-average Discount rate 7.8% weighted-average Loans - Home equity - First-lien 18 Consensus pricing (c) Cumulative default rate 3.6% - 100.0% (60.9%) Loss severity 0.0% - 100.0% (14.4%) Discount rate 5.5% - 7.5% (6.2%) Loans - Home equity - Second-lien 87 Consensus pricing (c) Credit and liquidity discount 0.3% - 100.0% (43.8%) Equity investments 1,952 Multiple of adjusted earnings Multiple of earnings 4.5x - 26.7x (10.1x) Residential mortgage servicing rights 2,654 Discounted cash flow Constant prepayment rate 0.0% - 33.6% (6.4%) Spread over the benchmark curve (b) 337bps - 1,668bps (765bps) Commercial mortgage servicing rights 1,032 Discounted cash flow Constant prepayment rate 5.3% - 9.7% (5.5%) Discount rate 7.6% - 10.0% (9.6%) Financial derivatives - Swaps related to (145) Discounted cash flow Estimated conversion factor of Visa Class B shares into Class A shares 1.59 weighted-average Estimated annual growth rate of Visa Class A share price 16.0% Estimated litigation resolution date Q3 2024 Insignificant Level 3 assets, net of 22 Total Level 3 assets, net of liabilities (e) $ 7,050 (a) Unobservable inputs were weighted by the relative fair value of the instruments. (b) The assumed yield spread over the benchmark curve for each instrument is generally intended to incorporate non-interest rate risks, such as credit and liquidity risks. (c) Consensus pricing refers to fair value estimates that are generally internally developed using information such as dealer quotes or other third-party provided valuations or comparable asset prices. (d) Represents the aggregate amount of Level 3 assets and liabilities measured at fair value on a recurring basis that are individually and in the aggregate insignificant. The amount includes certain financial derivative assets and liabilities, trading securities, other securities, residential mortgage loans held for sale, other assets, other borrowed funds and other liabilities. (e) Consisted of total Level 3 assets of $7.4 billion and total Level 3 liabilities of $0.3 billion as of December 31, 2024 and $7.4 billion and $0.4 billion as of December 31, 2023, respectively.
Fair Value Measurements - Nonrecurring	Assets measured at fair value on a nonrecurring basis are as follows: Table 89: Fair Value Measurements – Nonrecurring (a) (b) (c) Year ended December 31 Fair Value Gains (Losses) 2024 2023 2024 2023 2022 Assets Nonaccrual loans $ 629 $ 578 $ (279) $ (410) $ (287) Equity investments 198 203 (1) (1) OREO and foreclosed assets 8 12 (1) (1) Long-lived assets 18 9 (12) (29) (15) Total assets $ 853 $ 802 $ (293) $ (440) $ (303) (a) All Level 3 for the periods presented, except for $30 million included in Equity investments which was categorized as Level 1 as of December 31, 2023. (b) Valuation techniques applied were fair value of property or collateral. (c) Unobservable inputs used were appraised value/sales price, broker opinions or projected income/required improvement costs. Additional quantitative information was not meaningful for the periods presented.
Fair Value Option - Fair Value and Principal Balances	Fair values and aggregate unpaid principal balances of items for which we elected the fair value option are as follows: Table 90: Fair Value Option – Fair Value and Principal Balances December 31, 2024 December 31, 2023 In millions Fair Value Aggregate Unpaid Principal Balance Difference Fair Value Aggregate Unpaid Principal Balance Difference Assets Residential mortgage loans held for sale Accruing loans less than 90 days past due $ 588 $ 588 $ 432 $ 429 $ 3 Accruing loans 90 days or more past due 11 11 6 6 Nonaccrual loans 29 36 $ (7) 36 43 (7) Total $ 628 $ 635 $ (7) $ 474 $ 478 $ (4) Commercial mortgage loans held for sale (a) (b) Accruing loans less than 90 days past due $ 203 $ 200 $ 3 $ 238 $ 228 $ 10 Loans Accruing loans less than 90 days past due $ 494 $ 505 $ (11) $ 507 $ 520 $ (13) Accruing loans 90 days or more past due 126 137 (11) 146 156 (10) Nonaccrual loans 536 718 (182) 585 793 (208) Total $ 1,156 $ 1,360 $ (204) $ 1,238 $ 1,469 $ (231) Other assets $ 133 $ 142 $ (9) $ 85 $ 69 $ 16 Liabilities Other borrowed funds $ 34 $ 35 $ (1) $ 39 $ 40 $ (1) Other liabilities with contractual unpaid principal balance $ 28 $ 32 $ (4) Other liabilities without contractual unpaid principal balance $ 106 $ 106 $ 124 $ 124 (a) There were no accruing loans 90 days or more past due within this category at December 31, 2024 or December 31, 2023. (b)
Fair Value Option - Changes in Fair Value	The changes in fair value for items for which we elected the fair value option are as follows: Table 91: Fair Value Option – Changes in Fair Value (a) Year ended December 31 Gains (Losses) 2024 2023 2022 Assets Residential mortgage loans held for sale $ 10 $ 32 $ (80) Commercial mortgage loans held for sale $ 24 $ 53 $ 52 Loans $ 21 $ 26 $ 42 Other assets $ 25 $ 7 $ (16) Liabilities Other liabilities $ (19) $ (41) $ (67) (a) The impact on earnings of offsetting hedged items or hedging instruments is not reflected in these amounts.
Additional Fair Value Information Related to Other Financial Instruments	The carrying amounts and estimated fair values, as well as the level within the fair value hierarchy, of these financial instruments as of December 31, 2024 and 2023 are as follows: Table 92: Additional Fair Value Information Related to Other Financial Instruments In millions Carrying Fair Value Total Level 1 Level 2 Level 3 December 31, 2024 Assets Cash and due from banks $ 6,904 $ 6,904 $ 6,904 Interest-earning deposits with banks (a) 39,347 39,347 38,993 $ 354 Securities held-to-maturity 77,698 73,058 23,992 48,914 $ 152 Net loans (excludes leases) 304,129 298,241 298,241 Other assets 5,722 5,722 5,713 9 Total assets $ 433,800 $ 423,272 $ 69,889 $ 54,981 $ 298,402 Liabilities Time deposits $ 34,339 $ 34,383 $ 34,383 Borrowed funds 60,302 61,260 60,350 $ 910 Unfunded lending related commitments 719 719 719 Other liabilities 1,058 1,058 1,058 Total liabilities $ 96,418 $ 97,420 $ 95,791 $ 1,629 December 31, 2023 Assets Cash and due from banks $ 6,921 $ 6,921 $ 6,921 Interest-earning deposits with banks (a) 43,804 43,804 43,313 $ 491 Securities held-to-maturity 90,790 86,948 30,943 55,850 $ 155 Net loans (excludes leases) 308,936 299,645 299,645 Other assets 5,872 5,872 5,872 Total assets $ 456,323 $ 443,190 $ 81,177 $ 62,213 $ 299,800 Liabilities Time deposits $ 31,569 $ 31,602 $ 31,602 Borrowed funds 71,816 72,369 71,194 $ 1,175 Unfunded lending related commitments 663 663 663 Other liabilities 1,091 1,091 1,091 Total liabilities $ 105,139 $ 105,725 $ 103,887 $ 1,838 (a) In the second quarter of 2024, we reclassified balances held at the Federal Reserve Bank from Level 2 to Level 1 to align with our updated cash and cash equivalents policy. For additional details, see Note 1 Accounting Policies.

Financial Derivatives (Tables)

Financial Derivatives (Tables)	12 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Total Gross Derivatives	The following table presents the notional and gross fair value amounts of all derivative assets and liabilities held by us: Table 93: Total Gross Derivatives (a) December 31, 2024 December 31, 2023 In millions Notional /Contract Amount Asset Fair Liability Fair Notional /Contract Amount Asset Fair Liability Fair Derivatives used for hedging Interest rate contracts : Fair value hedges (d) $ 53,750 $ 32,079 Cash flow hedges (d) 50,721 $ 2 33,302 Cash flow hedges - other (e) 25,000 $ 149 168 25,000 $ 327 $ 137 Foreign exchange contracts: Net investment hedges 1,269 14 1,174 2 Total derivatives designated for hedging $ 130,740 $ 163 $ 170 $ 91,555 $ 327 $ 139 Derivatives not used for hedging Derivatives used for mortgage banking activities (f): Interest rate contracts: Swaps $ 35,941 $ 43,450 Futures (g) 9,962 10,370 Mortgage-backed commitments 4,815 $ 73 $ 66 3,093 $ 66 $ 67 Other 13,098 19 13 15,544 46 22 Total interest rate contracts 63,816 92 79 72,457 112 89 Derivatives used for customer-related activities: Interest rate contracts: Swaps 406,747 1,544 4,130 401,607 1,723 4,228 Futures (g) 113 73 Mortgage-backed commitments 3,275 21 7 2,592 9 25 Other 32,280 123 100 28,489 186 169 Total interest rate contracts 442,415 1,688 4,237 432,761 1,918 4,422 Commodity contracts: Swaps 6,725 313 288 6,714 577 569 Other 8,496 208 208 4,797 188 188 Total commodity contracts 15,221 521 496 11,511 765 757 Foreign exchange contracts and other 38,729 403 364 32,885 295 239 Total derivatives for customer-related activities 496,365 2,612 5,097 477,157 2,978 5,418 Derivatives used for other risk management activities: Foreign exchange contracts and other 11,031 144 149 14,882 12 253 Total derivatives not designated for hedging $ 571,212 $ 2,848 $ 5,325 $ 564,496 $ 3,102 $ 5,760 Total gross derivatives $ 701,952 $ 3,011 $ 5,495 $ 656,051 $ 3,429 $ 5,899 Less: Impact of legally enforceable master netting agreements 1,298 1,298 1,406 1,406 Less: Cash collateral received/paid 897 1,029 1,126 955 Total derivatives $ 816 $ 3,168 $ 897 $ 3,538 (a) Centrally cleared derivatives are settled in cash daily and result in no derivative asset or derivative liability being recognized on our Consolidated Balance Sheet. (b) Included in Other assets on our Consolidated Balance Sheet. (c) Included in Other liabilities on our Consolidated Balance Sheet. (d) Represents primarily swaps. (e) Represents caps and floors. (f) Includes both residential and commercial mortgage banking activities. (g) Futures contracts are settled in cash daily and result in no derivative asset or derivative liability being recognized on our Consolidated Balance Sheet .
Schedule of Gains (losses) Recognized on Fair Value and Cash Flow Hedges in Consolidated Income Statement	Further detail regarding gains (losses) related to our fair value and cash flow hedge derivatives is presented in the following table: Table 94: Gains (Losses) Recognized on Fair Value and Cash Flow Hedges in the Consolidated Income Statement (a) (b) Location and Amount of Gains (Losses) Recognized in Income Interest Income Interest Expense Noninterest Income In millions Loans Investment Securities Borrowed Funds Other Year ended December 31, 2024 Total amounts on the Consolidated Income Statement $ 19,346 $ 4,123 $ 4,484 $ 711 Gains (losses) on fair value hedges recognized on: Hedged items (c) $ (182) $ 320 Derivatives $ 183 $ (357) Amounts related to interest settlements on derivatives $ 128 $ (694) Gains (losses) on cash flow hedges (d): Amount of derivative gains (losses) reclassified from accumulated $ (1,257) $ (32) $ (28) Other amounts related to interest settlements on derivatives $ 52 Year ended December 31, 2023 Total amounts on the Consolidated Income Statement $ 18,299 $ 3,545 $ 3,783 $ 619 Gains (losses) on fair value hedges recognized on: Hedged items (c) $ 2 $ (545) Derivatives $ 2 $ 531 Amounts related to interest settlements on derivatives $ 28 $ (605) Gains (losses) on cash flow hedges (d): Amount of derivative gains (losses) reclassified from accumulated $ (1,512) $ (28) Other amounts related to interest settlements on derivatives $ 115 Year ended December 31, 2022 Total amounts on the Consolidated Income Statement $ 11,795 $ 2,726 $ 1,155 $ 952 Gains (losses) on fair value hedges recognized on: Hedged items (c) $ (136) $ 1,945 Derivatives $ 143 $ (1,976) Amounts related to interest settlements on derivatives $ (2) $ 120 Gains (losses) on cash flow hedges (d): Amount of derivative gains (losses) reclassified from accumulated $ (259) $ (1) Other amounts related to interest settlements on derivatives $ 41 (a) For all periods presented, there were no components of derivative gains or losses excluded from the assessment of hedge effectiveness for any of the fair value or cash flow hedge strategies. (b) All cash flow and fair value hedge derivatives were interest rate contracts for the periods presented. (c) Includes an insignificant amount of fair value hedge adjustments related to discontinued hedge relationships. (d) For all periods presented, there were no gains or losses from cash flow hedge derivatives reclassified to income because it became probable that the original forecasted transaction would not occur.
Schedule of Hedged Items - Fair Value Hedges	Detail regarding the impact of fair value hedge accounting on the carrying value of the hedged items is presented in the following table: Table 95: Hedged Items - Fair Value Hedges December 31, 2024 December 31, 2023 In millions Carrying Value of the Hedged Items Cumulative Fair Value Hedge Adjustment included in the Carrying Value of Hedged Items (a) Carrying Value of the Hedged Items Cumulative Fair Value Hedge Adjustment included in the Carrying Value of Hedged Items (a) Investment securities - available-for-sale (b) $ 18,716 $ (305) $ 2,076 $ (122) Borrowed funds $ 35,139 $ (1,057) $ 30,503 $ (737) (a) Includes fair value hedge adjustments of less than $(0.1) billion related to discontinued available-for-sale securities and borrowed funds hedge relationships at both December 31, 2024 and 2023. (b) Carrying value shown represents amortized cost.
Risk Participation Agreements	Table 96: Risk Participation Agreements December 31 In billions 2024 2023 Risk participation agreements: Sold - notional amount $ 7.4 $ 8.0 Maximum potential amount of exposure (a) $ 0.1 $ 0.2 (a) Based on the fair value of the underlying swaps assuming all underlying third party customers referenced in the swap contracts defaulted.
Gains (Losses) on Derivatives Not Designated as Hedging Instruments under GAAP	Further detail regarding the gains (losses) on derivatives not designated in hedging relationships is presented in the following table: Table 97: Gains (Losses) on Derivatives Not Designated for Hedging Year ended December 31 In millions 2024 2023 2022 Derivatives used for mortgage banking activities: Interest rate contracts (a) $ (201) $ (70) $ (671) Derivatives used for customer-related activities: Interest rate contracts (26) (15) 220 Foreign exchange contracts and other 149 220 111 Gains from customer-related activities (b) 123 205 331 Derivatives used for other risk management activities: Foreign exchange contracts and other (b) 86 (395) 255 Total gains (losses) from derivatives not designated as hedging instruments $ 8 $ (260) $ (85) (a) Included in Residential and commercial mortgage noninterest income on our Consolidated Income Statement. (b) Included in Capital markets and advisory and Other noninterest income on our Consolidated Income Statement.
Derivative Assets and Liabilities Offsetting	Table 98: Derivative Assets and Liabilities Offsetting In millions Gross Fair Value Amounts Offset on the Consolidated Balance Sheet Net Fair Value Securities Collateral Held /Pledged Under Master Netting Agreements Net Amounts Fair Value Offset Amount Cash Collateral December 31, 2024 Derivative assets Interest rate contracts: Over-the-counter cleared $ 35 $ 35 $ 35 Over-the-counter 1,894 $ 843 $ 629 422 $ 38 384 Commodity contracts 521 296 85 140 5 135 Foreign exchange and other contracts 561 159 183 219 2 217 Total derivative assets $ 3,011 $ 1,298 $ 897 $ 816 (a) $ 45 $ 771 Derivative liabilities Interest rate contracts: Over-the-counter cleared $ 17 $ 17 $ 17 Over-the-counter 4,469 $ 732 $ 1,019 2,718 $ 57 2,661 Commodity contracts 496 393 2 101 101 Foreign exchange and other contracts 513 173 8 332 332 Total derivative liabilities $ 5,495 $ 1,298 $ 1,029 $ 3,168 (b) $ 57 $ 3,111 December 31, 2023 Derivative assets Interest rate contracts: Over-the-counter cleared $ 19 $ 19 $ 19 Over-the-counter 2,338 $ 976 $ 767 595 $ 61 534 Commodity contracts 765 316 283 166 5 161 Foreign exchange and other contracts 307 114 76 117 117 Total derivative assets $ 3,429 $ 1,406 $ 1,126 $ 897 (a) $ 66 $ 831 Derivative liabilities Interest rate contracts: Over-the-counter cleared $ 36 $ 36 $ 36 Over-the-counter 4,612 $ 885 $ 942 2,785 $ 58 2,727 Commodity contracts 757 332 425 425 Foreign exchange and other contracts 494 189 13 292 292 Total derivative liabilities $ 5,899 $ 1,406 $ 955 $ 3,538 (b) $ 58 $ 3,480 (a) Represents the net amount of derivative assets included in Other assets on our Consolidated Balance Sheet. (b) Represents the net amount of derivative liabilities included in Other liabilities on our Consolidated Balance Sheet.
Credit-Risk Contingent Features	Table 99: Credit-Risk Contingent Features December 31 In billions 2024 2023 Net derivative liabilities with credit-risk contingent features $ 3.9 $ 4.2 Collateral posted 1.1 1.0 Maximum additional amount of collateral exposure $ 2.8 $ 3.2

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
Reconciliation of Changes in Projected Benefit Obligation and Change in Plan Assets	A reconciliation of the changes in the projected benefit obligation for qualified pension, nonqualified pension and postretirement benefit plans, as well as the change in plan assets for the qualified pension and postretirement benefit plans follows: Table 100: Reconciliation of Changes in Projected Benefit Obligation and Change in Plan Assets Qualified Nonqualified Postretirement In millions 2024 2023 2024 2023 2024 2023 Accumulated benefit obligation at December 31 $ 4,496 $ 4,601 $ 205 $ 212 Projected benefit obligation at January 1 $ 4,641 $ 4,543 $ 217 $ 222 $ 261 $ 260 Service cost 128 130 3 3 3 3 Interest cost 240 249 11 11 13 14 Actuarial (gains)/losses and changes in assumptions (a) (91) 45 3 (12) 7 Participant contributions 2 2 Benefits paid (389) (326) (21) (22) (24) (25) Projected benefit obligation at December 31 $ 4,529 $ 4,641 $ 210 $ 217 $ 243 $ 261 Fair value of plan assets at January 1 $ 5,615 $ 5,400 $ 257 $ 242 Actual return on plan assets 280 541 3 16 Employer contribution $ 21 $ 22 22 22 Participant contributions 2 2 Benefits paid (389) (326) (21) (22) (24) (25) Fair value of plan assets at December 31 $ 5,506 $ 5,615 $ 260 $ 257 Funded status $ 977 $ 974 $ (210) $ (217) $ 17 $ (4) Amounts recognized on the consolidated balance sheet Noncurrent asset $ 977 $ 974 $ 46 $ 26 Current liability $ (24) $ (23) (3) (3) Noncurrent liability (186) (194) (26) (27) Net amount recognized on the consolidated balance sheet $ 977 $ 974 $ (210) $ (217) $ 17 $ (4) Amounts recognized in AOCI consist of: Prior service cost (credit) $ 7 $ 11 $ 1 $ 1 Net actuarial (gain)/loss 135 148 $ 32 $ 33 (34) (31) Amount of (gain)/loss recognized in AOCI $ 142 $ 159 $ 32 $ 33 $ (33) $ (30) (a) The actuarial (gains)/losses and changes in assumptions in 2024 and 2023 were primarily related to a change in the discount rate used to measure the projected benefit obligation.
Asset Strategy Allocations	The asset strategy allocations for the Plan at the end of 2024 and 2023, and the target allocation range at the end of 2024, by asset category, are as follows: Table 101: Asset Strategy Allocations Target Allocation Range Percentage of Plan Assets by Strategy at December 31 2024 2023 Asset Category Domestic equity 15 – 40% 21 % 22 % International equity 10 – 25% 17 % 19 % Private equity 0 – 15% 12 % 11 % Total equity 30 – 70% 50 % 52 % Domestic fixed income 10 – 40% 31 % 29 % High yield fixed income 0 – 25% 8 % 9 % Total fixed income 10 – 65% 39 % 38 % Real estate 0 – 10% 6 % 6 % Other 0 – 20% 5 % 4 % Total 100% 100 % 100 %
Description of The Valuation Methodologies Used for Pension Plan	A description of the valuation methodologies used for assets measured at fair value at both December 31, 2024 and 2023 follows: Table 102: Pension Plan Valuation Methodologies Asset Valuation Methodology Money market funds • Valued at the NAV of the shares held by the pension plan at year end. U.S. government and agency securities Corporate debt Common stock • Valued at the closing price reported on the active market on which the individual securities are traded. • If quoted market prices are not available for the specific security, then fair values are estimated by using pricing models or quoted prices of securities with similar characteristics. Such securities are generally classified within Level 2 of the valuation hierarchy but may be a Level 3 depending on the level of liquidity and activity in the market for the security. Mutual funds • Valued based on third-party pricing of the fund that is not actively traded. Other investments Derivative financial instruments Group annuity contracts Preferred stock • Derivative financial instruments - recorded at estimated fair value as determined by third-party appraisals and pricing models. • Group annuity contracts - measured at fair value by discounting the related cash flows based on current yields of similar instruments with comparable durations considering the creditworthiness of the issuer. • Preferred stock - valued at the closing price reported on an active market on which the securities are traded. Investments measured at NAV Collective trust fund investments Limited partnerships • Collective trust fund investments - valued based upon the units of such collective trust fund held by the Plan at year end multiplied by the respective unit value. The unit value of the collective trust fund is based upon significant observable inputs, although it is not based upon quoted prices in an active market. The underlying investments of the collective trust funds consist primarily of equity securities, debt obligations, short-term investments, and other marketable securities. Due to the nature of these securities, there are no unfunded commitments or redemption restrictions. • Limited partnerships - valued by investment managers based on recent financial information used to estimate fair value. The unit value of limited partnerships is based upon significant observable inputs, although it is not based upon quoted marked prices in an active market.
Pension Plan Assets - Fair Value Hierarchy	The following table sets forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2024 and 2023. Table 103: Pension Plan Assets - Fair Value Hierarchy December 31, 2024 December 31, 2023 In millions Level 1 Level 2 Level 3 Total Fair Value Level 1 Level 2 Level 3 Total Fair Value Interest-bearing cash $ 56 $ 56 $ 46 $ 46 Money market funds 220 220 186 186 U.S. government and agency securities 391 $ 302 693 394 $ 145 539 Corporate debt 684 $ 1 685 749 $ 2 751 Common stock 410 410 716 716 Mutual funds 147 147 160 160 Other 1 40 41 32 32 Investments measured at NAV (a) 3,254 3,185 Total $ 1,078 $ 1,173 $ 1 $ 5,506 $ 1,342 $ 1,086 $ 2 $ 5,615 (a) Certain investments that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.
Estimated Cash Flows	The following table provides information regarding our estimated future cash flows related to our various plans. Table 104: Estimated Cash Flows Pension Plans Postretirement Benefits In millions Qualified Pension Nonqualified Pension Estimated 2025 employer contributions $ 24 $ 22 Estimated future benefit payments 2025 $ 335 $ 24 $ 22 2026 $ 345 $ 24 $ 22 2027 $ 347 $ 24 $ 22 2028 $ 350 $ 23 $ 21 2029 $ 347 $ 22 $ 21 2030-2034 $ 1,709 $ 89 $ 100
Components of Net Periodic Benefit Cost	The components of net periodic benefit cost and other amounts recognized in OCI were as follows: Table 105: Components of Net Periodic Benefit Cost (a) Qualified Pension Plan Nonqualified Pension Plan Postretirement Benefits Year ended December 31 – in millions 2024 2023 2022 2024 2023 2022 2024 2023 2022 Net periodic cost consists of: Service cost $ 128 $ 130 $ 142 $ 3 $ 3 $ 3 $ 3 $ 3 $ 4 Interest cost 240 249 156 11 11 7 13 14 9 Expected return on plan assets (358) (324) (298) (11) (10) (6) Amortization of prior service cost 4 4 3 Amortization of actuarial loss/(gain) 1 1 5 (1) Net periodic cost $ 14 $ 59 $ 3 $ 15 $ 15 $ 15 $ 4 $ 7 $ 7 Other changes in plan assets and benefit obligations recognized in OCI: Amortization of prior service (cost) $ (4) $ (4) $ (3) Current year actuarial loss/(gain) (13) (173) 508 $ 3 $ (44) $ (4) $ 1 $ (30) Amortization of actuarial gain/(loss) $ (1) (1) (5) 1 Total recognized in OCI $ (17) $ (177) $ 505 $ (1) $ 2 $ (49) $ (3) $ 1 $ (30) Total amounts recognized in net periodic cost and OCI $ (3) $ (118) $ 508 $ 14 $ 17 $ (34) $ 1 $ 8 $ (23) (a) The service cost component is included in Personnel expense on the Consolidated Income Statement. All other components are included in Other noninterest expense on the Consolidated Income Statement.
Net Periodic Costs - Assumptions	The weighted-average assumptions used (as of the beginning of each year) to determine the net periodic costs shown in Table 105 were as follows: Table 106: Net Periodic Costs - Assumptions Net Periodic Cost Determination As of January 1 2024 2023 2022 Discount rate Qualified pension 5.25 % 5.55 % 2.90 % Nonqualified pension 5.10 % 5.45 % 2.65 % Postretirement benefits 5.15 % 5.50 % 2.80 % Rate of compensation increase (average) (a) 4.25 % 4.25 % 4.25 % Interest crediting rate (average) Qualified pension 4.35 % 4.65 % 3.70 % Nonqualified pension 4.45 % 4.80 % 4.00 % Postretirement benefits 4.00 % 4.30 % 1.65 % Assumed health care cost trend rate (b) Initial trend 6.00 % 6.00 % 6.00 % Ultimate trend 4.50 % 4.50 % 4.50 % Year ultimate trend reached 2030 2029 2028 Expected long-term return on plan assets (a) 6.60 % 6.20 % 4.50 % (a) Rate disclosed is for the qualified pension plan. (b) Rate is applicable only to the postretirement benefit plans.
Other Pension Assumptions	The weighted-average assumptions used (as of the end of each year) to determine year end obligations for pension and postretirement benefits were as follows: Table 107: Other Pension Assumptions Year ended December 31 2024 2023 Discount rate Qualified pension 5.75 % 5.25 % Nonqualified pension 5.50 % 5.10 % Postretirement benefits 5.60 % 5.15 % Rate of compensation increase (average) (a) 4.25 % 4.25 % Interest crediting rate (average) Qualified pension 4.70 % 4.35 % Nonqualified pension 4.75 % 4.45 % Postretirement benefits 4.50 % 4.00 % Assumed health care cost trend rate (b) Initial trend 6.50 % 6.00 % Ultimate trend 4.50 % 4.50 % Year ultimate trend reached 2033 2030 (a) Rate disclosed is for the qualified pension plan. (b) Rate is applicable only to the postretirement benefit plans.

