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Complete financial analysis of The PNC Financial Services Group, Inc. (PNC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of The PNC Financial Services Group, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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The PNC Financial Services Group, Inc. (PNC)
About The PNC Financial Services Group, Inc.
The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as certificates of deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services. This segment serves consumer and small business customers through a network of branches, ATMs, call centers, and online and mobile banking channels. Its Corporate & Institutional Banking segment provides secured and unsecured loans, letters of credit, and equipment leases; cash and investment management services, receivables and disbursement management services, funds transfer services, international payment services, and access to online/mobile information management and reporting; foreign exchange, derivatives, fixed income, securities underwriting, loan syndications, and mergers and acquisitions and equity capital markets advisory related services; and commercial loan servicing and technology solutions. It serves mid-sized and large corporations, and government and not-for-profit entities. The company's Asset Management Group segment offers investment and retirement planning, customized investment management, credit and cash management solutions, and trust management and administration services for high net worth and ultra high net worth individuals, and their families; and multi-generational family planning services for ultra high net worth individuals and their families. It also provides outsourced chief investment officer, custody, private real estate, cash and fixed income client solutions, and fiduciary retirement advisory services for institutional clients. The company has 2,591 branches and 9,502 ATMs. The company was founded in 1852 and is headquartered in Pittsburgh, Pennsylvania.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 21.51B | 21.11B | 19.21B | 16.90B | 16.84B | 16.19B | 16.33B | 15.16B | 15.23B | 15.28B | 16.01B | 15.51B | 14.33B | 15.02B | 15.12B | 6.18B | 5.89B | 6.49B | 6.33B | 5.54B | 5.25B | 5.39B | 4.91B | 5.11B | 4.79B | 4.57B | 4.35B | 3.88B | 3.10B | 2.73B | 2.77B | 2.54B | 2.25B | 2.01B | 1.89B | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 21.51B | 21.11B | 19.21B | 16.90B | 16.84B | 16.19B | 16.33B | 15.16B | 15.23B | 15.28B | 16.01B | 15.51B | 14.33B | 15.02B | 15.12B | 6.18B | 5.89B | 6.49B | 6.33B | 5.54B | 5.25B | 5.39B | 4.91B | 5.11B | 4.79B | 4.57B | 4.35B | 3.88B | 3.10B | 2.73B | 2.77B | 2.54B | 2.25B | 2.01B | 1.89B | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 7.43B | 7.24B | 7.14B | 5.67B | 5.65B | 5.47B | 5.27B | 4.87B | 4.83B | 4.61B | 4.74B | 4.62B | 3.97B | 3.91B | 4.12B | 1.77B | 1.82B | 2.43B | 2.39B | 2.06B | 1.80B | 1.70B | 1.67B | 1.62B | 1.38B | 1.27B | 1.24B | 1.14B | 1.07B | 835.70M | 685.40M | 668.40M | 598.70M | 564.90M | 538.00M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 350.00M | 355.00M | 319.00M | 236.00M | 301.00M | 285.00M | 244.00M | 247.00M | 249.00M | 253.00M | 246.00M | 279.00M | 249.00M | 266.00M | 233.00M | 123.00M | 113.00M | 104.00M | 106.00M | 87.00M | 64.00M | 51.00M | 57.00M | 70.00M | 70.00M | 92.00M | 70.00M | 63.