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The PNC Financial Services Group (PNC) Financials

The PNC Financial Services Group logo
$255.29 +1.15 (+0.45%)
Closing price 08/5/2026 03:59 PM Eastern
Extended Trading
$257.38 +2.09 (+0.82%)
As of 04:26 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders
744 1,247 1,362 1,406 1,514 1,408 1,542 1,735 1,934 1,686 1,953
Consolidated Net Income / (Loss)
883 1,344 1,477 1,505 1,627 1,499 1,643 1,822 2,033 1,772 2,055
Net Income / (Loss) Continuing Operations
883 1,344 1,477 1,505 1,627 1,499 1,643 1,822 2,033 1,772 2,055
Total Pre-Tax Income
1,055 1,656 1,819 1,862 1,905 1,846 2,024 2,287 2,329 2,187 2,586
Total Revenue
5,361 5,145 5,411 5,432 5,567 5,452 5,661 5,915 6,071 6,165 6,875
Net Interest Income / (Expense)
3,403 3,264 3,302 3,410 3,523 3,476 3,555 3,648 3,731 3,961 4,107
Total Interest Income
6,502 6,500 6,568 6,822 6,494 6,130 6,270 6,527 6,380 6,444 6,694
Loans and Leases Interest Income
4,875 4,819 4,842 4,954 4,731 4,472 4,609 4,751 4,640 4,792 4,986
Investment Securities Interest Income
885 883 1,001 1,097 1,142 1,124 1,151 1,211 1,188 1,202 1,263
Other Interest Income
742 798 725 771 621 534 510 565 552 450 445
Total Interest Expense
3,099 3,236 3,266 3,412 2,971 2,654 2,715 2,879 2,649 2,483 2,587
Deposits Interest Expense
1,995 2,077 2,084 2,230 2,010 1,808 1,845 1,980 1,864 1,735 1,682
Long-Term Debt Interest Expense
1,104 1,159 1,182 1,182 961 846 870 899 785 748 905
Total Non-Interest Income
1,958 1,881 2,109 2,022 2,044 1,976 2,106 2,267 2,340 2,204 2,768
Provision for Credit Losses
232 155 235 243 156 219 254 167 139 210 191
Total Non-Interest Expense
4,074 3,334 3,357 3,327 3,506 3,387 3,383 3,461 3,603 3,768 4,098
Salaries and Employee Benefits
1,983 1,794 1,782 1,869 1,857 1,890 1,889 1,970 2,033 2,106 2,273
Net Occupancy & Equipment Expense
608 585 592 591 713 629 629 651 659 677 687
Marketing Expense
74 64 93 93 112 85 99 93 101 87 110
Other Operating Expenses
1,409 891 890 774 824 783 766 747 810 898 1,028
Income Tax Expense
172 312 342 357 278 347 381 465 296 415 531
Preferred Stock Dividends Declared
112 81 95 82 88 71 83 71 83 73 85
Net Income / (Loss) Attributable to Noncontrolling Interest
19 14 18 15 17 18 16 14 13 12 15
Basic Earnings per Share
$1.86 $3.10 $3.39 $3.50 $3.77 $3.52 $3.86 $4.36 $4.86 $4.13 $4.82
Weighted Average Basic Shares Outstanding
401M 400M 400M 399M 399M 398M 397M 396M 396M 405M 403M
Diluted Earnings per Share
$1.85 $3.10 $3.39 $3.49 $3.76 $3.51 $3.85 $4.35 $4.88 $4.13 $4.81
Weighted Average Diluted Shares Outstanding
401M 400M 400M 400M 400M 398M 397M 396M 396M 405M 403M
Weighted Average Basic & Diluted Shares Outstanding
397.81M 397.91M 397.50M 396.78M 395.75M 395.57M 393.81M 392.16M 403.37M 401.56M 398.94M

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Change in Cash & Equivalents
3,941 8,820 -10,456 1,905 5,065 -7,851 -8,006 8,477 842 -8,014 -2,954
Net Cash From Operating Activities
4,864 1,758 1,035 3,287 1,800 -509 1,480 2,656 757 1,928 2,147
Net Cash From Continuing Operating Activities
4,864 1,758 1,035 3,287 1,800 -509 1,480 2,656 757 1,928 2,147
Net Income / (Loss) Continuing Operations
883 1,344 1,477 1,505 1,627 1,499 1,643 1,822 2,033 1,772 2,055
Consolidated Net Income / (Loss)