Stock Based Compensation Plans

Stock Based Compensation Plans (Tables)	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Nonvested Performance Share Unit Awards and Restricted Share Unit Awards - Rollforward	A rollforward of the nonvested performance share unit and restricted share unit awards follows: Table 108: Nonvested Performance Share Unit Awards and Restricted Share Unit Awards - Rollforward Shares in thousands Nonvested Performance Share Units Weighted-Average Grant Date Fair Value Nonvested Restricted Share Units Weighted-Average Grant Date Fair Value December 31, 2023 (a) 646 $ 165.48 3,762 $ 169.79 Granted (b) 189 $ 144.23 1,941 $ 141.50 Vested/Released (b) (199) $ 149.12 (1,228) $ 163.14 Forfeitures (119) $ 159.28 December 31, 2024 636 $ 164.29 4,356 $ 159.34 (a) Includes 170 performance share units with market conditions. (b)

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Components of Income Tax Expense	The components of income tax expense are as follows: Table 109: Components of Income Tax Expense Year ended December 31 2024 2023 2022 Current Federal $ 1,098 $ 1,021 $ 782 State 221 320 227 Total current 1,319 1,341 1,009 Deferred Federal (1) (149) 307 State (29) (103) 44 Total deferred (30) (252) 351 Total $ 1,289 $ 1,089 $ 1,360
Deferred Tax Assets and Liabilities	Significant components of deferred tax assets and liabilities are as follows: Table 110: Deferred Tax Assets and Liabilities December 31 – in millions 2024 2023 Deferred tax assets Net unrealized losses on securities and financial instruments $ 2,098 $ 2,417 Allowance for loan and lease losses 1,105 1,147 Lease obligations 475 508 Compensation and benefits 312 261 Allowance for unfunded lending related commitments 177 161 Accrued expenses 188 209 Other 340 384 Total gross deferred tax assets 4,695 5,087 Valuation allowance (23) (26) Total deferred tax assets 4,672 5,061 Deferred tax liabilities Leasing 919 938 Fixed assets 397 477 Right of Use Assets 412 445 Mortgage servicing rights 434 359 Goodwill and intangibles 249 252 Other 472 461 Total deferred tax liabilities 2,883 2,932 Net deferred tax asset $ 1,789 $ 2,129
Reconciliation of Statutory and Effective Tax Rates	A reconciliation between the statutory and effective tax rates follows: Table 111: Reconciliation of Statutory and Effective Tax Rates Year ended December 31 2024 2023 2022 Statutory tax rate 21.0 % 21.0 % 21.0 % Increases (decreases) resulting from: State taxes net of federal benefit 3.0 2.9 2.7 Tax-exempt interest (1.4) (1.7) (1.2) Life insurance (0.9) (0.9) (0.8) Tax credits (5.0) (5.2) (3.2) Other 1.1 0.1 (0.3) Effective tax rate 17.8 % 16.2 % 18.2 %
Net Operating Loss Carryforwards	The net operating loss carryforwards at December 31, 2024 and 2023 follow Table 112: Net Operating Loss Carryforwards Dollars in millions December 31, 2024 December 31, 2023 Expiration Net Operating Loss Carryforwards (a): State $ 585 $ 624 2025-2036 (a) There were no federal net operating loss carryforwards at both December 31, 2024 and 2023.
Change in Unrecognized Tax Benefits	A reconciliation of the beginning and ending balance of unrecognized tax benefits is as follows: Table 113: Change in Unrecognized Tax Benefits In millions 2024 2023 2022 Balance of gross unrecognized tax benefits at January 1 $ 368 $ 318 $ 275 Increases: Positions taken during a current period 23 20 Positions taken during a prior period 35 35 46 Decreases: Settlements with taxing authorities (1) (4) (3) Reductions resulting from lapse of statute of limitations (60) (1) Balance of gross unrecognized tax benefits at December 31 $ 365 $ 368 $ 318 Favorable impact if recognized $ 314 $ 306 $ 258
IRS Tax Examination Status	Table 114: IRS Tax Examination Status Year(s) Status at December 31, 2024 The PNC Financial Services Group, Inc. BBVA USA Bancshares, Inc. Federal 2020 2018 Under Exam

Regulatory Matters (Tables)

Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 2024
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Basel Regulatory Capital	The following table sets forth the Basel III regulatory capital ratios at December 31, 2024 and 2023, for PNC and PNC Bank: Table 115: Basel Regulatory Capital (a) Amount Ratios December 31 2024 2023 2024 2023 “Well Capitalized” Requirements Risk-based capital Common equity Tier 1 PNC $ 44,467 $ 41,974 10.5 % 9.9 % N/A (b) (c) PNC Bank $ 49,306 $ 47,273 11.9 % 11.3 % 6.5 % Tier 1 PNC $ 50,216 $ 48,215 11.9 % 11.4 % 6.0 % PNC Bank $ 49,306 $ 47,273 11.9 % 11.3 % 8.0 % Total PNC $ 57,330 $ 55,932 13.6 % 13.2 % 10.0 % PNC Bank $ 55,574 $ 54,140 13.4 % 12.9 % 10.0 % Leverage PNC $ 50,216 $ 48,215 9.0 % 8.7 % N/A (b) (d) PNC Bank $ 49,306 $ 47,273 8.9 % 8.6 % 5.0 % (a) Calculated using the regulatory capital methodology applicable to us during both 2024 and 2023. (b) “Well Capitalized” is not defined at the BHC level. (c) The regulatory minimum required CET1 ratio of 4.5% plus SCB of 2.5% for PNC is 7.0%. (d) The regulatory minimum required leverage ratio for PNC is 4.0%.

Parent Company (Tables)

Parent Company (Tables)	12 Months Ended
	Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]
Income Statement - Parent Company	Summarized financial information of the parent company is as follows: Table 116: Parent Company - Income Statement Year ended December 31 2024 2023 2022 Operating Revenue Dividends from: Bank subsidiaries and bank holding company $ 4,000 $ 2,500 $ 3,925 Non-bank subsidiaries 383 565 280 Interest income 1,129 638 104 Noninterest income (loss) 47 41 (37) Total operating revenue 5,559 3,744 4,272 Operating Expense Interest expense 1,896 1,269 326 Other expense 130 185 136 Total operating expense 2,026 1,454 462 Income before income taxes and equity in undistributed net income of subsidiaries 3,533 2,290 3,810 Equity in undistributed net income of subsidiaries: Bank subsidiaries and bank holding company 2,200 3,337 1,848 Non-bank subsidiaries 24 (161) 455 Income before taxes 5,757 5,466 6,113 Income tax expense (benefit) (132) (112) 72 Net income 5,889 5,578 6,041 Other comprehensive income, net of tax: Net pension and other postretirement benefit plan activity arising during the period 1 2 1 Other comprehensive income 1 2 1 Comprehensive income $ 5,890 $ 5,580 $ 6,042
Balance Sheet - Parent Company	Table 117: Parent Company - Balance Sheet December 31 – in millions 2024 2023 Assets Cash held at banking subsidiary $ 5,817 $ 6,599 Restricted deposits with banking subsidiary 175 175 Investments in: Bank subsidiaries and bank holding company 72,450 64,104 Non-bank subsidiaries 3,084 3,020 Loans with affiliates 2,322 1,687 Other assets 1,212 1,297 Total assets $ 85,060 $ 76,882 Liabilities Subordinated debt (a) $ 982 $ 1,749 Senior debt (a) 27,345 22,213 Accrued expenses and other liabilities 2,308 1,815 Total liabilities 30,635 25,777 Equity Shareholders’ equity 54,425 51,105 Total liabilities and equity $ 85,060 $ 76,882 (a) See Note 9 Borrowed Funds for additional information on contractual rates and maturity dates of senior debt and subordinated debt for Parent Company.
Interest Paid and Income Tax Refunds (Payments) - Parent Company	Table 118: Parent Company - Interest Paid and Income Tax Refunds (Payments) Year ended December 31 – in millions Interest Paid Income Tax Refunds/ (Payments) 2024 $ 1,216 $ 329 2023 $ 683 $ 1,080 2022 $ 314 $ (255)
Statement of Cash Flows - Parent Company	Table 119: Parent Company - Statement of Cash Flows Year ended December 31 – in millions 2024 2023 2022 Operating Activities Net income $ 5,889 $ 5,578 $ 6,041 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed net earnings of subsidiaries (2,224) (3,176) (2,303) Other 443 1,276 95 Net cash provided (used) by operating activities $ 4,108 $ 3,678 $ 3,833 Investing Activities Net change in loans and securities from affiliates $ (5,192) (9,475) $ (531) Other 1 (5) (84) Net cash provided (used) by investing activities $ (5,191) $ (9,480) $ (615) Financing Activities Net change in other borrowed funds from affiliates $ (465) $ 255 $ (1,138) Proceeds from long-term borrowings 8,220 10,463 4,335 Repayments of long-term borrowings (3,450) (1,500) Preferred stock issuances 1,484 2,225 Preferred stock redemptions (500) (1,000) (1,500) Common and treasury stock issuances 69 72 68 Acquisition of treasury stock (687) (651) (3,731) Preferred stock cash dividends paid (352) (417) (301) Common stock cash dividends paid (2,534) (2,459) (2,389) Net cash provided (used) by financing activities $ 301 $ 7,747 $ (3,931) Net Increase (Decrease) In Cash Held at Banking Subsidiary $ (782) $ 1,945 $ (713) Cash and restricted deposits held at banking subsidiary at beginning of year 6,774 4,829 5,542 Cash and restricted deposits held at banking subsidiary at end of year $ 5,992 $ 6,774 $ 4,829

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Results of Businesses	Results of our reportable business segments for 2024, 2023 and 2022 are as follows: Table 120: Business Segment Results Retail Banking Corporate & Institutional Banking Asset Management Group Year ended December 31 2024 2023 2022 2024 2023 2022 2024 2023 2022 Net interest income $ 10,933 $ 9,974 $ 7,540 $ 6,302 $ 5,732 $ 5,179 $ 652 $ 547 $ 608 Noninterest income 3,582 2,951 2,967 3,927 3,537 3,621 949 905 936 Total revenue 14,515 12,925 10,507 10,229 9,269 8,800 1,601 1,452 1,544 Provision for (recapture of) credit losses $ 362 $ 396 $ 259 $ 453 $ 398 $ 198 $ (3) $ (3) $ 28 Noninterest expense Personnel $ 2,189 $ 2,266 $ 2,409 $ 1,508 $ 1,426 $ 1,463 $ 472 $ 494 $ 483 Segment allocations (a) 3,653 3,571 3,394 1,497 1,507 1,421 454 464 441 Depreciation and amortization 312 330 310 202 211 213 30 30 29 Other (b) 1,377 1,388 1,485 557 586 554 117 127 133 Total noninterest expense 7,531 $ 7,555 $ 7,598 $ 3,764 $ 3,730 $ 3,651 $ 1,073 $ 1,115 $ 1,086 Income before income taxes and noncontrolling interests 6,622 4,974 2,650 6,012 5,141 4,951 531 340 430 Income taxes 1,545 1,163 621 1,264 1,073 1,064 124 $ 80 $ 100 Net income 5,077 3,811 2,029 4,748 4,068 3,887 407 260 330 Less: Net income attributable to noncontrolling interests 39 43 55 19 19 17 Net income excluding noncontrolling interests $ 5,038 $ 3,768 $ 1,974 $ 4,729 $ 4,049 $ 3,870 $ 407 $ 260 $ 330 Average assets $ 114,631 $ 114,914 $ 113,829 $ 228,349 $ 233,337 $ 219,941 $ 16,872 $ 15,812 $ 14,505 (a) Represents expense allocations for corporate overhead services used by each business segment; primarily comprised of technology, human resources and occupancy-related allocations. (b) Other is primarily comprised of other direct expenses including outside services and equipment expense. The following table presents reconciliations of financial results for the three reportable business segments to our consolidated reporting. Table 121: Reconciliation of Business Segment Results to Consolidated Year ended December 31 2024 2023 2022 Revenues Total business segment revenue $ 26,345 $ 23,646 $ 20,851 Revenues from other activities (4,790) (2,156) 269 Total revenue $ 21,555 $ 21,490 $ 21,120 Noninterest Expense Total business segment noninterest expense $ 12,368 $ 12,400 $ 12,335 FDIC special assessment 112 515 Workforce reduction charges 150 PNC Foundation contribution 120 50 Noninterest expense from other activities 924 897 835 Total noninterest expense $ 13,524 $ 14,012 $ 13,170 Net Income Total business segment net income $ 10,232 $ 8,139 $ 6,246 FDIC special assessment (112) (515) Workforce reduction charges (150) PNC Foundation contribution (120) (50) Net income (loss) from other activities (4,047) (1,777) (133) Net income $ 5,953 $ 5,647 $ 6,113 Average Assets Total business segment average assets $ 359,852 $ 364,063 $ 348,275 Average assets from other activities 205,031 194,707 202,377 Total average assets $ 564,883 $ 558,770 $ 550,652

Fee-based Revenue from Contra_2

Fee-based Revenue from Contracts with Customers (Tables)	12 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Noninterest Income Disaggregation	Table 122: Noninterest Income by Business Segment and Reconciliation to Consolidated Noninterest Income Year ended December 31 Retail Banking Corporate & Asset 2024 Asset management and brokerage Asset management fees $ 933 Brokerage fees $ 551 1 Total asset management and brokerage 551 934 Card and cash management Treasury management fees 41 $ 1,481 Debit card fees 699 Net credit card fees (a) 189 Merchant services 157 74 Other 87 Total card and cash management 1,173 1,555 Lending and deposit services Deposit account fees 645 Other 74 32 Total lending and deposit services 719 32 Residential and commercial mortgage (b) 117 Capital markets and advisory 888 Other 75 Total in-scope noninterest income 2,443 2,667 934 Out-of-scope noninterest income (c) 1,139 1,260 15 Noninterest income by business segment $ 3,582 $ 3,927 $ 949 Reconciliation to consolidated noninterest income For the year ended December 31, 2024 Total in-scope business segment noninterest income $ 6,044 Out-of-scope business segment noninterest income (c) 2,414 Noninterest income from Other (d) (402) Noninterest income as shown on the Consolidated Income Statement $ 8,056 (Continued from previous page) Year ended December 31 Retail Banking Corporate & Asset 2023 Asset management and brokerage Asset management fees $ 882 Brokerage fees $ 523 7 Total asset management and brokerage 523 889 Card and cash management Treasury management fees 41 $ 1,377 Debit card fees 691 Net credit card fees (a) 228 Merchant services 168 77 Other 96 Total card and cash management 1,224 1,454 Lending and deposit services Deposit account fees 637 Other 73 34 Total lending and deposit services 710 34 Residential and commercial mortgage (b) 140 Capital markets and advisory 653 Other 68 Total in-scope noninterest income 2,457 2,349 889 Out-of-scope noninterest income (c) 494 1,188 16 Noninterest income by business segment $ 2,951 $ 3,537 $ 905 Reconciliation to consolidated noninterest income For the year ended December 31, 2023 Total in-scope business segment noninterest income $ 5,695 Out-of-scope business segment noninterest income (c) 1,698 Noninterest income from Other (d) 181 Noninterest income as shown on the Consolidated Income Statement $ 7,574 (Continued from previous page) Year ended December 31 Retail Banking Corporate & Asset 2022 Asset management and brokerage Asset management fees $ 908 Brokerage fees $ 528 8 Total asset management and brokerage 528 916 Card and cash management Treasury management fees 40 $ 1,284 Debit card fees 684 Net credit card fees (a) 237 Merchant services 186 66 Other 97 Total card and cash management 1,244 1,350 Lending and deposit services Deposit account fees 583 Other 67 33 Total lending and deposit services 650 33 Residential and commercial mortgage (b) 140 Capital markets and advisory 790 Other 59 Total in-scope noninterest income 2,422 2,372 916 Out-of-scope noninterest income (c) 545 1,249 20 Noninterest income by business segment $ 2,967 $ 3,621 $ 936 Reconciliation to consolidated noninterest income For the year ended December 31, 2022 Total in-scope business segment noninterest income $ 5,710 Out-of-scope business segment noninterest income (c) 1,814 Noninterest income from Other (d) 582 Noninterest income as shown on the Consolidated Income Statement $ 8,106 (a) Net credit card fees consist of interchange fees of $671 million, $673 million and $662 million and credit card reward costs totaled $482 million, $445 million and $425 million for the years ended December 31, 2024, 2023 and 2022, respectively. (b) Residential mortgage noninterest income falls under the scope of other accounting and disclosure requirements outside of Topic 606 and is included within the out-of-scope noninterest income line for the Retail Banking segment. (c) Out-of-scope noninterest income includes revenue streams that fall under the scope of other accounting and disclosure requirements outside of Topic 606. (d) Includes residual activities from corporate operations. For additional information, see Note 22 Segment Reporting.

Accounting Policies (Details)

Accounting Policies (Details) $ in Millions		12 Months Ended
		Dec. 31, 2024 USD ($) office	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Amount moved out of Net cash provided (used) by investing activities	[1]	$ (4,474)	$ 16,362	$ (47,891)
Increase in net cash provided (used) by investing activities		(3,232)	10,105	(60,358)
Interest-bearing deposits		13,964	8,337	9,693
Decrease in other investing activities, net, less than		(1,103)	(1,985)	(2,995)
Cash, cash equivalents and restricted cash at end of period		$ 46,251	50,725	34,363	$ 82,254
Number of international offices | office		4
Retained earnings		$ 59,282	56,290
Revision of Prior Period, Reclassification, Adjustment
Amount moved out of Net cash provided (used) by investing activities			16,500	(46,900)
Increase in net cash provided (used) by investing activities			16,500
Interest-bearing deposits			16,500	(46,900)
Decrease in other investing activities, net, less than			(100)
Cash, cash equivalents and restricted cash at end of period			$ 43,800	$ 27,300	$ 74,200
Minimum | Furniture and Equipment
Estimated useful life of property and equipment		1 year
Minimum | Software and Software Development Costs
Estimated useful life of property and equipment		1 year
Maximum | Furniture and Equipment
Estimated useful life of property and equipment		10 years
Maximum | Buildings
Estimated useful life of property and equipment		40 years
Maximum | Leasehold Improvements
Estimated useful life of property and equipment		15 years
Maximum | Software and Software Development Costs
Estimated useful life of property and equipment		10 years
[1] In the second quarter of 2024, we updated our policy for cash and cash equivalents to include interest-earning deposits with banks. See Note 1 Accounting Policies for additional information regarding this change to our cash and cash equivalents policy.

Investment Securities (Summary)

Investment Securities (Summary) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale and Held-to-maturity [Abstract]
Available-for-sale Securities, Amortized Cost	$ 65,498	$ 45,353
Securities available for sale debt securities, unrealized gains	243	257
Securities available for sale debt securities, unrealized losses	(3,702)	(3,825)
Securities available for sale debt securities, fair value	62,039	41,785
Held-to-maturity, Amortized costs	77,693	90,784
Held-to-maturity securities, unrealized gains	78	179
Held-to-maturity securities, unrealized losses	(4,713)	(4,015)
Debt Securities, Held-to-maturity, Fair Value	73,058	86,948
Accrued Interest, held-to-maturity	242	281
Accrued interest, available-for-sale	$ 328	$ 144
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Other	Other
Debt Securities, Held-to-Maturity, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Other	Other
Debt securities, available-for-sale, allowance for credit loss	$ 86	$ 86
Debt securities, held-to-maturity, allowance for credit loss	5	6
Unrealized losses related to transfers	$ (3,400)	$ (4,200)
Fitch, AAA OR AA Rating | Credit Concentration Risk | Investments
Debt Securities, Available-for-sale and Held-to-maturity [Abstract]
Concentration risk, percentage	97%	97%
U.S. Treasury and government agencies
Debt Securities, Available-for-sale and Held-to-maturity [Abstract]
Available-for-sale Securities, Amortized Cost	$ 23,962	$ 7,596
Securities available for sale debt securities, unrealized gains	25	22
Securities available for sale debt securities, unrealized losses	(436)	(667)
Securities available for sale debt securities, fair value	23,551	6,951
Held-to-maturity, Amortized costs	29,420	36,529
Held-to-maturity securities, unrealized gains		9
Held-to-maturity securities, unrealized losses	(896)	(1,141)
Debt Securities, Held-to-maturity, Fair Value	28,524	35,397
Agency
Debt Securities, Available-for-sale and Held-to-maturity [Abstract]
Available-for-sale Securities, Amortized Cost	33,589	30,643
Securities available for sale debt securities, unrealized gains	28	46
Securities available for sale debt securities, unrealized losses	(2,991)	(2,809)
Securities available for sale debt securities, fair value	30,626	27,880
Held-to-maturity, Amortized costs	40,171	42,686
Held-to-maturity securities, unrealized gains	16	92
Held-to-maturity securities, unrealized losses	(3,696)	(2,733)
Debt Securities, Held-to-maturity, Fair Value	36,491	40,045
Non-agency
Debt Securities, Available-for-sale and Held-to-maturity [Abstract]
Available-for-sale Securities, Amortized Cost	504	585
Securities available for sale debt securities, unrealized gains	105	118
Securities available for sale debt securities, unrealized losses	(6)	(7)
Securities available for sale debt securities, fair value	603	696
Held-to-maturity, Amortized costs	240	259
Held-to-maturity securities, unrealized gains
Held-to-maturity securities, unrealized losses	(21)	(17)
Debt Securities, Held-to-maturity, Fair Value	219	242
Agency
Debt Securities, Available-for-sale and Held-to-maturity [Abstract]
Available-for-sale Securities, Amortized Cost	2,077	1,680
Securities available for sale debt securities, unrealized gains	1	1
Securities available for sale debt securities, unrealized losses	(133)	(135)
Securities available for sale debt securities, fair value	1,945	1,546
Held-to-maturity, Amortized costs	955	939
Held-to-maturity securities, unrealized gains	3	9
Held-to-maturity securities, unrealized losses	(28)	(23)
Debt Securities, Held-to-maturity, Fair Value	930	925
Non-agency
Debt Securities, Available-for-sale and Held-to-maturity [Abstract]
Available-for-sale Securities, Amortized Cost	706	913
Securities available for sale debt securities, unrealized gains		1
Securities available for sale debt securities, unrealized losses	(15)	(45)
Securities available for sale debt securities, fair value	691	869
Held-to-maturity, Amortized costs	836	1,373
Held-to-maturity securities, unrealized gains	3	2
Held-to-maturity securities, unrealized losses	(7)	(27)
Debt Securities, Held-to-maturity, Fair Value	832	1,348
Asset-backed Securities
Debt Securities, Available-for-sale and Held-to-maturity [Abstract]
Available-for-sale Securities, Amortized Cost	2,353	1,092
Securities available for sale debt securities, unrealized gains	42	25
Securities available for sale debt securities, unrealized losses	(3)	(1)
Securities available for sale debt securities, fair value	2,392	1,116
Held-to-maturity, Amortized costs	3,380	5,890
Held-to-maturity securities, unrealized gains	37	17
Held-to-maturity securities, unrealized losses	(16)	(39)
Debt Securities, Held-to-maturity, Fair Value	3,401	5,868
Other debt
Debt Securities, Available-for-sale and Held-to-maturity [Abstract]
Available-for-sale Securities, Amortized Cost	2,307	2,844
Securities available for sale debt securities, unrealized gains	42	44
Securities available for sale debt securities, unrealized losses	(118)	(161)
Securities available for sale debt securities, fair value	2,231	2,727
Held-to-maturity, Amortized costs	2,691	3,108
Held-to-maturity securities, unrealized gains	19	50
Held-to-maturity securities, unrealized losses	(49)	(35)
Debt Securities, Held-to-maturity, Fair Value	$ 2,661	$ 3,123

Investment Securities (Narrativ

Investment Securities (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Net unsettled investment purchases		$ 1,200	$ 100
Investment securities, allowance for credit loss		91	92
Pretax loss from derivatives		275	293
Securities available-for-sale	$ 3,800
Loss on available for sale securities sold	$ 497	$ 502	$ 2	$ 18

Investment Securities (Gross Un

Investment Securities (Gross Unrealized Loss and Fair Value of Securities Available for Sale Without an Allowance for Credit Losses) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Unrealized loss position less than 12 months	$ (147)	$ (8)
Unrealized loss position less than 12 months	24,489	1,108
Unrealized loss position 12 months or more	(3,534)	(3,792)
Unrealized loss position 12 months or more	25,149	34,766
Total	(3,681)	(3,800)
Total	49,638	35,874
U.S. Treasury and government agencies
Debt Securities, Available-for-sale [Line Items]
Unrealized loss position less than 12 months	(70)
Unrealized loss position less than 12 months	17,500
Unrealized loss position 12 months or more	(366)	(666)
Unrealized loss position 12 months or more	1,824	6,035
Total	(436)	(666)
Total	19,324	6,035
Residential mortgage-backed Securities | Mortgage-backed Securities Agency
Debt Securities, Available-for-sale [Line Items]
Unrealized loss position less than 12 months	(65)	(4)
Unrealized loss position less than 12 months	6,163	1,015
Unrealized loss position 12 months or more	(2,926)	(2,805)
Unrealized loss position 12 months or more	19,595	24,306
Total	(2,991)	(2,809)
Total	25,758	25,321
Residential mortgage-backed Securities | Mortgage-backed Securities Non-agency
Debt Securities, Available-for-sale [Line Items]
Unrealized loss position less than 12 months		(1)
Unrealized loss position less than 12 months		15
Unrealized loss position 12 months or more	(3)	(4)
Unrealized loss position 12 months or more	41	84
Total	(3)	(5)
Total	41	99
Commercial Mortgage-Backed Securities | Mortgage-backed Securities Agency
Debt Securities, Available-for-sale [Line Items]
Unrealized loss position less than 12 months	(8)
Unrealized loss position less than 12 months	501
Unrealized loss position 12 months or more	(125)	(135)
Unrealized loss position 12 months or more	1,388	1,495
Total	(133)	(135)
Total	1,889	1,495
Commercial Mortgage-Backed Securities | Mortgage-backed Securities Non-agency
Debt Securities, Available-for-sale [Line Items]
Unrealized loss position less than 12 months
Unrealized loss position less than 12 months
Unrealized loss position 12 months or more	(15)	(45)
Unrealized loss position 12 months or more	559	731
Total	(15)	(45)
Total	559	731
Asset-backed
Debt Securities, Available-for-sale [Line Items]
Unrealized loss position less than 12 months	(2)
Unrealized loss position less than 12 months	226
Unrealized loss position 12 months or more	(1)	(1)
Unrealized loss position 12 months or more	8	9
Total	(3)	(1)
Total	234	9
Other debt
Debt Securities, Available-for-sale [Line Items]
Unrealized loss position less than 12 months	(2)	(3)
Unrealized loss position less than 12 months	99	78
Unrealized loss position 12 months or more	(98)	(136)
Unrealized loss position 12 months or more	1,734	2,106
Total	(100)	(139)
Total	$ 1,833	$ 2,184

