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The PNC Financial Services Group (PNC) Financials

The PNC Financial Services Group logo
$213.17 -0.28 (-0.13%)
Closing price 05/15/2026 03:59 PM Eastern
Extended Trading
$211.85 -1.32 (-0.62%)
As of 05/15/2026 07:56 PM Eastern
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Annual Income Statements for The PNC Financial Services Group

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 3,881 3,688 5,076 5,061 5,129 7,284 5,436 5,735 5,153 5,529 6,619
Consolidated Net Income / (Loss)		 4,143 3,985 5,388 5,346 5,418 7,558 5,725 6,113 5,647 5,953 6,997
Net Income / (Loss) Continuing Operations		 4,143 3,985 5,388 4,558 4,591 3,003 5,725 6,113 5,647 5,953 6,997
Total Pre-Tax Income 		5,507 5,253 5,490 5,486 5,492 3,429 6,988 7,473 6,736 7,242 8,486
Total Revenue		 15,225 15,162 16,329 16,190 16,839 16,901 19,211 21,120 21,490 21,555 23,099
Net Interest Income / (Expense)		 8,278 8,391 9,108 9,721 9,965 9,946 10,647 13,014 13,916 13,499 14,410
Total Interest Income		 9,323 9,652 10,814 12,582 13,762 11,307 11,134 15,436 24,308 26,384 25,307
Loans and Leases Interest Income		 7,203 7,414 8,238 9,580 10,525 8,927 9,007 11,795 18,299 19,346 18,472
Investment Securities Interest Income		 1,679 1,826 1,998 2,261 2,426 2,041 1,834 2,726 3,545 4,123 4,674
Other Interest Income		 441 412 578 741 811 339 293 915 2,464 2,915 2,161
Total Interest Expense		 1,045 1,261 1,706 2,861 3,797 1,361 487 2,422 10,392 12,885 10,897
Deposits Interest Expense		 403 430 623 1,229 1,986 643 126 1,267 6,609 8,401 7,497
Long-Term Debt Interest Expense		 642 831 1,083 1,632 1,811 718 361 1,155 3,783 4,484 3,400
Total Non-Interest Income		 6,947 6,771 7,221 6,469 6,874 6,955 8,564 8,106 7,574 8,056 8,689
Other Non-Interest Income		 2,057 6,771 - 6,469 6,874 6,955 - 8,106 7,574 8,056 8,689
Provision for Credit Losses		 255 433 441 408 773 3,175 -779 477 742 789 779
Total Non-Interest Expense		 9,463 9,476 10,398 10,296 10,574 10,297 13,002 13,170 14,012 13,524 13,834
Salaries and Employee Benefits		 4,831 4,873 5,268 5,471 5,647 5,673 7,141 7,244 7,428 7,302 7,782
Net Occupancy & Equipment Expense		 1,767 1,835 1,933 1,921 2,044 2,002 2,351 2,387 2,393 2,481 2,568
Marketing Expense		 249 247 244 285 301 236 319 355 350 362 378
Other Operating Expenses		 2,616 2,521 2,953 2,619 2,582 2,386 3,191 3,184 3,841 3,379 3,106
Income Tax Expense		 1,364 1,268 102 928 901 426 1,263 1,360 1,089 1,289 1,489
Preferred Stock Dividends Declared		 225 215 262 240 240 233 238 301 417 352 308
Net Income / (Loss) Attributable to Noncontrolling Interest		 37 82 50 45 49 41 51 72 69 64 61
Basic Earnings per Share		 $7.52 $7.42 $10.49 $10.79 $11.43 $16.99 $12.71 $13.86 $12.80 $13.76 $16.60
Weighted Average Basic Shares Outstanding		 514M 494M 481M 467M 447M 427M 426M 412M 401M 399M 396M
Diluted Earnings per Share		 $7.39 $7.30 $10.36 $10.71 $11.39 $16.96 $12.70 $13.85 $12.79 $13.74 $16.59
Weighted Average Diluted Shares Outstanding		 521M 500M 486M 470M 448M 427M 426M 412M 401M 400M 396M
Weighted Average Basic & Diluted Shares Outstanding		 516.10M 497M 483.90M 453.61M 428.73M 424.02M 418.45M 399.68M 397.81M 395.75M 403.37M
Cash Dividends to Common per Share		 $2.01 $2.12 $2.60 - - - $4.80 $5.75 $6.10 $6.30 $6.60

