The PNC Financial Services Group (PNC) Financials

$177.36 -1.28 (-0.72%)

As of 05/20/2025 03:59 PM Eastern

Annual Income Statements for The PNC Financial Services Group

This table shows The PNC Financial Services Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	5,529	5,153	5,735	5,436	7,284	5,129	5,061	5,076	3,688	3,881
Consolidated Net Income / (Loss)	5,953	5,647	6,113	5,725	7,558	5,418	5,346	5,388	3,985	4,143
Net Income / (Loss) Continuing Operations	5,953	5,647	6,113	5,725	3,003	4,591	4,558	5,388	3,985	4,143
Total Pre-Tax Income	7,242	6,736	7,473	6,988	3,429	5,492	5,486	5,490	5,253	5,507
Total Revenue	21,555	21,490	21,120	19,211	16,901	16,839	16,190	16,329	15,162	15,225
Net Interest Income / (Expense)	13,499	13,916	13,014	10,647	9,946	9,965	9,721	9,108	8,391	8,278
Total Interest Income	26,384	24,308	15,436	11,134	11,307	13,762	12,582	10,814	9,652	9,323
Loans and Leases Interest Income	19,346	18,299	11,795	9,007	8,927	10,525	9,580	8,238	7,414	7,203
Investment Securities Interest Income	4,123	3,545	2,726	1,834	2,041	2,426	2,261	1,998	1,826	1,679
Other Interest Income	2,915	2,464	915	293	339	811	741	578	412	441
Total Interest Expense	12,885	10,392	2,422	487	1,361	3,797	2,861	1,706	1,261	1,045
Deposits Interest Expense	8,401	6,609	1,267	126	643	1,986	1,229	623	430	403
Long-Term Debt Interest Expense	4,484	3,783	1,155	361	718	1,811	1,632	1,083	831	642
Total Non-Interest Income	8,056	7,574	8,106	8,564	6,955	6,874	6,469	7,221	6,771	6,947
Other Non-Interest Income	8,056	7,574	8,106	-	6,955	6,874	6,469	-	6,771	2,057
Provision for Credit Losses	789	742	477	-779	3,175	773	408	441	433	255
Total Non-Interest Expense	13,524	14,012	13,170	13,002	10,297	10,574	10,296	10,398	9,476	9,463
Salaries and Employee Benefits	7,302	7,428	7,244	7,141	5,673	5,647	5,471	5,268	4,873	4,831
Net Occupancy & Equipment Expense	2,481	2,393	2,387	2,351	2,002	2,044	1,921	1,933	1,835	1,767
Marketing Expense	362	350	355	319	236	301	285	244	247	249
Other Operating Expenses	3,379	3,841	3,184	3,191	2,386	2,582	2,619	2,953	2,521	2,616
Income Tax Expense	1,289	1,089	1,360	1,263	426	901	928	102	1,268	1,364
Preferred Stock Dividends Declared	352	417	301	238	233	240	240	262	215	225
Net Income / (Loss) Attributable to Noncontrolling Interest	64	69	72	51	41	49	45	50	82	37
Basic Earnings per Share	$13.76	$12.80	$13.86	$12.71	$16.99	$11.43	$10.79	$10.49	$7.42	$7.52
Weighted Average Basic Shares Outstanding	399M	401M	412M	426M	427M	447M	467M	481M	494M	514M
Diluted Earnings per Share	$13.74	$12.79	$13.85	$12.70	$16.96	$11.39	$10.71	$10.36	$7.30	$7.39
Weighted Average Diluted Shares Outstanding	400M	401M	412M	426M	427M	448M	470M	486M	500M	521M
Weighted Average Basic & Diluted Shares Outstanding	395.75M	397.81M	399.68M	418.45M	424.02M	428.73M	453.61M	483.90M	497M	516.10M
Cash Dividends to Common per Share	$6.30	$6.10	$5.75	$4.80	-	-	-	$2.60	$2.12	$2.01

This table shows The PNC Financial Services Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	1,408	1,514	1,406	1,362	1,247	744	1,448	1,354	1,607	1,407	1,558
Consolidated Net Income / (Loss)	1,499	1,627	1,505	1,477	1,344	883	1,570	1,500	1,694	1,548	1,640
Net Income / (Loss) Continuing Operations	1,499	1,627	1,505	1,477	1,344	883	1,570	1,500	1,694	1,548	1,640
Total Pre-Tax Income	1,846	1,905	1,862	1,819	1,656	1,055	1,859	1,775	2,047	1,881	2,028
Total Revenue	5,452	5,567	5,432	5,411	5,145	5,361	5,233	5,293	5,603	5,763	5,549
Net Interest Income / (Expense)	3,476	3,523	3,410	3,302	3,264	3,403	3,418	3,510	3,585	3,684	3,475
Total Interest Income	6,130	6,494	6,822	6,568	6,500	6,502	6,203	5,944	5,659	5,109	4,132
Loans and Leases Interest Income	4,472	4,731	4,954	4,842	4,819	4,875	4,643	4,523	4,258	3,860	3,138
Investment Securities Interest Income	1,124	1,142	1,097	1,001	883	885	892	883	885	836	715
Other Interest Income	534	621	771	725	798	742	668	538	516	413	279
Total Interest Expense	2,654	2,971	3,412	3,266	3,236	3,099	2,785	2,434	2,074	1,425	657
Deposits Interest Expense	1,808	2,010	2,230	2,084	2,077	1,995	1,792	1,531	1,291	812	340
Long-Term Debt Interest Expense	846	961	1,182	1,182	1,159	1,104	993	903	783	613	317
Total Non-Interest Income	1,976	2,044	2,022	2,109	1,881	1,958	1,815	1,783	2,018	2,079	2,074
Other Non-Interest Income	1,976	-	-	-	1,881	-	-	-	2,018	-	2,074
Provision for Credit Losses	219	156	243	235	155	232	129	146	235	408	241
Total Non-Interest Expense	3,387	3,506	3,327	3,357	3,334	4,074	3,245	3,372	3,321	3,474	3,280
Salaries and Employee Benefits	1,890	1,857	1,869	1,782	1,794	1,983	1,773	1,846	1,826	1,943	1,805
Net Occupancy & Equipment Expense	629	713	591	592	585	608	591	593	601	616	585
Marketing Expense	85	112	93	93	64	74	93	109	74	106	93
Other Operating Expenses	783	824	774	890	891	1,409	788	824	820	809	797
Income Tax Expense	347	278	357	342	312	172	289	275	353	333	388
Preferred Stock Dividends Declared	71	88	84	97	83	112	106	129	70	116	66
Net Income / (Loss) Attributable to Noncontrolling Interest	18	17	15	18	14	19	16	17	17	20	16
Basic Earnings per Share	$3.52	$3.77	$3.50	$3.39	$3.10	$1.86	$3.60	$3.36	$3.98	$3.46	$3.78
Weighted Average Basic Shares Outstanding	398M	399M	399M	400M	400M	401M	400M	401M	401M	412M	410M
Diluted Earnings per Share	$3.51	$3.76	$3.49	$3.39	$3.10	$1.85	$3.60	$3.36	$3.98	$3.45	$3.78
Weighted Average Diluted Shares Outstanding	398M	400M	400M	400M	400M	401M	400M	401M	402M	412M	410M
Weighted Average Basic & Diluted Shares Outstanding	395.57M	395.75M	396.78M	397.50M	397.91M	397.81M	398.34M	398.25M	399.11M	399.68M	403.32M
Cash Dividends to Common per Share	$1.60	-	$1.60	$1.55	$1.55	-	$1.55	$1.50	$1.50	-	$1.50