Investment Securities (Gains (L

Investment Securities (Gains (Losses) on Sales of Securities Available for Sale) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Gross Gains		$ 2		$ 11
Gross Losses	$ (497)	(502)	(2)	(18)
Net Gains (Losses)		(500)	(2)	(7)
Tax Expense (Benefit)		$ (105)		$ (1)

Investment Securities (Contract

Investment Securities (Contractual Maturity of Debt Securities) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Available for Sale Securities, Amortized Cost, 1 year or less	$ 873
Available for Sale Securities, Amortized Cost, After 1 year through 5 years	14,228
Available for Sale Securities, Amortized Cost, After 5 years through 10 years	15,633
Available for Sale Securities, Amortized Cost, After 10 years	34,764
Available-for-sale Securities, Amortized Cost	65,498	$ 45,353
Available-for-sale Securities, Fair value, 1 year or less	870
Available-for-sale Securities, Fair value, After 1 year through 5 years	14,074
Available-for-sale Securities, Fair value, After 5 years through 10 years	15,287
Available-for-sale Securities, Fair Value, After 10 years	31,808
Available-for-sale Securities, Fair Value	$ 62,039	41,785
Weighted-average yield, GAAP basis, available for sale securities	3.80%
Held-to-maturity Securities, Amortized Cost, 1 year or less	$ 8,515
Held-to-maturity Securities, Amortized Cost, After 1 year through 5 years	20,870
Held-to-maturity Securities, Amortized Cost, After 5 years through 10 years	4,037
Held-to-maturity Securities, Amortized Cost, After 10 years	44,271
Held-to-maturity, Amortized costs	77,693	90,784
Held-to-maturity Securities, Fair Value, 1 year or less	8,448
Held-to-maturity Securities, Fair Value, After 1 year through 5 years	20,271
Held-to-maturity, Securities, Fair Value, After 5 through 10 years	3,856
Held-to-maturity, Securities, Fair Value, After 10 years	40,483
Debt Securities, Held-to-maturity, Fair Value	$ 73,058	86,948
Weighted-average yield, GAAP basis, held to maturity securities	2.44%
One Year or Less
Debt Securities, Available-for-sale [Line Items]
Weighted-average yield, GAAP basis, available for sale securities	2.75%
Weighted-average yield, GAAP basis, held to maturity securities	1.36%
After One Year Through Five Years
Debt Securities, Available-for-sale [Line Items]
Weighted-average yield, GAAP basis, available for sale securities	3.69%
Weighted-average yield, GAAP basis, held to maturity securities	1.72%
After Five Years Through Ten Years
Debt Securities, Available-for-sale [Line Items]
Weighted-average yield, GAAP basis, available for sale securities	4.10%
Weighted-average yield, GAAP basis, held to maturity securities	3.05%
After Ten Years
Debt Securities, Available-for-sale [Line Items]
Weighted-average yield, GAAP basis, available for sale securities	3.73%
Weighted-average yield, GAAP basis, held to maturity securities	2.93%
U.S. Treasury and government agencies
Debt Securities, Available-for-sale [Line Items]
Available for Sale Securities, Amortized Cost, 1 year or less	$ 512
Available for Sale Securities, Amortized Cost, After 1 year through 5 years	10,325
Available for Sale Securities, Amortized Cost, After 5 years through 10 years	10,849
Available for Sale Securities, Amortized Cost, After 10 years	2,276
Available-for-sale Securities, Amortized Cost	23,962	7,596
Available-for-sale Securities, Fair Value	23,551	6,951
Held-to-maturity Securities, Amortized Cost, 1 year or less	8,211
Held-to-maturity Securities, Amortized Cost, After 1 year through 5 years	18,783
Held-to-maturity Securities, Amortized Cost, After 5 years through 10 years	1,563
Held-to-maturity Securities, Amortized Cost, After 10 years	863
Held-to-maturity, Amortized costs	29,420	36,529
Debt Securities, Held-to-maturity, Fair Value	28,524	35,397
Residential mortgage-backed Securities | Mortgage-backed Securities Agency
Debt Securities, Available-for-sale [Line Items]
Available for Sale Securities, Amortized Cost, 1 year or less	4
Available for Sale Securities, Amortized Cost, After 1 year through 5 years	226
Available for Sale Securities, Amortized Cost, After 5 years through 10 years	3,627
Available for Sale Securities, Amortized Cost, After 10 years	29,732
Available-for-sale Securities, Amortized Cost	33,589
Held-to-maturity Securities, Amortized Cost, 1 year or less
Held-to-maturity Securities, Amortized Cost, After 1 year through 5 years	7
Held-to-maturity Securities, Amortized Cost, After 5 years through 10 years	290
Held-to-maturity Securities, Amortized Cost, After 10 years	39,874
Held-to-maturity, Amortized costs	40,171
Residential mortgage-backed Securities | Mortgage-backed Securities Non-agency
Debt Securities, Available-for-sale [Line Items]
Available for Sale Securities, Amortized Cost, 1 year or less
Available for Sale Securities, Amortized Cost, After 1 year through 5 years
Available for Sale Securities, Amortized Cost, After 5 years through 10 years	18
Available for Sale Securities, Amortized Cost, After 10 years	486
Available-for-sale Securities, Amortized Cost	504
Held-to-maturity Securities, Amortized Cost, 1 year or less
Held-to-maturity Securities, Amortized Cost, After 1 year through 5 years
Held-to-maturity Securities, Amortized Cost, After 5 years through 10 years
Held-to-maturity Securities, Amortized Cost, After 10 years	240
Held-to-maturity, Amortized costs	240
Commercial Mortgage-Backed Securities | Mortgage-backed Securities Agency
Debt Securities, Available-for-sale [Line Items]
Available for Sale Securities, Amortized Cost, 1 year or less	73
Available for Sale Securities, Amortized Cost, After 1 year through 5 years	1,101
Available for Sale Securities, Amortized Cost, After 5 years through 10 years	475
Available for Sale Securities, Amortized Cost, After 10 years	428
Available-for-sale Securities, Amortized Cost	2,077
Held-to-maturity Securities, Amortized Cost, 1 year or less
Held-to-maturity Securities, Amortized Cost, After 1 year through 5 years	278
Held-to-maturity Securities, Amortized Cost, After 5 years through 10 years	469
Held-to-maturity Securities, Amortized Cost, After 10 years	208
Held-to-maturity, Amortized costs	955
Commercial Mortgage-Backed Securities | Mortgage-backed Securities Non-agency
Debt Securities, Available-for-sale [Line Items]
Available for Sale Securities, Amortized Cost, 1 year or less	1
Available for Sale Securities, Amortized Cost, After 1 year through 5 years	103
Available for Sale Securities, Amortized Cost, After 5 years through 10 years	84
Available for Sale Securities, Amortized Cost, After 10 years	518
Available-for-sale Securities, Amortized Cost	706
Held-to-maturity Securities, Amortized Cost, 1 year or less
Held-to-maturity Securities, Amortized Cost, After 1 year through 5 years	39
Held-to-maturity Securities, Amortized Cost, After 5 years through 10 years
Held-to-maturity Securities, Amortized Cost, After 10 years	797
Held-to-maturity, Amortized costs	836
Asset-backed
Debt Securities, Available-for-sale [Line Items]
Available for Sale Securities, Amortized Cost, 1 year or less
Available for Sale Securities, Amortized Cost, After 1 year through 5 years	850
Available for Sale Securities, Amortized Cost, After 5 years through 10 years	319
Available for Sale Securities, Amortized Cost, After 10 years	1,184
Available-for-sale Securities, Amortized Cost	2,353
Held-to-maturity Securities, Amortized Cost, 1 year or less
Held-to-maturity Securities, Amortized Cost, After 1 year through 5 years	967
Held-to-maturity Securities, Amortized Cost, After 5 years through 10 years	1,393
Held-to-maturity Securities, Amortized Cost, After 10 years	1,020
Held-to-maturity, Amortized costs	3,380
Other debt
Debt Securities, Available-for-sale [Line Items]
Available for Sale Securities, Amortized Cost, 1 year or less	283
Available for Sale Securities, Amortized Cost, After 1 year through 5 years	1,623
Available for Sale Securities, Amortized Cost, After 5 years through 10 years	261
Available for Sale Securities, Amortized Cost, After 10 years	140
Available-for-sale Securities, Amortized Cost	2,307	2,844
Available-for-sale Securities, Fair Value	2,231	2,727
Held-to-maturity Securities, Amortized Cost, 1 year or less	304
Held-to-maturity Securities, Amortized Cost, After 1 year through 5 years	796
Held-to-maturity Securities, Amortized Cost, After 5 years through 10 years	322
Held-to-maturity Securities, Amortized Cost, After 10 years	1,269
Held-to-maturity, Amortized costs	2,691	3,108
Debt Securities, Held-to-maturity, Fair Value	$ 2,661	$ 3,123

Investment Securities (Fair Val

Investment Securities (Fair Value of Securities Pledged and Accepted as Collateral) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Summary of Investment Holdings [Line Items]
Permitted by contract or custom to sell or repledge	$ 1,231	$ 755
Permitted amount repledged to others	1,231	755
Asset Pledged as Collateral
Summary of Investment Holdings [Line Items]
Pledged to others	$ 69,330	$ 29,878

Loans and Related Allowance f_3

Loans and Related Allowance for Credit Losses (Analysis of Loan Portfolio) (Details) - USD ($) $ in Millions		Dec. 31, 2024	Dec. 31, 2023
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans	[1]	$ 316,467	$ 321,508
Percentage of total loans, past due		100%	100%
Accrued interest on loan portfolio		$ 1,300	$ 1,500
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]		Other	Other
Unearned income, unamortized deferred fees and costs on originated loans, and premiums or discounts on purchased loans		$ 1,000	$ 1,000
Collateral Pledged
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		1,600	1,400
Total Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		$ 1,382	$ 1,384
Percentage of total loans, past due		0.44%	0.43%
Current or Less Than 30 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		$ 312,223	$ 317,359
Percentage of total loans, past due		98.66%	98.71%
30-59 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		$ 697	$ 685
Percentage of total loans, past due		0.22%	0.21%
60-89 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		$ 288	$ 270
Percentage of total loans, past due		0.09%	0.08%
90 Days or More Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		$ 397	$ 429
Percentage of total loans, past due		0.13%	0.13%
Nonperforming Loans
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		$ 2,326	$ 2,180
Percentage of total loans, past due		0.73%	0.68%
Fair Value Option Nonaccrual Loans
Financing Receivable. Recorded Investment, Past Due [Line Items]
Nonaccrual loans		$ 536	$ 585
Percentage of total loans, nonaccrual, past due		0.17%	0.18%
Residential real estate
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		$ 46,415	$ 47,544
Residential real estate | Government insured or guaranteed loans
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		620	653
Home equity
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		25,991	26,150
Education
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		1,636	1,945
Other consumer
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		4,027	4,271
Commercial
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		216,164	219,558
Commercial | Total Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		370	290
Commercial | Current or Less Than 30 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		214,332	217,961
Commercial | 30-59 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		225	152
Commercial | 60-89 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		73	53
Commercial | 90 Days or More Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		72	85
Commercial | Nonperforming Loans
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		1,462	1,307
Commercial | Commercial and industrial
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		175,790	177,580
Commercial | Commercial and industrial | Total Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		274	225
Commercial | Commercial and industrial | Current or Less Than 30 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		174,988	176,796
Commercial | Commercial and industrial | 30-59 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		159	104
Commercial | Commercial and industrial | 60-89 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		43	45
Commercial | Commercial and industrial | 90 Days or More Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		72	76
Commercial | Commercial and industrial | Nonperforming Loans
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		528	559
Commercial | Commercial real estate
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		33,619	35,436
Commercial | Commercial real estate | Total Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		43	16
Commercial | Commercial real estate | Current or Less Than 30 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		32,657	34,685
Commercial | Commercial real estate | 30-59 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		25	7
Commercial | Commercial real estate | 60-89 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		18
Commercial | Commercial real estate | 90 Days or More Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans			9
Commercial | Commercial real estate | Nonperforming Loans
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		919	735
Commercial | Equipment lease financing
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		6,755	6,542
Commercial | Equipment lease financing | Total Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		53	49
Commercial | Equipment lease financing | Current or Less Than 30 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		6,687	6,480
Commercial | Equipment lease financing | 30-59 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		41	41
Commercial | Equipment lease financing | 60-89 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		12	8
Commercial | Equipment lease financing | 90 Days or More Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans
Commercial | Equipment lease financing | Nonperforming Loans
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		15	13
Consumer
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		100,303	101,950
Consumer | Total Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		1,012	1,094
Consumer | Current or Less Than 30 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		97,891	99,398
Consumer | 30-59 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		472	533
Consumer | 60-89 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		215	217
Consumer | 90 Days or More Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		325	344
Consumer | Nonperforming Loans
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		864	873
Consumer | Fair Value Option Nonaccrual Loans
Financing Receivable. Recorded Investment, Past Due [Line Items]
Nonaccrual loans		536	585
Consumer | Residential real estate
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		46,415	47,544
Consumer | Residential real estate | Total Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		528	575
Consumer | Residential real estate | Total Past Due | Government insured or guaranteed loans
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		300	300
Consumer | Residential real estate | Current or Less Than 30 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		45,134	46,159
Consumer | Residential real estate | 30-59 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		234	282
Consumer | Residential real estate | 60-89 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		106	101
Consumer | Residential real estate | 90 Days or More Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		188	192
Consumer | Residential real estate | Nonperforming Loans
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		278	294
Consumer | Residential real estate | Fair Value Option Nonaccrual Loans
Financing Receivable. Recorded Investment, Past Due [Line Items]
Nonaccrual loans		475	516
Consumer | Home equity
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		25,991	26,150
Consumer | Home equity | Total Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		97	90
Consumer | Home equity | Current or Less Than 30 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		25,351	25,533
Consumer | Home equity | 30-59 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		71	63
Consumer | Home equity | 60-89 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		26	27
Consumer | Home equity | 90 Days or More Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans
Consumer | Home equity | Nonperforming Loans
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		482	458
Consumer | Home equity | Fair Value Option Nonaccrual Loans
Financing Receivable. Recorded Investment, Past Due [Line Items]
Nonaccrual loans		61	69
Consumer | Automobile
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		15,355	14,860
Consumer | Automobile | Total Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		114	118
Consumer | Automobile | Current or Less Than 30 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		15,155	14,638
Consumer | Automobile | 30-59 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		83	91
Consumer | Automobile | 60-89 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		22	20
Consumer | Automobile | 90 Days or More Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		9	7
Consumer | Automobile | Nonperforming Loans
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		86	104
Consumer | Credit card
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		6,879	7,180
Consumer | Credit card | Total Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		168	179
Consumer | Credit card | Current or Less Than 30 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		6,696	6,991
Consumer | Credit card | 30-59 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		49	54
Consumer | Credit card | 60-89 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		38	39
Consumer | Credit card | 90 Days or More Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		81	86
Consumer | Credit card | Nonperforming Loans
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		15	10
Consumer | Education
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		1,636	1,945
Consumer | Education | Total Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		79	95
Consumer | Education | Total Past Due | Government insured or guaranteed loans
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		100	100
Consumer | Education | Current or Less Than 30 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		1,557	1,850
Consumer | Education | 30-59 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		25	27
Consumer | Education | 60-89 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		15	19
Consumer | Education | 90 Days or More Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		39	49
Consumer | Education | Nonperforming Loans
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans
Consumer | Other consumer
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		4,027	4,271
Consumer | Other consumer | Total Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		26	37
Consumer | Other consumer | Current or Less Than 30 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		3,998	4,227
Consumer | Other consumer | 30-59 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		10	16
Consumer | Other consumer | 60-89 Days Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		8	11
Consumer | Other consumer | 90 Days or More Past Due
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		8	10
Consumer | Other consumer | Nonperforming Loans
Financing Receivable. Recorded Investment, Past Due [Line Items]
Total loans		$ 3	$ 7
[1] Our consolidated assets included the following for which we have elected the fair value option: Loans held for sale of $0.8 billion, Loans of $1.2 billion and Other assets of $0.1 billion at December 31, 2024. Comparable amounts at December 31, 2023 were $0.7 billion, $1.2 billion and $0.1 billion, respectively.

Loans and Related Allowance f_4

Loans and Related Allowance for Credit Losses (Narrative) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) portfolio_segment	Dec. 31, 2022 USD ($)	Dec. 31, 2023 USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
Number of portfolio segments | portfolio_segment	2
Financing receivable, after allowance for credit loss	$ 311,981		$ 316,717
Subsequently defaulted FDM/TDR		$ 100
Allowance for credit loss and off-balance sheet liability	$ 5,205	$ 5,435	5,454
Short-Term Repayment Plan
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification	4.99%
Fully-amortized Repayment Plans
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable program term	60 months
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification	4.99%
Minimum | Short-Term Repayment Plan
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable program term	6 months
Financing receivable minimum payment percentage	1.90%
Minimum | Fully-amortized Repayment Plans
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable minimum payment percentage	1.90%
Maximum | Short-Term Repayment Plan
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable program term	12 months
Federal Reserve Bank | Asset Pledged as Collateral without Right
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, after allowance for credit loss	$ 43,400		51,300
Federal Home Loan Bank | Asset Pledged as Collateral without Right
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, after allowance for credit loss	$ 89,000		$ 89,500

Loans and Related Allowance f_5

Loans and Related Allowance for Credit Losses (Nonperforming Assets) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Financing receivable, nonaccrual, no allowance	$ 600	$ 500
Nonperforming
Total nonperforming loans	2,326	2,180
OREO and Foreclosed Assets	31	36
Total nonperforming assets	$ 2,357	$ 2,216
Nonperforming loans to total loans	0.73%	0.68%
Nonperforming assets to total loans, OREO and foreclosed assets	0.74%	0.69%
Nonperforming assets to total assets	0.42%	0.39%
Minimum
Threshold period of financing receivable past due, writeoff	120 days
Maximum
Threshold period of financing receivable past due, writeoff	180 days
Commercial | Nonperforming
Total nonperforming loans	$ 1,462	$ 1,307
Consumer | Nonperforming
Total nonperforming loans	$ 864	$ 873

Loans and Related Allowance f_6

Loans and Related Allowance for Credit Losses (Commercial Quality Indicators) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total loans, net	[1]	$ 316,467	$ 321,508
Gross charge-offs
Total		1,435	1,092	$ 985
Commercial
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		27,243	29,806
Year two		21,946	39,814
Year three		28,948	12,512
Year four		9,106	9,535
Year five		6,922	10,387
Prior		24,723	23,271
Revolving Loans		96,705	93,609
Revolving Loans Converted to Term		571	624
Total loans, net		216,164	219,558
Gross charge-offs
Year One		51	29
Year Two		43	36
Year Three		63	37
Year Four		32	24
Year Five		10	35
Prior		335	164
Revolving Loans		133	105
Revolving Loans Converted to Term		53	12
Total		720	442	$ 307
Commercial | Commercial and industrial
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		22,906	23,857
Year two		14,693	28,438
Year three		18,899	8,301
Year four		5,876	6,114
Year five		4,738	4,391
Prior		11,850	12,680
Revolving Loans		96,257	93,175
Revolving Loans Converted to Term		571	624
Total loans, net		175,790	177,580
Gross charge-offs
Year One		22	25
Year Two		32	32
Year Three		51	33
Year Four		25	8
Year Five		5	3
Prior		7	26
Revolving Loans		133	105
Revolving Loans Converted to Term		53	12
Total		328	244
Commercial | Commercial real estate
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		2,472	4,337
Year two		5,910	9,871
Year three		8,849	3,441
Year four		2,717	2,680
Year five		1,685	5,509
Prior		11,538	9,164
Revolving Loans		448	434
Total loans, net		33,619	35,436
Gross charge-offs
Year One		28
Year Two		5
Year Three
Year Four		2	12
Year Five		1	31
Prior		322	137
Total		358	180
Commercial | Equipment lease financing
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		1,865	1,612
Year two		1,343	1,505
Year three		1,200	770
Year four		513	741
Year five		499	487
Prior		1,335	1,427
Total loans, net		6,755	6,542
Gross charge-offs
Year One		1	4
Year Two		6	4
Year Three		12	4
Year Four		5	4
Year Five		4	1
Prior		6	1
Total		34	18
Pass Rated | Commercial | Commercial and industrial
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		22,145	23,019
Year two		13,815	26,657
Year three		17,043	7,562
Year four		5,275	5,783
Year five		4,594	4,110
Prior		11,270	11,982
Revolving Loans		91,389	88,467
Revolving Loans Converted to Term		522	573
Total loans, net		166,053	168,153
Pass Rated | Commercial | Commercial real estate
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		2,331	4,182
Year two		5,575	8,571
Year three		6,875	2,986
Year four		2,232	2,190
Year five		1,220	4,887
Prior		9,685	7,411
Revolving Loans		423	383
Total loans, net		28,341	30,610
Pass Rated | Commercial | Equipment lease financing
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		1,814	1,522
Year two		1,264	1,424
Year three		1,112	689
Year four		478	690
Year five		478	452
Prior		1,305	1,378
Total loans, net		6,451	6,155
Criticized | Commercial | Commercial and industrial
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		761	838
Year two		878	1,781
Year three		1,856	739
Year four		601	331
Year five		144	281
Prior		580	698
Revolving Loans		4,868	4,708
Revolving Loans Converted to Term		49	51
Total loans, net		9,737	9,427
Criticized | Commercial | Commercial real estate
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		141	155
Year two		335	1,300
Year three		1,974	455
Year four		485	490
Year five		465	622
Prior		1,853	1,753
Revolving Loans		25	51
Total loans, net		5,278	4,826
Criticized | Commercial | Equipment lease financing
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		51	90
Year two		79	81
Year three		88	81
Year four		35	51
Year five		21	35
Prior		30	49
Total loans, net		$ 304	$ 387
[1] Our consolidated assets included the following for which we have elected the fair value option: Loans held for sale of $0.8 billion, Loans of $1.2 billion and Other assets of $0.1 billion at December 31, 2024. Comparable amounts at December 31, 2023 were $0.7 billion, $1.2 billion and $0.1 billion, respectively.

Loans and Related Allowance f_7

Loans and Related Allowance for Credit Losses (Credit Quality Indicators for Residential Real Estate and Home Equity Loan Classes) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total loans, net	[1]	$ 316,467	$ 321,508
Gross charge-offs
Total		1,435	1,092	$ 985
Residential real estate
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		2,645	5,335
Year two		4,595	10,064
Year three		9,512	15,484
Year four		14,637	6,832
Year five		6,344	2,270
Prior		8,682	7,559
Total loans, net		46,415	47,544
Gross charge-offs
Year One
Year Two			2
Year Three			1
Year Four		1	1
Year Five
Prior		2	4
Revolving Loans
Revolving Loans Converted to Term
Total		3	8
Residential real estate | FICO Score, Greater Than Or Equal To 780
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		1,730	3,206
Year two		3,264	7,797
Year three		7,584	12,197
Year four		11,723	5,035
Year five		4,683	1,492
Prior		4,858	4,004
Total loans, net		33,842	33,731
Residential real estate | FICO Score, 720 to 779
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		789	1,482
Year two		805	1,659
Year three		1,406	2,389
Year four		2,035	1,107
Year five		1,004	432
Prior		1,567	1,388
Total loans, net		7,606	8,457
Residential real estate | FICO Score, 660 to 719
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		115	400
Year two		270	508
Year three		401	657
Year four		620	334
Year five		324	171
Prior		784	721
Total loans, net		2,514	2,791
Residential real estate | FICO Score, Less Than 660
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		9	93
Year two		108	71
Year three		90	133
Year four		156	122
Year five		116	82
Prior		696	680
Total loans, net		1,175	1,181
Residential real estate | No FICO score available
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		1	140
Year two		132	9
Year three		8	92
Year four		86	168
Year five		151	56
Prior		280	266
Total loans, net		658	731
Residential real estate | Government insured or guaranteed loans
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		1	14
Year two		16	20
Year three		23	16
Year four		17	66
Year five		66	37
Prior		497	500
Total loans, net		620	653
Residential real estate | Greater than 100%
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		10	15
Year two		55	139
Year three		85	79
Year four		52	31
Year five		23	10
Prior		32	28
Total loans, net		257	302
Residential real estate | Greater than or equal to 80% to 100%
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		591	1,665
Year two		485	1,928
Year three		954	955
Year four		601	221
Year five		171	69
Prior		111	92
Total loans, net		2,913	4,930
Residential real estate | Less than 80%
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		2,043	3,585
Year two		4,039	7,977
Year three		8,450	14,421
Year four		13,958	6,514
Year five		6,084	2,154
Prior		8,039	6,935
Total loans, net		42,613	41,586
Residential real estate | No LTV available
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one			56
Year two
Year three			13
Year four		9
Year five
Prior		3	4
Total loans, net		12	73
Home equity
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one
Year two
Year three			162
Year four		147	1,918
Year five		1,713	868
Prior		2,854	2,592
Revolving Loans		8,373	8,265
Revolving Loans Converted to Term		12,904	12,345
Total loans, net		25,991	26,150
Gross charge-offs
Year One
Year Two
Year Three
Year Four
Year Five
Prior		1	4
Revolving Loans		16	7
Revolving Loans Converted to Term		19	10
Total		36	21
Home equity | FICO Score, Greater Than Or Equal To 780
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one
Year two
Year three			102
Year four		94	1,254
Year five		1,145	489
Prior		1,753	1,605
Revolving Loans		4,720	4,604
Revolving Loans Converted to Term		6,211	6,083
Total loans, net		13,923	14,137
Home equity | FICO Score, 720 to 779
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one
Year two
Year three			38
Year four		34	423
Year five		352	216
Prior		572	488
Revolving Loans		2,251	2,222
Revolving Loans Converted to Term		3,274	3,225
Total loans, net		6,483	6,612
Home equity | FICO Score, 660 to 719
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one
Year two
Year three			17
Year four		14	174
Year five		151	110
Prior		289	271
Revolving Loans		1,193	1,207
Revolving Loans Converted to Term		2,085	1,894
Total loans, net		3,732	3,673
Home equity | FICO Score, Less Than 660
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one
Year two
Year three			5
Year four		5	65
Year five		63	52
Prior		234	220
Revolving Loans		202	223
Revolving Loans Converted to Term		1,290	1,089
Total loans, net		1,794	1,654
Home equity | No FICO score available
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one
Year two
Year three
Year four			2
Year five		2	1
Prior		6	8
Revolving Loans		7	9
Revolving Loans Converted to Term		44	54
Total loans, net		59	74
Home equity | Greater than 100%
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one
Year two
Year three			1
Year four		1	12
Year five		12	6
Prior		17	14
Revolving Loans		368	306
Revolving Loans Converted to Term		372	309
Total loans, net		770	648
Home equity | Greater than or equal to 80% to 100%
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one
Year two
Year three			4
Year four		5	40
Year five		31	17
Prior		30	22
Revolving Loans		1,098	1,116
Revolving Loans Converted to Term		1,619	1,743
Total loans, net		2,783	2,942
Home equity | Less than 80%
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one
Year two
Year three			157
Year four		141	1,866
Year five		1,670	845
Prior		2,807	2,556
Revolving Loans		6,907	6,843
Revolving Loans Converted to Term		10,913	10,293
Total loans, net		$ 22,438	$ 22,560
[1] Our consolidated assets included the following for which we have elected the fair value option: Loans held for sale of $0.8 billion, Loans of $1.2 billion and Other assets of $0.1 billion at December 31, 2024. Comparable amounts at December 31, 2023 were $0.7 billion, $1.2 billion and $0.1 billion, respectively.

