Loan Charge Offs news and trends

PNC Net Loan Charge-Offs Rise 65%, Driven by Commercial Real Estate

January 16, 2024
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PNC Net Loan Charge-Offs Rise 65%, Driven by Commercial Real Estate

January 16, 2024
PNC Financial Services Group saw delinquencies, total non-performing loans (NPLs) and net loan charge-offs increase during the fourth quarter. One notable contributor to the increase was the commercial real estate (CRE) portfolio, Robert Q. Reilly, executive vice president and chief financial officer at PNC, said Tuesday (Jan. 16) during the bank’s quarterly earnings call. Of the […]