NYSE : PNC
The PNC Financial Services Group, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 227.86 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 90.52B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 19.61B | 18.47B | 19.35B | 18.30B | 11.79B | 9.01B |
| Interest Income on Investments | 6.92B | 6.83B | 7.04B | 6.01B | 3.64B | 2.13B |
| Total Interest Income | 26.52B | 25.31B | 26.38B | 24.31B | 15.44B | 11.13B |
| Interest Paid on Deposits | 7.08B | 7.50B | 8.40B | 6.61B | 1.27B | 126.00M |
| Interest Paid on Borrowings | 3.44B | 3.40B | 4.48B | 3.78B | 1.16B | 361.00M |
| Total Interest Expense | 10.52B | 10.90B | 12.88B | 10.39B | 2.42B | 487.00M |
| Net Interest Income | 16.00B | 14.41B | 13.50B | 13.92B | 13.01B | 10.65B |
| Trust Income | 1.72B | 1.60B | 1.49B | 1.41B | 1.44B | 1.44B |
| Mortgage Banking Activities | 545.00M | 571.00M | 581.00M | 625.00M | 647.00M | 850.00M |
| Gain (Loss) on Sale of Investments | 340.00M | -9.00M | 254.00M | -2.00M | -7.00M | 64.00M |
| Other Non-Interest Income | 7.07B | 6.53B | 5.74B | 5.54B | 6.02B | 6.21B |
| Total Non-Interest Income | 9.67B | 8.69B | 8.06B | 7.57B | 8.11B | 8.56B |
| Revenues Before Loan Losses | 25.67B | 23.10B | 21.55B | 21.49B | 21.12B | 19.21B |
| Provision for Loan Losses | 729.00M | 779.00M | 789.00M | 742.00M | 477.00M | -779.00M |
| Revenue | 24.94B | 22.32B | 20.77B | 20.75B | 20.64B | 19.99B |
| Salaries and Employee Benefits | 8.44B | 7.78B | 7.30B | 7.43B | 7.24B | 7.14B |
| Selling, General & Administrative | 3.12B | 2.95B | 2.84B | 2.74B | 2.74B | 2.67B |
| Other Non-Interest Expense | 3.65B | 3.11B | 3.38B | 3.84B | 3.18B | 3.19B |
| Total Non-Interest Expense | 15.22B | 13.83B | 13.52B | 14.01B | 13.17B | 13.00B |
| EBT Excluding Unusual Items | 9.72B | 8.49B | 7.24B | 6.74B | 7.47B | 6.99B |
| Pretax Income | 9.72B | 8.49B | 7.24B | 6.74B | 7.47B | 6.99B |
| Income Tax Expense | 1.77B | 1.49B | 1.29B | 1.09B | 1.36B | 1.26B |
| Earnings From Continuing Operations | 7.96B | 7.00B | 5.95B | 5.65B | 6.11B | 5.72B |
| Minority Interest in Earnings | -56.00M | -61.00M | -64.00M | -69.00M | -72.00M | -51.00M |
| Net Income | 7.90B | 6.94B | 5.89B | 5.58B | 6.04B | 5.67B |
| Preferred Dividends & Other Adjustments | 365.00M | 360.00M | 393.00M | 452.00M | 333.00M | 265.00M |
| Net Income to Common | 7.54B | 6.58B | 5.50B | 5.13B | 5.71B | 5.41B |
| Basic Shares Outstanding | 400.50M | 396.00M | 399.00M | 401.00M | 412.00M | 426.00M |
| Diluted Shares Outstanding | 400.50M | 396.00M | 400.00M | 401.00M | 412.00M | 426.00M |
| EPS (Basic) | 18.82 | 16.61 | 13.77 | 12.78 | 13.85 | 12.70 |
| EPS (Diluted) | 18.79 | 16.59 | 13.74 | 12.78 | 13.85 | 12.70 |
| Dividend Per Share | 7.10 | 6.60 | 6.30 | 6.10 | 5.75 | 4.80 |
| Effective Tax Rate | 18.17% | 17.55% | 17.80% | 16.17% | 18.20% | 18.07% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 5.75B | 6.76B | 6.28B | 5.94B | 6.45B | 7.43B |
| Investment Securities | 159.23B | 69.95B | 73.27B | 65.14B | 94.46B | 141.39B |
| Trading Asset Securities | 7.79B | 3.59B | 3.70B | 3.50B | 5.47B | |
| Mortgage-Backed Securities | 79.08B | 76.07B | 76.25B | 80.64B | 74.00B | |
| Total Investments | 159.23B | 156.82B | 152.92B | 145.08B | 178.59B | 220.86B |
| Gross Loans | 378.79B | 332.39B | 317.34B | 322.39B | 326.79B | 289.05B |
| Allowance for Loan Losses | -4.54B | -4.41B | -4.49B | -4.79B | -4.74B | -4.87B |