Loans and Related Allowance f_8

Loans and Related Allowance for Credit Losses (Credit Quality Indicators for Automobile, Credit Card, Education and Other Consumer Loan Classes) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total loans, net	[1]	$ 316,467	$ 321,508
Gross charge-offs
Total		1,435	1,092	$ 985
Automobile
Gross charge-offs
Year One		9	8
Year Two		44	24
Year Three		27	22
Year Four		17	17
Year Five		12	30
Prior		22	20
Total		131	121
Automobile | Using FICO Credit Metric
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		6,544	5,797
Year two		3,862	3,630
Year three		2,328	2,912
Year four		1,681	1,174
Year five		539	1,004
Prior		401	343
Total loans, net		15,355	14,860
Automobile | FICO Score, Greater Than Or Equal To 780 | Using FICO Credit Metric
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		3,288	2,722
Year two		1,717	1,650
Year three		1,094	1,483
Year four		865	535
Year five		241	368
Prior		125	88
Total loans, net		7,330	6,846
Automobile | FICO Score, 720 to 779 | Using FICO Credit Metric
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		2,047	1,797
Year two		1,123	1,104
Year three		636	778
Year four		415	301
Year five		129	250
Prior		90	80
Total loans, net		4,440	4,310
Automobile | FICO Score, 660 to 719 | Using FICO Credit Metric
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		963	1,014
Year two		671	604
Year three		367	408
Year four		227	186
Year five		82	186
Prior		74	70
Total loans, net		2,384	2,468
Automobile | FICO Score, Less Than 660 | Using FICO Credit Metric
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		246	264
Year two		351	272
Year three		231	243
Year four		174	152
Year five		87	200
Prior		112	105
Total loans, net		1,201	1,236
Credit card
Gross charge-offs
Revolving Loans		316	290
Revolving Loans Converted to Term		39	29
Total		355	319
Credit card | Using FICO Credit Metric
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Revolving Loans		6,797	7,111
Revolving Loans Converted to Term		82	69
Total loans, net		6,879	7,180
Credit card | FICO Score, Greater Than Or Equal To 780 | Using FICO Credit Metric
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Revolving Loans		2,090	2,017
Revolving Loans Converted to Term		2	1
Total loans, net		2,092	2,018
Credit card | FICO Score, 720 to 779 | Using FICO Credit Metric
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Revolving Loans		1,859	1,976
Revolving Loans Converted to Term		5	4
Total loans, net		1,864	1,980
Credit card | FICO Score, 660 to 719 | Using FICO Credit Metric
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Revolving Loans		1,815	1,979
Revolving Loans Converted to Term		16	13
Total loans, net		1,831	1,992
Credit card | FICO Score, Less Than 660 | Using FICO Credit Metric
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Revolving Loans		936	1,036
Revolving Loans Converted to Term		57	48
Total loans, net		993	1,084
Credit card | No FICO Score Available Or Required | Using FICO Credit Metric
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Revolving Loans		97	103
Revolving Loans Converted to Term		2	3
Total loans, net		99	106
Education
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		70	106
Year two		116	160
Year three		139	83
Year four		67	68
Year five		53	85
Prior		1,191	1,443
Total loans, net		1,636	1,945
Gross charge-offs
Year Three		1	1
Year Four		1	1
Year Five		1	2
Prior		16	13
Total		19	17
Education | Using FICO Credit Metric
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		70	106
Year two		116	160
Year three		139	83
Year four		67	68
Year five		53	85
Prior		500	538
Total loans, net		945	1,040
Education | FICO Score, Greater Than Or Equal To 780 | Using FICO Credit Metric
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		22	35
Year two		58	88
Year three		79	45
Year four		39	40
Year five		33	51
Prior		318	331
Total loans, net		549	590
Education | FICO Score, 720 to 779 | Using FICO Credit Metric
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		20	32
Year two		36	47
Year three		38	24
Year four		20	19
Year five		14	24
Prior		116	131
Total loans, net		244	277
Education | FICO Score, 660 to 719 | Using FICO Credit Metric
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		13	20
Year two		14	17
Year three		15	8
Year four		6	6
Year five		5	8
Prior		46	54
Total loans, net		99	113
Education | FICO Score, Less Than 660 | Using FICO Credit Metric
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		3	4
Year two		3	3
Year three		3	2
Year four		1	1
Year five		1	2
Prior		19	21
Total loans, net		30	33
Education | No FICO Score Available Or Required | Using FICO Credit Metric
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		12	15
Year two		5	5
Year three		4	4
Year four		1	2
Year five
Prior		1	1
Total loans, net		23	27
Education | Other Internal Credit Metrics
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior		691	905
Total loans, net		691	905
Other consumer
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		766	712
Year two		409	573
Year three		317	222
Year four		90	139
Year five		36	137
Prior		113	75
Revolving Loans		2,284	2,398
Revolving Loans Converted to Term		12	15
Total loans, net		4,027	4,271
Gross charge-offs
Year One		76	75
Year Two		27	23
Year Three		26	18
Year Four		13	14
Year Five		8	14
Prior		9	8
Revolving Loans		11	11
Revolving Loans Converted to Term		1	1
Total		171	164
Other consumer | Using FICO Credit Metric
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		760	693
Year two		400	476
Year three		240	189
Year four		78	91
Year five		25	66
Prior		23	41
Revolving Loans		228	249
Revolving Loans Converted to Term		4	5
Total loans, net		1,758	1,810
Other consumer | FICO Score, Greater Than Or Equal To 780 | Using FICO Credit Metric
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		245	241
Year two		129	127
Year three		64	47
Year four		20	21
Year five		5	14
Prior		6	11
Revolving Loans		37	39
Revolving Loans Converted to Term		1	1
Total loans, net		507	501
Other consumer | FICO Score, 720 to 779 | Using FICO Credit Metric
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		292	286
Year two		141	157
Year three		70	54
Year four		21	26
Year five		6	17
Prior		6	11
Revolving Loans		72	80
Revolving Loans Converted to Term		1	1
Total loans, net		609	632
Other consumer | FICO Score, 660 to 719 | Using FICO Credit Metric
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		203	147
Year two		97	140
Year three		72	57
Year four		22	27
Year five		8	21
Prior		6	11
Revolving Loans		79	87
Revolving Loans Converted to Term		1	2
Total loans, net		488	492
Other consumer | FICO Score, Less Than 660 | Using FICO Credit Metric
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		20	19
Year two		33	52
Year three		34	31
Year four		15	17
Year five		6	14
Prior		5	8
Revolving Loans		40	43
Revolving Loans Converted to Term		1	1
Total loans, net		154	185
Other consumer | Other Internal Credit Metrics
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one		6	19
Year two		9	97
Year three		77	33
Year four		12	48
Year five		11	71
Prior		90	34
Revolving Loans		2,056	2,149
Revolving Loans Converted to Term		8	10
Total loans, net		$ 2,269	$ 2,461
[1] Our consolidated assets included the following for which we have elected the fair value option: Loans held for sale of $0.8 billion, Loans of $1.2 billion and Other assets of $0.1 billion at December 31, 2024. Comparable amounts at December 31, 2023 were $0.7 billion, $1.2 billion and $0.1 billion, respectively.

Loans and Related Allowance f_9

Loans and Related Allowance for Credit Losses (Modified, Amortized Cost Basis) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 2,925	$ 2,270
% of Loan Class	0.92%	0.71%
Unfunded lending related commitments	$ 900	$ 400
Interest Rate Reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	14	62
Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	1,967	1,506
Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	225	170
Repayment Plan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	70	67
Interest Rate Reduction and Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	15	14
Interest Rate Reduction and Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	117	23
Payment Delay and Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	386	173
Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	131	255
Commercial and industrial | Interest Rate Reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	140	45
Commercial and industrial | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	1,260	857
Commercial and industrial | Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	203	235
Commercial real estate | Interest Rate Reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified		47
Commercial real estate | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	1,196	833
Commercial real estate | Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	326	17
Equipment lease financing | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	2
Residential real estate | Interest Rate Reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	6	7
Residential real estate | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	7	6
Residential real estate | Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	84	95
Home equity | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified		1
Home equity | Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	13	10
Education | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	5	5
Total commercial lending
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 2,721	$ 2,066
% of Loan Class	1.26%	0.94%
Total commercial lending | Interest Rate Reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 14	$ 60
Total commercial lending | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	1,961	1,499
Total commercial lending | Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	128	65
Total commercial lending | Interest Rate Reduction and Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	15	14
Total commercial lending | Interest Rate Reduction and Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	111	18
Total commercial lending | Payment Delay and Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	386	173
Total commercial lending | Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	106	237
Total commercial lending | Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 1,429	$ 1,099
% of Loan Class	0.81%	0.62%
Total commercial lending | Commercial and industrial | Interest Rate Reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 14	$ 13
Total commercial lending | Commercial and industrial | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	995	683
Total commercial lending | Commercial and industrial | Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	34	65
Total commercial lending | Commercial and industrial | Interest Rate Reduction and Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	15	14
Total commercial lending | Commercial and industrial | Interest Rate Reduction and Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	111	18
Total commercial lending | Commercial and industrial | Payment Delay and Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	154	156
Total commercial lending | Commercial and industrial | Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	106	150
Total commercial lending | Commercial real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 1,290	$ 967
% of Loan Class	3.84%	2.73%
Total commercial lending | Commercial real estate | Interest Rate Reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified		$ 47
Total commercial lending | Commercial real estate | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 964	816
Total commercial lending | Commercial real estate | Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	94
Total commercial lending | Commercial real estate | Payment Delay and Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	232	17
Total commercial lending | Commercial real estate | Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified		87
Total commercial lending | Equipment lease financing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 2
% of Loan Class	0.03%
Total commercial lending | Equipment lease financing | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 2
Total consumer lending
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 204	$ 204
% of Loan Class	0.20%	0.20%
Total consumer lending | Interest Rate Reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified		$ 2
Total consumer lending | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 6	7
Total consumer lending | Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	97	105
Total consumer lending | Repayment Plan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	70	67
Total consumer lending | Interest Rate Reduction and Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	6	5
Total consumer lending | Payment Delay and Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified
Total consumer lending | Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	25	18
Total consumer lending | Residential real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 98	$ 109
% of Loan Class	0.21%	0.23%
Total consumer lending | Residential real estate | Interest Rate Reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified		$ 2
Total consumer lending | Residential real estate | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 1	1
Total consumer lending | Residential real estate | Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	84	95
Total consumer lending | Residential real estate | Interest Rate Reduction and Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	6	5
Total consumer lending | Residential real estate | Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	7	6
Total consumer lending | Home equity
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 38	$ 31
% of Loan Class	0.15%	0.12%
Total consumer lending | Home equity | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified		$ 1
Total consumer lending | Home equity | Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	13	10
Total consumer lending | Home equity | Repayment Plan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	7	8
Total consumer lending | Home equity | Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	18	12
Total consumer lending | Credit card
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 62	$ 58
% of Loan Class	0.90%	0.81%
Total consumer lending | Credit card | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified
Total consumer lending | Credit card | Repayment Plan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	62	$ 58
Total consumer lending | Education
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 5	$ 5
% of Loan Class	0.31%	0.26%
Total consumer lending | Education | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 5	$ 5
Total consumer lending | Other consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 1	$ 1
% of Loan Class	0.02%	0.02%
Total consumer lending | Other consumer | Repayment Plan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 1	$ 1

Loans and Related Allowance _10

Loans and Related Allowance for Credit Losses (Financial Effect of Loan Modification) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 2,925	$ 2,270
Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	1,967	1,506
Interest Rate Reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	14	62
Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	225	170
Commercial and industrial | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 1,260	$ 857
Weighted average increase from modification	16 months	12 months
Commercial and industrial | Interest Rate Reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 140	$ 45
Weighted average interest rate reduction	1.42%	2.70%
Commercial and industrial | Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 203	$ 235
Weighted average payment deferral term	8 months	3 months
Commercial real estate | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 1,196	$ 833
Weighted average increase from modification	17 months	14 months
Commercial real estate | Interest Rate Reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified		$ 47
Weighted average interest rate reduction		4.54%
Commercial real estate | Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 326	$ 17
Weighted average payment deferral term	8 months	5 months
Equipment lease financing | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 2
Weighted average increase from modification	43 months
Residential real estate | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 7	$ 6
Weighted average increase from modification	94 months	80 months
Residential real estate | Interest Rate Reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 6	$ 7
Weighted average interest rate reduction	2%	1.34%
Residential real estate | Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 84	$ 95
Weighted average payment deferral term	9 months	9 months
Education | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 5	$ 5
Weighted average increase from modification	13 months	20 months
Home equity | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified		$ 1
Weighted average increase from modification		232 months
Home equity | Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis, modified	$ 13	$ 10
Weighted average payment deferral term	4 months	4 months

Loans and Related Allowance _11

Loans and Related Allowance for Credit Losses (Aging Analysis) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	$ 2,925	$ 2,270
Current or Less Than 30 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	2,116	1,756
30-59 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	15	20
60-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	8	4
90 Days or More Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	7	7
Nonperforming
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	779	483
Total commercial lending
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	2,721	2,066
Total commercial lending | Current or Less Than 30 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	2,057	1,691
Total commercial lending | 30-59 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	9	14
Total commercial lending | 60-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	4
Total commercial lending | 90 Days or More Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis
Total commercial lending | Nonperforming
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	651	361
Total commercial lending | Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	1,429	1,099
Total commercial lending | Commercial and industrial | Current or Less Than 30 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	1,191	828
Total commercial lending | Commercial and industrial | 30-59 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	9	14
Total commercial lending | Commercial and industrial | 60-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	4
Total commercial lending | Commercial and industrial | 90 Days or More Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis
Total commercial lending | Commercial and industrial | Nonperforming
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	225	257
Total commercial lending | Commercial real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	1,290	967
Total commercial lending | Commercial real estate | Current or Less Than 30 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	864	863
Total commercial lending | Commercial real estate | Nonperforming
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	426	104
Total commercial lending | Equipment lease financing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	2
Total commercial lending | Equipment lease financing | Current or Less Than 30 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	2
Total consumer lending
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	204	204
Total consumer lending | Current or Less Than 30 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	59	65
Total consumer lending | 30-59 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	6	6
Total consumer lending | 60-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	4	4
Total consumer lending | 90 Days or More Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	7	7
Total consumer lending | Nonperforming
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	128	122
Total consumer lending | Residential real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	98	109
Total consumer lending | Residential real estate | Current or Less Than 30 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	5	15
Total consumer lending | Residential real estate | 30-59 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	1	1
Total consumer lending | Residential real estate | Nonperforming
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	92	93
Total consumer lending | Home equity
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	38	31
Total consumer lending | Home equity | Current or Less Than 30 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	4	4
Total consumer lending | Home equity | Nonperforming
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	34	27
Total consumer lending | Credit card
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	62	58
Total consumer lending | Credit card | Current or Less Than 30 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	45	41
Total consumer lending | Credit card | 30-59 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	5	5
Total consumer lending | Credit card | 60-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	4	4
Total consumer lending | Credit card | 90 Days or More Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	7	7
Total consumer lending | Credit card | Nonperforming
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	1	1
Total consumer lending | Education
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	5	5
Total consumer lending | Education | Current or Less Than 30 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	5	5
Total consumer lending | Other consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	1	1
Total consumer lending | Other consumer | Nonperforming
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, aging analysis	$ 1	$ 1

Loans and Related Allowance _12

Loans and Related Allowance for Credit Losses (Subsequent Default) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	$ 323	$ 331
Interest Rate Reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default		47
Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	133	53
Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	96	196
Repayment Plan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	33	16
Payment Deferral and Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	40
Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	21	19
Total commercial lending
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	223	272
Total commercial lending | Interest Rate Reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default		46
Total commercial lending | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	133	53
Total commercial lending | Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	50	166
Total commercial lending | Payment Deferral and Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	40
Total commercial lending | Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default		7
Total commercial lending | Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	107	211
Total commercial lending | Commercial and industrial | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	87	38
Total commercial lending | Commercial and industrial | Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	17	166
Total commercial lending | Commercial and industrial | Payment Deferral and Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	3
Total commercial lending | Commercial and industrial | Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default		7
Total commercial lending | Commercial real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	116	61
Total commercial lending | Commercial real estate | Interest Rate Reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default		46
Total commercial lending | Commercial real estate | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	46	15
Total commercial lending | Commercial real estate | Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	33
Total commercial lending | Commercial real estate | Payment Deferral and Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	37
Total consumer lending
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	100	59
Total consumer lending | Interest Rate Reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default		1
Total consumer lending | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default
Total consumer lending | Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	46	30
Total consumer lending | Repayment Plan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	33	16
Total consumer lending | Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	21	12
Total consumer lending | Residential real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	51	31
Total consumer lending | Residential real estate | Interest Rate Reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default		1
Total consumer lending | Residential real estate | Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	43	28
Total consumer lending | Residential real estate | Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	8	2
Total consumer lending | Home equity
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	17	12
Total consumer lending | Home equity | Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	3	2
Total consumer lending | Home equity | Repayment Plan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	1
Total consumer lending | Home equity | Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	13	10
Total consumer lending | Credit card
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	32	16
Total consumer lending | Credit card | Repayment Plan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default	$ 32	16
Total consumer lending | Credit card | Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Subsequent default

Loans and Related Allowance _13

Loans and Related Allowance for Credit Losses (Financial Impact and TDRs by Concession Type) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) loan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan	10,866
Pre-TDR Recorded Investment	$ 525
Post-TDR Recorded Investment	414
Principal Forgiveness
Financing Receivable, Troubled Debt Restructuring [Line Items]
Post-TDR Recorded Investment	9
Interest Rate Reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Post-TDR Recorded Investment	181
Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Post-TDR Recorded Investment	$ 224
Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan	57
Pre-TDR Recorded Investment	$ 363
Post-TDR Recorded Investment	269
Commercial | Principal Forgiveness
Financing Receivable, Troubled Debt Restructuring [Line Items]
Post-TDR Recorded Investment	9
Commercial | Interest Rate Reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Post-TDR Recorded Investment	58
Commercial | Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Post-TDR Recorded Investment	$ 202
Consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan	10,809
Pre-TDR Recorded Investment	$ 162
Post-TDR Recorded Investment	145
Consumer | Principal Forgiveness
Financing Receivable, Troubled Debt Restructuring [Line Items]
Post-TDR Recorded Investment
Consumer | Interest Rate Reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Post-TDR Recorded Investment	123
Consumer | Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Post-TDR Recorded Investment	$ 22

Loans and Related Allowance _14

Loans and Related Allowance for Credit Losses (Rollforward of Allowance for Credit Losses) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 4,791	$ 4,741	$ 4,868
Charge-offs	(1,435)	(1,092)	(985)
Recoveries	394	382	422
Net (charge-offs)	(1,041)	(710)	(563)
Provision for credit losses	741	792	439
Other	(5)	3	(3)
Ending balance	4,486	4,791	4,741
Allowance For Unfunded Lending Related Commitments [Roll Forward]
Beginning balance	663	694	662
Provision for (recapture of) credit losses	56	(31)	32
Other
Ending balance	719	663	694
Allowance for credit loss and off-balance sheet liability	5,205	5,454	5,435
Allowances for investment securities and other financial assets	114	120	176
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance		(35)
Ending balance			(35)
Cumulative Effect, Period of Adoption, Adjusted Balance
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	4,791	4,706	4,868
Ending balance		4,791	4,706
Commercial
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	3,259	3,114	3,185
Charge-offs	(720)	(442)	(307)
Recoveries	149	137	114
Net (charge-offs)	(571)	(305)	(193)
Provision for credit losses	464	447	126
Other	(4)	3	(4)
Ending balance	3,148	3,259	3,114
Allowance For Unfunded Lending Related Commitments [Roll Forward]
Beginning balance	545	613	564
Provision for (recapture of) credit losses	36	(68)	49
Other	(1)
Ending balance	580	545	613
Allowance for credit loss and off-balance sheet liability	3,728	3,804	3,727
Commercial | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance
Ending balance
Commercial | Cumulative Effect, Period of Adoption, Adjusted Balance
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	3,259	3,114	3,185
Ending balance		3,259	3,114
Consumer
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,532	1,627	1,683
Charge-offs	(715)	(650)	(678)
Recoveries	245	245	308
Net (charge-offs)	(470)	(405)	(370)
Provision for credit losses	277	345	313
Other	(1)		1
Ending balance	1,338	1,532	1,627
Allowance For Unfunded Lending Related Commitments [Roll Forward]
Beginning balance	118	81	98
Provision for (recapture of) credit losses	20	37	(17)
Other	1
Ending balance	139	118	81
Allowance for credit loss and off-balance sheet liability	1,477	1,650	1,708
Consumer | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance		(35)
Ending balance			(35)
Consumer | Cumulative Effect, Period of Adoption, Adjusted Balance
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 1,532	1,592	1,683
Ending balance		$ 1,532	$ 1,592

Loan Sale and Servicing Activ_3

Loan Sale and Servicing Activities and Variable Interest Entities (Cash Flows Associated with Loan Sale and Servicing Activities) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Residential Mortgages
Sales of loans and related securitization activity	$ 3,060	$ 2,648
Repurchases of previously transferred loans	103	87
Servicing fees	551	529
Servicing advances recovered/(funded), net	19	(7)
Cash flows on mortgage-backed securities held	2,499	2,624
Carrying value of mortgage-backed securities held	18,200	20,400
Commercial Mortgages
Sales of loans and related securitization activity	3,918	3,650
Repurchases of previously transferred loans	9
Servicing fees	204	198
Servicing advances recovered/(funded), net	(92)	(140)
Cash flows on mortgage-backed securities held	67	75
Carrying value of mortgage-backed securities held	$ 600	$ 700

Loan Sale and Servicing Activ_4

Loan Sale and Servicing Activities and Variable Interest Entities (Principal Balance, Delinquent Loans ,and Net Charge-Offs Related to Serviced Loans For Others) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Residential Mortgages
Total principal balance	$ 37,619	$ 39,016
Delinquent loans	288	329
Net charge-offs	4	4
Commercial mortgage loans held for sale
Total principal balance	51,274	57,492
Delinquent loans	124	89
Net charge-offs	$ 122	$ 26

Loan Sale and Servicing Activ_5

Loan Sale and Servicing Activities and Variable Interest Entities (Non-Consolidated VIEs) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
PNC Risk of Loss	$ 24,700	$ 26,160
Carrying Value of Assets	560,038	561,580
Carrying Value of Liabilities	$ 505,569	510,439
Investment, Proportional Amortization Method, Elected, Statement of Financial Position [Extensible Enumeration]	Equity investments
Variable Interest Entity, Primary Beneficiary
Carrying Value of Assets	$ 24,682	26,084
Carrying Value of Liabilities	2,627	2,119
Investment, low income housing tax credit, amount	3,900	3,000
Investment, new markets tax credit, amount	200	200
Investment, low income housing tax credit, liability	2,300	1,600
Investment, net markets tax credit, liability	100	200
Mortgage-Backed Securitizations | Variable Interest Entity, Primary Beneficiary
PNC Risk of Loss	19,187	21,451
Carrying Value of Assets	19,191	21,453
Carrying Value of Liabilities
Tax Credit Investments And Other | Variable Interest Entity, Primary Beneficiary
PNC Risk of Loss	5,513	4,709
Carrying Value of Assets	5,491	4,631
Carrying Value of Liabilities	$ 2,627	$ 2,119

Loan Sale and Servicing Activ_6

Loan Sale and Servicing Activities and Variable Interest Entities (Narrative) (Details) - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Liability related to investments in low income housing tax credits	$ 2.2	$ 2.1
Low Income Housing Tax Credit Investments
Amortization Recognized Low Income Housing Tax Credit Investments	0.5	0.4	$ 0.4
Tax Credits Recognized Low Income Housing Tax Credit Investments	0.5	0.4	0.4
Other tax benefits associated with qualified investments in low income housing tax credits (less than)	$ 0.1	$ 0.1	$ 0.1

Goodwill and Mortgage Servici_3

Goodwill and Mortgage Servicing Rights (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Impairment charges related to goodwill	$ 0	$ 0	$ 0
Mortgage servicing rights	3,711,000,000	3,686,000,000
Fees from Mortgage and Other Loan Servicing	$ 700,000,000	$ 700,000,000	$ 600,000,000

Goodwill and Mortgage Servici_4

Goodwill and Mortgage Servicing Rights (Goodwill by Business Segment) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2024
Goodwill [Line Items]
Goodwill	$ 10,932	$ 10,932
Goodwill [Roll Forward]
Goodwill, beginning balance	10,987
Goodwill from other increases	(55)
Goodwill, ending balance	10,932
Retail Banking
Goodwill [Line Items]
Goodwill	6,473	6,473
Goodwill [Roll Forward]
Goodwill, beginning balance	6,473
Goodwill, ending balance	6,473
Corporate & Institutional Banking
Goodwill [Line Items]
Goodwill	4,270	4,270
Goodwill [Roll Forward]
Goodwill, beginning balance	4,325
Goodwill from other increases	(55)
Goodwill, ending balance	4,270
Asset Management Group
Goodwill [Line Items]
Goodwill	189	$ 189
Goodwill [Roll Forward]
Goodwill, beginning balance	189
Goodwill, ending balance	$ 189