This table details how cash moves in and out of The PNC Financial Services Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-4,474	16,362	-47,891	987	1,956	-547	95	370	814	28,563
Net Cash From Operating Activities	7,880	10,111	9,083	7,214	4,659	7,363	7,840	5,579	3,500	5,442
Net Cash From Continuing Operating Activities	7,880	10,111	9,083	7,214	4,659	7,363	7,840	5,579	3,500	5,442
Net Income / (Loss) Continuing Operations	5,953	5,647	6,113	5,725	7,558	5,418	5,346	5,388	3,985	4,143
Consolidated Net Income / (Loss)	5,953	5,647	6,113	5,725	7,558	5,418	5,346	5,388	3,985	4,143
Provision For Loan Losses	789	742	477	-779	3,175	773	408	441	433	-
Depreciation Expense	259	217	651	1,773	1,497	1,315	1,129	1,117	1,193	1,088
Non-Cash Adjustments to Reconcile Net Income	-130	48	-185	263	-7,659	417	-220	-807	18	274
Changes in Operating Assets and Liabilities, net	1,009	3,457	2,027	232	88	-560	1,177	-560	-2,129	-63
Net Cash From Investing Activities	-3,232	10,105	-60,358	-2,795	-51,122	-24,990	-3,969	-14,895	-7,307	7,356
Net Cash From Continuing Investing Activities	-3,232	10,105	-60,358	-2,795	-51,122	-24,990	-3,969	-14,895	-7,307	7,356
Purchase of Investment Securities	-30,073	-5,402	-87,859	-61,765	-48,655	-42,185	-34,813	-35,980	-27,056	-5,117
Sale and/or Maturity of Investments	27,228	14,934	28,219	58,994	-18,430	12,221	38,365	21,330	19,623	11,992
Net Increase in Fed Funds Sold	-387	573	-718	-24	1,738	4,899	-5,837	-245	126	481
Net Cash From Financing Activities	-9,122	-3,854	3,384	-3,432	48,419	17,080	-3,512	9,686	4,621	10,440
Net Cash From Continuing Financing Activities	-9,122	-3,854	3,384	-3,432	48,419	17,080	-3,512	9,686	4,621	15,765
Net Change in Deposits	5,304	-14,852	-20,969	6,377	76,798	20,716	2,674	7,991	8,579	16,577
Issuance of Debt	12,974	16,464	36,610	1,736	3,623	25,366	15,501	18,621	6,385	9,890
Issuance of Preferred Equity	0.00	1,484	2,225	1,484	0.00	0.00	0.00	0.00	519	0.00
Issuance of Common Equity	69	72	68	66	65	90	69	132	151	139
Repayment of Debt	-23,319	-3,676	-7,421	-10,503	-22,540	-28,774	-17,934	-12,388	-7,864	-6,393
Repurchase of Common Equity	-687	-651	-3,731	-1,079	-1,624	-3,578	-2,877	-2,447	-2,062	-2,152
Payment of Dividends	-2,889	-2,878	-2,692	-2,289	-2,209	-2,131	-1,837	-1,502	-1,270	-1,257
Other Financing Activities, Net	-574	183	-706	776	-5,694	5,391	892	-721	183	-1,039
Cash Interest Paid	13,052	9,451	2,172	582	1,292	3,742	2,835	1,743	1,317	1,005
Cash Income Taxes Paid	479	1,829	223	748	3,420	447	840	96	769	1,205

This table details how cash moves in and out of The PNC Financial Services Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-7,851	5,065	1,905	-10,456	-988	3,941	2,334	11,190	-1,103	-46,435	-2,034
Net Cash From Operating Activities	-509	1,800	3,287	1,035	1,758	4,864	115	3,256	1,876	4,046	3,394
Net Cash From Continuing Operating Activities	-509	1,800	3,287	1,035	1,758	4,864	115	3,256	1,876	4,046	3,394
Net Income / (Loss) Continuing Operations	1,499	1,627	1,505	1,477	1,344	883	1,570	1,500	1,694	1,548	1,640
Consolidated Net Income / (Loss)	1,499	1,627	1,505	1,477	1,344	883	1,570	1,500	1,694	1,548	1,640
Provision For Loan Losses	219	156	243	235	155	232	129	146	235	408	241
Depreciation Expense	90	164	21	37	37	43	49	60	65	64	58
Non-Cash Adjustments to Reconcile Net Income	144	-82	205	-166	-87	228	-243	-81	144	45	-2.00
Changes in Operating Assets and Liabilities, net	-2,461	-65	1,313	-548	309	3,478	-1,390	1,631	-262	1,981	1,457
Net Cash From Investing Activities	-980	7,135	-3,782	-220	-6,365	-2,345	4,913	13,249	-5,712	-49,685	-21,690
Net Cash From Continuing Investing Activities	-980	7,135	-3,782	-220	-6,365	-2,345	4,913	13,249	-5,712	-49,685	-21,690
Purchase of Investment Securities	-7,070	-1,946	-9,932	-7,862	-10,333	-5,600	94	2,888	-2,784	-21,322	-64,575
Sale and/or Maturity of Investments	6,535	8,862	6,923	7,471	3,972	3,099	4,631	10,164	-2,960	-28,550	42,871
Net Increase in Fed Funds Sold	-445	219	-773	171	-4.00	156	188	197	32	187	14
Net Cash From Financing Activities	-6,362	-3,870	2,400	-11,271	3,619	1,422	-2,694	-5,315	2,733	-796	16,262
Net Cash From Continuing Financing Activities	-6,362	-3,870	2,400	-11,271	3,619	1,422	-2,694	-5,315	2,733	-796	16,262
Net Change in Deposits	-3,823	2,697	7,646	-9,209	4,170	-2,170	-3,866	-9,377	561	-1,889	-2,633
Issuance of Debt	2,742	6,245	2,493	1,651	2,585	7,259	1,755	5,531	1,919	4,826	20,937
Issuance of Common Equity	25	9.00	27	9.00	24	10	26	10	26	10	24
Repayment of Debt	-4,331	-10,879	-7,157	-3,037	-2,246	-2,216	-140	-1,124	-196	-1,080	-1,754
Repurchase of Common Equity	-262	-221	-130	-113	-223	-52	-11	-129	-459	-653	-1,002
Payment of Dividends	-710	-738	-728	-718	-705	-742	-728	-733	-675	-732	-687
Other Financing Activities, Net	-3.00	-983	249	146	14	-667	270	507	73	-1,278	142
Cash Interest Paid	2,706	3,466	3,272	3,453	2,861	3,178	3,687	895	1,691	1,277	475
Cash Income Taxes Paid	78	103	44	291	41	54	232	1,484	59	128	25