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 7.78B | 7.60B | 7.46B | 5.91B | 5.95B | 5.76B | 5.51B | 5.12B | 5.08B | 4.86B | 4.99B | 4.90B | 4.22B | 4.17B | 4.35B | 1.89B | 1.93B | 2.54B | 2.50B | 2.15B | 1.87B | 1.75B | 1.72B | 1.69B | 1.45B | 1.36B | 1.31B | 1.20B | 1.07B | 835.70M | 685.40M | 668.40M | 598.70M | 564.90M | 538.00M | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 13.73B | 13.52B | 11.75B | 10.99B | 10.89B | 10.43B | 10.82B | 10.04B | 10.15B | 10.42B | 11.02B | 10.62B | 10.11B | 10.84B | 10.77B | 4.29B | 3.96B | 3.96B | 3.83B | 3.39B | 3.39B | 3.64B | 3.19B | 3.43B | 3.34B | 3.21B | 3.04B | 2.68B | 2.04B | 1.90B | 2.09B | 1.88B | 1.65B | 1.44B | 1.35B | 442.70M | 255.70M | 237.40M | 187.80M |
| Operating Expenses | 21.51B | 21.11B | 19.21B | 16.90B | 16.84B | 16.19B | 16.33B | 15.16B | 15.23B | 15.28B | 16.01B | 15.51B | 14.33B | 15.02B | 15.12B | 6.18B | 5.89B | 6.49B | 6.33B | 5.54B | 5.25B | 5.39B | 4.91B | 5.11B | 4.79B | 4.57B | 4.35B | 3.88B | 3.10B | 2.73B | 2.77B | 2.54B | 2.25B | 2.01B | 1.89B | 442.70M | 255.70M | 237.40M | 187.80M |
| Cost & Expenses | 21.51B | 21.11B | 19.21B | 16.90B | 16.84B | 16.19B | 16.33B | 15.16B | 15.23B | 15.28B | 16.01B | 15.51B | 14.33B | 15.02B | 15.12B | 6.18B | 5.89B | 6.49B | 6.33B | 5.54B | 5.25B | 5.39B | 4.91B | 5.11B | 4.79B | 4.57B | 4.35B | 3.88B | 3.10B | 2.73B | 2.77B | 2.54B | 2.25B | 2.01B | 1.89B | 442.70M | 255.70M | 237.40M | 187.80M |
| Interest Income | 24.31B | 15.44B | 11.13B | 11.31B | 13.76B | 12.58B | 10.81B | 9.65B | 9.32B | 9.43B | 10.01B | 10.73B | 10.19B | 11.15B | 12.09B | 6.31B | 6.17B | 4.61B | 3.73B | 2.75B | 2.71B | 3.17B | 4.14B | 4.73B | 4.92B | 5.31B | 5.05B | 4.94B | 5.15B | 3.86B | 3.20B | 3.22B | 3.66B | 4.22B | 4.06B | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 10.39B | 2.42B | 487.00M | 1.36B | 3.80B | 2.86B | 1.71B | 1.26B | 1.05B | 906.00M | 860.00M | 1.09B | 1.49B | 1.92B | 3.00B | 2.49B | 3.25B | 2.37B | 1.58B | 783.00M | 716.00M | 975.00M | 1.88B | 2.57B | 2.49B | 2.74B | 2.56B | 2.49B | 3.01B | 1.95B | 1.37B | 1.56B | 2.22B | 2.87B | 2.76B | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 1.04B | 651.00M | 1.77B | 1.50B | 1.32B | 1.13B | 1.12B | 1.19B | 1.09B | 988.00M | 1.15B | 1.16B | 1.14B | 1.06B | 978.00M | 325.00M | 332.00M | 345.00M | 375.00M | 302.00M | 289.00M | 242.00M | 260.00M | 340.00M | 327.00M | 632.00M | 346.00M | 290.00M | 296.00M | 246.00M | 148.00M | 137.00M | 71.50M | 85.80M | 70.50M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 7.77B | 8.12B | 8.76B | 4.93B | 7.80B | 7.56B | 6.61B | 6.45B | 6.60B | 6.60B | 6.83B | 5.10B | 5.21B | 5.12B | 4.20B | 1.70B | 2.45B | 4.35B | 2.34B | 2.13B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 442.70M | 255.70M | 237.40M | 187.80M |
| EBITDA Ratio | 37.47% | 48.16% | 45.52% | 55.85% | 43.45% | 60.55% | 50.60% | 50.29% | 49.94% | 48.68% | 47.26% | 40.02% | 46.68% | 49.47% | 45.85% | 57.85% | 83.09% | 102.52% | 61.49% | 50.98% | 48.45% | 56.03% | 56.07% | 95.37% | 90.88% | 97.81% | 105.04% | 112.29% | 126.70% | 113.48% | 94.34% | 93.33% | 126.47% | 149.03% | 175.66% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | 10.58B | 10.66B | 10.18B | 5.82B | 8.07B | 8.11B | 8.44B | 7.77B | 8.12B | 8.55B | 8.78B | 4.06B | 12.68B | 13.51B | 14.59B | 6.34B | 5.35B | 6.33B | 3.51B | 1.20B | 1.03B | 2.78B | 2.43B | 4.48B | 4.38B | 4.45B | 4.17B | 4.02B | 3.63B | 2.85B | 2.47B | 2.24B | 2.77B | 2.90B | 3.24B | 442.70M | 255.70M | 237.40M | 187.80M |