883 1,344 1,477 1,505 1,627 1,499 1,643 1,822 2,033 1,772 2,055
Provision For Loan Losses
232 155 235 243 156 219 254 167 139 210 191
Depreciation Expense
43 37 37 21 164 90 82 101 108 66 107
Non-Cash Adjustments to Reconcile Net Income
228 -87 -166 205 -82 144 128 84 105 6.00 -6.00
Changes in Operating Assets and Liabilities, net
3,478 309 -548 1,313 -65 -2,461 -627 482 -1,628 -126 -200
Net Cash From Investing Activities
-2,345 3,443 -220 -3,782 7,135 -980 -11,708 -820 -2,109 -10,586 -15,060
Net Cash From Continuing Investing Activities
-2,345 3,443 -220 -3,782 7,135 -980 -11,708 -820 -2,109 -10,586 -15,060
Purchase of Investment Securities
-5,600 -434 -7,862 -9,932 -1,946 -7,070 -17,289 -6,018 -11,389 -23,519 -25,996
Sale and/or Maturity of Investments
3,099 3,881 7,471 6,923 8,862 6,535 5,324 5,867 7,975 12,673 10,695
Net Increase in Fed Funds Sold
156 -4.00 171 -773 219 -445 257 -669 1,305 260 241
Net Cash From Financing Activities
1,422 3,619 -11,271 2,400 -3,870 -6,362 2,222 6,641 2,194 644 9,959
Net Cash From Continuing Financing Activities
1,422 3,619 -11,271 2,400 -3,870 -6,362 2,222 6,641 2,194 644 9,959
Net Change in Deposits
-2,170 4,170 -9,209 7,646 2,697 -3,823 3,782 6,051 8,116 -6,292 -7,852
Issuance of Debt
7,259 1,535 1,651 2,493 6,245 3,161 5,495 3,963 -1,647 11,349 26,555
Issuance of Common Equity
10 24 9.00 27 9.00 25 9.00 27 9.00 26 8.00
Repayment of Debt
-2,216 -1,196 -3,037 -7,157 -10,879 -4,750 -5,970 -2,449 -3,100 -3,000 -7,321
Repurchase of Common Equity
-52 -223 -113 -130 -221 -262 -336 -334 -406 -796 -622
Payment of Dividends
-742 -705 -718 -728 -738 -710 -725 -749 -759 -769 -776
Other Financing Activities, Net
-667 14 146 249 -983 -3.00 -33 132 -19 126 -33
Cash Interest Paid
3,178 2,861 3,453 3,272 3,466 2,706 2,805 2,801 2,842 2,515 2,623

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 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 3/31/2026 6/30/2026
Total Assets
557,334 561,580 566,162 556,519 564,881 560,038 554,722 559,107 568,767 603,028 616,034
Cash and Due from Banks
5,300 6,921 5,933 6,242 6,162 6,904 6,102 5,939 5,553 5,646 5,951
Interest Bearing Deposits at Other Banks
41,484 43,804 53,612 33,039 35,024 39,347 32,298 24,455 33,318 26,053 22,794
Trading Account Securities
92,720 91,518 88,923 88,445 84,595 78,543 75,693 77,049 74,330 73,372 79,928
Loans and Leases, Net of Allowance
313,649 316,717 315,088 316,793 316,792 311,981 314,306 321,817 322,138 356,260 363,301
Loans and Leases
318,416 321,508 319,781 321,429 321,381 316,467 318,850 326,340 326,616 360,923 367,953
Allowance for Loan and Lease Losses
4,767 4,791 4,693 4,636 4,589 4,486 4,544 4,523 4,478 4,663 4,652
Goodwill
10,987 10,932 10,932 10,932 10,932 10,932 10,932 10,932 10,962 13,282 13,317
Other Assets
93,194 91,688 91,674 101,068 111,376 112,331 115,391 118,915 122,466 128,415 130,743
Total Liabilities & Shareholders' Equity
557,334 561,580 566,162 556,519 564,881 560,038 554,722 559,107 568,767 603,028 616,034
Total Liabilities
507,853 510,439 514,788 503,838 509,152 505,569 498,271 501,452 509,729 539,352 551,973
Non-Interest Bearing Deposits
105,672 101,285 98,061 94,542 94,588 92,641 92,369 93,253 91,207 99,297 99,356
Interest Bearing Deposits
317,937 320,133 327,563 321,849 329,378 334,097 330,546 333,443 341,542 358,351 350,436