This table presents The PNC Financial Services Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	560,038	561,580	557,263	557,191	466,679	410,295	382,315	380,768	366,380	358,493
Cash and Due from Banks	6,904	6,921	7,043	8,004	7,017	5,061	5,608	5,249	4,879	4,065
Interest Bearing Deposits at Other Banks	39,347	43,804	27,320	74,250	85,173	23,413	10,893	28,595	25,711	30,546
Trading Account Securities	78,543	91,518	96,185	3,657	90,396	87,907	83,695	78,786	78,451	72,068
Loans and Leases, Net of Allowance	311,981	316,717	321,284	283,504	236,567	237,101	223,616	217,847	208,244	203,969
Loans and Leases	316,467	321,508	326,025	288,372	241,928	239,843	226,245	220,458	210,833	206,696
Allowance for Loan and Lease Losses	4,486	4,791	4,741	4,868	5,361	2,742	2,629	2,611	2,589	2,727
Goodwill	10,932	10,932	10,987	10,916	9,233	9,233	9,218	9,173	9,103	9,103
Other Assets	112,331	91,688	94,444	176,860	38,293	47,580	49,285	41,118	39,992	38,742
Total Liabilities & Shareholders' Equity	560,038	561,580	557,263	557,191	466,679	410,295	382,315	380,768	366,380	358,493
Total Liabilities	505,569	510,439	511,451	501,465	412,638	360,952	334,545	333,183	319,526	312,513
Non-Interest Bearing Deposits	92,641	101,285	124,486	155,175	112,637	72,779	73,960	79,864	80,230	79,435
Interest Bearing Deposits	334,097	320,133	311,796	302,103	252,708	215,761	193,879	185,189	176,934	169,567
Short-Term Debt	3,072	3,026	3,674	-	3,021	-	-	4,789	4,176	4,570
Long-Term Debt	58,601	69,711	55,039	30,784	34,174	60,263	57,419	54,299	48,530	49,962
Other Long-Term Liabilities	16,439	15,621	15,762	13,403	10,098	12,149	9,287	9,042	9,656	8,979
Total Equity & Noncontrolling Interests	54,469	51,141	45,812	55,726	54,041	49,343	47,770	47,585	46,854	45,980
Total Preferred & Common Equity	54,425	51,105	45,774	55,695	54,010	49,314	47,728	47,513	45,699	44,710
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	54,425	51,105	45,774	55,695	54,010	49,314	47,728	47,513	45,699	44,710
Common Stock	21,427	21,736	21,090	20,170	18,597	19,081	18,988	19,084	19,360	18,905
Retained Earnings	59,282	56,290	53,572	50,228	46,848	42,215	38,919	35,481	31,670	29,043
Treasury Stock	-19,719	-19,209	-18,716	-15,112	-14,205	-12,781	-9,454	-6,904	-5,066	-3,368
Accumulated Other Comprehensive Income / (Loss)	-6,565	-7,712	-10,172	409	2,770	799	-725	-148	-265	130
Noncontrolling Interest	44	36	38	31	31	29	42	72	1,155	1,270

This table presents The PNC Financial Services Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	554,722	560,038	564,881	556,519	566,162	561,580	557,334	558,207	561,777	557,263	559,477
Cash and Due from Banks	6,102	6,904	6,162	6,242	5,933	6,921	5,300	6,191	5,940	7,043	6,548
Interest Bearing Deposits at Other Banks	32,298	39,347	35,024	33,039	53,612	43,804	41,484	38,259	33,865	27,320	40,278
Trading Account Securities	75,693	78,543	84,595	88,445	88,923	91,518	92,720	94,709	96,017	96,185	137,577
Loans and Leases, Net of Allowance	314,306	311,981	316,792	316,793	315,088	316,717	313,649	317,024	321,734	321,284	310,819
Loans and Leases	318,850	316,467	321,381	321,429	319,781	321,508	318,416	321,761	326,475	326,025	315,400
Allowance for Loan and Lease Losses	4,544	4,486	4,589	4,636	4,693	4,791	4,767	4,737	4,741	4,741	4,581
Goodwill	10,932	10,932	10,932	10,932	10,932	10,932	10,987	10,987	10,987	10,987	10,987
Other Assets	115,391	112,331	111,376	101,068	91,674	91,688	93,194	91,037	93,234	94,444	53,268
Total Liabilities & Shareholders' Equity	554,722	560,038	564,881	556,519	566,162	561,580	557,334	558,207	561,777	557,263	559,477
Total Liabilities	498,271	505,569	509,152	503,838	514,788	510,439	507,853	508,861	512,703	511,451	512,754
Non-Interest Bearing Deposits	92,369	92,641	94,588	94,542	98,061	101,285	105,672	110,527	118,014	124,486	138,423
Interest Bearing Deposits	330,546	334,097	329,378	321,849	327,563	320,133	317,937	316,962	318,819	311,796	299,771
Short-Term Debt	3,572	3,072	3,381	-	2,973	3,026	3,032	3,831	3,550	3,674	3,915
Long-Term Debt	57,150	58,601	64,688	71,391	69,734	69,711	63,135	61,553	57,272	55,039	50,718
Other Long-Term Liabilities	13,960	16,439	16,392	16,056	15,785	15,621	17,437	15,988	15,048	15,762	19,927
Total Equity & Noncontrolling Interests	56,451	54,469	55,729	52,681	51,374	51,141	49,481	49,346	49,074	45,812	46,723
Total Preferred & Common Equity	56,405	54,425	55,689	52,642	51,340	51,105	49,454	49,320	49,044	45,774	46,688
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	56,405	54,425	55,689	52,642	51,340	51,105	49,454	49,320	49,044	45,774	46,688
Common Stock	21,448	21,427	21,866	21,814	21,748	21,736	22,686	22,649	22,578	21,090	22,524
Retained Earnings	60,051	59,282	58,412	57,652	56,913	56,290	56,170	55,346	54,598	53,572	52,777
Treasury Stock	-19,857	-19,719	-19,499	-19,378	-19,279	-19,209	-19,141	-19,150	-19,024	-18,716	-18,127
Accumulated Other Comprehensive Income / (Loss)	-5,237	-6,565	-5,090	-7,446	-8,042	-7,712	-10,261	-9,525	-9,108	-10,172	-10,486
Noncontrolling Interest	46	44	40	39	34	36	27	26	30	38	35