Quarterly Income Statements for The PNC Financial Services Group

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 1,448 744 1,247 1,362 1,406 1,514 1,408 1,542 1,735 1,934 1,686
Consolidated Net Income / (Loss)		 1,570 883 1,344 1,477 1,505 1,627 1,499 1,643 1,822 2,033 1,772
Net Income / (Loss) Continuing Operations		 1,570 883 1,344 1,477 1,505 1,627 1,499 1,643 1,822 2,033 1,772
Total Pre-Tax Income 		1,859 1,055 1,656 1,819 1,862 1,905 1,846 2,024 2,287 2,329 2,187
Total Revenue		 5,233 5,361 5,145 5,411 5,432 5,567 5,452 5,661 5,915 6,071 6,165
Net Interest Income / (Expense)		 3,418 3,403 3,264 3,302 3,410 3,523 3,476 3,555 3,648 3,731 3,961
Total Interest Income		 6,203 6,502 6,500 6,568 6,822 6,494 6,130 6,270 6,527 6,380 6,444
Loans and Leases Interest Income		 4,643 4,875 4,819 4,842 4,954 4,731 4,472 4,609 4,751 4,640 4,792
Investment Securities Interest Income		 892 885 883 1,001 1,097 1,142 1,124 1,151 1,211 1,188 1,202
Other Interest Income		 668 742 798 725 771 621 534 510 565 552 450
Total Interest Expense		 2,785 3,099 3,236 3,266 3,412 2,971 2,654 2,715 2,879 2,649 2,483
Deposits Interest Expense		 1,792 1,995 2,077 2,084 2,230 2,010 1,808 1,845 1,980 1,864 1,735
Long-Term Debt Interest Expense		 993 1,104 1,159 1,182 1,182 961 846 870 899 785 748
Total Non-Interest Income		 1,815 1,958 1,881 2,109 2,022 2,044 1,976 2,106 2,267 2,340 2,204
Other Non-Interest Income		 - - 1,881 2,109 2,022 - 1,976 2,106 2,267 2,340 2,204
Provision for Credit Losses		 129 232 155 235 243 156 219 254 167 139 210
Total Non-Interest Expense		 3,245 4,074 3,334 3,357 3,327 3,506 3,387 3,383 3,461 3,603 3,768
Salaries and Employee Benefits		 1,773 1,983 1,794 1,782 1,869 1,857 1,890 1,889 1,970 2,033 2,106
Net Occupancy & Equipment Expense		 591 608 585 592 591 713 629 629 651 659 677
Marketing Expense		 93 74 64 93 93 112 85 99 93 101 87
Other Operating Expenses		 788 1,409 891 890 774 824 783 766 747 810 898
Income Tax Expense		 289 172 312 342 357 278 347 381 465 296 415
Preferred Stock Dividends Declared		 106 112 81 95 82 88 71 83 71 83 73
Net Income / (Loss) Attributable to Noncontrolling Interest		 16 19 14 18 15 17 18 16 14 13 12
Basic Earnings per Share		 $3.60 $1.86 $3.10 $3.39 $3.50 $3.77 $3.52 $3.86 $4.36 $4.86 $4.13
Weighted Average Basic Shares Outstanding		 400M 401M 400M 400M 399M 399M 398M 397M 396M 396M 405M
Diluted Earnings per Share		 $3.60 $1.85 $3.10 $3.39 $3.49 $3.76 $3.51 $3.85 $4.35 $4.88 $4.13
Weighted Average Diluted Shares Outstanding		 400M 401M 400M 400M 400M 400M 398M 397M 396M 396M 405M
Weighted Average Basic & Diluted Shares Outstanding		 398.34M 397.81M 397.91M 397.50M 396.78M 395.75M 395.57M 393.81M 392.16M 403.37M 401.56M
Cash Dividends to Common per Share		 $1.55 - $1.55 $1.55 - - $1.60 $1.60 - - $1.70

Annual Cash Flow Statements for The PNC Financial Services Group

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 28,563 814 370 95 -547 1,956 987 -47,891 16,362 -4,474 -6,538
Net Cash From Operating Activities		 5,442 3,500 5,579 7,840 7,363 4,659 7,214 9,083 10,111 7,880 4,384
Net Cash From Continuing Operating Activities		 5,442 3,500 5,579 7,840 7,363 4,659 7,214 9,083 10,111 7,880 4,384
Net Income / (Loss) Continuing Operations		 4,143 3,985 5,388 5,346 5,418 7,558 5,725 6,113 5,647 5,953 6,997
Consolidated Net Income / (Loss)		 4,143 3,985 5,388 5,346 5,418 7,558 5,725 6,113 5,647 5,953 6,997
Provision For Loan Losses		 - 433 441 408 773 3,175 -779 477 742 789 779
Depreciation Expense		 1,088 1,193 1,117 1,129 1,315 1,497 1,773 651 217 259 381
Non-Cash Adjustments to Reconcile Net Income		 274 18 -807 -220 417 -7,659 263 -185 48 -130 461
Changes in Operating Assets and Liabilities, net		 -63 -2,129 -560 1,177 -560 88 232 2,027 3,457 1,009 -4,234
Net Cash From Investing Activities		 7,356 -7,307 -14,895 -3,969 -24,990 -51,122 -2,795 -60,358 10,105 -3,232 -15,617
Net Cash From Continuing Investing Activities		 7,356 -7,307 -14,895 -3,969 -24,990 -51,122 -2,795 -60,358 10,105 -3,232 -15,617
Purchase of Investment Securities		 -5,117 -27,056 -35,980 -34,813 -42,185 -48,655 -61,765 -87,859 -5,402 -28,970 -41,766
Sale and/or Maturity of Investments		 11,992 19,623 21,330 38,365 12,221 -18,430 58,994 28,219 14,934 26,125 25,701
Net Increase in Fed Funds Sold		 481 126 -245 -5,837 4,899 1,738 -24 -718 573 -387 448
Net Cash From Financing Activities		 10,440 4,621 9,686 -3,512 17,080 48,419 -3,432 3,384 -3,854 -9,122 4,695
Net Cash From Continuing Financing Activities		 15,765 4,621 9,686 -3,512 17,080 48,419 -3,432 3,384 -3,854 -9,122 4,695
Net Change in Deposits		 16,577 8,579 7,991 2,674 20,716 76,798 6,377 -20,969 -14,852 5,304 14,126
Issuance of Debt		 9,890 6,385 18,621 15,501 25,366 3,623 1,736 36,610 16,464 8,655 10,553
Issuance of Preferred Equity		 0.00 519 0.00 0.00 0.00 0.00 1,484 2,225 1,484 0.00 0.00
Issuance of Common Equity		 139 151 132 69 90 65 66 68 72 69 70
Repayment of Debt		 -6,393 -7,864 -12,388 -17,934 -28,774 -22,540 -10,503 -7,421 -3,676 -19,000 -15,850
Repurchase of Common Equity		 -2,152 -2,062 -2,447 -2,877 -3,578 -1,624 -1,079 -3,731 -651 -687 -1,338
Payment of Dividends		 -1,257 -1,270 -1,502 -1,837 -2,131 -2,209 -2,289 -2,692 -2,878 -2,889 -2,943
Other Financing Activities, Net		 -1,039 183 -721 892 5,391 -5,694 776 -706 183 -574 77
Cash Interest Paid		 1,005 1,317 1,743 2,835 3,742 1,292 582 2,172 9,451 13,052 11,154