Short-Term Debt
3,032 3,026 2,973 - 3,381 3,072 3,572 3,184 4,037 2,726 2,767
Long-Term Debt
63,135 69,711 69,734 71,391 64,688 58,601 57,150 57,240 58,307 63,940 82,956
Other Long-Term Liabilities
17,437 15,621 15,785 16,056 16,392 16,439 13,960 13,573 13,861 14,206 15,649
Total Equity & Noncontrolling Interests
49,481 51,141 51,374 52,681 55,729 54,469 56,451 57,655 59,038 63,676 64,061
Total Preferred & Common Equity
49,454 51,105 51,340 52,642 55,689 54,425 56,405 57,607 58,990 63,627 64,008
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
49,454 51,105 51,340 52,642 55,689 54,425 56,405 57,607 58,990 63,627 64,008
Common Stock
22,686 21,736 21,748 21,814 21,866 21,427 21,448 21,526 21,576 24,712 24,785
Retained Earnings
56,170 56,290 56,913 57,652 58,412 59,282 60,051 60,951 62,008 64,256 65,518
Treasury Stock
-19,141 -19,209 -19,279 -19,378 -19,499 -19,719 -19,857 -20,188 -20,517 -21,568 -22,175
Accumulated Other Comprehensive Income / (Loss)
-10,261 -7,712 -8,042 -7,446 -5,090 -6,565 -5,237 -4,682 -4,077 -3,773 -4,120
Noncontrolling Interest
27 36 34 39 40 44 46 48 48 49 53

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
DEI Shares Outstanding
- - - - - - - - - 403,370,923.00 401,564,632.00
DEI Adjusted Shares Outstanding
- - - - - - - - - 403,370,923.00 401,564,632.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - - 4.39 5.12
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-6.98% -8.17% 2.23% 3.80% 3.84% 5.97% 4.62% 8.89% - 13.08% 21.45%
EBITDA Growth
-43.55% -19.84% 1.14% -1.31% 88.43% 14.35% 13.47% 26.82% - 16.37% 27.87%
EBIT Growth
-43.91% -19.10% 2.48% 0.16% 80.57% 11.47% 11.27% 22.82% - 18.47% 27.77%
NOPAT Growth
-42.96% -20.66% -1.53% -4.14% 84.26% 11.53% 11.24% 21.06% - 18.21% 25.08%
Net Income Growth
-42.96% -20.66% -1.53% -4.14% 84.26% 11.53% 11.24% 21.06% - 18.21% 25.08%
EPS Growth
-46.38% -22.11% 0.89% -3.06% 103.24% 13.23% 13.57% 24.64% - 17.66% 24.94%
Operating Cash Flow Growth
20.22% -6.29% -68.21% 2,758.26% -62.99% -128.95% 43.00% -19.20% - 478.78% 45.07%
Free Cash Flow Firm Growth
-12.16% 60.39% 73.39% 47.77% 150.69% 165.47% 197.09% 163.78% - -235.57% -488.29%
Invested Capital Growth
18.52% 12.91% 8.14% 7.05% -6.24% -5.57% -4.83% -1.95% - 11.24% 26.85%
Revenue Q/Q Growth
2.45% -4.03% 5.17% 0.39% 2.49% -2.07% 3.83% 4.49% - 1.55% 11.52%
EBITDA Q/Q Growth
-42.45% 54.19% 9.63% 1.45% 9.88% -6.43% 8.78% 13.39% - -7.55% 19.53%
EBIT Q/Q Growth
-43.25% 56.97% 9.84% 2.36% 2.31% -3.10% 9.64% 12.99% - -6.10% 18.24%
NOPAT Q/Q Growth
-43.76% 52.21% 9.90% 1.90% 8.11% -7.87% 9.61% 10.89% - -12.84% 15.97%
Net Income Q/Q Growth
-43.76% 52.21% 9.90% 1.90% 8.11% -7.87% 9.61% 10.89% - -12.84% 15.97%
EPS Q/Q Growth
-48.61% 67.57% 9.35% 2.95% 7.74% -6.65% 9.69% 12.99% - -15.37% 16.46%
Operating Cash Flow Q/Q Growth
4,129.57% -63.86% -41.13% 217.58% -45.24% -128.28% 390.77% 79.46% - 154.69% 11.36%
Free Cash Flow Firm Q/Q Growth
-45.18% 30.48% 38.75% 15.51% 240.90% -10.21% -9.17% -44.50% - -2,702.05% -160.16%
Invested Capital Q/Q Growth
7.12% 0.16% -0.01% -0.22% -6.18% 0.89% 0.77% 2.80% - 10.71% 14.92%
Profitability Metrics
- - - - - - - - - - -
EBITDA Margin
20.48% 32.91% 34.30% 34.66% 37.17% 35.51% 37.20% 40.37% - 36.55% 39.17%
EBIT Margin
19.68% 32.19% 33.62% 34.28% 34.22% 33.86% 35.75% 38.66% - 35.47% 37.61%