This table displays calculated financial ratios and metrics derived from The PNC Financial Services Group's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.30%	1.75%	9.94%	13.67%	0.37%	4.01%	-0.85%	7.70%	-0.41%	-0.98%
EBITDA Growth	7.88%	-14.41%	-7.27%	77.85%	-27.63%	2.90%	0.12%	2.50%	-2.26%	-0.11%
EBIT Growth	7.51%	-9.86%	6.94%	103.79%	-37.56%	0.11%	-0.07%	4.51%	-4.61%	-1.91%
NOPAT Growth	5.42%	-7.62%	6.78%	90.64%	-34.59%	0.72%	-15.40%	35.21%	-3.81%	-1.52%
Net Income Growth	5.42%	-7.62%	6.78%	-24.25%	39.50%	1.35%	-0.78%	35.21%	-3.81%	-1.52%
EPS Growth	7.43%	-7.65%	9.06%	-25.12%	48.90%	6.35%	3.38%	41.92%	-1.22%	1.23%
Operating Cash Flow Growth	-22.07%	11.32%	25.91%	54.84%	-36.72%	-6.08%	40.53%	59.40%	-35.69%	-2.56%
Free Cash Flow Firm Growth	199.88%	-15.16%	-213.88%	-51.10%	12,183.33%	-97.12%	450.26%	-134.94%	66.62%	131.96%
Invested Capital Growth	-6.24%	18.52%	20.82%	-5.18%	-16.76%	4.20%	-1.39%	7.14%	-0.95%	1.19%
Revenue Q/Q Growth	0.96%	-1.84%	3.10%	5.02%	0.67%	4.32%	-5.06%	2.42%	0.14%	-0.61%
EBITDA Q/Q Growth	14.87%	-10.86%	-3.29%	-0.97%	18.90%	8.98%	-5.28%	-4.48%	-0.42%	0.75%
EBIT Q/Q Growth	13.30%	-10.92%	3.00%	-1.29%	22.99%	8.71%	-6.81%	-5.05%	-0.32%	0.49%
NOPAT Q/Q Growth	14.28%	-10.54%	4.12%	-2.55%	20.07%	9.31%	-25.11%	24.03%	0.63%	-0.84%
Net Income Q/Q Growth	14.28%	-10.54%	4.12%	-2.55%	1.00%	0.56%	-12.16%	24.03%	0.63%	-0.84%
EPS Q/Q Growth	16.15%	-11.12%	4.37%	-2.68%	1.56%	1.97%	-11.56%	26.65%	1.39%	0.27%
Operating Cash Flow Q/Q Growth	-28.00%	8.80%	6.47%	27.57%	-20.21%	15.32%	19.38%	-5.76%	-14.72%	17.34%
Free Cash Flow Firm Q/Q Growth	565.45%	-71.75%	-108.19%	-9.33%	19.47%	111.21%	19.76%	31.57%	-35.66%	259.04%
Invested Capital Q/Q Growth	-6.18%	7.12%	3.13%	-3.63%	-4.38%	-1.09%	0.13%	2.55%	2.48%	-0.35%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	34.80%	32.35%	38.47%	45.60%	29.15%	40.42%	40.86%	40.46%	42.51%	43.32%
EBIT Margin	33.60%	31.34%	35.38%	36.38%	20.29%	32.61%	33.89%	33.62%	34.65%	36.17%
Profit (Net Income) Margin	27.62%	26.28%	28.94%	29.80%	44.72%	32.18%	33.02%	33.00%	26.28%	27.21%
Tax Burden Percent	82.20%	83.83%	81.80%	81.93%	220.41%	98.65%	97.45%	98.14%	75.86%	75.23%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	17.80%	16.17%	18.20%	18.07%	12.42%	16.41%	16.92%	1.86%	24.14%	24.77%
Return on Invested Capital (ROIC)	4.96%	4.94%	6.40%	6.44%	2.99%	4.27%	4.30%	5.23%	3.98%	4.15%
ROIC Less NNEP Spread (ROIC-NNEP)	4.96%	4.94%	6.40%	6.44%	12.34%	5.68%	5.66%	5.23%	3.98%	4.15%
Return on Net Nonoperating Assets (RNNOA)	6.31%	6.70%	5.64%	3.99%	11.63%	6.88%	6.91%	6.19%	4.60%	4.86%
Return on Equity (ROE)	11.27%	11.65%	12.04%	10.43%	14.62%	11.16%	11.21%	11.41%	8.59%	9.00%
Cash Return on Invested Capital (CROIC)	11.41%	-12.00%	-12.46%	11.76%	21.28%	0.16%	5.70%	-1.67%	4.94%	2.97%
Operating Return on Assets (OROA)	1.29%	1.20%	1.34%	1.37%	0.78%	1.39%	1.44%	1.47%	1.45%	1.57%
Return on Assets (ROA)	1.06%	1.01%	1.10%	1.12%	1.72%	1.37%	1.40%	1.44%	1.10%	1.18%
Return on Common Equity (ROCE)	11.27%	11.64%	12.03%	10.43%	14.61%	11.15%	11.20%	11.26%	8.36%	8.73%
Return on Equity Simple (ROE_SIMPLE)	10.94%	11.05%	13.35%	10.28%	13.99%	10.99%	11.20%	11.34%	8.72%	9.27%
Net Operating Profit after Tax (NOPAT)	5,953	5,647	6,113	5,725	3,003	4,591	4,558	5,388	3,985	4,143
NOPAT Margin	27.62%	26.28%	28.94%	29.80%	17.77%	27.26%	28.15%	33.00%	26.28%	27.21%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	-9.35%	-1.41%	-1.35%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	47.07%	47.33%	47.28%	51.07%	46.81%	47.46%	47.42%	45.59%	45.87%	44.97%
Operating Expenses to Revenue	62.74%	65.20%	62.36%	67.68%	60.93%	62.79%	63.59%	63.68%	62.50%	62.15%
Earnings before Interest and Taxes (EBIT)	7,242	6,736	7,473	6,988	3,429	5,492	5,486	5,490	5,253	5,507
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	7,501	6,953	8,124	8,761	4,926	6,807	6,615	6,607	6,446	6,595
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.39	1.15	1.27	1.36	1.02	1.19	0.92	1.15	0.97	0.82
Price to Tangible Book Value (P/TBV)	1.75	1.47	1.67	1.70	1.23	1.46	1.14	1.42	1.21	1.03
Price to Revenue (P/Rev)	3.52	2.74	2.75	3.95	3.26	3.48	2.71	3.33	2.91	2.41
Price to Earnings (P/E)	13.73	11.43	10.12	13.97	7.57	11.43	8.66	10.72	11.98	9.44
Dividend Yield	3.29%	4.13%	4.00%	2.67%	3.54%	3.14%	3.58%	2.27%	2.33%	2.79%
Earnings Yield	7.29%	8.75%	9.88%	7.16%	13.22%	8.75%	11.55%	9.33%	8.35%	10.59%
Enterprise Value to Invested Capital (EV/IC)	0.79	0.65	0.79	0.28	0.00	0.83	0.81	0.75	0.68	0.58
Enterprise Value to Revenue (EV/Rev)	4.24	3.77	3.90	1.28	0.01	5.37	5.24	4.88	4.45	3.80
Enterprise Value to EBITDA (EV/EBITDA)	12.18	11.64	10.15	2.80	0.03	13.29	12.82	12.07	10.46	8.77
Enterprise Value to EBIT (EV/EBIT)	12.62	12.02	11.03	3.51	0.04	16.47	15.45	14.52	12.84	10.50
Enterprise Value to NOPAT (EV/NOPAT)	15.35	14.33	13.49	4.28	0.05	19.70	18.60	14.80	16.92	13.96