Goodwill and Mortgage Servici_5

Goodwill and Mortgage Servicing Rights (Commercial and Residential Mortgage Servicing Rights) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Servicing Asset at Fair Value, Amount [Roll Forward]
Mortgage servicing rights, beginning balance	$ 3,686
Mortgage servicing rights, ending balance	3,711	$ 3,686
Mortgage Servicing Rights | Commercial real estate
Servicing Asset at Fair Value, Amount [Roll Forward]
Mortgage servicing rights, beginning balance	1,032	1,113	$ 740
Mortgage servicing rights, ending balance	1,085	1,032	1,113
Unpaid principal balance of loans serviced for others at end of period	290,384	288,042	281,277
Servicing advances	653	561	421
Mortgage Servicing Rights | Commercial real estate | Time and Payoffs
Servicing Asset at Fair Value, Amount [Roll Forward]
Changes in Fair Value	(317)	(332)	(208)
Mortgage Servicing Rights | Commercial real estate | Other
Servicing Asset at Fair Value, Amount [Roll Forward]
Changes in Fair Value	262	157	473
Mortgage Servicing Rights | Commercial real estate | From loans sold with servicing retained
Servicing Asset at Fair Value, Amount [Roll Forward]
Additions	44	50	62
Mortgage Servicing Rights | Commercial real estate | Purchases
Servicing Asset at Fair Value, Amount [Roll Forward]
Additions	64	44	46
Mortgage Servicing Rights | Residential Mortgages
Servicing Asset at Fair Value, Amount [Roll Forward]
Mortgage servicing rights, beginning balance	2,654	2,310	1,078
Mortgage servicing rights, ending balance	2,626	2,654	2,310
Unpaid principal balance of loans serviced for others at end of period	196,915	209,158	189,831
Servicing advances	153	172	165
Mortgage Servicing Rights | Residential Mortgages | Time and Payoffs
Servicing Asset at Fair Value, Amount [Roll Forward]
Changes in Fair Value	(254)	(237)	(231)
Mortgage Servicing Rights | Residential Mortgages | Other
Servicing Asset at Fair Value, Amount [Roll Forward]
Changes in Fair Value	155	115	509
Mortgage Servicing Rights | Residential Mortgages | Sale
Servicing Asset at Fair Value, Amount [Roll Forward]
Changes in Fair Value		(1)
Mortgage Servicing Rights | Residential Mortgages | From loans sold with servicing retained
Servicing Asset at Fair Value, Amount [Roll Forward]
Additions	28	23	57
Mortgage Servicing Rights | Residential Mortgages | Purchases
Servicing Asset at Fair Value, Amount [Roll Forward]
Additions	$ 43	$ 444	$ 897

Goodwill and Mortgage Servici_6

Goodwill and Mortgage Servicing Rights (Commercial and Residential Mortgage Loan Servicing Assets - Key Valuation Assumptions) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]
Fair value of servicing rights	$ 3,711	$ 3,686
Mortgage Servicing Rights | Commercial real estate
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]
Fair value of servicing rights	$ 1,085	$ 1,032	$ 1,113	$ 740
Weighted-average life	3 years 9 months 18 days	3 years 10 months 24 days
Decline in fair value from 10% adverse change in prepayment rate	$ 8	$ 9
Decline in fair value from 20% adverse change in prepayment rate	16	17
Decline in fair value from 10% adverse change in interest rate	35	31
Decline in fair value from 20% adverse change in interest rate	69	61
Mortgage Servicing Rights | Residential Mortgages
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]
Fair value of servicing rights	$ 2,626	$ 2,654	$ 2,310	$ 1,078
Weighted-average life	8 years	8 years 1 month 6 days
Decline in fair value from 10% adverse change in prepayment rate	$ 57	$ 60
Decline in fair value from 20% adverse change in prepayment rate	$ 111	$ 117
Spread over the benchmark curve	7.55%	7.65%
Decline in fair value from 10% adverse change in adjusted spread	$ 81	$ 83
Decline in fair value from 20% adverse change in adjusted spread	$ 157	$ 161
Mortgage Servicing Rights | Measurement Input, Constant Prepayment Rate | Commercial real estate
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]
Servicing asset, measurement input	0.0445	0.0551
Mortgage Servicing Rights | Measurement Input, Constant Prepayment Rate | Residential Mortgages
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]
Servicing asset, measurement input	0.0639	0.0642
Mortgage Servicing Rights | Measurement Input, Discount Rate | Commercial real estate
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]
Servicing asset, measurement input	0.1118	0.0964

Leases - Lessor Income (Details

Leases - Lessor Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Lessee, Lease, Description [Line Items]
Sales-type and direct financing leases	$ 355	$ 300	$ 243
Operating leases	26	46	63
Lease income	$ 381	$ 346	$ 306
Lending and deposit services
Lessee, Lease, Description [Line Items]
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Noninterest income	Noninterest income	Noninterest income

Leases Sales-Type and Direct Fi

Leases Sales-Type and Direct Financing Leases (Details) - USD ($) $ in Millions		Dec. 31, 2024	Dec. 31, 2023
Lessor, Lease, Description [Line Items]
Total loans, net	[1]	$ 316,467	$ 321,508
Carrying value of residual assets with third-party residual value		600	600
Total commercial lending
Lessor, Lease, Description [Line Items]
Total loans, net		216,164	219,558
Total commercial lending | Equipment lease financing
Lessor, Lease, Description [Line Items]
Lease receivables		6,229	5,986
Unguaranteed residual asset values		1,395	1,440
Unearned income		(869)	(884)
Total loans, net		$ 6,755	$ 6,542
[1] Our consolidated assets included the following for which we have elected the fair value option: Loans held for sale of $0.8 billion, Loans of $1.2 billion and Other assets of $0.1 billion at December 31, 2024. Comparable amounts at December 31, 2023 were $0.7 billion, $1.2 billion and $0.1 billion, respectively.

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Billions	Dec. 31, 2024	Dec. 31, 2023
Lessee, Lease, Description [Line Items]
Lessor, operating lease assets	$ 0.4	$ 0.4
Lessor, accumulated depreciation	$ 0.2	$ 0.2
Lease, renewal term	99 years
Minimum
Lessee, Lease, Description [Line Items]
Operating lease, term of contract	1 year
Maximum
Lessee, Lease, Description [Line Items]
Operating lease, term of contract	43 years

Leases (Future Minimum Lessor R

Leases (Future Minimum Lessor Receivable Arrangements) (Details) $ in Millions	Dec. 31, 2024 USD ($)
Operating Leases
2025	$ 30
2026	30
2027	25
2028	15
2029	12
2030 and thereafter	10
Total future minimum lease receivable arrangements	122
Sales-type and Direct Financing Leases
2025	1,568
2026	1,318
2027	1,268
2028	798
2029	524
2030 and thereafter	753
Total future minimum lease receivable arrangements	$ 6,229

Leases (Operating Lease Costs a

Leases (Operating Lease Costs and Cash Flows ) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Operating lease, cost	$ 373	$ 386	$ 395
Operating cash flows	$ 413	$ 440	$ 434

Leases (Operating Lease Assets

Leases (Operating Lease Assets and Liabilities ) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease assets	$ 1,619	$ 1,745
Operating lease, right-of-use asset, statement of financial position [Extensible Enumeration]	Other	Other
Operating lease liabilities	$ 1,870	$ 1,998
Operating lease, liability, statement of financial position [Extensible Enumeration]	Accrued expenses and other liabilities	Accrued expenses and other liabilities

Leases (Operating Lease Term an

Leases (Operating Lease Term and Discount Rates of Lessee Arrangements) (Details)	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Weighted-average remaining lease term (years)	7 years	7 years
Weighted-average discount rate	2.76%	2.49%

Leases (Maturities of Operating

Leases (Maturities of Operating Lease Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
2025	$ 401
2026	367
2027	324
2028	270
2029	204
2030 and thereafter	492
Total future lease payments	2,058
Less: Interest	188
Lease liabilities	1,870	$ 1,998
Right-of-use assets	$ 1,619	$ 1,745

Premises, Equipment and Lease_3

Premises, Equipment and Leasehold Improvements (Premises, Equipment and Leasehold Improvements) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Premises, equipment and leasehold improvements	$ 19,403	$ 18,358
Accumulated depreciation and amortization	(10,731)	(9,841)
Net book value	$ 8,672	$ 8,517

Premises, Equipment and Lease_4

Premises, Equipment and Leasehold Improvements (Depreciation and Amortization Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation	$ 912	$ 900	$ 899
Amortization	139	138	130
Total depreciation and amortization	$ 1,051	$ 1,038	$ 1,029

Time Deposits (Narrative) (Deta

Time Deposits (Narrative) (Details) $ in Billions	Dec. 31, 2024 USD ($)
Deposits [Abstract]
Time deposit accounts (including certificates of deposits) in denominations that met or exceeded the insured limit	$ 9.2

Time Deposits (Time Deposits) (

Time Deposits (Time Deposits) (Details) $ in Billions	Dec. 31, 2024 USD ($)
Deposits [Abstract]
2025	$ 33.8
2026	0.2
2027	0.1
2028	0.1
2029		[1]
2030 and thereafter	0.1
Total	$ 34.3
[1]Amount less than $0.1 billion.

Borrowed Funds (Narrative) (Det

Borrowed Funds (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 1998
Debt Instrument [Line Items]
Carrying value	$ 58,601	$ 69,711
PNC Capital Trust C
Debt Instrument [Line Items]
Trust preferred securities			$ 200
Parent Company
Debt Instrument [Line Items]
Carrying value	28,352	23,971
Bank
Debt Instrument [Line Items]
Carrying value	30,249	45,740
Senior debt | Parent Company
Debt Instrument [Line Items]
Basis adjustments - fair value accounting hedges	(753)
Carrying value	27,369	22,221
Senior debt | Bank
Debt Instrument [Line Items]
Basis adjustments - fair value accounting hedges	(90)
Carrying value	5,128	4,615
Subordinated debt | Parent Company
Debt Instrument [Line Items]
Basis adjustments - fair value accounting hedges	(70)
Carrying value	777	1,544
Subordinated debt | Bank
Debt Instrument [Line Items]
Basis adjustments - fair value accounting hedges	(144)
Carrying value	3,121	3,125
Junior subordinated debt | Parent Company
Debt Instrument [Line Items]
Carrying value	$ 206	$ 206

Borrowed Funds (Borrowed Funds)

Borrowed Funds (Borrowed Funds) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
2025	$ 18,131
2026	9,758
2027	7,964
2028	5,054
2029	4,539
2030 and thereafter	16,227
Total borrowed funds	$ 61,673	$ 72,737

Borrowed Funds (FHLB Borrowings

Borrowed Funds (FHLB Borrowings, Bank Notes, Senior Debt and Subordinated Debt) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Carrying Value	$ 58,601	$ 69,711
Parent Company
Debt Instrument [Line Items]
Carrying Value	28,352	23,971
Bank
Debt Instrument [Line Items]
Carrying Value	30,249	45,740
Senior debt | Parent Company
Debt Instrument [Line Items]
Carrying Value	$ 27,369	22,221
Senior debt | Parent Company | Minimum
Debt Instrument [Line Items]
Stated interest rate	1.15%
Senior debt | Parent Company | Maximum
Debt Instrument [Line Items]
Stated interest rate	6.88%
Senior debt | Bank
Debt Instrument [Line Items]
Carrying Value	$ 5,128	4,615
Senior debt | Bank | Minimum
Debt Instrument [Line Items]
Stated interest rate	2.95%
Senior debt | Bank | Maximum
Debt Instrument [Line Items]
Stated interest rate	4.87%
Subordinated debt | Parent Company
Debt Instrument [Line Items]
Stated interest rate	4.63%
Carrying Value	$ 777	1,544
Subordinated debt | Bank
Debt Instrument [Line Items]
Carrying Value	$ 3,121	3,125
Subordinated debt | Bank | Minimum
Debt Instrument [Line Items]
Stated interest rate	2.70%
Subordinated debt | Bank | Maximum
Debt Instrument [Line Items]
Stated interest rate	5.90%
Junior subordinated debt | Parent Company
Debt Instrument [Line Items]
Stated interest rate	5.33%
Carrying Value	$ 206	206
Federal Home Loan Bank advances | Bank
Debt Instrument [Line Items]
Carrying Value	$ 22,000	$ 38,000
Federal Home Loan Bank advances | Bank | Minimum
Debt Instrument [Line Items]
Stated interest rate	4.63%
Federal Home Loan Bank advances | Bank | Maximum
Debt Instrument [Line Items]
Stated interest rate	4.96%

Commitments (Narrative) (Detail

Commitments (Narrative) (Details) $ in Billions	12 Months Ended
	Dec. 31, 2024 USD ($)
Standby letters of credit
Loss Contingencies [Line Items]
Internal credit ratings (as a percentage of portfolio) - Pass	97%
Standby letters of credit - Assets securing certain specifically identified standby letters of credit	$ 1
Standby letters of credit and participations in standby letters of credit - Liability carrying amount	$ 0.2
Less than 1 year
Loss Contingencies [Line Items]
Standby letters of credit, term	1 year
Maximum
Loss Contingencies [Line Items]
Standby letters of credit, term	7 years

Commitments (Commitments to Ext

Commitments (Commitments to Extend Credit and Other Commitments) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Other Commitments [Line Items]
Commitments	$ 295,100	$ 284,768
Liability related to investments in low income housing tax credits	2,200	2,100
Commitments to extend credit
Other Commitments [Line Items]
Commitments	277,785	268,391
Commitments to extend credit | Total commercial lending
Other Commitments [Line Items]
Commitments	209,864	203,080
Commitments to extend credit | Home equity
Other Commitments [Line Items]
Commitments	24,086	23,970
Commitments to extend credit | Credit card
Other Commitments [Line Items]
Commitments	36,447	33,978
Commitments to extend credit | Other
Other Commitments [Line Items]
Commitments	7,388	7,363
Standby letters of credit
Other Commitments [Line Items]
Commitments	11,251	10,913
Standby letters of credit | Remarketing Programs
Other Commitments [Line Items]
Commitments	3,700	3,900
Standby bond purchase agreements
Other Commitments [Line Items]
Commitments	1,095	1,078
Other commitments
Other Commitments [Line Items]
Commitments	$ 4,969	$ 4,386

Equity (Preferred Stock - Autho

Equity (Preferred Stock - Authorized, Issued and Outstanding) (Details) - $ / shares	Dec. 31, 2024	Dec. 02, 2024	Dec. 31, 2023	Nov. 01, 2023	Nov. 01, 2022
Preferred stock authorized (shares)	20,000,000		20,000,000
Preferred stock issued (shares)	58,000		63,000
Preferred stock outstanding (shares)	58,000		63,000
Common stock held in treasury at cost (shares)	147,373,633		145,087,054
Series B
Preferred stock, liquidation preference per share (in USD per share)	$ 40
Preferred stock issued (shares)	1,000		1,000
Preferred stock outstanding (shares)	1,000		1,000
Series R
Preferred stock, liquidation preference per share (in USD per share)	$ 100,000
Preferred stock issued (shares)			5,000
Preferred stock outstanding (shares)			5,000
Treasury stock, preferred (shares)	5,000	5,000
Series S
Preferred stock, liquidation preference per share (in USD per share)	$ 100,000
Preferred stock issued (shares)	5,000		5,000
Preferred stock outstanding (shares)	5,000		5,000
Series T
Preferred stock, liquidation preference per share (in USD per share)	$ 100,000
Preferred stock issued (shares)	15,000		15,000
Preferred stock outstanding (shares)	15,000		15,000
Series U
Preferred stock, liquidation preference per share (in USD per share)	$ 100,000
Preferred stock issued (shares)	10,000		10,000
Preferred stock outstanding (shares)	10,000		10,000
Series V
Preferred stock, liquidation preference per share (in USD per share)	$ 100,000
Preferred stock issued (shares)	12,000		12,000
Preferred stock outstanding (shares)	12,000		12,000
Series W
Preferred stock, liquidation preference per share (in USD per share)	$ 100,000
Preferred stock issued (shares)	15,000		15,000
Preferred stock outstanding (shares)	15,000		15,000
Depositary Shares
Common stock held in treasury at cost (shares)	500,000	500,000		1,000,000	60,000,000

Equity (Narrative) (Details)

Equity (Narrative) (Details) - $ / shares shares in Millions		12 Months Ended
	Jan. 03, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Common stock, dividends (in USD per share)		$ 6.30	$ 6.10	$ 5.75
Common stock, capital shares reserved for future issuance		78
Subsequent Event
Debt Instrument [Line Items]
Common stock, dividends (in USD per share)	$ 1.60

Equity (Terms of Outstanding Pr

Equity (Terms of Outstanding Preferred Stock) (Details)						12 Months Ended
	Feb. 07, 2023 shares	Aug. 19, 2022 shares	Apr. 26, 2022 shares	Sep. 13, 2021 shares	Nov. 01, 2016 shares	Dec. 31, 2024 votingRightPerShare $ / shares
Series B
Debt Instrument [Line Items]
Preferred stock, dividend rate (in dollars per share) | $ / shares						$ 1.80
Preferred stock, voting rights | votingRightPerShare						8
Series S
Debt Instrument [Line Items]
Number of Depositary Shares Issued and Outstanding					525,000
Fractional Interest in a Share of Preferred Stock Represented by Each Depositary Share					1%
Preferred stock, dividend rate, percentage					5%
Basis spread on variable rate - LIBOR Plus					3.30%
Series S | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on variable rate - LIBOR Plus					0.26161%
Series T
Debt Instrument [Line Items]
Number of Depositary Shares Issued and Outstanding				1,500,000
Fractional Interest in a Share of Preferred Stock Represented by Each Depositary Share				1%
Preferred stock, dividend rate, percentage				3.40%
Basis spread on variable rate - LIBOR Plus				2.595%
Series U
Debt Instrument [Line Items]
Number of Depositary Shares Issued and Outstanding			1,000,000
Fractional Interest in a Share of Preferred Stock Represented by Each Depositary Share			1%
Preferred stock, dividend rate, percentage			6%
Basis spread on variable rate - LIBOR Plus			3%
Series V
Debt Instrument [Line Items]
Number of Depositary Shares Issued and Outstanding		1,250,000
Fractional Interest in a Share of Preferred Stock Represented by Each Depositary Share		1%
Preferred stock, dividend rate, percentage		6.20%
Basis spread on variable rate - LIBOR Plus		3.238%
Series W
Debt Instrument [Line Items]
Number of Depositary Shares Issued and Outstanding	1,500,000
Fractional Interest in a Share of Preferred Stock Represented by Each Depositary Share	1%
Preferred stock, dividend rate, percentage	6.25%
Basis spread on variable rate - LIBOR Plus	2.808%

Equity (Dividends per Share) (D

Equity (Dividends per Share) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Class of Stock [Line Items]
Common stock, dividends (in USD per share)	$ 6.30	$ 6.10	$ 5.75
Series B
Class of Stock [Line Items]
Preferred Stock, Dividends (in USD per share)	1.80	1.80	1.80
Series O Preferred Stock
Class of Stock [Line Items]
Preferred Stock, Dividends (in USD per share)		8,848	4,881
Series P Preferred Stock
Class of Stock [Line Items]
Preferred Stock, Dividends (in USD per share)			6,181
Series R
Class of Stock [Line Items]
Preferred Stock, Dividends (in USD per share)	8,715	6,808	4,850
Series S
Class of Stock [Line Items]
Preferred Stock, Dividends (in USD per share)	5,000	5,000	5,000
Series T
Class of Stock [Line Items]
Preferred Stock, Dividends (in USD per share)	3,400	3,400	3,400
Series U
Class of Stock [Line Items]
Preferred Stock, Dividends (in USD per share)	6,000	6,000	3,317
Series V
Class of Stock [Line Items]
Preferred Stock, Dividends (in USD per share)	6,200	6,200	1,998
Series W
Class of Stock [Line Items]
Preferred Stock, Dividends (in USD per share)	$ 6,250	$ 5,347

Other Comprehensive Income (Oth

Other Comprehensive Income (Other Comprehensive Income) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, before Tax [Abstract]
Other comprehensive income (loss), before tax and net of reclassifications into Net income	$ 1,514	$ 3,227	$ (13,787)
Other Comprehensive Income (Loss), Available-for-sale Securities, before Reclassification Adjustments, Tax [Abstract]
Income tax benefit (expense) related to items of other comprehensive income	(367)	(767)	3,206
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, After Reclassification Adjustments, after Tax [Abstract]
Other comprehensive income (loss), after tax and net of reclassifications into Net income	1,147	2,460	(10,581)
Debt securities
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, before Tax [Abstract]
Net unrealized gains (losses)	(363)	840	(10,866)
Less: Net realized gains (losses) reclassified to earnings	(1,328)	(913)	(723)
Other comprehensive income (loss), before tax and net of reclassifications into Net income	965	1,753	(10,143)
Other Comprehensive Income (Loss), Available-for-sale Securities, before Reclassification Adjustments, Tax [Abstract]
Net unrealized gains (losses)	89	(202)	2,561
Less: Net realized gains (losses) reclassified to earnings	323	217	171
Income tax benefit (expense) related to items of other comprehensive income	(234)	(419)	2,390
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, After Reclassification Adjustments, after Tax [Abstract]
Net unrealized gains (losses)	(274)	638	(8,305)
Less: Net realized gains (losses) reclassified to earnings	(1,005)	(696)	(552)
Other comprehensive income (loss), after tax and net of reclassifications into Net income	731	1,334	(7,753)
Cash flow hedge derivatives
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, before Tax [Abstract]
Net unrealized gains (losses)	(790)	(237)	(3,536)
Less: Net realized gains (losses) reclassified to earnings	(1,317)	(1,540)	(260)
Other comprehensive income (loss), before tax and net of reclassifications into Net income	527	1,303	(3,276)
Other Comprehensive Income (Loss), Available-for-sale Securities, before Reclassification Adjustments, Tax [Abstract]
Net unrealized gains (losses)	192	65	833
Less: Net realized gains (losses) reclassified to earnings	320	376	61
Income tax benefit (expense) related to items of other comprehensive income	(128)	(311)	772
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, After Reclassification Adjustments, after Tax [Abstract]
Net unrealized gains (losses)	(598)	(172)	(2,703)
Less: Net realized gains (losses) reclassified to earnings	(997)	(1,164)	(199)
Other comprehensive income (loss), after tax and net of reclassifications into Net income	399	992	(2,504)
Pension and other postretirement benefit plan adjustments
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, before Tax [Abstract]
Less: Net realized gains (losses) reclassified to earnings	21	166	(363)
Other comprehensive income (loss), before tax and net of reclassifications into Net income	21	166	(363)
Other Comprehensive Income (Loss), Available-for-sale Securities, before Reclassification Adjustments, Tax [Abstract]
Less: Net realized gains (losses) reclassified to earnings	(5)	(40)	85
Income tax benefit (expense) related to items of other comprehensive income	(5)	(40)	85
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, After Reclassification Adjustments, after Tax [Abstract]
Less: Net realized gains (losses) reclassified to earnings	16	126	(278)
Other comprehensive income (loss), after tax and net of reclassifications into Net income	16	126	(278)
Other
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, before Tax [Abstract]
Less: Net realized gains (losses) reclassified to earnings	1	5	(5)
Other comprehensive income (loss), before tax and net of reclassifications into Net income	1	5	(5)
Other Comprehensive Income (Loss), Available-for-sale Securities, before Reclassification Adjustments, Tax [Abstract]
Less: Net realized gains (losses) reclassified to earnings		3	(41)
Income tax benefit (expense) related to items of other comprehensive income		3	(41)
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, After Reclassification Adjustments, after Tax [Abstract]
Less: Net realized gains (losses) reclassified to earnings	1	8	(46)
Other comprehensive income (loss), after tax and net of reclassifications into Net income	$ 1	$ 8	$ (46)

Other Comprehensive Income (Acc

Other Comprehensive Income (Accumulated Other Comprehensive Income (Loss) Components) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024		Dec. 31, 2023		Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Equity, Beginning Balance	[1]	$ 51,141		$ 45,812		$ 55,726
Other comprehensive income (loss), net of tax		1,147		2,460		(10,581)
Equity, Ending Balance	[1]	54,469		51,141		45,812
Pretax loss from derivatives		275		293
Accumulated other comprehensive income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Equity, Beginning Balance	[1]	(7,712)	[2]	(10,172)		409
Other comprehensive income (loss), net of tax		1,147		2,460		(10,581)
Equity, Ending Balance	[1]	(6,565)	[2]	(7,712)	[2]	(10,172)
Debt securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Equity, Beginning Balance		(5,830)	[2]	(7,164)		589
Other comprehensive income (loss), net of tax		731		1,334		(7,753)
Equity, Ending Balance		(5,099)	[2]	(5,830)	[2]	(7,164)
Cash flow hedge derivatives
Accumulated Other Comprehensive Income (Loss) [Line Items]
Equity, Beginning Balance		(1,713)	[2]	(2,705)		(201)
Other comprehensive income (loss), net of tax		399		992		(2,504)
Equity, Ending Balance		(1,314)	[2]	(1,713)	[2]	(2,705)
Pension and other postretirement benefit plan adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Equity, Beginning Balance		(125)	[2]	(251)		27
Other comprehensive income (loss), net of tax		16		126		(278)
Equity, Ending Balance		(109)	[2]	(125)	[2]	(251)
Other
Accumulated Other Comprehensive Income (Loss) [Line Items]
Equity, Beginning Balance		(44)	[2]	(52)		(6)
Other comprehensive income (loss), net of tax		1		8		(46)
Equity, Ending Balance		$ (43)	[2]	$ (44)	[2]	$ (52)
[1] The par value of our preferred stock outstanding was less than $0.5 million at each date and, therefore, is excluded from this presentation. AOCI included pretax losses of $275 million and $293 million from derivatives that hedged the purchase of investment securities classified as held-to-maturity at December 31, 2024 and December 31, 2023, respectively.