| Other Adjustments to Gross Loans | -911.00M | -869.00M | -884.00M | -761.00M | -677.00M | |
| Net Loans | 374.26B | 327.07B | 311.98B | 316.72B | 321.28B | 283.50B |
| Property, Plant & Equipment | 1.69B | 1.62B | 1.75B | 1.86B | 1.92B | |
| Goodwill | 13.32B | 10.96B | 10.93B | 10.93B | 10.99B | 10.92B |
| Loans Held for Sale | 2.75B | 1.94B | 850.00M | 734.00M | 1.01B | 2.23B |
| Accrued Interest Receivable | 1.87B | 1.87B | 1.93B | 1.63B | 1.03B | |
| Restricted Cash | 32.95B | 39.97B | 985.00M | 597.00M | 573.00M | |
| Other Real Estate Owned & Foreclosed | 131.00M | 143.00M | 31.00M | 36.00M | 34.00M | 26.00M |
| Other Long-Term Assets | 72.37B | 33.37B | 33.58B | 77.49B | 34.83B | 28.70B |
| Total Assets | 627.82B | 573.57B | 560.04B | 561.58B | 557.26B | 557.19B |
| Accrued Expenses | 18.44B | 6.89B | 8.50B | 7.58B | 6.38B | 7.24B |
| Interest Bearing Deposits | 366.64B | 349.12B | 334.10B | 320.13B | 311.80B | 302.10B |
| Non-Interest Bearing Deposits | 99.72B | 91.75B | 92.64B | 101.28B | 124.49B | 155.18B |
| Total Deposits | 466.36B | 440.87B | 426.74B | 421.42B | 436.28B | 457.28B |
| Short-Term Borrowings | 1.73B | 3.17B | 3.54B | 4.52B | 985.00M | |
| Current Portion of Leases | 393.00M | |||||
| Other Current Liabilities | 200.00M | 200.00M | 100.00M | |||
| Long-Term Debt | 43.24B | 43.90B | 39.47B | 34.74B | 26.64B | 30.78B |
| Federal Home Loan Bank Debt, Long-Term | 36.51B | 13.00B | 22.00B | 38.00B | 32.08B | |
| Long-Term Leases | 1.54B | 1.87B | 2.00B | 2.16B | 2.22B | |
| Trust Preferred Securities | 206.00M | 206.00M | ||||
| Other Long-Term Liabilities | 850.00M | 4.22B | 3.62B | 3.16B | 3.19B | 2.86B |
| Total Liabilities | 565.41B | 512.94B | 505.57B | 510.44B | 511.45B | 501.46B |
| Preferred Stock, Other | 5.76B | 5.75B | 6.24B | 5.75B | 5.01B | |
| Total Preferred Equity | 5.76B | 5.75B | 6.24B | 5.75B | 5.01B | |
| Common Stock | 2.79B | 2.72B | 2.72B | 2.72B | 2.71B | 2.71B |
| Additional Paid-In Capital | 22.06B | 13.16B | 12.96B | 12.78B | 12.63B | 12.45B |
| Retained Earnings | 66.72B | 63.27B | 59.28B | 56.29B | 53.57B | 50.23B |
| Treasury Stock | -22.73B | -20.91B | -19.72B | -19.21B | -18.72B | -15.11B |
| Comprehensive Income & Other | -6.47B | -3.41B | -6.57B | -7.71B | -10.17B | 409.00M |
| Total Common Equity | 62.35B | 54.83B | 48.68B | 44.86B | 40.03B | 50.69B |
| Minority Interest | 57.00M | 51.00M | 44.00M | 36.00M | 38.00M | 31.00M |
| Shareholders' Equity | 62.41B | 60.64B | 54.47B | 51.14B | 45.81B | 55.73B |
| Total Liabilities & Equity | 627.82B | 573.57B | 560.04B | 561.58B | 557.26B | 557.19B |
| Total Debt | 79.76B | 60.76B | 66.71B | 78.27B | 65.40B | 33.99B |
| Net Cash (Debt) | -73.23B | -46.21B | -56.84B | -68.14B | -28.13B | 53.16B |
| Net Cash Per Share | -182.85 | -116.70 | -142.09 | -169.92 | -68.29 | 124.80 |
| Filing Date Shares Outstanding | 397.24M | 403.37M | 395.75M | 397.81M | 399.68M | 418.45M |
| Total Common Shares Outstanding | 397.24M | 390.41M | 395.94M | 398.00M | 401.00M | 420.00M |
| Book Value Per Share | 156.96 | 140.43 | 122.94 | 112.72 | 99.82 | 120.68 |
| Tangible Book Value | 49.04B | 43.87B | 37.74B | 33.93B | 29.04B | 39.77B |
| Tangible Book Value Per Share | 123.44 | 112.36 | 95.33 | 85.26 | 72.42 | 94.69 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 6.94B | 5.89B | 5.58B | 6.04B | 5.67B | |