Quarterly Cash Flow Statements for The PNC Financial Services Group

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 2,334 3,941 8,820 -10,456 1,905 5,065 -7,851 -8,006 8,477 842 -8,014
Net Cash From Operating Activities		 115 4,864 1,758 1,035 3,287 1,800 -509 1,480 2,656 757 1,928
Net Cash From Continuing Operating Activities		 115 4,864 1,758 1,035 3,287 1,800 -509 1,480 2,656 757 1,928
Net Income / (Loss) Continuing Operations		 1,570 883 1,344 1,477 1,505 1,627 1,499 1,643 1,822 2,033 1,772
Consolidated Net Income / (Loss)		 1,570 883 1,344 1,477 1,505 1,627 1,499 1,643 1,822 2,033 1,772
Provision For Loan Losses		 129 232 155 235 243 156 219 254 167 139 210
Depreciation Expense		 49 43 37 37 21 164 90 82 101 108 66
Non-Cash Adjustments to Reconcile Net Income		 -243 228 -87 -166 205 -82 144 128 84 105 6.00
Changes in Operating Assets and Liabilities, net		 -1,390 3,478 309 -548 1,313 -65 -2,461 -627 482 -1,628 -126
Net Cash From Investing Activities		 4,913 -2,345 3,443 -220 -3,782 7,135 -980 -11,708 -820 -2,109 -10,586
Net Cash From Continuing Investing Activities		 4,913 -2,345 3,443 -220 -3,782 7,135 -980 -11,708 -820 -2,109 -10,586
Purchase of Investment Securities		 94 -5,600 -434 -7,862 -9,932 -1,946 -7,070 -17,289 -6,018 -11,389 -23,519
Sale and/or Maturity of Investments		 4,631 3,099 3,881 7,471 6,923 8,862 6,535 5,324 5,867 7,975 12,673
Net Increase in Fed Funds Sold		 188 156 -4.00 171 -773 219 -445 257 -669 1,305 260
Net Cash From Financing Activities		 -2,694 1,422 3,619 -11,271 2,400 -3,870 -6,362 2,222 6,641 2,194 644
Net Cash From Continuing Financing Activities		 -2,694 1,422 3,619 -11,271 2,400 -3,870 -6,362 2,222 6,641 2,194 644
Net Change in Deposits		 -3,866 -2,170 4,170 -9,209 7,646 2,697 -3,823 3,782 6,051 8,116 -6,292
Issuance of Debt		 1,755 7,259 1,535 1,651 2,493 6,245 3,161 5,495 3,963 -1,647 11,349
Issuance of Common Equity		 26 10 24 9.00 27 9.00 25 9.00 27 9.00 26
Repayment of Debt		 -140 -2,216 -1,196 -3,037 -7,157 -10,879 -4,750 -5,970 -2,449 -3,100 -3,000
Repurchase of Common Equity		 -11 -52 -223 -113 -130 -221 -262 -336 -334 -406 -796
Payment of Dividends		 -728 -742 -705 -718 -728 -738 -710 -725 -749 -759 -769
Other Financing Activities, Net		 270 -667 14 146 249 -983 -3.00 -33 132 -19 126
Cash Interest Paid		 3,687 3,178 2,861 3,453 3,272 3,466 2,706 2,805 2,801 2,842 2,515