Enterprise Value to Operating Cash Flow (EV/OCF)	11.59	8.00	9.08	3.40	0.03	12.28	10.81	14.29	19.27	10.63
Enterprise Value to Free Cash Flow (EV/FCFF)	6.67	0.00	0.00	2.35	0.01	519.77	14.03	0.00	13.66	19.52
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.13	1.42	1.28	0.55	0.69	1.22	1.20	1.24	1.12	1.19
Long-Term Debt to Equity	1.08	1.36	1.20	0.55	0.63	1.22	1.20	1.14	1.04	1.09
Financial Leverage	1.27	1.36	0.88	0.62	0.94	1.21	1.22	1.18	1.16	1.17
Leverage Ratio	10.62	11.54	10.98	9.33	8.48	8.16	8.00	7.91	7.81	7.64
Compound Leverage Factor	10.62	11.54	10.98	9.33	8.48	8.16	8.00	7.91	7.81	7.64
Debt to Total Capital	53.10%	58.72%	56.17%	35.58%	40.77%	54.98%	54.59%	55.39%	52.94%	54.25%
Short-Term Debt to Total Capital	2.65%	2.44%	3.51%	0.00%	3.31%	0.00%	0.00%	4.49%	4.19%	4.55%
Long-Term Debt to Total Capital	50.46%	56.27%	52.66%	35.58%	37.46%	54.98%	54.59%	50.90%	48.74%	49.71%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.04%	0.03%	0.04%	0.04%	0.03%	0.03%	0.04%	0.07%	1.16%	1.26%
Common Equity to Total Capital	46.86%	41.25%	43.79%	64.38%	59.20%	44.99%	45.37%	44.54%	45.90%	44.48%
Debt to EBITDA	8.22	10.46	7.23	3.51	7.55	8.85	8.68	8.94	8.18	8.27
Net Debt to EBITDA	2.06	3.17	3.00	-5.87	-11.16	4.67	6.19	3.82	3.43	3.02
Long-Term Debt to EBITDA	7.81	10.03	6.77	3.51	6.94	8.85	8.68	8.22	7.53	7.58
Debt to NOPAT	10.36	12.88	9.60	5.38	12.39	13.13	12.60	10.97	13.23	13.16
Net Debt to NOPAT	2.59	3.90	3.98	-8.99	-18.31	6.92	8.98	4.69	5.55	4.81
Long-Term Debt to NOPAT	9.84	12.34	9.00	5.38	11.38	13.13	12.60	10.08	12.18	12.06
Noncontrolling Interest Sharing Ratio	0.08%	0.08%	0.07%	0.06%	0.06%	0.07%	0.12%	1.30%	2.61%	3.03%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	13,689	-13,706	-11,902	10,451	21,373	174	6,042	-1,725	4,937	2,963
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	1.06	-1.32	-4.91	21.46	15.70	0.05	2.11	-1.01	3.92	2.84
Operating Cash Flow to Interest Expense	0.61	0.97	3.75	14.81	3.42	1.94	2.74	3.27	2.78	5.21
Operating Cash Flow Less CapEx to Interest Expense	0.61	0.97	3.75	14.81	3.42	1.94	2.74	3.27	2.78	5.21
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	116,142	123,878	104,525	86,510	91,236	109,606	105,189	106,673	99,560	100,512
Invested Capital Turnover	0.18	0.19	0.22	0.22	0.17	0.16	0.15	0.16	0.15	0.15
Increase / (Decrease) in Invested Capital	-7,736	19,353	18,015	-4,726	-18,370	4,417	-1,484	7,113	-952	1,180
Enterprise Value (EV)	91,360	80,933	82,434	24,528	149	90,441	84,772	79,732	67,445	57,840
Market Capitalization	75,894	58,885	58,046	75,967	55,113	58,623	43,812	54,416	44,174	36,649
Book Value per Share	$137.17	$128.29	$113.49	$131.78	$127.47	$112.55	$103.44	$99.86	$93.93	$88.05
Tangible Book Value per Share	$109.61	$100.85	$86.25	$105.95	$105.68	$91.47	$83.46	$80.58	$75.22	$70.12
Total Capital	116,142	123,878	104,525	86,510	91,236	109,606	105,189	106,673	99,560	100,512
Total Debt	61,673	72,737	58,713	30,784	37,195	60,263	57,419	59,088	52,706	54,532
Total Long-Term Debt	58,601	69,711	55,039	30,784	34,174	60,263	57,419	54,299	48,530	49,962
Net Debt	15,422	22,012	24,350	-51,470	-54,995	31,789	40,918	25,244	22,116	19,921
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	-4,555	-827	-788	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	61,673	72,737	58,713	30,784	37,195	60,263	57,419	59,088	52,706	54,532
Total Depreciation and Amortization (D&A)	259	217	651	1,773	1,497	1,315	1,129	1,117	1,193	1,088
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$13.76	$12.80	$13.86	$12.71	$16.99	$11.43	$10.79	$10.49	$7.42	$7.52
Adjusted Weighted Average Basic Shares Outstanding	399M	401M	412M	426M	427M	447M	467M	481M	494M	514M
Adjusted Diluted Earnings per Share	$13.74	$12.79	$13.85	$12.70	$16.96	$11.39	$10.71	$10.36	$7.30	$7.39
Adjusted Weighted Average Diluted Shares Outstanding	400M	401M	412M	426M	427M	448M	470M	486M	500M	521M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$11.43	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	395.75M	397.81M	399.68M	418.45M	424.02M	428.73M	453.61M	471.59M	486.16M	501.11M
Normalized Net Operating Profit after Tax (NOPAT)	5,953	5,647	6,113	5,725	3,003	4,591	4,558	5,388	3,985	4,143
Normalized NOPAT Margin	27.62%	26.28%	28.94%	29.80%	17.77%	27.26%	28.15%	33.00%	26.28%	27.21%
Pre Tax Income Margin	33.60%	31.34%	35.38%	36.38%	20.29%	32.61%	33.89%	33.62%	34.65%	36.17%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.56	0.65	3.09	14.35	2.52	1.45	1.92	3.22	4.17	5.27
NOPAT to Interest Expense	0.46	0.54	2.52	11.76	2.21	1.21	1.59	3.16	3.16	3.96
EBIT Less CapEx to Interest Expense	0.56	0.65	3.09	14.35	2.52	1.45	1.92	3.22	4.17	5.27
NOPAT Less CapEx to Interest Expense	0.46	0.54	2.52	11.76	2.21	1.21	1.59	3.16	3.16	3.96
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	48.53%	50.97%	44.04%	39.98%	29.23%	39.33%	34.36%	27.88%	31.87%	30.34%
Augmented Payout Ratio	60.07%	62.49%	105.07%	58.83%	50.71%	105.37%	88.18%	73.29%	83.61%	82.28%

