Discontinued — last reported Q1 '24
PNC Financial Services All Other Segments — Provision for (recapture of) credit losses increased by 66.7% to -$5.00M in Q1 2024 compared to the prior quarter. Year-over-year, this metric declined by 131.3%, from $16.00M to -$5.00M. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase in expense signals deteriorating credit quality or portfolio growth, while a recapture signals improved credit outlook or reduced exposure.
This represents the expense or recovery recorded to adjust the allowance for credit losses on financing receivables and...
Comparable to 'Provision for Credit Losses' in corporate or unallocated segments at peer financial institutions.
pnc_segment_other_provision_for_recapture_of_credit_losses| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$39.00M | $15.00M | $0.00 | -$11.00M | -$7.00M | -$5.00M | $16.00M | -$39.00M | -$11.00M | -$15.00M | -$5.00M |
| QoQ Change | — | +138.5% | -100.0% | — | +36.4% | +28.6% | +420.0% | -343.8% | +71.8% | -36.4% | +66.7% |
| YoY Change | — | — | — | — | +82.1% | -133.3% | +245.5% | -457.1% | -120.0% | — | -131.3% |