Leases

3 Months Ended

Mar. 31, 2025

Leases [Abstract]

Leases

LEASES

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. For more information on lease accounting, see Note 1 Accounting Policies and Note 6 Leases in our 2024 Form 10-K.

The following table provides details on our income from lessor arrangements:

Table 58: Lessor Income

Three months ended March 31	2025		2024
In millions
Sales-type and direct financing leases (a)	$	85	$	84
Operating leases (b)	9		6
Lease income	$	94	$	90

(a)Included in Loans interest income on our Consolidated Income Statement.

(b)Included in Lending and deposit services noninterest income on our Consolidated Income Statement.

Leases

LEASES

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. For more information on lease accounting, see Note 1 Accounting Policies and Note 6 Leases in our 2024 Form 10-K.

The following table provides details on our income from lessor arrangements:

Table 58: Lessor Income

Three months ended March 31	2025		2024
In millions
Sales-type and direct financing leases (a)	$	85	$	84
Operating leases (b)	9		6
Lease income	$	94	$	90

(a)Included in Loans interest income on our Consolidated Income Statement.

(b)Included in Lending and deposit services noninterest income on our Consolidated Income Statement.

Leases

LEASES

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. For more information on lease accounting, see Note 1 Accounting Policies and Note 6 Leases in our 2024 Form 10-K.

The following table provides details on our income from lessor arrangements:

Table 58: Lessor Income

Three months ended March 31	2025		2024
In millions
Sales-type and direct financing leases (a)	$	85	$	84
Operating leases (b)	9		6
Lease income	$	94	$	90

(a)Included in Loans interest income on our Consolidated Income Statement.

(b)Included in Lending and deposit services noninterest income on our Consolidated Income Statement.