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

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 $79 million rise in total net loan charge-offs reported by PNC, $56 million was from CRE customers, Reilly said.Overall, compared t ...