This table displays calculated financial ratios and metrics derived from The PNC Financial Services Group's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.97%	3.84%	3.80%	2.23%	-8.17%	-6.98%	-5.69%	3.46%	19.42%	12.40%	6.77%
EBITDA Growth	14.35%	88.43%	-1.31%	1.14%	-19.84%	-43.55%	-8.53%	-7.32%	-0.05%	-12.43%	-6.62%
EBIT Growth	11.47%	80.57%	0.16%	2.48%	-19.10%	-43.91%	-8.33%	-3.32%	18.46%	13.11%	11.86%
NOPAT Growth	11.53%	84.26%	-4.14%	-1.53%	-20.66%	-42.96%	-4.27%	0.27%	18.54%	18.53%	10.07%
Net Income Growth	11.53%	84.26%	-4.14%	-1.53%	-20.66%	-42.96%	-4.27%	0.27%	18.54%	18.53%	10.07%
EPS Growth	13.23%	103.24%	-3.06%	0.89%	-22.11%	-46.38%	-4.76%	-0.89%	23.22%	20.21%	14.55%
Operating Cash Flow Growth	-128.95%	-62.99%	2,758.26%	-68.21%	-6.29%	20.22%	-96.61%	23.71%	289.69%	15.80%	122.56%
Free Cash Flow Firm Growth	165.47%	150.69%	47.77%	73.39%	60.39%	-12.16%	-27.89%	-503.69%	-358.27%	-372.99%	-239.29%
Invested Capital Growth	-5.57%	-6.24%	7.05%	8.14%	12.91%	18.52%	14.10%	37.12%	45.01%	20.82%	12.91%
Revenue Q/Q Growth	-2.07%	2.49%	0.39%	5.17%	-4.03%	2.45%	-1.13%	-5.53%	-2.78%	3.86%	8.46%
EBITDA Q/Q Growth	-6.43%	9.88%	1.45%	9.63%	54.19%	-42.45%	3.98%	-13.12%	8.59%	-6.76%	5.35%
EBIT Q/Q Growth	-3.10%	2.31%	2.36%	9.84%	56.97%	-43.25%	4.73%	-13.29%	8.83%	-7.25%	10.46%
NOPAT Q/Q Growth	-7.87%	8.11%	1.90%	9.90%	52.21%	-43.76%	4.67%	-11.45%	9.43%	-5.61%	9.63%
Net Income Q/Q Growth	-7.87%	8.11%	1.90%	9.90%	52.21%	-43.76%	4.67%	-11.45%	9.43%	-5.61%	9.63%
EPS Q/Q Growth	-6.65%	7.74%	2.95%	9.35%	67.57%	-48.61%	7.14%	-15.58%	15.36%	-8.73%	11.50%
Operating Cash Flow Q/Q Growth	-128.28%	-45.24%	217.58%	-41.13%	-63.86%	4,129.57%	-96.47%	73.56%	-53.63%	19.21%	28.95%
Free Cash Flow Firm Q/Q Growth	-10.21%	240.90%	15.51%	38.75%	30.48%	-45.18%	56.96%	8.81%	-96.85%	-65.53%	-235.86%
Invested Capital Q/Q Growth	0.89%	-6.18%	-0.22%	-0.01%	0.16%	7.12%	0.80%	4.40%	5.14%	3.13%	21.13%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	35.51%	37.17%	34.66%	34.30%	32.91%	20.48%	36.46%	34.67%	37.69%	33.75%	37.59%
EBIT Margin	33.86%	34.22%	34.28%	33.62%	32.19%	19.68%	35.52%	33.53%	36.53%	32.64%	36.55%
Profit (Net Income) Margin	27.49%	29.23%	27.71%	27.30%	26.12%	16.47%	30.00%	28.34%	30.23%	26.86%	29.55%
Tax Burden Percent	81.20%	85.41%	80.83%	81.20%	81.16%	83.70%	84.45%	84.51%	82.76%	82.30%	80.87%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	18.80%	14.59%	19.17%	18.80%	18.84%	16.30%	15.55%	15.49%	17.24%	17.70%	19.13%
Return on Invested Capital (ROIC)	4.98%	5.25%	4.94%	4.84%	4.70%	3.10%	6.05%	6.34%	7.17%	5.94%	6.34%
ROIC Less NNEP Spread (ROIC-NNEP)	4.98%	5.25%	4.94%	4.84%	4.70%	3.10%	6.05%	6.34%	7.17%	5.94%	6.34%
Return on Net Nonoperating Assets (RNNOA)	6.17%	6.68%	6.30%	6.48%	6.24%	4.20%	7.60%	6.63%	6.38%	5.24%	5.42%
Return on Equity (ROE)	11.15%	11.93%	11.24%	11.32%	10.94%	7.30%	13.65%	12.97%	13.55%	11.17%	11.75%
Cash Return on Invested Capital (CROIC)	10.79%	11.41%	-2.46%	-3.41%	-7.60%	-12.00%	-7.35%	-24.87%	-29.87%	-12.46%	-5.98%
Operating Return on Assets (OROA)	1.32%	1.32%	1.30%	1.28%	1.20%	0.76%	1.39%	1.36%	1.46%	1.24%	1.35%
Return on Assets (ROA)	1.07%	1.12%	1.05%	1.04%	0.97%	0.63%	1.18%	1.15%	1.21%	1.02%	1.09%
Return on Common Equity (ROCE)	11.14%	11.92%	11.24%	11.31%	10.93%	7.30%	13.65%	12.96%	13.54%	11.17%	11.74%
Return on Equity Simple (ROE_SIMPLE)	10.83%	0.00%	9.35%	10.02%	10.32%	0.00%	12.76%	12.94%	13.00%	0.00%	12.58%
Net Operating Profit after Tax (NOPAT)	1,499	1,627	1,505	1,477	1,344	883	1,570	1,500	1,694	1,548	1,640
NOPAT Margin	27.49%	29.23%	27.71%	27.30%	26.12%	16.47%	30.00%	28.34%	30.23%	26.86%	29.55%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	47.76%	48.18%	47.00%	45.59%	47.48%	49.71%	46.95%	48.14%	44.64%	46.24%	44.75%
Operating Expenses to Revenue	62.12%	62.98%	61.25%	62.04%	64.80%	75.99%	62.01%	63.71%	59.27%	60.28%	59.11%
Earnings before Interest and Taxes (EBIT)	1,846	1,905	1,862	1,819	1,656	1,055	1,859	1,775	2,047	1,881	2,028
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,936	2,069	1,883	1,856	1,693	1,098	1,908	1,835	2,112	1,945	2,086
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.22	1.39	1.31	1.16	1.23	1.15	0.94	0.96	0.97	1.27	1.20
Price to Tangible Book Value (P/TBV)	1.51	1.75	1.63	1.47	1.56	1.47	1.21	1.24	1.25	1.67	1.57
Price to Revenue (P/Rev)	3.15	3.52	3.41	2.90	3.00	2.74	2.12	2.14	2.16	2.75	2.74
Price to Earnings (P/E)	12.10	13.73	15.31	12.76	13.17	11.43	7.99	8.03	7.94	10.12	10.13
Dividend Yield	3.65%	3.29%	3.41%	4.03%	3.88%	4.13%	5.19%	5.03%	5.05%	4.00%	4.01%
Earnings Yield	8.27%	7.29%	6.53%	7.83%	7.59%	8.75%	12.52%	12.46%	12.60%	9.88%	9.87%
Enterprise Value to Invested Capital (EV/IC)	0.78	0.79	0.81	0.75	0.62	0.65	0.57	0.60	0.62	0.79	0.63
Enterprise Value to Revenue (EV/Rev)	4.17	4.24	4.67	4.42	3.63	3.77	3.01	3.09	3.11	3.90	3.13
Enterprise Value to EBITDA (EV/EBITDA)	11.78	12.18	15.28	14.25	11.68	11.64	8.44	8.59	8.44	10.15	7.63
Enterprise Value to EBIT (EV/EBIT)	12.27	12.62	15.61	14.62	12.03	12.02	8.71	8.86	8.80	11.03	8.83
Enterprise Value to NOPAT (EV/NOPAT)	14.93	15.35	19.16	17.71	14.41	14.33	10.43	10.74	10.75	13.49	10.91
