---
schema_version: "secwatch.filing_event.v1"
accession: "0000713676-24-000034"
form_type: "8-K"
ticker: "PNC"
cik: "0000713676"
company_name: "PNC FINANCIAL SERVICES GROUP, INC."
filed_at: "2024-03-05T23:59:59+00:00"
generated_at: "2026-06-05T04:23:19.384657+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PNC estimates $130M additional FDIC special assessment expense, total ~$645M pre-tax

## Summary
- FDIC revised DIF loss estimate from $16.3B to $20.4B, increasing assessments on large banks.
- PNC expects extra $130M pre-tax expense in Q1 2024; total special assessment now $645M.
- Prior $515M expense incurred in Q4 2023; assessment at 13.4 bps on uninsured deposits over 8 quarters.
- Further FDIC adjustments possible; collection may extend or cease early based on actual losses.
- CIO Gagan Singh presented financial results and strategy at RBC conference on March 5, but no specific figures from slides were released.

## SEC filing metadata
- accession: 0000713676-24-000034
- form_type: 8-K
- ticker: PNC
- cik: 0000713676
- company_name: PNC FINANCIAL SERVICES GROUP, INC.
- filed_at: 2024-03-05T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/713676/000071367624000034/0000713676-24-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/713676/000071367624000034/pnc-20240305.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000713676-24-000034
- JSON: https://secwatch.observer/filing/0000713676-24-000034.json
- Plain text: https://secwatch.observer/filing/0000713676-24-000034.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.