Annual Balance Sheets for The PNC Financial Services Group

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 358,493 366,380 380,768 382,315 410,295 466,679 557,191 557,263 561,580 560,038 573,572
Cash and Due from Banks		 4,065 4,879 5,249 5,608 5,061 7,017 8,004 7,043 6,921 6,904 6,777
Interest Bearing Deposits at Other Banks		 30,546 25,711 28,595 10,893 23,413 85,173 74,250 27,320 43,804 39,347 32,936
Trading Account Securities		 72,068 78,451 78,786 83,695 87,907 90,396 3,657 96,185 91,518 78,543 72,044
Loans and Leases, Net of Allowance		 203,969 208,244 217,847 223,616 237,101 236,567 283,504 321,284 316,717 311,981 327,071
Loans and Leases		 206,696 210,833 220,458 226,245 239,843 241,928 288,372 326,025 321,508 316,467 331,481
Allowance for Loan and Lease Losses		 2,727 2,589 2,611 2,629 2,742 5,361 4,868 4,741 4,791 4,486 4,410
Goodwill		 9,103 9,103 9,173 9,218 9,233 9,233 10,916 10,987 10,932 10,932 10,959
Other Assets		 38,742 39,992 41,118 49,285 47,580 38,293 176,860 94,444 91,688 112,331 123,785
Total Liabilities & Shareholders' Equity		 358,493 366,380 380,768 382,315 410,295 466,679 557,191 557,263 561,580 560,038 573,572
Total Liabilities		 312,513 319,526 333,183 334,545 360,952 412,638 501,465 511,451 510,439 505,569 512,936
Non-Interest Bearing Deposits		 79,435 80,230 79,864 73,960 72,779 112,637 155,175 124,486 101,285 92,641 91,748
Interest Bearing Deposits		 169,567 176,934 185,189 193,879 215,761 252,708 302,103 311,796 320,133 334,097 349,118
Short-Term Debt		 4,570 4,176 4,789 - - 3,021 - 3,674 3,026 3,072 2,443
Long-Term Debt		 49,962 48,530 54,299 57,419 60,263 34,174 30,784 55,039 69,711 58,601 54,658
Other Long-Term Liabilities		 8,979 9,656 9,042 9,287 12,149 10,098 13,403 15,762 15,621 16,439 14,151
Total Equity & Noncontrolling Interests		 45,980 46,854 47,585 47,770 49,343 54,041 55,726 45,812 51,141 54,469 60,636
Total Preferred & Common Equity		 44,710 45,699 47,513 47,728 49,314 54,010 55,695 45,774 51,105 54,425 60,585
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		 44,710 45,699 47,513 47,728 49,314 54,010 55,695 45,774 51,105 54,425 60,585
Common Stock		 18,905 19,360 19,084 18,988 19,081 18,597 20,170 21,090 21,736 21,427 21,639
Retained Earnings		 29,043 31,670 35,481 38,919 42,215 46,848 50,228 53,572 56,290 59,282 63,266
Treasury Stock		 -3,368 -5,066 -6,904 -9,454 -12,781 -14,205 -15,112 -18,716 -19,209 -19,719 -20,912
Accumulated Other Comprehensive Income / (Loss)		 130 -265 -148 -725 799 2,770 409 -10,172 -7,712 -6,565 -3,408
Noncontrolling Interest		 1,270 1,155 72 42 29 31 31 38 36 44 51

Quarterly Balance Sheets for The PNC Financial Services Group

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 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 558,207 557,334 561,580 566,162 556,519 564,881 560,038 554,722 559,107 568,767 603,028
Cash and Due from Banks		 6,191 5,300 6,921 5,933 6,242 6,162 6,904 6,102 5,939 5,553 5,646
Interest Bearing Deposits at Other Banks		 38,259 41,484 43,804 53,612 33,039 35,024 39,347 32,298 24,455 33,318 26,053
Trading Account Securities		 94,709 92,720 91,518 88,923 88,445 84,595 78,543 75,693 77,049 74,330 73,372
Loans and Leases, Net of Allowance		 317,024 313,649 316,717 315,088 316,793 316,792 311,981 314,306 321,817 322,138 356,260
Loans and Leases		 321,761 318,416 321,508 319,781 321,429 321,381 316,467 318,850 326,340 326,616 360,923
Allowance for Loan and Lease Losses		 4,737 4,767 4,791 4,693 4,636 4,589 4,486 4,544 4,523 4,478 4,663
Goodwill		 10,987 10,987 10,932 10,932 10,932 10,932 10,932 10,932 10,932 10,962 13,282
Other Assets		 91,037 93,194 91,688 91,674 101,068 111,376 112,331 115,391 118,915 122,466 128,415
Total Liabilities & Shareholders' Equity		 558,207 557,334 561,580 566,162 556,519 564,881 560,038 554,722 559,107 568,767 603,028
Total Liabilities		 508,861 507,853 510,439 514,788 503,838 509,152 505,569 498,271 501,452 509,729 539,352
Non-Interest Bearing Deposits		 110,527 105,672 101,285 98,061 94,542 94,588 92,641 92,369 93,253 91,207 99,297
Interest Bearing Deposits		 316,962 317,937 320,133 327,563 321,849 329,378 334,097 330,546 333,443 341,542 358,351
Short-Term Debt		 3,831 3,032 3,026 2,973 - 3,381 3,072 3,572 3,184 4,037 2,726
Long-Term Debt		 61,553 63,135 69,711 69,734 71,391 64,688 58,601 57,150 57,240 58,307 63,940
Other Long-Term Liabilities		 15,988 17,437 15,621 15,785 16,056 16,392 16,439 13,960 13,573 13,861 14,206
Total Equity & Noncontrolling Interests		 49,346 49,481 51,141 51,374 52,681 55,729 54,469 56,451 57,655 59,038 63,676
Total Preferred & Common Equity		 49,320 49,454 51,105 51,340 52,642 55,689 54,425 56,405 57,607 58,990 63,627
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		 49,320 49,454 51,105 51,340 52,642 55,689 54,425 56,405 57,607 58,990 63,627
Common Stock		 22,649 22,686 21,736 21,748 21,814 21,866 21,427 21,448 21,526 21,576 24,712
Retained Earnings		 55,346 56,170 56,290 56,913 57,652 58,412 59,282 60,051 60,951 62,008 64,256
Treasury Stock		 -19,150 -19,141 -19,209 -19,279 -19,378 -19,499 -19,719 -19,857 -20,188 -20,517 -21,568
Accumulated Other Comprehensive Income / (Loss)		 -9,525 -10,261 -7,712 -8,042 -7,446 -5,090 -6,565 -5,237 -4,682 -4,077 -3,773
Noncontrolling Interest		 26 27 36 34 39 40 44 46 48 48 49