| Operating Income Ratio | 50.98% | 45.07% | 36.25% | 47.00% | 36.07% | 53.96% | 86.67% | 86.27% | 86.76% | 87.35% | 88.50% | 88.13% | 88.50% | 89.98% | 91.67% | 90.35% | 78.23% | 97.22% | 55.56% | 21.64% | 19.59% | 51.54% | 50.66% | 88.64% | 84.57% | 85.64% | 97.00% | 104.74% | 117.16% | 104.48% | 89.01% | 87.94% | 123.29% | 144.76% | 171.92% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -3.84B | -3.18B | -3.19B | -2.39B | -2.58B | -2.62B | -2.95B | -2.52B | -2.62B | -2.93B | -3.10B | -24.00M | -152.00M | -165.00M | 113.00M | -5.10B | -3.25B | -345.00M | -175.00M | 548.00M | -28.00M | -959.00M | -1.87B | -2.63B | -2.49B | -2.74B | -2.56B | -2.49B | -3.01B | -1.95B | -1.35B | -1.46B | -2.22B | -2.87B | -2.76B | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 6.74B | 7.47B | 6.99B | 3.43B | 5.49B | 5.49B | 5.49B | 5.25B | 5.51B | 5.61B | 5.69B | 4.04B | 4.07B | 4.06B | 3.23B | 1.09B | 1.92B | 4.01B | 2.00B | 1.78B | 1.57B | 1.82B | 564.00M | 1.85B | 1.79B | 1.65B | 1.62B | 1.53B | 627.10M | 902.40M | 1.12B | 778.10M | 548.20M | 29.40M | 485.20M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 32.47% | 35.39% | 36.52% | 20.29% | 36.35% | 37.52% | 33.62% | 34.65% | 36.17% | 36.51% | 34.77% | 25.42% | 28.40% | 27.04% | 20.27% | 17.72% | 30.65% | 61.56% | 30.54% | 31.36% | 29.85% | 33.76% | 11.74% | 36.56% | 36.52% | 32.91% | 37.60% | 39.78% | 20.21% | 33.03% | 40.25% | 30.58% | 24.39% | 1.47% | 25.72% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 1.09B | 1.36B | 1.26B | 426.00M | 901.00M | 928.00M | 102.00M | 1.27B | 1.36B | 1.41B | 1.48B | 1.05B | 998.00M | 1.04B | 867.00M | 298.00M | 561.00M | 1.36B | 604.00M | 538.00M | 539.00M | 621.00M | 187.00M | 634.00M | 586.00M | 571.00M | 566.00M | 535.00M | 219.00M | 292.30M | 371.30M | 248.70M | 158.40M | -41.50M | 107.80M | -442.70M | -255.70M | -237.40M | -187.80M |
| Net Income | 5.58B | 6.04B | 5.67B | 7.52B | 5.37B | 5.30B | 5.34B | 3.90B | 4.11B | 4.18B | 4.20B | 3.00B | 3.06B | 3.41B | 2.45B | 882.00M | 1.47B | 2.60B | 1.33B | 1.20B | 1.00B | 1.18B | 372.00M | 1.28B | 1.26B | 1.12B | 1.05B | 992.00M | 408.10M | 610.10M | 725.90M | 426.90M | 389.80M | 70.90M | 377.40M | 442.70M | 255.70M | 237.40M | 187.80M |
| Net Income Ratio | 26.88% | 28.61% | 29.65% | 17.77% | 30.12% | 30.94% | 32.69% | 25.74% | 26.97% | 27.21% | 26.24% | 19.35% | 21.33% | 22.72% | 15.38% | 12.57% | 21.47% | 39.89% | 20.98% | 21.64% | 19.06% | 21.95% | 7.74% | 25.30% | 24.41% | 21.46% | 24.45% | 25.84% | 13.15% | 22.33% | 26.17% | 16.78% | 17.35% | 3.53% | 20.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 12.78 | 13.85 | 12.70 | 7.03 | 11.43 | 11.35 | 10.49 | 7.42 | 7.52 | 7.44 | 7.48 | 5.36 | 5.70 | 5.80 | 4.40 | 2.50 | 4.43 | 8.89 | 4.63 | 4.25 | 3.58 | 4.18 | 1.27 | 4.35 | 4.19 | 3.64 | 3.33 | 2.90 | 1.19 | 2.57 | 2.65 | 1.90 | 1.98 | 0.37 | 1.99 | 2.58 | 1.54 | 1.47 | 2.01 |
| EPS Diluted | 12.78 | 13.85 | 12.70 | 7.03 | 11.38 | 11.28 | 10.36 | 7.30 | 7.39 | 7.30 | 7.39 | 5.30 | 5.64 | 5.74 | 4.36 | 2.46 | 4.35 | 8.73 | 4.55 | 4.21 | 3.55 | 4.15 | 1.26 | 4.31 | 4.15 | 3.60 | 3.28 | 2.87 | 1.19 | 2.56 | 2.60 | 1.89 | 1.95 | 0.37 | 1.96 | 2.51 | 1.50 | 1.47 | 1.88 |
