See more : Independence Gold Corp. (IEGCF) Income Statement Analysis – Financial Results
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 Raises Q3 NII Outlook on Outperformance in Capital Markets
PNC Financial expects Q3 NII to be at the higher end of its 1-2% growth range projected earlier, driven by its subsidiary's solid capital markets performance.
PNC Financial: Looking Ahead To A Better 2025
Regional bank stocks, particularly PNC, have surged due to more favorable interest rates and a steepening yield curve, enhancing profitability despite economic concerns. PNC's recent earnings beat normalized EPS estimates with a positive outlook for Q3, driven by higher non-interest...
PNC Financial: Interest Rate Cuts Could Increase Lending
PNC Financial is well-positioned to benefit from the anticipated interest rate cuts, potentially boosting lending and refinancing demand in 2025. PNC's new rewards credit card and planned future card launches could drive growth through increased interest and fee income. Valuation...
Business Owners Remain Optimistic About Economy, According to PNC Survey
56% of small and mid-sized business owners surveyed are optimistic about the national economy – up significantly from 34% a year ago. 76% are highly optimistic about the prospects of their own business.
The PNC Financial Services Group Announces Third Quarter Conference Call Details
PITTSBURGH , Sept. 3, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the third quarter 2024 at approximately 6:30 a.m.
My Top 10 High-Yield Dividend Stocks For September 2024
The bull run continues for SPY in August, with the ETF adding 2.34% to its year-to-date return. The watchlist posts two very strong back-to-back months of 5%+ returns. The top 10 stocks on the watchlist for September 2024 offer a...
PNC Financial Hits 52-Week High: Is the Stock Worth Investing?
PNC hits a new 52-week high driven by the Fed's indication of a rate cut starting next month.
PNC Bank Survey Reveals Varying Financial Wellness Needs Across America's Most Generationally Diverse Workforce
Annual Financial Wellness in the Workplace Report Highlights Workplace Stressors, Benefits Needs and Financial Goals Across Generations PITTSBURGH , Aug. 28, 2024 /PRNewswire/ -- PNC Bank today released findings from its second annual Financial Wellness in the Workplace Report entitled, "The Evolving...
PNC Executives To Speak At Barclays Global Financial Services Conference
PITTSBURGH , Aug. 26, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chairman and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q.
PNC Financial Upgraded: Analyst Highlights Company's Ability To Capitalize Opportunities From Market Dislocations
BofA Securities analyst Ebrahim H. Poonawala upgraded PNC Financial Services Group, Inc. PNC to Buy from Neutral, raising the price objective to $200 from $185.
Source: https://incomestatements.info
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