Annual Metrics And Ratios for The PNC Financial Services Group

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $7.52 $7.42 $10.49 $10.79 $11.43 $16.99 $12.71 $13.86 $12.80 $13.76 $16.60
Adjusted Weighted Average Basic Shares Outstanding		 514M 494M 481M 467M 447M 427M 426M 412M 401M 399M 396M
Adjusted Diluted Earnings per Share		 $7.39 $7.30 $10.36 $10.71 $11.39 $16.96 $12.70 $13.85 $12.79 $13.74 $16.59
Adjusted Weighted Average Diluted Shares Outstanding		 521M 500M 486M 470M 448M 427M 426M 412M 401M 400M 396M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $11.43 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 501.11M 486.16M 471.59M 453.61M 428.73M 424.02M 418.45M 399.68M 397.81M 395.75M 403.37M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for The PNC Financial Services Group

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 403,370,923.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 403,370,923.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 4.39
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -5.69% -6.98% -8.17% 2.23% 3.80% 3.84% 5.97% 4.62% 8.89% - 13.08%
EBITDA Growth		 -8.53% -43.55% -19.84% 1.14% -1.31% 88.43% 14.35% 13.47% 26.82% - 16.37%
EBIT Growth		 -8.33% -43.91% -19.10% 2.48% 0.16% 80.57% 11.47% 11.27% 22.82% - 18.47%
NOPAT Growth		 -4.27% -42.96% -20.66% -1.53% -4.14% 84.26% 11.53% 11.24% 21.06% - 18.21%
Net Income Growth		 -4.27% -42.96% -20.66% -1.53% -4.14% 84.26% 11.53% 11.24% 21.06% - 18.21%
EPS Growth		 -4.76% -46.38% -22.11% 0.89% -3.06% 103.24% 13.23% 13.57% 24.64% - 17.66%
Operating Cash Flow Growth		 -96.61% 20.22% -6.29% -68.21% 2,758.26% -62.99% -128.95% 43.00% -19.20% - 478.78%
Free Cash Flow Firm Growth		 -27.89% -12.16% 60.39% 73.39% 47.77% 150.69% 165.47% 197.09% 163.78% - -235.57%
Invested Capital Growth		 14.10% 18.52% 12.91% 8.14% 7.05% -6.24% -5.57% -4.83% -1.95% - 11.24%
Revenue Q/Q Growth		 -1.13% 2.45% -4.03% 5.17% 0.39% 2.49% -2.07% 3.83% 4.49% - 1.55%
EBITDA Q/Q Growth		 3.98% -42.45% 54.19% 9.63% 1.45% 9.88% -6.43% 8.78% 13.39% - -7.55%
EBIT Q/Q Growth		 4.73% -43.25% 56.97% 9.84% 2.36% 2.31% -3.10% 9.64% 12.99% - -6.10%
NOPAT Q/Q Growth		 4.67% -43.76% 52.21% 9.90% 1.90% 8.11% -7.87% 9.61% 10.89% - -12.84%
Net Income Q/Q Growth		 4.67% -43.76% 52.21% 9.90% 1.90% 8.11% -7.87% 9.61% 10.89% - -12.84%
EPS Q/Q Growth		 7.14% -48.61% 67.57% 9.35% 2.95% 7.74% -6.65% 9.69% 12.99% - -15.37%
Operating Cash Flow Q/Q Growth		 -96.47% 4,129.57% -63.86% -41.13% 217.58% -45.24% -128.28% 390.77% 79.46% - 154.69%
Free Cash Flow Firm Q/Q Growth		 56.96% -45.18% 30.48% 38.75% 15.51% 240.90% -10.21% -9.17% -44.50% - -2,702.05%
Invested Capital Q/Q Growth		 0.80% 7.12% 0.16% -0.01% -0.22% -6.18% 0.89% 0.77% 2.80% - 10.71%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 36.46% 20.48% 32.91% 34.30% 34.66% 37.17% 35.51% 37.20% 40.37% - 36.55%
EBIT Margin		 35.52% 19.68% 32.19% 33.62% 34.28% 34.22% 33.86% 35.75% 38.66% - 35.47%
Profit (Net Income) Margin		 30.00% 16.47% 26.12% 27.30% 27.71% 29.23% 27.49% 29.02% 30.80% - 28.74%
Tax Burden Percent		 84.45% 83.70% 81.16% 81.20% 80.83% 85.41% 81.20% 81.18% 79.67% - 81.02%
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		 15.55% 16.30% 18.84% 18.80% 19.17% 14.59% 18.80% 18.82% 20.33% - 18.98%
Return on Invested Capital (ROIC)		 6.05% 3.10% 4.70% 4.84% 4.94% 5.25% 4.98% 5.30% 5.68% - 5.53%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.05% 3.10% 4.70% 4.84% 4.94% 5.25% 4.98% 5.30% 5.68% - 5.53%
Return on Net Nonoperating Assets (RNNOA)		 7.60% 4.20% 6.24% 6.48% 6.30% 6.68% 6.17% 6.33% 6.45% - 5.86%
