Discontinued — last reported Q3 '24
Business Segments · Provision for (recapture of) credit losses
Retail Banking1 — Provision for (recapture of) credit losses
PNC Financial Services Retail Banking1 — Provision for (recapture of) credit losses increased by 311.1% to $111.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 164.3%, from $42.00M to $111.00M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryRisk
SignalLower is better
VolatilityVolatile
First reportedQ1 2018
Last reportedQ3 2024Nov 1, 2024
Rolls up toProvision for Credit Losses
How to read this metric
An increase often signals deteriorating credit quality or a more conservative economic outlook, while a decrease may signal improved borrower health or reduced risk exposure.
Detailed definition
This represents the expense recognized to maintain an adequate allowance for loan and lease losses based on the expected...
Peer comparison
Commonly reported as Provision for Credit Losses (PCL) across the banking industry.
Metric ID:
pnc_segment_retail_banking_provision_for_recapture_of_credit_lossesHistorical Data
13 periods
| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $214.00M | -$113.00M | -$81.00M | $55.00M | $92.00M | $193.00M | $238.00M | -$14.00M | $42.00M | $130.00M | $118.00M | $27.00M | $111.00M |
| QoQ Change | — | -152.8% | +28.3% | +167.9% | +67.3% | +109.8% | +23.3% | -105.9% | +400.0% | +209.5% | -9.2% | -77.1% | +311.1% |
| YoY Change | — | — | — | -74.3% | +181.4% | — | +393.8% | -125.5% | -54.3% | -32.6% | -50.4% | +292.9% | +164.3% |
Range-$113.00M – $238.00M
CAGR-19.7%
Avg YoY Growth+77.2%
Median YoY Growth-32.6%
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Frequently Asked Questions
- What is PNC Financial Services's retail banking1 — provision for (recapture of) credit losses?
- PNC Financial Services (PNC) reported retail banking1 — provision for (recapture of) credit losses of $111.00M in Q3 2024.
- How has PNC Financial Services's retail banking1 — provision for (recapture of) credit losses changed year-over-year?
- PNC Financial Services's retail banking1 — provision for (recapture of) credit losses increased by 164.3% year-over-year, from $42.00M to $111.00M.
- What does retail banking1 — provision for (recapture of) credit losses mean?
- The amount of money set aside to cover potential losses from loans that may not be repaid by retail customers.