Enterprise Value to Operating Cash Flow (EV/OCF)	16.25	11.59	9.12	12.02	7.64	8.00	7.09	5.45	5.74	9.08	7.51
Enterprise Value to Free Cash Flow (EV/FCFF)	7.01	6.67	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.08	1.13	1.22	1.36	1.42	1.42	1.34	1.33	1.24	1.28	1.17
Long-Term Debt to Equity	1.01	1.08	1.16	1.36	1.36	1.36	1.28	1.25	1.17	1.20	1.09
Financial Leverage	1.24	1.27	1.28	1.34	1.33	1.36	1.26	1.04	0.89	0.88	0.86
Leverage Ratio	10.40	10.62	10.67	10.93	11.23	11.54	11.61	11.33	11.22	10.98	10.80
Compound Leverage Factor	10.40	10.62	10.67	10.93	11.23	11.54	11.61	11.33	11.22	10.98	10.80
Debt to Total Capital	51.82%	53.10%	54.98%	57.54%	58.60%	58.72%	57.21%	56.99%	55.35%	56.17%	53.90%
Short-Term Debt to Total Capital	3.05%	2.65%	2.73%	0.00%	2.40%	2.44%	2.62%	3.34%	3.23%	3.51%	3.86%
Long-Term Debt to Total Capital	48.77%	50.46%	52.25%	57.54%	56.20%	56.27%	54.59%	53.65%	52.11%	52.66%	50.04%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.04%	0.04%	0.03%	0.03%	0.03%	0.03%	0.02%	0.02%	0.03%	0.04%	0.03%
Common Equity to Total Capital	48.14%	46.86%	44.98%	42.43%	41.38%	41.25%	42.76%	42.99%	44.63%	43.79%	46.06%
Debt to EBITDA	7.84	8.22	10.42	10.89	11.13	10.46	8.48	8.20	7.49	7.23	6.50
Net Debt to EBITDA	2.88	2.06	4.12	4.90	2.01	3.17	2.49	2.62	2.59	3.00	0.93
Long-Term Debt to EBITDA	7.38	7.81	9.91	10.89	10.67	10.03	8.09	7.72	7.05	6.77	6.04
Debt to NOPAT	9.94	10.36	13.07	13.54	13.73	12.88	10.48	10.25	9.54	9.60	9.31
Net Debt to NOPAT	3.65	2.59	5.16	6.09	2.48	3.90	3.07	3.28	3.30	3.98	1.33
Long-Term Debt to NOPAT	9.36	9.84	12.42	13.54	13.16	12.34	10.00	9.64	8.98	9.00	8.64
Noncontrolling Interest Sharing Ratio	0.07%	0.08%	0.06%	0.06%	0.06%	0.08%	0.06%	0.06%	0.07%	0.07%	0.07%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	8,407	9,363	-6,645	-7,865	-12,841	-18,470	-12,722	-29,558	-32,415	-16,467	-9,948
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	3.17	3.15	-1.95	-2.41	-3.97	-5.96	-4.57	-12.14	-15.63	-11.56	-15.14
Operating Cash Flow to Interest Expense	-0.19	0.61	0.96	0.32	0.54	1.57	0.04	1.34	0.90	2.84	5.17
Operating Cash Flow Less CapEx to Interest Expense	-0.19	0.61	0.96	0.32	0.54	1.57	0.04	1.34	0.90	2.84	5.17
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	117,173	116,142	123,798	124,072	124,081	123,878	115,648	114,730	109,896	104,525	101,356
Invested Capital Turnover	0.18	0.18	0.18	0.18	0.18	0.19	0.20	0.22	0.24	0.22	0.21
Increase / (Decrease) in Invested Capital	-6,908	-7,736	8,150	9,342	14,185	19,353	14,292	31,058	34,109	18,015	11,588
Enterprise Value (EV)	91,213	91,360	99,789	93,428	76,315	80,933	65,853	68,534	68,532	82,434	64,059
Market Capitalization	68,845	75,894	72,866	61,279	63,119	58,885	46,443	47,574	47,485	58,046	56,217
Book Value per Share	$142.53	$137.17	$140.10	$132.30	$128.35	$128.29	$124.18	$123.58	$122.71	$113.49	$113.84
Tangible Book Value per Share	$114.90	$109.61	$112.60	$104.82	$101.02	$100.85	$96.59	$96.05	$95.22	$86.25	$87.05
Total Capital	117,173	116,142	123,798	124,072	124,081	123,878	115,648	114,730	109,896	104,525	101,356
Total Debt	60,722	61,673	68,069	71,391	72,707	72,737	66,167	65,384	60,822	58,713	54,633
Total Long-Term Debt	57,150	58,601	64,688	71,391	69,734	69,711	63,135	61,553	57,272	55,039	50,718
Net Debt	22,322	15,422	26,883	32,110	13,162	22,012	19,383	20,934	21,017	24,350	7,807
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	60,722	61,673	68,069	71,391	72,707	72,737	66,167	65,384	60,822	58,713	54,633
Total Depreciation and Amortization (D&A)	90	164	21	37	37	43	49	60	65	64	58
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.52	$3.77	$3.50	$3.39	$3.10	$1.86	$3.60	$3.36	$3.98	$3.46	$3.78
Adjusted Weighted Average Basic Shares Outstanding	398M	399M	399M	400M	400M	401M	400M	401M	401M	412M	410M
Adjusted Diluted Earnings per Share	$3.51	$3.76	$3.49	$3.39	$3.10	$1.85	$3.60	$3.36	$3.98	$3.45	$3.78
Adjusted Weighted Average Diluted Shares Outstanding	398M	400M	400M	400M	400M	401M	400M	401M	402M	412M	410M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	395.57M	395.75M	396.78M	397.50M	397.91M	397.81M	398.34M	398.25M	399.11M	399.68M	403.32M
Normalized Net Operating Profit after Tax (NOPAT)	1,499	1,627	1,505	1,477	1,344	883	1,570	1,500	1,694	1,548	1,640
Normalized NOPAT Margin	27.49%	29.23%	27.71%	27.30%	26.12%	16.47%	30.00%	28.34%	30.23%	26.86%	29.55%
Pre Tax Income Margin	33.86%	34.22%	34.28%	33.62%	32.19%	19.68%	35.52%	33.53%	36.53%	32.64%	36.55%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.70	0.64	0.55	0.56	0.51	0.34	0.67	0.73	0.99	1.32	3.09
NOPAT to Interest Expense	0.56	0.55	0.44	0.45	0.42	0.28	0.56	0.62	0.82	1.09	2.50
EBIT Less CapEx to Interest Expense	0.70	0.64	0.55	0.56	0.51	0.34	0.67	0.73	0.99	1.32	3.09
NOPAT Less CapEx to Interest Expense	0.56	0.55	0.44	0.45	0.42	0.28	0.56	0.62	0.82	1.09	2.50
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	47.38%	48.53%	55.54%	54.85%	54.90%	50.97%	45.44%	44.30%	43.76%	44.04%	43.67%
Augmented Payout Ratio	59.27%	60.07%	65.48%	62.42%	62.73%	62.49%	65.27%	79.44%	89.40%	105.07%	106.97%