Return on Equity (ROE)		 13.65% 7.30% 10.94% 11.32% 11.24% 11.93% 11.15% 11.63% 12.13% - 11.40%
Cash Return on Invested Capital (CROIC)		 -7.35% -12.00% -7.60% -3.41% -2.46% 11.41% 10.79% 10.13% 7.35% - -4.77%
Operating Return on Assets (OROA)		 1.39% 0.76% 1.20% 1.28% 1.30% 1.32% 1.32% 1.42% 1.54% - 1.46%
Return on Assets (ROA)		 1.18% 0.63% 0.97% 1.04% 1.05% 1.12% 1.07% 1.15% 1.23% - 1.18%
Return on Common Equity (ROCE)		 13.65% 7.30% 10.93% 11.31% 11.24% 11.92% 11.14% 11.62% 12.12% - 11.39%
Return on Equity Simple (ROE_SIMPLE)		 12.76% 0.00% 10.32% 10.02% 9.35% 0.00% 10.83% 10.89% 11.17% - 11.43%
Net Operating Profit after Tax (NOPAT)		 1,570 883 1,344 1,477 1,505 1,627 1,499 1,643 1,822 - 1,772
NOPAT Margin		 30.00% 16.47% 26.12% 27.30% 27.71% 29.23% 27.49% 29.02% 30.80% - 28.74%
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%
SG&A Expenses to Revenue		 46.95% 49.71% 47.48% 45.59% 47.00% 48.18% 47.76% 46.23% 45.88% - 46.55%
Operating Expenses to Revenue		 62.01% 75.99% 64.80% 62.04% 61.25% 62.98% 62.12% 59.76% 58.51% - 61.12%
Earnings before Interest and Taxes (EBIT)		 1,859 1,055 1,656 1,819 1,862 1,905 1,846 2,024 2,287 - 2,187
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,908 1,098 1,693 1,856 1,883 2,069 1,936 2,106 2,388 - 2,253
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.94 1.15 1.23 1.16 1.31 1.39 1.22 1.27 1.33 - 1.31
Price to Tangible Book Value (P/TBV)		 1.21 1.47 1.56 1.47 1.63 1.75 1.51 1.57 1.63 - 1.65
Price to Revenue (P/Rev)		 2.12 2.74 3.00 2.90 3.41 3.52 3.15 3.31 3.47 - 3.50
Price to Earnings (P/E)		 7.99 11.43 13.17 12.76 15.31 13.73 12.10 12.45 12.65 - 12.08
Dividend Yield		 5.19% 4.13% 3.88% 4.03% 3.41% 3.29% 3.65% 3.46% 3.26% - 3.24%
Earnings Yield		 12.52% 8.75% 7.59% 7.83% 6.53% 7.29% 8.27% 8.03% 7.91% - 8.28%
Enterprise Value to Invested Capital (EV/IC)		 0.57 0.65 0.62 0.75 0.81 0.79 0.78 0.87 0.84 - 0.91
Enterprise Value to Revenue (EV/Rev)		 3.01 3.77 3.63 4.42 4.67 4.24 4.17 4.67 4.51 - 4.97
Enterprise Value to EBITDA (EV/EBITDA)		 8.44 11.64 11.68 14.25 15.28 12.18 11.78 12.91 11.99 - 12.88
Enterprise Value to EBIT (EV/EBIT)		 8.71 12.02 12.03 14.62 15.61 12.62 12.27 13.51 12.64 - 13.40
Enterprise Value to NOPAT (EV/NOPAT)		 10.43 14.33 14.41 17.71 19.16 15.35 14.93 16.45 15.46 - 16.27
Enterprise Value to Operating Cash Flow (EV/OCF)		 7.09 8.00 7.64 12.02 9.12 11.59 16.25 17.03 18.78 - 17.35
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 6.67 7.01 8.41 11.32 - 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.34 1.42 1.42 1.36 1.22 1.13 1.08 1.05 1.06 - 1.05
Long-Term Debt to Equity		 1.28 1.36 1.36 1.36 1.16 1.08 1.01 0.99 0.99 - 1.00
Financial Leverage		 1.26 1.36 1.33 1.34 1.28 1.27 1.24 1.19 1.14 - 1.06
Leverage Ratio		 11.61 11.54 11.23 10.93 10.67 10.62 10.40 10.11 9.88 - 9.64
Compound Leverage Factor		 11.61 11.54 11.23 10.93 10.67 10.62 10.40 10.11 9.88 - 9.64
Debt to Total Capital		 57.21% 58.72% 58.60% 57.54% 54.98% 53.10% 51.82% 51.17% 51.36% - 51.15%
Short-Term Debt to Total Capital		 2.62% 2.44% 2.40% 0.00% 2.73% 2.65% 3.05% 2.70% 3.33% - 2.09%
Long-Term Debt to Total Capital		 54.59% 56.27% 56.20% 57.54% 52.25% 50.46% 48.77% 48.48% 48.04% - 49.06%
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		 0.02% 0.03% 0.03% 0.03% 0.03% 0.04% 0.04% 0.04% 0.04% - 0.04%
Common Equity to Total Capital		 42.76% 41.25% 41.38% 42.43% 44.98% 46.86% 48.14% 48.79% 48.60% - 48.82%
Debt to EBITDA		 8.48 10.46 11.13 10.89 10.42 8.22 7.84 7.56 7.34 - 7.26
Net Debt to EBITDA		 2.49 3.17 2.01 4.90 4.12 2.06 2.88 3.76 2.76 - 3.81
Long-Term Debt to EBITDA		 8.09 10.03 10.67 10.89 9.91 7.81 7.38 7.16 6.86 - 6.96