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Earnings Per Share [Abstract]
Net income	$ 5,953	$ 5,647	$ 6,113
Less:
Less: Net income attributable to noncontrolling interests	64	69	72
Preferred stock dividends	352	417	301
Preferred stock discount accretion and redemptions	8	8	5
Net income attributable to common shareholders	5,529	5,153	5,735
Less: Dividends and undistributed earnings allocated to nonvested restricted shares	33	27	27
Net income attributable to basic common shareholders	$ 5,496	$ 5,126	$ 5,708
Basic weighted-average common shares outstanding (in shares)	399	401	412
Basic (in dollars per share)	$ 13.76	$ 12.80	$ 13.86
Net income attributable to diluted common shareholders	$ 5,496	$ 5,126	$ 5,708
Dilutive potential common shares (in shares)	1
Diluted weighted-average common shares outstanding (in shares)	400	401	412
Diluted (in dollars per share)	$ 13.74	$ 12.79	$ 13.85

Fair Value (Narrative) (Details

Fair Value (Narrative) (Details) - USD ($) $ in Billions	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2024	Dec. 31, 2023
Carrying value of FHLB and FRB stock		$ 2.1	$ 2.7
Distributions received over the life of the partnerships from liquidation of the underlying investments by the investee, period		12 years
Sensitivity analysis of fair value, inputs change for fair value		0.10%
Shares exchange program, percentage of shares monetized	50%

Fair Value (Recurring Basis Sum

Fair Value (Recurring Basis Summary) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Assets
Securities available-for-sale	$ 62,039	$ 41,785
Mortgage servicing rights	3,711	3,686
Financial derivatives	$ 816	$ 897
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other	Other
Liabilities
Financial derivatives	$ 3,168	$ 3,538
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other liabilities	Accrued expenses and other liabilities
Other liabilities	$ 100	$ 100
Level 3 assets | Assets, Total | Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Concentration risk, percentage	10%	13%
Level 3 assets | Assets | Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Concentration risk, percentage	1%	1%
Liabilities at fair value | Liabilities, Total | Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Concentration risk, percentage	1%	1%
Level 3 liabilities | Liabilities, Total | Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Concentration risk, percentage	5%	6%
Level 3 liabilities | Liabilities | Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Concentration risk, percentage	1%	1%
Assets at fair value | Assets, Total | Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Concentration risk, percentage	14%	10%
Fair Value, Measurements, Recurring
Assets
Securities available-for-sale	$ 62,039	$ 41,785
Loans	1,156	1,238
Equity investments	3,132	2,717
Trading securities	2,774	2,799
Financial derivatives	3,011	3,429
Other assets	592	496
Total Assets	77,246	56,862
Liabilities
Other borrowed funds	1,299	817
Financial derivatives	5,495	5,899
Other liabilities	205	237
Total liabilities	6,999	6,953
Residential Mortgages | Fair Value, Measurements, Recurring
Assets
Loans held for sale	628	474
Mortgage servicing rights	2,626	2,654
Commercial Mortgages | Fair Value, Measurements, Recurring
Assets
Loans held for sale	203	238
Mortgage servicing rights	1,085	1,032
U.S. Treasury and government agencies | Fair Value, Measurements, Recurring
Assets
Securities available-for-sale	23,551	6,951
Residential mortgage-backed Securities | Mortgage-backed Securities Agency | Fair Value, Measurements, Recurring
Assets
Securities available-for-sale	30,626	27,880
Residential mortgage-backed Securities | Mortgage-backed Securities Non-agency | Fair Value, Measurements, Recurring
Assets
Securities available-for-sale	603	696
Commercial Mortgage-Backed Securities | Mortgage-backed Securities Agency | Fair Value, Measurements, Recurring
Assets
Securities available-for-sale	1,945	1,546
Commercial Mortgage-Backed Securities | Mortgage-backed Securities Non-agency | Fair Value, Measurements, Recurring
Assets
Securities available-for-sale	691	869
Asset-backed | Fair Value, Measurements, Recurring
Assets
Securities available-for-sale	2,392	1,116
Other | Fair Value, Measurements, Recurring
Assets
Securities available-for-sale	2,231	2,727
Level 1 | Fair Value, Measurements, Recurring
Assets
Securities available-for-sale	22,534	6,292
Equity investments	825	574
Trading securities	987	377
Financial derivatives	3	29
Other assets	449	403
Total Assets	24,798	7,675
Liabilities
Other borrowed funds	1,161	724
Financial derivatives	11	11
Total liabilities	1,172	735
Level 1 | U.S. Treasury and government agencies | Fair Value, Measurements, Recurring
Assets
Securities available-for-sale	22,534	6,292
Level 2 | Fair Value, Measurements, Recurring
Assets
Securities available-for-sale	38,652	34,537
Loans	486	512
Trading securities	1,787	2,422
Financial derivatives	3,004	3,394
Other assets	133	85
Total Assets	44,821	41,548
Liabilities
Other borrowed funds	128	84
Financial derivatives	5,334	5,736
Other liabilities	28
Total liabilities	5,490	5,820
Level 2 | Residential Mortgages | Fair Value, Measurements, Recurring
Assets
Loans held for sale	560	371
Level 2 | Commercial Mortgages | Fair Value, Measurements, Recurring
Assets
Loans held for sale	199	227
Level 2 | U.S. Treasury and government agencies | Fair Value, Measurements, Recurring
Assets
Securities available-for-sale	1,017	659
Level 2 | Residential mortgage-backed Securities | Mortgage-backed Securities Agency | Fair Value, Measurements, Recurring
Assets
Securities available-for-sale	30,626	27,880
Level 2 | Commercial Mortgage-Backed Securities | Mortgage-backed Securities Agency | Fair Value, Measurements, Recurring
Assets
Securities available-for-sale	1,945	1,546
Level 2 | Commercial Mortgage-Backed Securities | Mortgage-backed Securities Non-agency | Fair Value, Measurements, Recurring
Assets
Securities available-for-sale	588	766
Level 2 | Asset-backed | Fair Value, Measurements, Recurring
Assets
Securities available-for-sale	2,299	1,014
Level 2 | Other | Fair Value, Measurements, Recurring
Assets
Securities available-for-sale	2,177	2,672
Level 3
Assets
Equity investments	2,111	1,952
Liabilities
Financial derivatives	143	145
Level 3 | Fair Value, Measurements, Recurring
Assets
Securities available-for-sale	853	956
Loans	670	726
Equity investments	2,111	1,952
Financial derivatives	4	6
Other assets	10	8
Total Assets	7,431	7,448
Liabilities
Other borrowed funds	10	9
Financial derivatives	150	152
Other liabilities	177	237
Total liabilities	337	398
Level 3 | Residential Mortgages | Fair Value, Measurements, Recurring
Assets
Loans held for sale	68	103
Mortgage servicing rights	2,626	2,654
Level 3 | Commercial Mortgages | Fair Value, Measurements, Recurring
Assets
Loans held for sale	4	11
Mortgage servicing rights	1,085	1,032
Level 3 | Residential mortgage-backed Securities | Mortgage-backed Securities Non-agency | Fair Value, Measurements, Recurring
Assets
Securities available-for-sale	603	696
Level 3 | Commercial Mortgage-Backed Securities | Mortgage-backed Securities Non-agency | Fair Value, Measurements, Recurring
Assets
Securities available-for-sale	103	103
Level 3 | Asset-backed | Fair Value, Measurements, Recurring
Assets
Securities available-for-sale	93	102
Level 3 | Other | Fair Value, Measurements, Recurring
Assets
Securities available-for-sale	$ 54	$ 55

Fair Value (Reconciliation of L

Fair Value (Reconciliation of Level 3 Assets and Liabilities) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Fair Value Additional Information [Abstract]
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]		Interest and Dividend Income, Operating, Noninterest income
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest and Dividend Income, Operating, Noninterest income	Interest and Dividend Income, Operating, Noninterest income
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]	Noninterest income
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]		Noninterest income
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]		Noninterest income
Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	$ 7,448	$ 7,252
Included in Earnings	549	464
Included in Other comprehensive income	2	(7)
Purchases	519	1,335
Sales	(322)	(734)
Issuances	72	73
Settlements	(818)	(876)
Transfers into Level 3	24	123
Transfers out of Level 3	(43)	(182)
Ending Balance	7,431	7,448
Unrealized gains (losses) on assets held on Consolidated Balance Sheet	514	404
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	398	421
Included in Earnings	268	322
Purchases
Sales	4	5
Issuances	55	455
Settlements	(388)	(805)
Ending Balance	337	398
Unrealized gains or (losses) on liabilities held on Consolidated Balance Sheet	298	313
Fair Value Additional Information [Abstract]
Net gains (losses) included in earnings (realized and unrealized) relating to Level 3 assets and liabilities	281	142
Net unrealized gains (losses) relating to Level 3 assets and liabilities	216	91
Fair Value, Measurements, Recurring | Level 3 | Residential mortgage-backed Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	696	819
Included in Earnings	14	15
Included in Other comprehensive income	(1)	(11)
Settlements	(106)	(127)
Ending Balance	603	696
Fair Value, Measurements, Recurring | Level 3 | Commercial Mortgage-Backed Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	103	3
Included in Other comprehensive income		8
Transfers into Level 3		92
Ending Balance	103	103
Fair Value, Measurements, Recurring | Level 3 | Asset-backed
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	102	124
Included in Earnings	1	1
Included in Other comprehensive income	1	(1)
Settlements	(11)	(22)
Ending Balance	93	102
Fair Value, Measurements, Recurring | Level 3 | Other debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	55	55
Included in Earnings	(3)	(1)
Included in Other comprehensive income	1	(3)
Purchases	6	6
Settlements	(5)	(5)
Transfers into Level 3		3
Ending Balance	54	55
Unrealized gains (losses) on assets held on Consolidated Balance Sheet	(2)
Fair Value, Measurements, Recurring | Level 3 | Loans Held For Sale | Residential Mortgages
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	103	243
Included in Earnings	(1)	1
Purchases	20	15
Sales	(38)	(131)
Settlements	(7)	(10)
Transfers into Level 3	8	7
Transfers out of Level 3	(17)	(22)
Ending Balance	68	103
Unrealized gains (losses) on assets held on Consolidated Balance Sheet	(1)	1
Fair Value, Measurements, Recurring | Level 3 | Loans Held For Sale | Commercial Mortgages
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	11	33
Included in Earnings	1	1
Settlements	(8)	(23)
Ending Balance	4	11
Fair Value, Measurements, Recurring | Level 3 | Investment Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	956	1,001
Included in Earnings	12	15
Included in Other comprehensive income	1	(7)
Purchases	6	6
Settlements	(122)	(154)
Transfers into Level 3		95
Ending Balance	853	956
Unrealized gains (losses) on assets held on Consolidated Balance Sheet	(2)
Fair Value, Measurements, Recurring | Level 3 | Loans
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	726	769
Included in Earnings	13	15
Purchases	23	47
Sales	(2)	(2)
Settlements	(80)	(98)
Transfers into Level 3	16	21
Transfers out of Level 3	(26)	(26)
Ending Balance	670	726
Unrealized gains (losses) on assets held on Consolidated Balance Sheet	13	15
Fair Value, Measurements, Recurring | Level 3 | Equity investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	1,952	1,778
Included in Earnings	83	140
Purchases	358	768
Sales	(282)	(600)
Transfers out of Level 3		(134)
Ending Balance	2,111	1,952
Unrealized gains (losses) on assets held on Consolidated Balance Sheet	57	92
Fair Value, Measurements, Recurring | Level 3 | Mortgage Servicing Rights | Residential Mortgages
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	2,654	2,310
Included in Earnings	155	115
Purchases	43	444
Sales		(1)
Issuances	28	23
Settlements	(254)	(237)
Ending Balance	2,626	2,654
Unrealized gains (losses) on assets held on Consolidated Balance Sheet	155	115
Fair Value, Measurements, Recurring | Level 3 | Mortgage Servicing Rights | Commercial Mortgages
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	1,032	1,113
Included in Earnings	262	157
Purchases	64	44
Issuances	44	50
Settlements	(317)	(332)
Ending Balance	1,085	1,032
Unrealized gains (losses) on assets held on Consolidated Balance Sheet	262	157
Fair Value, Measurements, Recurring | Level 3 | Financial derivatives
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	6	5
Included in Earnings	24	19
Purchases	4	4
Settlements	(30)	(22)
Ending Balance	4	6
Unrealized gains (losses) on assets held on Consolidated Balance Sheet	30	24
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	152	123
Included in Earnings	272	266
Sales	4	5
Settlements	(278)	(242)
Ending Balance	150	152
Unrealized gains or (losses) on liabilities held on Consolidated Balance Sheet	279	272
Fair Value, Measurements, Recurring | Level 3 | Other assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	8
Included in Earnings		1
Included in Other comprehensive income	1
Purchases	1	7
Ending Balance	10	8
Fair Value, Measurements, Recurring | Level 3 | Other borrowed funds
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	9	4
Issuances	14	13
Settlements	(13)	(8)
Ending Balance	10	9
Fair Value, Measurements, Recurring | Level 3 | Other liabilities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	237	294
Included in Earnings	(4)	56
Purchases
Issuances	41	442
Settlements	(97)	(555)
Ending Balance	177	237
Unrealized gains or (losses) on liabilities held on Consolidated Balance Sheet	$ 19	$ 41

Fair Value (Fair Value Measurem

Fair Value (Fair Value Measurements - Recurring Quantitative Information) (Details) $ in Millions	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	$ 62,039	$ 41,785
Fair value of servicing rights	3,711	3,686
Derivative Liability	(3,168)	(3,538)
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	62,039	41,785
Loans, fair value	1,156	1,238
Equity investments	3,132	2,717
Derivative Liability	(5,495)	(5,899)
Fair value assets	77,246	56,862
Fair value liabilities	6,999	6,953
Residential mortgage-backed non-agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	603	696
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	2,111	1,952
Derivative Liability	(143)	(145)
Insignificant assets, fair value disclosure	45	22
Total recurring assets net of recurring liabilities - fair value	7,094	7,050
Level 3 | Loans - Residential real estate - Uninsured | Total consumer lending
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans, fair value	504	546
Level 3 | Residential real estate | Total consumer lending
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans, fair value	73	75
Level 3 | Loans - Home equity - First-lien | Total consumer lending
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans, fair value	14	18
Level 3 | Loans - Home equity - Second-lien | Total consumer lending
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans, fair value	79	87
Level 3 | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	853	956
Loans, fair value	670	726
Equity investments	2,111	1,952
Derivative Liability	(150)	(152)
Fair value assets	7,431	7,448
Fair value liabilities	337	398
Level 3 | Commercial Mortgages
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale, fair value	4	11
Fair value of servicing rights	1,085	1,032
Level 3 | Residential mortgage-backed non-agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	603	696
Level 3 | Asset-backed
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	93	102
Level 3 | Residential mortgage servicing rights
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of servicing rights	$ 2,626	$ 2,654
Spread over the benchmark curve | Level 3 | Commercial Mortgages | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivable, measurement input	0.0560	0.0575
Spread over the benchmark curve | Level 3 | Commercial Mortgages | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivable, measurement input	0.1075	0.3610
Spread over the benchmark curve | Level 3 | Commercial Mortgages | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivable, measurement input	0.0970	0.1647
Spread over the benchmark curve | Level 3 | Residential mortgage-backed non-agency securities | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.0216	0.0285
Spread over the benchmark curve | Level 3 | Asset-backed | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.0170	0.0248
Spread over the benchmark curve | Level 3 | Residential mortgage servicing rights | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing asset, measurement input	0.0381	0.0337
Spread over the benchmark curve | Level 3 | Residential mortgage servicing rights | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing asset, measurement input	0.2202	0.1668
Spread over the benchmark curve | Level 3 | Residential mortgage servicing rights | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing asset, measurement input	0.0755	0.0765
Measurement Input, Constant Prepayment Rate | Level 3 | Commercial Mortgages | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing asset, measurement input	0.043	0.053
Measurement Input, Constant Prepayment Rate | Level 3 | Commercial Mortgages | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing asset, measurement input	0.074	0.097
Measurement Input, Constant Prepayment Rate | Level 3 | Commercial Mortgages | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing asset, measurement input	0.044	0.055
Measurement Input, Constant Prepayment Rate | Level 3 | Residential mortgage-backed non-agency securities | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.010	0.010
Measurement Input, Constant Prepayment Rate | Level 3 | Residential mortgage-backed non-agency securities | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.279	0.279
Measurement Input, Constant Prepayment Rate | Level 3 | Residential mortgage-backed non-agency securities | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.042	0.037
Measurement Input, Constant Prepayment Rate | Level 3 | Asset-backed | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.010	0.010
Measurement Input, Constant Prepayment Rate | Level 3 | Asset-backed | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.080	0.280
Measurement Input, Constant Prepayment Rate | Level 3 | Asset-backed | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.038	0.051
Measurement Input, Constant Prepayment Rate | Level 3 | Residential mortgage servicing rights | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing asset, measurement input	0	0
Measurement Input, Constant Prepayment Rate | Level 3 | Residential mortgage servicing rights | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing asset, measurement input	0.403	0.336
Measurement Input, Constant Prepayment Rate | Level 3 | Residential mortgage servicing rights | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing asset, measurement input	0.064	0.064
Measurement Input, Constant Default Rate | Level 3 | Residential mortgage-backed non-agency securities | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0	0
Measurement Input, Constant Default Rate | Level 3 | Residential mortgage-backed non-agency securities | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.120	0.120
Measurement Input, Constant Default Rate | Level 3 | Residential mortgage-backed non-agency securities | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.019	0.027
Measurement Input, Constant Default Rate | Level 3 | Asset-backed | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0	0
Measurement Input, Constant Default Rate | Level 3 | Asset-backed | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.071	0.043
Measurement Input, Constant Default Rate | Level 3 | Asset-backed | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.015	0.017
Cumulative default rate | Level 3 | Minimum | Loans - Residential real estate - Uninsured | Total consumer lending
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivable, measurement input	0.036	0.036
Cumulative default rate | Level 3 | Minimum | Loans - Home equity - First-lien | Total consumer lending
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivable, measurement input	0.036	0.036
Cumulative default rate | Level 3 | Maximum | Loans - Residential real estate - Uninsured | Total consumer lending
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivable, measurement input	1	1
Cumulative default rate | Level 3 | Maximum | Loans - Home equity - First-lien | Total consumer lending
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivable, measurement input	1	1
Cumulative default rate | Level 3 | Weighted Average | Loans - Residential real estate - Uninsured | Total consumer lending
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivable, measurement input	0.525	0.591
Cumulative default rate | Level 3 | Weighted Average | Loans - Home equity - First-lien | Total consumer lending
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivable, measurement input	0.516	0.609
Measurement Input, Loss Severity | Level 3 | Minimum | Loans - Residential real estate - Uninsured | Total consumer lending
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivable, measurement input	0	0
Measurement Input, Loss Severity | Level 3 | Minimum | Loans - Home equity - First-lien | Total consumer lending
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivable, measurement input	0	0
Measurement Input, Loss Severity | Level 3 | Maximum | Loans - Residential real estate - Uninsured | Total consumer lending
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivable, measurement input	1	1
Measurement Input, Loss Severity | Level 3 | Maximum | Loans - Home equity - First-lien | Total consumer lending
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivable, measurement input	1	1
Measurement Input, Loss Severity | Level 3 | Weighted Average | Loans - Residential real estate - Uninsured | Total consumer lending
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivable, measurement input	0.050	0.054
Measurement Input, Loss Severity | Level 3 | Weighted Average | Residential real estate | Total consumer lending
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivable, measurement input	0.060	0.060
Measurement Input, Loss Severity | Level 3 | Weighted Average | Loans - Home equity - First-lien | Total consumer lending
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivable, measurement input	0.123	0.144
Measurement Input, Loss Severity | Level 3 | Residential mortgage-backed non-agency securities | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.150	0.100
Measurement Input, Loss Severity | Level 3 | Residential mortgage-backed non-agency securities | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.690	0.690
Measurement Input, Loss Severity | Level 3 | Residential mortgage-backed non-agency securities | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.424	0.412
Measurement Input, Loss Severity | Level 3 | Asset-backed | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.350	0.200
Measurement Input, Loss Severity | Level 3 | Asset-backed | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	1	1
Measurement Input, Loss Severity | Level 3 | Asset-backed | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.453	0.495
Measurement Input, Discount Rate | Level 3 | Minimum | Loans - Residential real estate - Uninsured | Total consumer lending
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivable, measurement input	0.055	0.055
Measurement Input, Discount Rate | Level 3 | Minimum | Loans - Home equity - First-lien | Total consumer lending
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivable, measurement input	0.055	0.055
Measurement Input, Discount Rate | Level 3 | Maximum | Loans - Residential real estate - Uninsured | Total consumer lending
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivable, measurement input	0.075	0.075
Measurement Input, Discount Rate | Level 3 | Maximum | Loans - Home equity - First-lien | Total consumer lending
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivable, measurement input	0.075	0.075
Measurement Input, Discount Rate | Level 3 | Weighted Average | Loans - Residential real estate - Uninsured | Total consumer lending
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivable, measurement input	0.057	0.058
Measurement Input, Discount Rate | Level 3 | Weighted Average | Residential real estate | Total consumer lending
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivable, measurement input	0.072	0.078
Measurement Input, Discount Rate | Level 3 | Weighted Average | Loans - Home equity - First-lien | Total consumer lending
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivable, measurement input	0.061	0.062
Measurement Input, Discount Rate | Level 3 | Commercial Mortgages | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing asset, measurement input	0.096	0.076
Measurement Input, Discount Rate | Level 3 | Commercial Mortgages | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing asset, measurement input	0.115	0.100
Measurement Input, Discount Rate | Level 3 | Commercial Mortgages | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing asset, measurement input	0.112	0.096
Credit and liquidity discount | Level 3 | Minimum | Loans - Home equity - Second-lien | Total consumer lending
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivable, measurement input	0.003	0.003
Credit and liquidity discount | Level 3 | Maximum | Loans - Home equity - Second-lien | Total consumer lending
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivable, measurement input	1	1
Credit and liquidity discount | Level 3 | Weighted Average | Loans - Home equity - Second-lien | Total consumer lending
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivable, measurement input	0.412	0.438
Multiple of earnings | Level 3 | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities, measurement input	0.055	0.045
Multiple of earnings | Level 3 | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities, measurement input	0.267	0.267
Multiple of earnings | Level 3 | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities, measurement input	0.105	0.101
Estimated Conversion Factor | Level 3 | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, measurement input	1.54	1.59
Estimated Annual Growth Rate | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, measurement input	0.160	0.160

Fair Value (Nonrecurring) (Deta

Fair Value (Nonrecurring) (Details) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets - gains (losses)	$ (293)	$ (440)	$ (303)
Level 3 | Nonaccrual loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets - gains (losses)	(279)	(410)	(287)
Level 3 | OREO and Foreclosed Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets - gains (losses)	(1)	(1)
Level 3 | Equity investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	198	203
Total assets - gains (losses)	(1)		(1)
Level 3 | Long-lived Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	18	9
Total assets - gains (losses)	(12)	(29)	$ (15)
Level 1 | Equity investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		30
Fair Value of Property or Collateral | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	853	802
Fair Value of Property or Collateral | Level 3 | Nonaccrual loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	629	578
Fair Value of Property or Collateral | Level 3 | OREO and Foreclosed Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 8	$ 12

Fair Value (Fair Value Option -

Fair Value (Fair Value Option - Fair Value and Principal Balances (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Loans Held For Sale | Residential Mortgages
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value - Assets	$ 628	$ 474
Aggregate Unpaid Principal Balance - Assets	635	478
Difference - Assets	(7)	(4)
Loans Held For Sale | Accruing loans less than 90 days past due | Residential Mortgages
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value - Assets	588	432
Aggregate Unpaid Principal Balance - Assets	588	429
Difference - Assets		3
Loans Held For Sale | Accruing loans less than 90 days past due | Commercial Mortgage
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value - Assets	203	238
Aggregate Unpaid Principal Balance - Assets	200	228
Difference - Assets	3	10
Loans Held For Sale | Accruing loans 90 days or more past due | Residential Mortgages
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value - Assets	11	6
Aggregate Unpaid Principal Balance - Assets	11	6
Difference - Assets
Loans Held For Sale | Nonaccrual loans | Residential Mortgages
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value - Assets	29	36
Aggregate Unpaid Principal Balance - Assets	36	43
Difference - Assets	(7)	(7)
Loans | Residential Mortgages
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value - Assets	1,156	1,238
Aggregate Unpaid Principal Balance - Assets	1,360	1,469
Difference - Assets	(204)	(231)
Loans | Accruing loans less than 90 days past due | Residential Mortgages
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value - Assets	494	507
Aggregate Unpaid Principal Balance - Assets	505	520
Difference - Assets	(11)	(13)
Loans | Accruing loans 90 days or more past due | Residential Mortgages
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value - Assets	126	146
Aggregate Unpaid Principal Balance - Assets	137	156
Difference - Assets	(11)	(10)
Loans | Nonaccrual loans | Residential Mortgages
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value - Assets	536	585
Aggregate Unpaid Principal Balance - Assets	718	793
Difference - Assets	(182)	(208)
Other assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value - Assets	133	85
Aggregate Unpaid Principal Balance - Assets	142	69
Difference - Assets	(9)	16
Other borrowed funds
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value - Liabilities	34	39
Aggregate Unpaid Principal Balance - Liabilities	35	40
Difference - Liabilities	(1)	(1)
Other Liabilities With Contractual Unpaid Principal Balance
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value - Liabilities	28
Aggregate Unpaid Principal Balance - Liabilities	32
Difference - Liabilities	(4)
Other Liabilities Without Contractual Unpaid Principal Balance
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value - Liabilities	106	124
Aggregate Unpaid Principal Balance - Liabilities
Difference - Liabilities	$ 106	$ 124

Fair Value (Fair Value Option_2

Fair Value (Fair Value Option - Changes in Fair Value) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Loans Held For Sale | Residential Mortgages
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) - FVO: Changes in Fair Value	$ 10	$ 32	$ (80)
Loans Held For Sale | Commercial Mortgages
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) - FVO: Changes in Fair Value	24	53	52
Loans | Residential Mortgages
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) - FVO: Changes in Fair Value	21	26	42
Other assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) - FVO: Changes in Fair Value	25	7	(16)
Other liabilities
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) - FVO: Changes in Fair Value	$ (19)	$ (41)	$ (67)