Frequently Asked Questions About The PNC Financial Services Group's Financials

When does The PNC Financial Services Group's fiscal year end?

According to the most recent income statement we have on file, The PNC Financial Services Group's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has The PNC Financial Services Group's net income changed over the last 9 years?

The PNC Financial Services Group's net income appears to be on an upward trend, with a most recent value of $5.95 billion in 2024, rising from $4.14 billion in 2015. The previous period was $5.65 billion in 2023. Check out The PNC Financial Services Group's forecast to explore projected trends and price targets.

How has The PNC Financial Services Group revenue changed over the last 9 years?

Over the last 9 years, The PNC Financial Services Group's total revenue changed from $15.23 billion in 2015 to $21.56 billion in 2024, a change of 41.6%.

How much debt does The PNC Financial Services Group have?

The PNC Financial Services Group's total liabilities were at $505.57 billion at the end of 2024, a 1.0% decrease from 2023, and a 61.8% increase since 2015.

How much cash does The PNC Financial Services Group have?

In the past 9 years, The PNC Financial Services Group's cash and equivalents has ranged from $4.07 billion in 2015 to $8.00 billion in 2021, and is currently $6.90 billion as of their latest financial filing in 2024.

How has The PNC Financial Services Group's book value per share changed over the last 9 years?

Over the last 9 years, The PNC Financial Services Group's book value per share changed from 88.05 in 2015 to 137.17 in 2024, a change of 55.8%.

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This page (NYSE:PNC) was last updated on 5/21/2025 by MarketBeat.com Staff

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The PNC Financial Services Group (PNC) Financials

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The PNC Financial Services Group (PNC) Financials

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