| Weighted Avg Shares Out | 401.00M | 412.00M | 426.00M | 427.00M | 447.00M | 467.00M | 481.00M | 494.00M | 514.00M | 529.00M | 528.00M | 526.00M | 524.00M | 517.00M | 454.00M | 344.00M | 331.00M | 292.00M | 286.00M | 281.00M | 280.00M | 283.00M | 287.00M | 290.00M | 296.90M | 300.80M | 310.15M | 340.25M | 339.13M | 236.61M | 236.39M | 223.05M | 195.20M | 182.16M | 187.24M | 171.37M | 166.53M | 161.72M | 93.61M |
| Weighted Avg Shares Out (Dil) | 401.00M | 412.00M | 426.00M | 427.00M | 448.00M | 470.00M | 486.00M | 500.00M | 521.00M | 537.00M | 532.00M | 529.00M | 526.00M | 520.00M | 455.00M | 347.00M | 335.00M | 297.00M | 290.00M | 284.00M | 281.00M | 285.00M | 290.00M | 292.80M | 300.00M | 305.10M | 316.22M | 345.35M | 344.92M | 238.45M | 238.42M | 224.23M | 198.21M | 182.16M | 190.10M | 176.21M | 169.93M | 161.72M | 99.78M |
PNC Announces Redemption Of All Depositary Shares Representing Interests In Series R Preferred Stock
PITTSBURGH , Oct. 30, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on Dec. 2, 2024, of $500,000,000 of Depositary Shares (CUSIP: 693475AM7) (the "Depositary Shares") representing interests in PNC's Fixed-To-Floating Rate Non-Cumulative...
Economic experts share 2025 outlook at 61st Annual ASU/PNC Bank Luncheon
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PNC Executives to Speak at BancAnalysts Association of Boston Conference
PITTSBURGH , Oct. 25, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that President Michael P. Lyons and Executive Vice President and Chief Financial Officer Robert Q.
PNC vs. TW: Which Stock Should Value Investors Buy Now?
Investors looking for stocks in the Financial - Investment Bank sector might want to consider either The PNC Financial Services Group, Inc (PNC) or Tradeweb Markets (TW). But which of these two stocks is more attractive to value investors?
PNC Announces Redemption of Senior Floating Rate Bank Notes Due Dec. 2, 2024 and 5.671% Fixed Rate/Floating Rate Senior Notes Due Oct. 28, 2025
PITTSBURGH , Oct. 22, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption of, on Nov. 4, 2024, all outstanding Senior Floating Rate Bank Notes due Dec. 2, 2024 issued by PNC Bank, National Association...
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Insurance giant Progressive Corporation (PGR) and banking leader PNC Financial Services Group (PNC) are two top-rated finance stocks to consider after exceeding their Q3 expectations on Tuesday.
Here's Why The PNC Financial Services Group, Inc (PNC) is a Great Momentum Stock to Buy
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PNC Expects Loan Growth After Fed's Rate Cut
PNC Financial Services Group said Tuesday (Oct. 15) that it is prepared for lending to pick up after the Federal Reserve cut interest rates in September. During the third quarter, which ended Sept.
PNC Financial Q3 Earnings Beat on Higher Fee Income, Costs Rise
The PNC Financial Services Group, Inc.'s PNC third-quarter 2024 adjusted earnings per share of $3.49 surpassed the Zacks Consensus Estimate of $3.29. In the prior-year quarter, the company reported earnings per share of $3.60.
The PNC Financial Services Group, Inc. (PNC) Q3 2024 Earnings Call Transcript
The PNC Financial Services Group, Inc. (NYSE:PNC ) Q3 2024 Earnings Conference Call October 15, 2024 10:00 AM ET Company Participants Bryan Gill - Executive Vice President and Director of Investor Relations Bill Demchak - Chairman and Chief Executive Officer...
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