| Depreciation & Amortization | 381.00M | 259.00M | 217.00M | 651.00M | 1.77B | |
| Gain (Loss) on Sale of Investments | 9.00M | -254.00M | 2.00M | 7.00M | ||
| Provision for Credit Losses | 779.00M | 789.00M | 742.00M | 477.00M | -779.00M | |
| Change in Trading Asset Securities | -3.97B | 41.00M | -767.00M | 433.00M | 671.00M | |
| Change in Other Net Operating Assets | -976.00M | -628.00M | 3.03B | 763.00M | -181.00M | |
| Other Operating Activities | 1.22B | 1.78B | 1.31B | 711.00M | 56.00M | |
| Operating Cash Flow | 4.38B | 7.88B | 10.11B | 9.08B | 7.21B | |
| Cash Acquisitions | -10.51B | |||||
| Investment in Securities | 2.74B | -5.52B | 8.29B | -18.43B | -4.20B | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -16.17B | 3.78B | 3.22B | -38.17B | 15.57B | |
| Other Investing Activities | -2.19B | -1.49B | -1.41B | -3.76B | -3.66B | |
| Investing Cash Flow | -15.62B | -3.23B | 10.11B | -60.36B | -2.79B | |
| Short-Term Debt Issued | 77.00M | 359.00M | ||||
| Long-Term Debt Issued | 12.13B | 13.40B | 17.29B | 38.04B | 2.56B | |
| Total Debt Issued | 12.21B | 13.40B | 17.65B | 38.04B | 2.56B | |
| Short-Term Debt Repaid | -74.00M | -2.00M | -46.00M | |||
| Long-Term Debt Repaid | -17.43B | -23.75B | -3.68B | -8.06B | -10.50B | |
| Total Debt Repaid | -17.43B | -23.82B | -3.68B | -8.06B | -10.55B | |
| Net Debt Issued (Repaid) | -5.22B | -10.42B | 13.97B | 29.98B | -7.99B | |
| Issuance of Common Stock | 70.00M | 69.00M | 72.00M | 68.00M | 66.00M | |
| Repurchase of Common Stock | -1.34B | -687.00M | -651.00M | -3.73B | -1.08B | |
| Preferred Stock Issued | 1.48B | 2.23B | 1.48B | |||
| Preferred Share Repurchases | -500.00M | -1.00B | -1.50B | |||
| Common Dividends Paid | -2.63B | -2.54B | -2.46B | -2.39B | -2.06B | |
| Preferred Dividends Paid | -308.00M | -352.00M | -417.00M | -301.00M | -233.00M | |
| Total Dividends Paid | -2.94B | -2.89B | -2.88B | -2.69B | -2.29B | |
| Net Increase (Decrease) in Deposit Accounts | 14.13B | 5.30B | -14.85B | -20.97B | 6.38B | |
| Financing Cash Flow | 4.70B | -9.12B | -3.85B | 3.38B | -3.43B | |
| Net Cash Flow | -6.54B | -4.47B | 16.36B | -47.89B | 987.00M | |
| Cash Interest Paid | 11.15B | 13.05B | 9.45B | 2.17B | 582.00M | |
| Cash Income Tax Paid | 704.00M | 389.00M | 165.00M | 171.00M | 602.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 90.52B | 81.86B | 76.52B | 61.68B | 63.70B | 84.75B |
| Last Close Price | 227.86 | 202.08 | 180.04 | 139.14 | 135.47 | 166.41 |
| PE Ratio | 12.13 | 12.45 | 13.92 | 12.03 | 11.16 | 15.67 |
| PS Ratio | 3.63 | 3.67 | 3.69 | 2.97 | 3.09 | 4.24 |
| PB Ratio | 1.45 | 1.35 | 1.41 | 1.21 | 1.39 | 1.52 |
| P/OCF Ratio | 12.09 | 18.67 | 9.71 | 6.10 | 7.01 | 11.75 |
| Debt / Equity Ratio | 1.28 | 1.00 | 1.23 | 1.53 | 1.43 | 0.61 |
| Net Debt / Equity Ratio | 1.17 | 0.76 | 1.04 | 1.33 | 0.61 | -0.95 |
| Return on Equity (ROE) | 13.10% | 12.16% | 11.27% | 11.65% | 12.04% | 10.43% |
| Return on Assets (ROA) | 1.33% | 1.23% | 1.06% | 1.01% | 1.10% | 1.12% |
| Earnings Yield | 8.25% | 8.47% | 7.70% | 9.04% | 9.48% | 6.69% |
| Dividend Yield | 3.51% | 3.15% | 3.26% | 3.94% | 3.62% | 2.38% |
| Payout Ratio | 39.38% | 42.43% | 49.06% | 51.60% | 44.56% | 40.34% |
| Buyback Yield / Dilution | -0.69% | 1.00% | 0.25% | 2.67% | 3.29% | 0.23% |
| Total Shareholder Return | 2.82% | 4.15% | 3.51% | 6.61% | 6.91% | 2.61% |