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Fee-Based Revenue from Contracts with Customers | 3 Months Ended
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Mar. 31, 2023
Revenue from Contract with Customer [Abstract] |
Fee-Based Revenue from Contracts with Customers | FEE-BASED R EVENUE FROM C ONTRACTS WITH C USTOMERS As more fully described in Note 24 Fee-based Revenue from Contracts with Customers in our 2022 Form 10-K, a subset of our noninterest income relates to certain fee-based revenue within the scope of ASC Topic 606 - Revenue from Contracts with Customers (Topic 606). Fee-based revenue within the scope of Topic 606 is recognized within our three reportable business segments: Retail Banking, Corporate & Institutional Banking and Asset Management Group. Interest income, income from lease contracts, fair value gains from financial instruments (including derivatives), income from mortgage servicing rights and guarantee products, letter of credit fees, non-refundable fees associated with acquiring or originating a loan and gains from the sale of financial assets are outside of the scope of Topic 606. In the fourth quarter of 2022, PNC updated the name of the noninterest income line item “Capital markets related” to “Capital markets and advisory.” This update did not impact the components of the category. All periods presented herein reflect these changes. For a description of each updated noninterest income revenue stream, see Note 1 Accounting Policies. Table 79 presents the noninterest income recognized within the scope of Topic 606 for each of our three reportable business segments’ principal products and services, along with the relationship to the noninterest income revenue streams shown on our Consolidated Income Statement. For a description of the fee-based revenue and how it is recognized for each segment’s principal products and services, see Note 24 Fee-based Revenue from Contracts with Customers in our 2022 Form 10-K. Table 79: Noninterest Income by Business Segment and Reconciliation to Consolidated Noninterest Income
Three Months Ended March 31 In millions |  | Retail Banking |  | Corporate & Institutional Banking |  | Asset Management Group |  |  |  |  |
2023 |  |  |  |  |  |  |  |  |  |  |
Asset management and brokerage |  |  |  |  |  |  |  |  |  |  |
Asset management fees |  |  |  |  |  | $ | 224 |  |  |  |  |  |
Brokerage fees |  | $ | 130 |  |  |  |  | 2 |  |  |  |  |  |
Total asset management and brokerage |  | 130 |  |  |  |  | 226 |  |  |  |  |  |
Card and cash management |  |  |  |  |  |  |  |  |  |  |
Treasury management fees |  | 10 |  |  | $ | 328 |  |  |  |  |  |  |  |
Debit card fees |  | 165 |  |  |  |  |  |  |  |  |  |
Net credit card fees (a) |  | 58 |  |  |  |  |  |  |  |  |  |
Merchant services |  | 39 |  |  | 19 |  |  |  |  |  |  |  |
Other |  | 24 |  |  |  |  |  |  |  |  |  |
Total card and cash management |  | 296 |  |  | 347 |  |  |  |  |  |  |  |
Lending and deposit services |  |  |  |  |  |  |  |  |  |  |
Deposit account fees |  | 155 |  |  |  |  |  |  |  |  |  |
Other |  | 18 |  |  | 8 |  |  |  |  |  |  |  |
Total lending and deposit services |  | 173 |  |  | 8 |  |  |  |  |  |  |  |
Residential and commercial mortgage (b) |  |  |  | 42 |  |  |  |  |  |  |  |
Capital markets and advisory |  |  |  | 156 |  |  |  |  |  |  |  |
Other |  |  |  | 8 |  |  |  |  |  |  |  |
Total in-scope noninterest income |  | 599 |  |  | 561 |  |  | 226 |  |  |  |  |  |
Out-of-scope noninterest income (c) |  | 144 |  |  | 325 |  |  | 4 |  |  |  |  |  |
Noninterest income by business segment |  | $ | 743 |  |  | $ | 886 |  |  | $ | 230 |  |  |  |  |  |
Reconciliation to consolidated noninterest income |  | For the three months ended March 31, 2023 |  |  |  |  |
Total in-scope business segment noninterest income |  |  |  |  |  | $ | 1,386 |  |  |  |  |  |
Out-of-scope business segment noninterest income (c) |  |  |  |  |  | 473 |  |  |  |  |  |
Noninterest income from other segments |  |  |  |  |  | 159 |  |  |  |  |  |
Noninterest income as shown on the Consolidated Income Statement |  |  |  |  |  | $ | 2,018 |  |  |  |  |  |
(Continued from previous page) |  |  |  |  |  |  |  |  |  |  |
Three months ended March 31 In millions |  | Retail Banking |  | Corporate & Institutional Banking |  | Asset Management Group |  |  |  |  |
2022 |  |  |  |  |  |  |  |  |  |  |
Asset management and brokerage |  |  |  |  |  |  |  |  |  |  |
Asset management fees |  |  |  |  |  | $ | 241 |  |  |  |  |  |
Brokerage fees |  | $ | 134 |  |  |  |  | 2 |  |  |  |  |  |
Total asset management and brokerage |  | 134 |  |  |  |  | 243 |  |  |  |  |  |
Card and cash management |  |  |  |  |  |  |  |  |  |  |
Treasury management fees |  | 9 |  |  | $ | 302 |  |  |  |  |  |  |  |
Debit card fees |  | 161 |  |  |  |  |  |  |  |  |  |
Net credit card fees (a) |  | 55 |  |  |  |  |  |  |  |  |  |
Merchant services |  | 41 |  |  | 17 |  |  |  |  |  |  |  |
Other |  | 23 |  |  |  |  |  |  |  |  |  |
Total card and cash management |  | 289 |  |  | 319 |  |  |  |  |  |  |  |
Lending and deposit services |  |  |  |  |  |  |  |  |  |  |
Deposit account fees |  | 142 |  |  |  |  |  |  |  |  |  |
Other |  | 17 |  |  | 8 |  |  |  |  |  |  |  |
Total lending and deposit services |  | 159 |  |  | 8 |  |  |  |  |  |  |  |
Residential and commercial mortgage (b) |  |  |  | 31 |  |  |  |  |  |  |  |
Capital markets and advisory |  |  |  | 137 |  |  |  |  |  |  |  |
Other |  |  |  | 13 |  |  |  |  |  |  |  |
Total in-scope noninterest income |  | 582 |  |  | 508 |  |  | 243 |  |  |  |  |  |
Out-of-scope noninterest income (c) |  | 163 |  |  | 296 |  |  | 5 |  |  |  |  |  |
Noninterest income by business segment |  | $ | 745 |  |  | $ | 804 |  |  | $ | 248 |  |  |  |  |  |
Reconciliation to consolidated noninterest income |  | For the three months ended March 31, 2022 |  |  |  |  |
Total in-scope business segment noninterest income |  |  |  |  |  | $ | 1,333 |  |  |  |  |  |
Out-of-scope business segment noninterest income (c) |  |  |  |  |  | 464 |  |  |  |  |  |
Noninterest income from other segments |  |  |  |  |  | 91 |  |  |  |  |  |
Noninterest income as shown on the Consolidated Income Statement |  |  |  |  |  | $ | 1,888 |  |  |  |  |  |
(a)Net credit card fees consists of interchange fees of $160 million and $148 million and credit card reward costs of $102 million and $93 million for the three months ended March 31, 2023 and 2022, respectively. (b)Residential mortgage noninterest income falls under the scope of other accounting and disclosure requirements outside of Topic 606 and is included within the out-of-scope noninterest income line for the Retail Banking segment. (c)Out-of-scope noninterest income includes revenue streams that fall under the scope of other accounting and disclosure requirements outside of Topic 606.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI https://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 + Details
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