Fair Value (Additional Fair Val

Fair Value (Additional Fair Value Information Related To Financial Instruments) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Financial Instruments, Financial Assets, Balance Sheet Groupings
Securities held-to-maturity	$ 73,058	$ 86,948
Carrying Amount
Financial Instruments, Financial Assets, Balance Sheet Groupings
Cash and due from banks	6,904	6,921
Interest-earning deposits with banks	39,347	43,804
Securities held-to-maturity	77,698	90,790
Net loans (excludes leases)	304,129	308,936
Other assets	5,722	5,872
Total assets	433,800	456,323
Financial Instruments, Financial Liabilities, Balance Sheet Groupings
Time deposits	34,339	31,569
Borrowed funds	60,302	71,816
Unfunded lending related commitments	719	663
Other liabilities	1,058	1,091
Total liabilities	96,418	105,139
Fair Value
Financial Instruments, Financial Assets, Balance Sheet Groupings
Cash and due from banks	6,904	6,921
Interest-earning deposits with banks	39,347	43,804
Securities held-to-maturity	73,058	86,948
Net loans (excludes leases)	298,241	299,645
Other assets	5,722	5,872
Total assets	423,272	443,190
Financial Instruments, Financial Liabilities, Balance Sheet Groupings
Time deposits	34,383	31,602
Borrowed funds	61,260	72,369
Unfunded lending related commitments	719	663
Other liabilities	1,058	1,091
Total liabilities	97,420	105,725
Fair Value | Level 1
Financial Instruments, Financial Assets, Balance Sheet Groupings
Cash and due from banks	6,904	6,921
Interest-earning deposits with banks	38,993	43,313
Securities held-to-maturity	23,992	30,943
Total assets	69,889	81,177
Fair Value | Level 2
Financial Instruments, Financial Assets, Balance Sheet Groupings
Interest-earning deposits with banks	354	491
Securities held-to-maturity	48,914	55,850
Other assets	5,713	5,872
Total assets	54,981	62,213
Financial Instruments, Financial Liabilities, Balance Sheet Groupings
Time deposits	34,383	31,602
Borrowed funds	60,350	71,194
Other liabilities	1,058	1,091
Total liabilities	95,791	103,887
Fair Value | Level 3
Financial Instruments, Financial Assets, Balance Sheet Groupings
Securities held-to-maturity	152	155
Net loans (excludes leases)	298,241	299,645
Other assets	9
Total assets	298,402	299,800
Financial Instruments, Financial Liabilities, Balance Sheet Groupings
Borrowed funds	910	1,175
Unfunded lending related commitments	719	663
Total liabilities	$ 1,629	$ 1,838

Financial Derivatives (Narrativ

Financial Derivatives (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Gain (loss) on net investment hedge derivatives	$ 24,000,000	$ (53,000,000)	$ 119,000,000
Cash and securities held to collateralize net derivative assets	2,400,000,000
Cash and securities pledged to collateralize net derivative liabilities	2,300,000,000
Net derivative liabilities with credit-risk contingent features	3,900,000,000	4,200,000,000
Collateral posted	1,100,000,000	1,000,000,000
Maximum additional amount of collateral exposure	2,800,000,000	3,200,000,000
Cash Flow Hedging | Interest rate contracts
Derivative [Line Items]
Cash flow hedge gain (loss) to be reclassified within twelve months	600,000,000
Cash flow hedge gain (loss) to be reclassified within twelve months, net of tax	$ 500,000,000
Maximum length of time over which forecasted loan cash flows are hedged	10 years
Net Investment Hedging | Foreign exchange contracts
Derivative [Line Items]
Gain (loss) from components excluded from assessment of net investment hedge effectiveness net	$ 0	$ 0	$ 0

Financial Derivatives (Total Gr

Financial Derivatives (Total Gross Derivatives) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Derivative [Line Items]
Derivative, notional amount	$ 701,952	$ 656,051
Derivative asset, fair value	3,011	3,429
Derivative liability, fair value	5,495	5,899
Derivative asset, fair value offset amount	1,298	1,406
Derivative liability, fair value offset amount	1,298	1,406
Derivative asset, cash collateral	897	1,126
Derivative liability, cash collateral	1,029	955
Derivative Asset, Net	816	897
Derivative Liability, Net	3,168	3,538
Commodity contracts:
Derivative [Line Items]
Derivative asset, fair value	521	765
Derivative liability, fair value	496	757
Derivative asset, cash collateral	85	283
Derivative liability, cash collateral	2
Derivative Asset, Net	140	166
Derivative Liability, Net	101	425
Foreign exchange contracts and other
Derivative [Line Items]
Derivative asset, fair value	561	307
Derivative liability, fair value	513	494
Derivative asset, cash collateral	183	76
Derivative liability, cash collateral	8	13
Derivative Asset, Net	219	117
Derivative Liability, Net	332	292
Designated as Hedging Instrument
Derivative [Line Items]
Derivative, notional amount	130,740	91,555
Derivative asset, fair value	163	327
Derivative liability, fair value	170	139
Designated as Hedging Instrument | Fair Value Hedging | Interest rate contracts
Derivative [Line Items]
Derivative, notional amount	53,750	32,079
Designated as Hedging Instrument | Cash Flow Hedging | Interest Rate Swap
Derivative [Line Items]
Derivative, notional amount	50,721	33,302
Derivative asset, fair value
Derivative liability, fair value	2
Designated as Hedging Instrument | Cash Flow Hedging | Interest Rate Floor And Cap
Derivative [Line Items]
Derivative, notional amount	25,000	25,000
Derivative asset, fair value	149	327
Derivative liability, fair value	168	137
Designated as Hedging Instrument | Net Investment Hedging | Foreign exchange contracts
Derivative [Line Items]
Derivative, notional amount	1,269	1,174
Derivative asset, fair value	14
Derivative liability, fair value		2
Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative, notional amount	571,212	564,496
Derivative asset, fair value	2,848	3,102
Derivative liability, fair value	5,325	5,760
Not Designated as Hedging Instrument | Mortgage Banking | Interest rate contracts
Derivative [Line Items]
Derivative, notional amount	63,816	72,457
Derivative asset, fair value	92	112
Derivative liability, fair value	79	89
Not Designated as Hedging Instrument | Mortgage Banking | Swap | Interest rate contracts
Derivative [Line Items]
Derivative, notional amount	35,941	43,450
Derivative asset, fair value
Derivative liability, fair value
Not Designated as Hedging Instrument | Mortgage Banking | Future | Interest rate contracts
Derivative [Line Items]
Derivative, notional amount	9,962	10,370
Not Designated as Hedging Instrument | Mortgage Banking | Mortgage-backed commitments | Interest rate contracts
Derivative [Line Items]
Derivative, notional amount	4,815	3,093
Derivative asset, fair value	73	66
Derivative liability, fair value	66	67
Not Designated as Hedging Instrument | Mortgage Banking | Other Contract | Interest rate contracts
Derivative [Line Items]
Derivative, notional amount	13,098	15,544
Derivative asset, fair value	19	46
Derivative liability, fair value	13	22
Not Designated as Hedging Instrument | Customer-related Contracts
Derivative [Line Items]
Derivative, notional amount	496,365	477,157
Derivative asset, fair value	2,612	2,978
Derivative liability, fair value	5,097	5,418
Not Designated as Hedging Instrument | Customer-related Contracts | Interest rate contracts
Derivative [Line Items]
Derivative, notional amount	442,415	432,761
Derivative asset, fair value	1,688	1,918
Derivative liability, fair value	4,237	4,422
Not Designated as Hedging Instrument | Customer-related Contracts | Commodity contracts:
Derivative [Line Items]
Derivative, notional amount	15,221	11,511
Derivative asset, fair value	521	765
Derivative liability, fair value	496	757
Not Designated as Hedging Instrument | Customer-related Contracts | Foreign exchange contracts and other
Derivative [Line Items]
Derivative, notional amount	38,729	32,885
Derivative asset, fair value	403	295
Derivative liability, fair value	364	239
Not Designated as Hedging Instrument | Customer-related Contracts | Swap | Interest rate contracts
Derivative [Line Items]
Derivative, notional amount	406,747	401,607
Derivative asset, fair value	1,544	1,723
Derivative liability, fair value	4,130	4,228
Not Designated as Hedging Instrument | Customer-related Contracts | Swap | Commodity contracts:
Derivative [Line Items]
Derivative, notional amount	6,725	6,714
Derivative asset, fair value	313	577
Derivative liability, fair value	288	569
Not Designated as Hedging Instrument | Customer-related Contracts | Future | Interest rate contracts
Derivative [Line Items]
Derivative, notional amount	113	73
Not Designated as Hedging Instrument | Customer-related Contracts | Mortgage-backed commitments | Interest rate contracts
Derivative [Line Items]
Derivative, notional amount	3,275	2,592
Derivative asset, fair value	21	9
Derivative liability, fair value	7	25
Not Designated as Hedging Instrument | Customer-related Contracts | Other Contract | Interest rate contracts
Derivative [Line Items]
Derivative, notional amount	32,280	28,489
Derivative asset, fair value	123	186
Derivative liability, fair value	100	169
Not Designated as Hedging Instrument | Customer-related Contracts | Other Contract | Commodity contracts:
Derivative [Line Items]
Derivative, notional amount	8,496	4,797
Derivative asset, fair value	208	188
Derivative liability, fair value	208	188
Not Designated as Hedging Instrument | Other Risk Management Activity | Foreign exchange contracts and other
Derivative [Line Items]
Derivative, notional amount	11,031	14,882
Derivative asset, fair value	144	12
Derivative liability, fair value	$ 149	$ 253

Financial Derivatives (Gains (L

Financial Derivatives (Gains (Losses) Recognized on Fair Value and Cash Flow Hedges in Consolidated Income Statement) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Loans, interest income	$ 19,346	$ 18,299	$ 11,795
Investment securities, interest income	4,123	3,545	2,726
Borrowed funds, interest expense	4,484	3,783	1,155
Total other income	711	619	952
Other amounts related to interest settlements on derivatives	52	115	41
Interest Income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on related hedged items recognized in income	(182)	2	(136)
Interest Income | Loans
Derivative Instruments, Gain (Loss) [Line Items]
Amount of derivative gains (losses) reclassified from accumulated other comprehensive income	(1,257)	(1,512)	(259)
Interest Income | Investment Securities
Derivative Instruments, Gain (Loss) [Line Items]
Amount of derivative gains (losses) reclassified from accumulated other comprehensive income	(32)	(28)	(1)
Borrowed Funds Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on related hedged items recognized in income	320	(545)	1,945
Noninterest Income
Derivative Instruments, Gain (Loss) [Line Items]
Amount of derivative gains (losses) reclassified from accumulated other comprehensive income	(28)
Fair Value Hedging | Designated as Hedging Instrument | Interest Income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives recognized in income	183	2	143
Interest settlements on derivatives	128	28	(2)
Fair Value Hedging | Designated as Hedging Instrument | Borrowed Funds Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives recognized in income	(357)	531	(1,976)
Interest settlements on derivatives	$ (694)	$ (605)	$ 120

Financial Derivatives (Hedged I

Financial Derivatives (Hedged Items- Fair Value Hedges) (Details) - Designated as Hedging Instrument - Fair Value Hedging - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Borrowed Funds
Derivative Instruments, Gain (Loss) [Line Items]
Carrying Value of the Hedged Items	$ 35,139	$ 30,503
Cumulative fair value hedge adjustment included in the carrying value of hedged items	(1,057)	(737)
Borrowed Funds Discontinued Relationships
Derivative Instruments, Gain (Loss) [Line Items]
Fair value hedge adjustments related to discontinued available-for-sale securities and borrowed funds hedge relationships, less than	(100)	(100)
Investment Securities
Derivative Instruments, Gain (Loss) [Line Items]
Carrying Value of the Hedged Items	18,716	2,076
Cumulative fair value hedge adjustment included in the carrying value of hedged items	$ (305)	$ (122)

Financial Derivatives (Risk Par

Financial Derivatives (Risk Participation Agreements) (Details) - Risk Participation Agreements Sold - USD ($) $ in Billions	Dec. 31, 2024	Dec. 31, 2023
Derivative [Line Items]
Sold - notional amount	$ 7.4	$ 8
Maximum potential amount of exposure	$ 0.1	$ 0.2

Financial Derivatives (Gains _2

Financial Derivatives (Gains (Losses) on Derivatives Not Designated As Hedging) (Details) - Not Designated as Hedging Instrument - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Total gains (losses) from derivatives not designated as hedging instruments	$ 8	$ (260)	$ (85)
Mortgage Banking | Interest rate contracts
Derivative [Line Items]
Total gains (losses) from derivatives not designated as hedging instruments	(201)	(70)	(671)
Customer-related Contracts
Derivative [Line Items]
Total gains (losses) from derivatives not designated as hedging instruments	123	205	331
Customer-related Contracts | Interest rate contracts
Derivative [Line Items]
Total gains (losses) from derivatives not designated as hedging instruments	(26)	(15)	220
Customer-related Contracts | Foreign exchange contracts and other
Derivative [Line Items]
Total gains (losses) from derivatives not designated as hedging instruments	149	220	111
Other Risk Management Activity | Foreign exchange contracts and other
Derivative [Line Items]
Total gains (losses) from derivatives not designated as hedging instruments	$ 86	$ (395)	$ 255

Financial Derivatives (Derivati

Financial Derivatives (Derivative Assets and Liabilities Offsetting) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Derivative Asset, Fair Value, Amount Offset Against Collateral [Abstract]
Gross Fair Value	$ 3,011	$ 3,429
Fair Value Offset Amount	1,298	1,406
Cash Collateral	897	1,126
Derivative Asset, Net	816	897
Securities Collateral Held /Pledged Under Master Netting Agreements	45	66
Net Amounts	771	831
Derivative Liability, Fair Value, Amount Offset Against Collateral [Abstract]
Gross Fair Value	5,495	5,899
Fair Value Offset Amount	1,298	1,406
Cash Collateral	1,029	955
Derivative Liability, Net	3,168	3,538
Securities Collateral Held /Pledged Under Master Netting Agreements	57	58
Net Amounts	3,111	3,480
Commodity contracts
Derivative Asset, Fair Value, Amount Offset Against Collateral [Abstract]
Gross Fair Value	521	765
Fair Value Offset Amount	296	316
Cash Collateral	85	283
Derivative Asset, Net	140	166
Securities Collateral Held /Pledged Under Master Netting Agreements	5	5
Net Amounts	135	161
Derivative Liability, Fair Value, Amount Offset Against Collateral [Abstract]
Gross Fair Value	496	757
Fair Value Offset Amount	393	332
Cash Collateral	2
Derivative Liability, Net	101	425
Net Amounts	101	425
Foreign exchange and other contracts
Derivative Asset, Fair Value, Amount Offset Against Collateral [Abstract]
Gross Fair Value	561	307
Fair Value Offset Amount	159	114
Cash Collateral	183	76
Derivative Asset, Net	219	117
Securities Collateral Held /Pledged Under Master Netting Agreements	2
Net Amounts	217	117
Derivative Liability, Fair Value, Amount Offset Against Collateral [Abstract]
Gross Fair Value	513	494
Fair Value Offset Amount	173	189
Cash Collateral	8	13
Derivative Liability, Net	332	292
Net Amounts	332	292
Over-the-counter cleared | Interest rate contracts:
Derivative Asset, Fair Value, Amount Offset Against Collateral [Abstract]
Gross Fair Value	35	19
Derivative Asset, Net	35	19
Net Amounts	35	19
Derivative Liability, Fair Value, Amount Offset Against Collateral [Abstract]
Gross Fair Value	17	36
Derivative Liability, Net	17	36
Net Amounts	17	36
Over-the-counter | Interest rate contracts:
Derivative Asset, Fair Value, Amount Offset Against Collateral [Abstract]
Gross Fair Value	1,894	2,338
Fair Value Offset Amount	843	976
Cash Collateral	629	767
Derivative Asset, Net	422	595
Securities Collateral Held /Pledged Under Master Netting Agreements	38	61
Net Amounts	384	534
Derivative Liability, Fair Value, Amount Offset Against Collateral [Abstract]
Gross Fair Value	4,469	4,612
Fair Value Offset Amount	732	885
Cash Collateral	1,019	942
Derivative Liability, Net	2,718	2,785
Securities Collateral Held /Pledged Under Master Netting Agreements	57	58
Net Amounts	$ 2,661	$ 2,727

Financial Derivatives (Credit-R

Financial Derivatives (Credit-Risk Contingent Features) (Details) - USD ($) $ in Billions	Dec. 31, 2024	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Net derivative liabilities with credit-risk contingent features	$ 3.9	$ 4.2
Collateral posted	1.1	1
Maximum additional amount of collateral exposure	$ 2.8	$ 3.2

Employee Benefit Plans (Narrati

Employee Benefit Plans (Narrative) (Details) - USD ($) $ in Thousands				12 Months Ended
	Jan. 01, 2024	Jan. 01, 2023	Jan. 01, 2022	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Retirement Benefits [Abstract]
Minimum annual earnings credit per participant				$ 2
Percentage of bonds with highest yields excluded from calculation of yield curve for pension plan assumptions				10%
Percentage of bonds with lowest yields excluded from calculation of yield curve for pension plan assumptions				40%
Pension plan, decline in discount rate (percent)				0.50%
Expected long-term return on plan assets	6.60%	6.20%	4.50%
Expected long-term return on plan assets for next fiscal year				6.10%
Defined Contribution Plan, eligible compensation for deferral in absence of election otherwise (percent)				4%
Defined Contribution Plan, employee benefit plan expense				$ 182,000	$ 188,000	$ 175,000

Employee Benefit Plans (Reconci

Employee Benefit Plans (Reconciliation of Changes in Projected Benefit Obligation and Change in Plan Assets) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, beginning balance	$ 5,615
Fair value of plan assets, end balance	5,506	$ 5,615
Pension Plans | Qualified Plan
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation at end of year	4,496	4,601
Projected benefit obligation at beginning of year	4,641	4,543
Service cost	128	130	$ 142
Interest cost	240	249	156
Actuarial (gains)/losses and changes in assumptions	(91)	45
Benefits paid	(389)	(326)
Projected benefit obligation at end of year	4,529	4,641	4,543
Fair value of plan assets, beginning balance	5,615	5,400
Actual return on plan assets	280	541
Benefits paid	(389)	(326)
Fair value of plan assets, end balance	5,506	5,615	5,400
Funded status	977	974
Noncurrent asset	977	974
Net amount recognized on the consolidated balance sheet	977	974
Prior service cost (credit)	7	11
Net actuarial loss (gain)	135	148
Amount recognized in AOCI	142	159
Pension Plans | Nonqualified Plan
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation at end of year	205	212
Projected benefit obligation at beginning of year	217	222
Service cost	3	3	3
Interest cost	11	11	7
Actuarial (gains)/losses and changes in assumptions		3
Benefits paid	(21)	(22)
Projected benefit obligation at end of year	210	217	222
Fair value of plan assets, beginning balance
Employer contribution	21	22
Benefits paid	(21)	(22)
Fair value of plan assets, end balance
Funded status	(210)	(217)
Current liability	(24)	(23)
Noncurrent liability	(186)	(194)
Net amount recognized on the consolidated balance sheet	(210)	(217)
Net actuarial loss (gain)	32	33
Amount recognized in AOCI	32	33
Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation at beginning of year	261	260
Service cost	3	3	4
Interest cost	13	14	9
Actuarial (gains)/losses and changes in assumptions	(12)	7
Participant contributions	2	2
Benefits paid	(24)	(25)
Projected benefit obligation at end of year	243	261	260
Fair value of plan assets, beginning balance	257	242
Actual return on plan assets	3	16
Employer contribution	22	22
Participant contributions	2	2
Benefits paid	(24)	(25)
Fair value of plan assets, end balance	260	257	$ 242
Funded status	17	(4)
Noncurrent asset	46	26
Current liability	(3)	(3)
Noncurrent liability	(26)	(27)
Net amount recognized on the consolidated balance sheet	17	(4)
Prior service cost (credit)	1	1
Net actuarial loss (gain)	(34)	(31)
Amount recognized in AOCI	$ (33)	$ (30)

Employee Benefit Plans (Asset S

Employee Benefit Plans (Asset Strategy Allocation) (Details)	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Target allocation range	100%
Percentage of plan assets by strategy	100%	100%
Domestic Equity
Defined Benefit Plan Disclosure [Line Items]
Percentage of plan assets by strategy	21%	22%
Domestic Equity | Minimum
Defined Benefit Plan Disclosure [Line Items]
Target allocation range	15%
Domestic Equity | Maximum
Defined Benefit Plan Disclosure [Line Items]
Target allocation range	40%
International Equity
Defined Benefit Plan Disclosure [Line Items]
Percentage of plan assets by strategy	17%	19%
International Equity | Minimum
Defined Benefit Plan Disclosure [Line Items]
Target allocation range	10%
International Equity | Maximum
Defined Benefit Plan Disclosure [Line Items]
Target allocation range	25%
Private Equity
Defined Benefit Plan Disclosure [Line Items]
Percentage of plan assets by strategy	12%	11%
Private Equity | Minimum
Defined Benefit Plan Disclosure [Line Items]
Target allocation range	0%
Private Equity | Maximum
Defined Benefit Plan Disclosure [Line Items]
Target allocation range	15%
Total Equity
Defined Benefit Plan Disclosure [Line Items]
Percentage of plan assets by strategy	50%	52%
Actual percentage of the fair value of total Plan assets held	63%
Total Equity | Minimum
Defined Benefit Plan Disclosure [Line Items]
Target allocation range	30%
Total Equity | Maximum
Defined Benefit Plan Disclosure [Line Items]
Target allocation range	70%
Domestic Fixed Income
Defined Benefit Plan Disclosure [Line Items]
Percentage of plan assets by strategy	31%	29%
Domestic Fixed Income | Minimum
Defined Benefit Plan Disclosure [Line Items]
Target allocation range	10%
Domestic Fixed Income | Maximum
Defined Benefit Plan Disclosure [Line Items]
Target allocation range	40%
High Yield Fixed Income
Defined Benefit Plan Disclosure [Line Items]
Percentage of plan assets by strategy	8%	9%
High Yield Fixed Income | Minimum
Defined Benefit Plan Disclosure [Line Items]
Target allocation range	0%
High Yield Fixed Income | Maximum
Defined Benefit Plan Disclosure [Line Items]
Target allocation range	25%
Total Fixed Income
Defined Benefit Plan Disclosure [Line Items]
Percentage of plan assets by strategy	39%	38%
Actual percentage of the fair value of total Plan assets held	25%
Total Fixed Income | Minimum
Defined Benefit Plan Disclosure [Line Items]
Target allocation range	10%
Total Fixed Income | Maximum
Defined Benefit Plan Disclosure [Line Items]
Target allocation range	65%
Real Estate
Defined Benefit Plan Disclosure [Line Items]
Percentage of plan assets by strategy	6%	6%
Actual percentage of the fair value of total Plan assets held	6%
Real Estate | Minimum
Defined Benefit Plan Disclosure [Line Items]
Target allocation range	0%
Real Estate | Maximum
Defined Benefit Plan Disclosure [Line Items]
Target allocation range	10%
Other
Defined Benefit Plan Disclosure [Line Items]
Percentage of plan assets by strategy	5%	4%
Actual percentage of the fair value of total Plan assets held	6%
Other | Minimum
Defined Benefit Plan Disclosure [Line Items]
Target allocation range	0%
Other | Maximum
Defined Benefit Plan Disclosure [Line Items]
Target allocation range	20%

Employee Benefit Plans (Pension

Employee Benefit Plans (Pension Plan Assets Fair Value Hierarchy) (Details) - PNC Pension Plan - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 5,506	$ 5,615
Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,078	1,342
Level 1 | Interest-bearing cash
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	56	46
Level 1 | Money market funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	220	186
Level 1 | U.S. government and agency securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	391	394
Level 1 | Common stock
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	410	716
Level 1 | Other
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1
Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,173	1,086
Level 2 | U.S. government and agency securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	302	145
Level 2 | Corporate debt
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	684	749
Level 2 | Mutual funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	147	160
Level 2 | Other
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	40	32
Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1	2
Level 3 | Corporate debt
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1	2
Level 3 | Common stock
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets
Fair Value, Inputs, Level 1, 2 and 3 | Interest-bearing cash
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	56	46
Fair Value, Inputs, Level 1, 2 and 3 | Money market funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	220	186
Fair Value, Inputs, Level 1, 2 and 3 | U.S. government and agency securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	693	539
Fair Value, Inputs, Level 1, 2 and 3 | Corporate debt
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	685	751
Fair Value, Inputs, Level 1, 2 and 3 | Common stock
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	410	716
Fair Value, Inputs, Level 1, 2 and 3 | Mutual funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	147	160
Fair Value, Inputs, Level 1, 2 and 3 | Other
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	41	32
Fair Value Measured at Net Asset Value Per Share
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 3,254	$ 3,185

Employee Benefit Plans (Estimat

Employee Benefit Plans (Estimated Cash Flows) (Details) $ in Millions	Dec. 31, 2024 USD ($)
Pension Plans | Qualified Plan
Estimated future benefit payments
2025	$ 335
2026	345
2027	347
2028	350
2029	347
2030-2034	1,709
Pension Plans | Nonqualified Plan
Defined Benefit Plan Disclosure [Line Items]
Estimated 2025 employer contributions	24
Estimated future benefit payments
2025	24
2026	24
2027	24
2028	23
2029	22
2030-2034	89
Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Estimated 2025 employer contributions	22
Estimated future benefit payments
2025	22
2026	22
2027	22
2028	21
2029	21
2030-2034	$ 100

Employee Benefit Plans (Net Per

Employee Benefit Plans (Net Periodic Costs (Components of Net Periodic Benefit Costs) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Total recognized in OCI	$ (21)	$ (166)	$ 363
Pension Plans | Qualified Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	128	130	142
Interest cost	240	249	156
Expected return on plan assets	(358)	(324)	(298)
Amortization of prior service cost	4	4	3
Net periodic cost	14	59	3
Amortization of prior service (cost)	(4)	(4)	(3)
Current year actuarial loss/(gain)	(13)	(173)	508
Total recognized in OCI	(17)	(177)	505
Total amounts recognized in net periodic cost and OCI	(3)	(118)	508
Pension Plans | Nonqualified Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	3	3	3
Interest cost	11	11	7
Amortization of actuarial loss/(gain)	1	1	5
Net periodic cost	15	15	15
Current year actuarial loss/(gain)		3	(44)
Amortization of actuarial gain/(loss)	(1)	(1)	(5)
Total recognized in OCI	(1)	2	(49)
Total amounts recognized in net periodic cost and OCI	14	17	(34)
Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	3	3	4
Interest cost	13	14	9
Expected return on plan assets	(11)	(10)	(6)
Amortization of actuarial loss/(gain)	(1)
Net periodic cost	4	7	7
Current year actuarial loss/(gain)	(4)	1	(30)
Amortization of actuarial gain/(loss)	1
Total recognized in OCI	(3)	1	(30)
Total amounts recognized in net periodic cost and OCI	$ 1	$ 8	$ (23)