Debt to NOPAT		 10.48 12.88 13.73 13.54 13.07 10.36 9.94 9.63 9.46 - 9.17
Net Debt to NOPAT		 3.07 3.90 2.48 6.09 5.16 2.59 3.65 4.79 3.56 - 4.81
Long-Term Debt to NOPAT		 10.00 12.34 13.16 13.54 12.42 9.84 9.36 9.12 8.85 - 8.80
Noncontrolling Interest Sharing Ratio		 0.06% 0.08% 0.06% 0.06% 0.06% 0.08% 0.07% 0.08% 0.08% - 0.08%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -12,722 -18,470 -12,841 -7,865 -6,645 9,363 8,407 7,636 4,238 - -11,397
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		 -4.57 -5.96 -3.97 -2.41 -1.95 3.15 3.17 2.81 1.47 - -4.59
Operating Cash Flow to Interest Expense		 0.04 1.57 0.54 0.32 0.96 0.61 -0.19 0.55 0.92 - 0.78
Operating Cash Flow Less CapEx to Interest Expense		 0.04 1.57 0.54 0.32 0.96 0.61 -0.19 0.55 0.92 - 0.78
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		 115,648 123,878 124,081 124,072 123,798 116,142 117,173 118,079 121,382 - 130,342
Invested Capital Turnover		 0.20 0.19 0.18 0.18 0.18 0.18 0.18 0.18 0.18 - 0.19
Increase / (Decrease) in Invested Capital		 14,292 19,353 14,185 9,342 8,150 -7,736 -6,908 -5,993 -2,416 - 13,169
Enterprise Value (EV)		 65,853 80,933 76,315 93,428 99,789 91,360 91,213 103,185 101,929 - 118,314
Market Capitalization		 46,443 58,885 63,119 61,279 72,866 75,894 68,845 73,107 78,408 - 83,298
Book Value per Share		 $124.18 $128.29 $128.35 $132.30 $140.10 $137.17 $142.53 $145.63 $149.79 - $157.74
Tangible Book Value per Share		 $96.59 $100.85 $101.02 $104.82 $112.60 $109.61 $114.90 $118.00 $121.96 - $124.81
Total Capital		 115,648 123,878 124,081 124,072 123,798 116,142 117,173 118,079 121,382 - 130,342
Total Debt		 66,167 72,737 72,707 71,391 68,069 61,673 60,722 60,424 62,344 - 66,666
Total Long-Term Debt		 63,135 69,711 69,734 71,391 64,688 58,601 57,150 57,240 58,307 - 63,940
Net Debt		 19,383 22,012 13,162 32,110 26,883 15,422 22,322 30,030 23,473 - 34,967
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 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Nonoperating Obligations (NNO)		 66,167 72,737 72,707 71,391 68,069 61,673 60,722 60,424 62,344 - 66,666
Total Depreciation and Amortization (D&A)		 49 43 37 37 21 164 90 82 101 - 66
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $3.60 $1.86 $3.10 $3.39 $3.50 $3.77 $3.52 $3.86 $4.36 $4.86 $4.13
Adjusted Weighted Average Basic Shares Outstanding		 400M 401M 400M 400M 399M 399M 398M 397M 396M 396M 405M
Adjusted Diluted Earnings per Share		 $3.60 $1.85 $3.10 $3.39 $3.49 $3.76 $3.51 $3.85 $4.35 $4.88 $4.13
Adjusted Weighted Average Diluted Shares Outstanding		 400M 401M 400M 400M 400M 400M 398M 397M 396M 396M 405M
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		 398.34M 397.81M 397.91M 397.50M 396.78M 395.75M 395.57M 393.81M 392.16M 403.37M 401.56M
Normalized Net Operating Profit after Tax (NOPAT)		 1,570 883 1,344 1,477 1,505 1,627 1,499 1,643 1,822 - 1,772
Normalized NOPAT Margin		 30.00% 16.47% 26.12% 27.30% 27.71% 29.23% 27.49% 29.02% 30.80% - 28.74%
Pre Tax Income Margin		 35.52% 19.68% 32.19% 33.62% 34.28% 34.22% 33.86% 35.75% 38.66% - 35.47%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.67 0.34 0.51 0.56 0.55 0.64 0.70 0.75 0.79 - 0.88
NOPAT to Interest Expense		 0.56 0.28 0.42 0.45 0.44 0.55 0.56 0.61 0.63 - 0.71
EBIT Less CapEx to Interest Expense		 0.67 0.34 0.51 0.56 0.55 0.64 0.70 0.75 0.79 - 0.88
NOPAT Less CapEx to Interest Expense		 0.56 0.28 0.42 0.45 0.44 0.55 0.56 0.61 0.63 - 0.71
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 45.44% 50.97% 54.90% 54.85% 55.54% 48.53% 47.38% 46.24% 44.33% - 41.29%
Augmented Payout Ratio		 65.27% 62.49% 62.73% 62.42% 65.48% 60.07% 59.27% 61.36% 61.83% - 67.04%