Employee Benefit Plans (Net P_2

Employee Benefit Plans (Net Periodic Costs (Assumptions) (Details)	Jan. 01, 2024	Jan. 01, 2023	Jan. 01, 2022
Defined Benefit Plan Disclosure [Line Items]
Rate of compensation increase (average)	4.25%	4.25%	4.25%
Assumed health care cost trend rate - Initial trend	6%	6%	6%
Assumed health care cost trend rate - Ultimate trend	4.50%	4.50%	4.50%
Assumed health care cost trend rate - Year ultimate trend reached	2030	2029	2028
Expected long-term return on plan assets	6.60%	6.20%	4.50%
Pension Plans | Qualified Plan
Defined Benefit Plan Disclosure [Line Items]
Discount rate	5.25%	5.55%	2.90%
Interest crediting rate (average)	4.35%	4.65%	3.70%
Pension Plans | Nonqualified Plan
Defined Benefit Plan Disclosure [Line Items]
Discount rate	5.10%	5.45%	2.65%
Interest crediting rate (average)	4.45%	4.80%	4%
Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Discount rate	5.15%	5.50%	2.80%
Interest crediting rate (average)	4%	4.30%	1.65%

Employee Benefit Plans (Other P

Employee Benefit Plans (Other Pension Assumptions) (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Rate of compensation increase (average)	4.25%	4.25%
Assumed health care cost trend rate Initial trend	6.50%	6%
Assumed health care cost trend rate Ultimate trend	4.50%	4.50%
Assumed health care cost trend rate Year ultimate trend reached	2033	2030
Pension Plans | Qualified Plan
Defined Benefit Plan Disclosure [Line Items]
Discount rate	5.75%	5.25%
Interest crediting rate (average)	4.70%	4.35%
Pension Plans | Nonqualified Plan
Defined Benefit Plan Disclosure [Line Items]
Discount rate	5.50%	5.10%
Interest crediting rate (average)	4.75%	4.45%
Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Discount rate	5.60%	5.15%
Interest crediting rate (average)	4.50%	4%

Stock Based Compensation Plan_2

Stock Based Compensation Plans (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Weighted-average grant date fair value of incentive/performance unit awards and restricted share/restricted share unit awards granted	$ 141.75	$ 154.91	$ 198.28
Total intrinsic value of incentive/performance unit and restricted share/restricted share unit awards vested during the year.	$ 214	$ 219	$ 322

Stock Based Compensation Plan_3

Stock Based Compensation Plans (Nonvested Performance Share Unit Awards and Restricted Share Unit Awards - Rollforward) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted-average grant date fair value, vested/released (in dollars per share)	$ 141.75	$ 154.91	$ 198.28
Nonvested Performance Units
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding, beginning balance (in shares)	646,000
Granted (in shares)	189,000
Vested/Released (in shares)	(199,000)
Forfeitures (in shares)
Outstanding, ending balance (in shares)	636,000	646,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted-average grant date fair value, beginning of period (in dollars per share)	$ 165.48
Weighted-average grant date fair value, granted (in dollars per share)	144.23
Weighted-average grant date fair value, vested/released (in dollars per share)	149.12
Weighted-average grant date fair value, forfeitures (in dollars per share)
Weighted-average grant date fair value, end of period (in dollars per share)	$ 164.29	$ 165.48
Nonvested Restricted Share / Restricted Share Units
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding, beginning balance (in shares)	3,762,000
Granted (in shares)	1,941,000
Vested/Released (in shares)	(1,228,000)
Forfeitures (in shares)	(119,000)
Outstanding, ending balance (in shares)	4,356,000	3,762,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted-average grant date fair value, beginning of period (in dollars per share)	$ 169.79
Weighted-average grant date fair value, granted (in dollars per share)	141.50
Weighted-average grant date fair value, vested/released (in dollars per share)	163.14
Weighted-average grant date fair value, forfeitures (in dollars per share)	159.28
Weighted-average grant date fair value, end of period (in dollars per share)	$ 159.34	$ 169.79
Nonvested Performance Units with Market Conditions
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding, ending balance (in shares)	170,000

Income Taxes (Components of Inc

Income Taxes (Components of Income Tax Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Federal, current	$ 1,098	$ 1,021	$ 782
State, current	221	320	227
Total current	1,319	1,341	1,009
Federal, deferred	(1)	(149)	307
State, deferred	(29)	(103)	44
Total deferred	(30)	(252)	351
Total	$ 1,289	$ 1,089	$ 1,360

Income Taxes (Deferred Tax Asse

Income Taxes (Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Deferred Tax Assets, Net [Abstract]
Net unrealized losses on securities and financial instruments	$ 2,098	$ 2,417
Allowance for loan and lease losses	1,105	1,147
Lease obligations	475	508
Compensation and benefits	312	261
Allowance for unfunded lending related commitments	177	161
Accrued expenses	188	209
Other	340	384
Total gross deferred tax assets	4,695	5,087
Valuation allowance	(23)	(26)
Total deferred tax assets	4,672	5,061
Deferred tax liabilities
Leasing	919	938
Fixed assets	397	477
Right of Use Assets	412	445
Mortgage servicing rights	434	359
Goodwill and intangibles	249	252
Other	472	461
Total deferred tax liabilities	2,883	2,932
Net deferred tax asset	$ 1,789	$ 2,129

Income Taxes (Reconciliation of

Income Taxes (Reconciliation of Statutory and Effective Tax Rates) (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Statutory tax rate	21%	21%	21%
Effective tax rate increase (decrease) - State taxes net of federal benefit	3%	2.90%	2.70%
Effective tax rate increase (decrease) - Tax-exempt interest	(1.40%)	(1.70%)	(1.20%)
Effective tax rate increase (decrease) - Life insurance	(0.90%)	(0.90%)	(0.80%)
Effective tax rate increase (decrease) - Tax credits	(5.00%)	(5.20%)	(3.20%)
Effective tax rate increase (decrease) - Other	1.10%	0.10%	(0.30%)
Effective tax rate	17.80%	16.20%	18.20%

Income Taxes (Net Operating Los

Income Taxes (Net Operating Loss Carryforwards) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
State
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carryforwards	$ 585	$ 624
Federal
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carryforwards	$ 0	$ 0

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Billions	Dec. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Allocations for bad debt deductions of former thrift subsidiaries included in retained earnings	$ 0.1	$ 0.1
Amount of accrued interest and penalties	$ 0.1	$ 0

Income Taxes (Changes in Liabil

Income Taxes (Changes in Liability for Unrecognized Tax Benefits) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Unrecognized Tax Benefits [Roll Forward]
Beginning balance of gross unrecognized tax benefits	$ 368	$ 318	$ 275
Increases: Positions taken during a current period	23	20
Increases: Positions taken during a prior period	35	35	46
Decreases: Settlements with taxing authorities	(1)	(4)	(3)
Decreases: Reductions resulting from lapse of statue of limitations	(60)	(1)
Ending balance of gross unrecognized tax benefits	365	368	318
Favorable impact if recognized	$ 314	$ 306	$ 258

Regulatory Matters (Narrative)

Regulatory Matters (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2024	Mar. 31, 2024	Dec. 31, 2023
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Amount available for dividend payments to parent company without prior regulatory approval	$ 7,400
Outstanding cash reserves at the Federal Reserve Bank	39,000
FDIC-Related Assessments
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Loss contingency	$ (18)	$ 130	$ 515

Regulatory Matters (Basel Regul

Regulatory Matters (Basel Regulatory Capital) (Details) - Transitional Basel III $ in Millions	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
PNC
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity Tier 1 Capital amount	$ 44,467	$ 41,974
Common equity Tier 1 Capital ratio	0.105	0.099
Tier 1 Risk-based capital amount	$ 50,216	$ 48,215
Tier 1 Risk-based capital ratio	0.119	0.114
US regulatory well capitalized level - Tier 1 risk-based capital ratio	0.060	0.060
Total Risk-based capital amount	$ 57,330	$ 55,932
Total Risk-based capital ratio	0.136	0.132
US regulatory well capitalized level - Total risk-based capital ratio	0.100	0.100
Leverage amount	$ 50,216	$ 48,215
Leverage ratio	0.090	0.087
PNC Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity Tier 1 Capital amount	$ 49,306	$ 47,273
Common equity Tier 1 Capital ratio	0.119	0.113
US regulatory well capitalized level - Common equity Tier 1 risk-based capital ratio	6.50%	6.50%
Tier 1 Risk-based capital amount	$ 49,306	$ 47,273
Tier 1 Risk-based capital ratio	0.119	0.113
US regulatory well capitalized level - Tier 1 risk-based capital ratio	0.080	0.080
Total Risk-based capital amount	$ 55,574	$ 54,140
Total Risk-based capital ratio	0.134	0.129
US regulatory well capitalized level - Total risk-based capital ratio	0.100	0.100
Leverage amount	$ 49,306	$ 47,273
Leverage ratio	0.089	0.086
US regulatory well capitalized level - Leverage ratio	0.050	0.050

Legal Proceedings (Details)

Legal Proceedings (Details) - USD ($) $ in Millions	1 Months Ended			12 Months Ended
	Sep. 30, 2022	May 31, 2022	Sep. 30, 2018	Dec. 31, 2024
Maximum | Legal Reserve
Loss Contingencies [Line Items]
Range of possible loss				$ 300
Interchange Litigation
Loss Contingencies [Line Items]
Litigation settlement amount			$ 900
Payments for legal settlements			5,300	$ 700
Conditional return of legal settlements paid maximum amount			$ 700
Litigation settlement, trigger percent of opt out by class members for return of portion of settlement payments			15%	15%
Interchange Litigation | Visa
Loss Contingencies [Line Items]
Litigation settlement amount			$ 600
Payments for legal settlements				$ 467
Conditional return of legal settlements paid maximum amount			$ 467
USAA Patent Infringement Litigation
Loss Contingencies [Line Items]
Litigation settlement amount	$ 4.3	$ 218

Parent Company (Income Statemen

Parent Company (Income Statement) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Operating Expenses [Abstract]
Income before taxes	$ 7,242	$ 6,736	$ 7,473
Income tax expense (benefit)	1,289	1,089	1,360
Other comprehensive income (loss), after tax and net of reclassifications into Net income	1,147	2,460	(10,581)
Comprehensive income (loss) attributable to PNC	7,036	8,038	(4,540)
Parent Company
Operating Revenues [Abstract]
Interest income	1,129	638	104
Noninterest income (loss)	47	41	(37)
Total operating revenue	5,559	3,744	4,272
Operating Expenses [Abstract]
Interest expense	1,896	1,269	326
Other expense	130	185	136
Total operating expense	2,026	1,454	462
Income before income taxes and equity in undistributed net income of subsidiaries	3,533	2,290	3,810
Equity in undistributed net income of subsidiaries:	2,224	3,176	2,303
Income before taxes	5,757	5,466	6,113
Income tax expense (benefit)	(132)	(112)	72
Net income	5,889	5,578	6,041
Net pension and other postretirement benefit plan activity arising during the period	1	2	1
Other comprehensive income (loss), after tax and net of reclassifications into Net income	1	2	1
Comprehensive income (loss) attributable to PNC	5,890	5,580	6,042
Parent Company | Bank Subsidiaries And Bank Holding Company
Operating Revenues [Abstract]
Dividends from	4,000	2,500	3,925
Operating Expenses [Abstract]
Equity in undistributed net income of subsidiaries:	2,200	3,337	1,848
Parent Company | Non Bank Subsidiaries
Operating Revenues [Abstract]
Dividends from	383	565	280
Operating Expenses [Abstract]
Equity in undistributed net income of subsidiaries:	$ 24	$ (161)	$ 455

Parent Company (Balance Sheet)

Parent Company (Balance Sheet) (Details) - USD ($) $ in Millions		Dec. 31, 2024	Dec. 31, 2023
Condensed Financial Statements, Captions [Line Items]
Other assets	[1]	$ 36,981	$ 37,903
Total assets		560,038	561,580
Subordinated debt		4,104	4,875
Total liabilities		505,569	510,439
Shareholders’ equity		54,425	51,105
Total liabilities and equity		560,038	561,580
Parent Company
Condensed Financial Statements, Captions [Line Items]
Cash held at banking subsidiary		5,817	6,599
Restricted deposits with banking subsidiary		175	175
Loans with affiliates		2,322	1,687
Other assets		1,212	1,297
Total assets		85,060	76,882
Subordinated debt		982	1,749
Senior debt		27,345	22,213
Accrued expenses and other liabilities		2,308	1,815
Total liabilities		30,635	25,777
Shareholders’ equity		54,425	51,105
Total liabilities and equity		85,060	76,882
Bank Subsidiaries And Bank Holding Company | Parent Company
Condensed Financial Statements, Captions [Line Items]
Investments in subsidiaries		72,450	64,104
Non Bank Subsidiaries | Parent Company
Condensed Financial Statements, Captions [Line Items]
Investments in subsidiaries		$ 3,084	$ 3,020
[1] Our consolidated assets included the following for which we have elected the fair value option: Loans held for sale of $0.8 billion, Loans of $1.2 billion and Other assets of $0.1 billion at December 31, 2024. Comparable amounts at December 31, 2023 were $0.7 billion, $1.2 billion and $0.1 billion, respectively.

Parent Company (Interest Paid a

Parent Company (Interest Paid and Income Tax Refunds (Payments)) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Condensed Financial Statements, Captions [Line Items]
Interest paid	$ 13,052	$ 9,451	$ 2,172
Income Tax Refunds/ (Payments)	45	832	26
Parent Company
Condensed Financial Statements, Captions [Line Items]
Interest paid	1,216	683	314
Income Tax Refunds/ (Payments)	$ 329	$ 1,080	$ (255)

Parent Company (Statement of Ca

Parent Company (Statement of Cash Flows) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Other		$ 1,596	$ 1,195	$ 831
Net cash provided (used) by operating activities		7,880	10,111	9,083
Investing Activities
Other investing activities, net		(1,103)	(1,985)	(2,995)
Net cash provided (used) by investing activities		(3,232)	10,105	(60,358)
Financing Activities
Preferred stock issuances			1,484	2,225
Preferred stock redemptions		(500)	(1,000)	(1,500)
Acquisition of treasury stock		(687)	(651)	(3,731)
Preferred stock cash dividends paid		(352)	(417)	(301)
Common stock cash dividends paid		(2,537)	(2,461)	(2,391)
Net cash provided (used) by financing activities		(9,122)	(3,854)	3,384
Net Increase (Decrease) In Cash, Cash Equivalents And Restricted Cash	[1]	(4,474)	16,362	(47,891)
Cash, cash equivalents and restricted cash at beginning of period		50,725	34,363	82,254
Cash, cash equivalents and restricted cash at end of period		46,251	50,725	34,363
Parent Company
Operating Activities
Net income		5,889	5,578	6,041
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Equity in undistributed net earnings of subsidiaries		(2,224)	(3,176)	(2,303)
Other		443	1,276	95
Net cash provided (used) by operating activities		4,108	3,678	3,833
Investing Activities
Net change in loans and securities from affiliates		(5,192)	(9,475)	(531)
Other investing activities, net		1	(5)	(84)
Net cash provided (used) by investing activities		(5,191)	(9,480)	(615)
Financing Activities
Net change in other borrowed funds from affiliates		(465)	255	(1,138)
Proceeds from long-term borrowings		8,220	10,463	4,335
Repayments of long-term borrowings		(3,450)		(1,500)
Preferred stock issuances			1,484	2,225
Preferred stock redemptions		(500)	(1,000)	(1,500)
Common and treasury stock issuances		69	72	68
Acquisition of treasury stock		(687)	(651)	(3,731)
Preferred stock cash dividends paid		(352)	(417)	(301)
Common stock cash dividends paid		(2,534)	(2,459)	(2,389)
Net cash provided (used) by financing activities		301	7,747	(3,931)
Net Increase (Decrease) In Cash, Cash Equivalents And Restricted Cash		(782)	1,945	(713)
Cash, cash equivalents and restricted cash at beginning of period		6,774	4,829	5,542
Cash, cash equivalents and restricted cash at end of period		$ 5,992	$ 6,774	$ 4,829
[1] In the second quarter of 2024, we updated our policy for cash and cash equivalents to include interest-earning deposits with banks. See Note 1 Accounting Policies for additional information regarding this change to our cash and cash equivalents policy.

Segment Reporting (Narrative) (

Segment Reporting (Narrative) (Details)	12 Months Ended
	Dec. 31, 2024 segment operatingUnit
Segment Reporting [Abstract]
Number of reportable segments | segment	3
Number of distinct operating units | operatingUnit	2

Segment Reporting - Schedule of

Segment Reporting - Schedule of Business Segment Results (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Net interest income	$ 13,499	$ 13,916	$ 13,014
Noninterest income	8,056	7,574	8,106
Total revenue	21,555	21,490	21,120
Provision for (recapture of) credit losses	789	742	477
Personnel	7,302	7,428	7,244
Depreciation, amortization and accretion	259	217	651
Total noninterest expense	13,524	14,012	13,170
Income before income taxes and noncontrolling interests	7,242	6,736	7,473
Income taxes	1,289	1,089	1,360
Net income	5,953	5,647	6,113
Less: Net income attributable to noncontrolling interests	64	69	72
Average assets	564,883	558,770	550,652
Operating Segments
Segment Reporting Information [Line Items]
Total revenue	26,345	23,646	20,851
Total noninterest expense	12,368	12,400	12,335
Net income	10,232	8,139	6,246
Average assets	359,852	364,063	348,275
Retail Banking | Operating Segments
Segment Reporting Information [Line Items]
Net interest income	10,933	9,974	7,540
Noninterest income	3,582	2,951	2,967
Total revenue	14,515	12,925	10,507
Provision for (recapture of) credit losses	362	396	259
Personnel	2,189	2,266	2,409
Segment allocations	3,653	3,571	3,394
Depreciation, amortization and accretion	312	330	310
Other	1,377	1,388	1,485
Total noninterest expense	7,531	7,555	7,598
Income before income taxes and noncontrolling interests	6,622	4,974	2,650
Income taxes	1,545	1,163	621
Net income	5,077	3,811	2,029
Less: Net income attributable to noncontrolling interests	39	43	55
Net income	5,038	3,768	1,974
Average assets	114,631	114,914	113,829
Corporate & Institutional Banking | Operating Segments
Segment Reporting Information [Line Items]
Net interest income	6,302	5,732	5,179
Noninterest income	3,927	3,537	3,621
Total revenue	10,229	9,269	8,800
Provision for (recapture of) credit losses	453	398	198
Personnel	1,508	1,426	1,463
Segment allocations	1,497	1,507	1,421
Depreciation, amortization and accretion	202	211	213
Other	557	586	554
Total noninterest expense	3,764	3,730	3,651
Income before income taxes and noncontrolling interests	6,012	5,141	4,951
Income taxes	1,264	1,073	1,064
Net income	4,748	4,068	3,887
Less: Net income attributable to noncontrolling interests	19	19	17
Net income	4,729	4,049	3,870
Average assets	228,349	233,337	219,941
Asset Management Group | Operating Segments
Segment Reporting Information [Line Items]
Net interest income	652	547	608
Noninterest income	949	905	936
Total revenue	1,601	1,452	1,544
Provision for (recapture of) credit losses	(3)	(3)	28
Personnel	472	494	483
Segment allocations	454	464	441
Depreciation, amortization and accretion	30	30	29
Other	117	127	133
Total noninterest expense	1,073	1,115	1,086
Income before income taxes and noncontrolling interests	531	340	430
Income taxes	124	80	100
Net income	407	260	330
Less: Net income attributable to noncontrolling interests
Net income	407	260	330
Average assets	$ 16,872	$ 15,812	$ 14,505

Segment Reporting - Reconciliat

Segment Reporting - Reconciliation of Business Segment Results to Consolidated (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Total revenue	$ 21,555	$ 21,490	$ 21,120
Total noninterest expense	13,524	14,012	13,170
Net income	5,953	5,647	6,113
Average assets	564,883	558,770	550,652
Operating Segments
Segment Reporting Information [Line Items]
Total revenue	26,345	23,646	20,851
Total noninterest expense	12,368	12,400	12,335
Net income	10,232	8,139	6,246
Average assets	359,852	364,063	348,275
Other Segments
Segment Reporting Information [Line Items]
Total revenue	(4,790)	(2,156)	269
Total noninterest expense	924	897	835
Net income	(4,047)	(1,777)	(133)
Average assets	205,031	194,707	202,377
Segment Reporting, Reconciling Item, Corporate Nonsegment
Segment Reporting Information [Line Items]
FDIC special assessment	112	$ 515
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]		Total noninterest expense
Workforce reduction charges		$ 150
PNC Foundation contribution	$ (120)	$ (50)

Fee-based Revenue from Contra_3

Fee-based Revenue from Contracts with Customers - Narrative (Details)	12 Months Ended
	Dec. 31, 2024 segment
Revenue from Contract with Customer [Abstract]
Number of reportable segments	3

Fee-based Revenue from Contra_4

Fee-based Revenue from Contracts with Customers (Noninterest Income Disaggregation By Business Segment) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Total noninterest income	$ 8,056	$ 7,574	$ 8,106
Operating Segments
Disaggregation of Revenue [Line Items]
Total in-scope noninterest income	6,044	5,695	5,710
Out-of-scope noninterest income	2,414	1,698	1,814
Segment Reporting, Reconciling Item, Corporate Nonsegment
Disaggregation of Revenue [Line Items]
Total noninterest income	(402)	181	582
Retail Banking | Operating Segments
Disaggregation of Revenue [Line Items]
Total in-scope noninterest income	2,443	2,457	2,422
Out-of-scope noninterest income	1,139	494	545
Total noninterest income	3,582	2,951	2,967
Retail Banking | Asset Management Fees And Brokerage Fees | Operating Segments
Disaggregation of Revenue [Line Items]
Total in-scope noninterest income	551	523	528
Retail Banking | Brokerage fees | Operating Segments
Disaggregation of Revenue [Line Items]
Total in-scope noninterest income	551	523	528
Retail Banking | Total card and cash management | Operating Segments
Disaggregation of Revenue [Line Items]
Total in-scope noninterest income	1,173	1,224	1,244
Retail Banking | Treasury management fees | Operating Segments
Disaggregation of Revenue [Line Items]
Total in-scope noninterest income	41	41	40
Retail Banking | Debit card fees | Operating Segments
Disaggregation of Revenue [Line Items]
Total in-scope noninterest income	699	691	684
Retail Banking | Net credit card fees | Operating Segments
Disaggregation of Revenue [Line Items]
Total in-scope noninterest income	189	228	237
Retail Banking | Merchant services | Operating Segments
Disaggregation of Revenue [Line Items]
Total in-scope noninterest income	157	168	186
Retail Banking | Other | Operating Segments
Disaggregation of Revenue [Line Items]
Total in-scope noninterest income	87	96	97
Retail Banking | Lending and deposit services | Operating Segments
Disaggregation of Revenue [Line Items]
Total in-scope noninterest income	719	710	650
Retail Banking | Deposit account fees | Operating Segments
Disaggregation of Revenue [Line Items]
Total in-scope noninterest income	645	637	583
Retail Banking | Other | Operating Segments
Disaggregation of Revenue [Line Items]
Total in-scope noninterest income	74	73	67
Retail Banking | Interchange Fees | Operating Segments
Disaggregation of Revenue [Line Items]
Total in-scope noninterest income	671	673	662
Retail Banking | Credit Card Reward Costs | Operating Segments
Disaggregation of Revenue [Line Items]
Total in-scope noninterest income	482	445	425
Corporate & Institutional Banking | Operating Segments
Disaggregation of Revenue [Line Items]
Total in-scope noninterest income	2,667	2,349	2,372
Out-of-scope noninterest income	1,260	1,188	1,249
Total noninterest income	3,927	3,537	3,621
Corporate & Institutional Banking | Total card and cash management | Operating Segments
Disaggregation of Revenue [Line Items]
Total in-scope noninterest income	1,555	1,454	1,350
Corporate & Institutional Banking | Treasury management fees | Operating Segments
Disaggregation of Revenue [Line Items]
Total in-scope noninterest income	1,481	1,377	1,284
Corporate & Institutional Banking | Merchant services | Operating Segments
Disaggregation of Revenue [Line Items]
Total in-scope noninterest income	74	77	66
Corporate & Institutional Banking | Lending and deposit services | Operating Segments
Disaggregation of Revenue [Line Items]
Total in-scope noninterest income	32	34	33
Corporate & Institutional Banking | Other | Operating Segments
Disaggregation of Revenue [Line Items]
Total in-scope noninterest income	32	34	33
Corporate & Institutional Banking | Residential and commercial mortgage | Operating Segments
Disaggregation of Revenue [Line Items]
Total in-scope noninterest income	117	140	140
Corporate & Institutional Banking | Capital markets and advisory | Operating Segments
Disaggregation of Revenue [Line Items]
Total in-scope noninterest income	888	653	790
Corporate & Institutional Banking | Total other income | Operating Segments
Disaggregation of Revenue [Line Items]
Total in-scope noninterest income	75	68	59
Asset Management Group | Operating Segments
Disaggregation of Revenue [Line Items]
Total in-scope noninterest income	934	889	916
Out-of-scope noninterest income	15	16	20
Total noninterest income	949	905	936
Asset Management Group | Asset Management Fees And Brokerage Fees | Operating Segments
Disaggregation of Revenue [Line Items]
Total in-scope noninterest income	934	889	916
Asset Management Group | Asset management fees | Operating Segments
Disaggregation of Revenue [Line Items]
Total in-scope noninterest income	933	882	908
Asset Management Group | Brokerage fees | Operating Segments
Disaggregation of Revenue [Line Items]
Total in-scope noninterest income	$ 1	$ 7	$ 8

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event - Senior debt - Parent Company	Jan. 29, 2025 USD ($)
Senior Fixed To Floating Rate Notes, Due January 29, 2031
Debt Instrument [Line Items]
Debt instrument, face amount	$ 1,000,000,000
Stated interest rate	5.222%
Basis spread on LIBOR rate - trust preferred securities	1.072%
Senior Fixed To Floating Rate Notes, Due January 29, 2036
Debt Instrument [Line Items]
Debt instrument, face amount	$ 1,750,000,000
Stated interest rate	5.575%
Basis spread on LIBOR rate - trust preferred securities	1.394%