Financials Breakdown Chart

Key Financial Trends

Here are concise trend observations for The PNC Financial Services Group (NYSE: PNC) based on the latest four years of quarterly statements across income, cash flow and balance sheet data.

  • Net Interest Income rose steadily through 2025, reaching 3,731,000,000 USD in Q4 2025, up from 3,264,000,000 USD in Q1 2025 (and generally higher each successive quarter in 2025).
  • Total Revenue climbed in 2025, finishing Q4 2025 at 6,071,000,000 USD, versus 5,452,000,000 USD in Q1 2025, and 5,915,000,000 USD in Q3 2025.
  • Net Income attributable to Common Shareholders rose to 1,934,000,000 USD in Q4 2025, up from about 1,407,000,000 USD in Q1 2025 (and higher year-over-year in several quarters).
  • Diluted Earnings per Share advanced to 4.88 USD in Q4 2025, up from roughly 3.85 USD in the early 2025 quarters (Q1–Q2 2025).
  • Provision for Credit Losses fluctuated across 2025 (Q2 2025: 254,000,000 USD; Q3 2025: 167,000,000 USD; Q4 2025: 139,000,000 USD), indicating variable quarterly credit provisioning rather than a single trend.
  • Net cash from continuing operating activities turned positive in the second half of 2025 (Q3–Q4 2025) after weaker performance in Q1–Q2 2025, signaling improved operating cash flow resilience.
  • Total assets expanded in 2025, rising from the mid- to upper-560s billions (late 2024) to about 568.8 billion USD by Q3 2025, reflecting growth in the loan book and investments.
  • Early-year cash flow volatility remained evident, with negative net cash from operating activities in parts of 2025 (notably Q1–Q2 2025 before turning positive later in the year).
  • Investing cash outflows were meaningful in 2025 due to substantial purchases of investment securities (for example, large negative totals in quarterly cash flows from investing activities), contributing to cash outflows through investing activities in several quarters.
  • Mid-2025 credit provisioning and related balance sheet movements suggest episodic stress in loan-related credit risk management, requiring ongoing monitoring of credit quality and reserve adequacy.
05/16/26 05:28 PM ETAI Generated. May Contain Errors.

The PNC Financial Services Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, The PNC Financial Services Group's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

The PNC Financial Services Group's net income appears to be on an upward trend, with a most recent value of $7.00 billion in 2025, rising from $4.14 billion in 2015. The previous period was $5.95 billion in 2024. Check out The PNC Financial Services Group's forecast to explore projected trends and price targets.

Over the last 10 years, The PNC Financial Services Group's total revenue changed from $15.23 billion in 2015 to $23.10 billion in 2025, a change of 51.7%.

The PNC Financial Services Group's total liabilities were at $512.94 billion at the end of 2025, a 1.5% increase from 2024, and a 64.1% increase since 2015.

In the past 10 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 $6.78 billion as of their latest financial filing in 2025.


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Financial statements for NYSE:PNC last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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