Profit (Net Income) Margin
16.47% 26.12% 27.30% 27.71% 29.23% 27.49% 29.02% 30.80% - 28.74% 29.89%
Tax Burden Percent
83.70% 81.16% 81.20% 80.83% 85.41% 81.20% 81.18% 79.67% - 81.02% 79.47%
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
16.30% 18.84% 18.80% 19.17% 14.59% 18.80% 18.82% 20.33% - 18.98% 20.53%
Return on Invested Capital (ROIC)
3.10% 4.70% 4.84% 4.94% 5.25% 4.98% 5.30% 5.68% - 5.53% 5.59%
ROIC Less NNEP Spread (ROIC-NNEP)
3.10% 4.70% 4.84% 4.94% 5.25% 4.98% 5.30% 5.68% - 5.53% 5.59%
Return on Net Nonoperating Assets (RNNOA)
4.20% 6.24% 6.48% 6.30% 6.68% 6.17% 6.33% 6.45% - 5.86% 6.71%
Return on Equity (ROE)
7.30% 10.94% 11.32% 11.24% 11.93% 11.15% 11.63% 12.13% - 11.40% 12.29%
Cash Return on Invested Capital (CROIC)
-12.00% -7.60% -3.41% -2.46% 11.41% 10.79% 10.13% 7.35% - -4.77% -17.94%
Operating Return on Assets (OROA)
0.76% 1.20% 1.28% 1.30% 1.32% 1.32% 1.42% 1.54% - 1.46% 1.60%
Return on Assets (ROA)
0.63% 0.97% 1.04% 1.05% 1.12% 1.07% 1.15% 1.23% - 1.18% 1.27%
Return on Common Equity (ROCE)
7.30% 10.93% 11.31% 11.24% 11.92% 11.14% 11.62% 12.12% - 11.39% 12.28%
Return on Equity Simple (ROE_SIMPLE)
0.00% 10.32% 10.02% 9.35% 0.00% 10.83% 10.89% 11.17% - 11.43% 12.00%
Net Operating Profit after Tax (NOPAT)
883 1,344 1,477 1,505 1,627 1,499 1,643 1,822 - 1,772 2,055
NOPAT Margin
16.47% 26.12% 27.30% 27.71% 29.23% 27.49% 29.02% 30.80% - 28.74% 29.89%
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
49.71% 47.48% 45.59% 47.00% 48.18% 47.76% 46.23% 45.88% - 46.55% 44.65%
Operating Expenses to Revenue
75.99% 64.80% 62.04% 61.25% 62.98% 62.12% 59.76% 58.51% - 61.12% 59.61%
Earnings before Interest and Taxes (EBIT)
1,055 1,656 1,819 1,862 1,905 1,846 2,024 2,287 - 2,187 2,586
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
1,098 1,693 1,856 1,883 2,069 1,936 2,106 2,388 - 2,253 2,693
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
1.15 1.23 1.16 1.31 1.39 1.22 1.27 1.33 - 1.31 1.53
Price to Tangible Book Value (P/TBV)
1.47 1.56 1.47 1.63 1.75 1.51 1.57 1.63 - 1.65 1.94
Price to Revenue (P/Rev)
2.74 3.00 2.90 3.41 3.52 3.15 3.31 3.47 - 3.50 3.92
Price to Earnings (P/E)
11.43 13.17 12.76 15.31 13.73 12.10 12.45 12.65 - 12.08 13.42
Dividend Yield
4.13% 3.88% 4.03% 3.41% 3.29% 3.65% 3.46% 3.26% - 3.24% 2.78%
Earnings Yield
8.75% 7.59% 7.83% 6.53% 7.29% 8.27% 8.03% 7.91% - 8.28% 7.45%
Enterprise Value to Invested Capital (EV/IC)
0.65 0.62 0.75 0.81 0.79 0.78 0.87 0.84 - 0.91 1.04
Enterprise Value to Revenue (EV/Rev)
3.77 3.63 4.42 4.67 4.24 4.17 4.67 4.51 - 4.97 6.20
Enterprise Value to EBITDA (EV/EBITDA)
11.64 11.68 14.25 15.28 12.18 11.78 12.91 11.99 - 12.88 15.88
Enterprise Value to EBIT (EV/EBIT)
12.02 12.03 14.62 15.61 12.62 12.27 13.51 12.64 - 13.40 16.52
Enterprise Value to NOPAT (EV/NOPAT)
14.33 14.41 17.71 19.16 15.35 14.93 16.45 15.46 - 16.27 20.19
Enterprise Value to Operating Cash Flow (EV/OCF)
8.00 7.64 12.02 9.12 11.59 16.25 17.03 18.78 - 17.35 20.72
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 6.67 7.01 8.41 11.32 - 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
1.42 1.42 1.36 1.22 1.13 1.08 1.05 1.06 - 1.05 1.34
Long-Term Debt to Equity
1.36 1.36 1.36 1.16 1.08 1.01 0.99 0.99 - 1.00 1.30
Financial Leverage
1.36 1.33 1.34 1.28 1.27 1.24 1.19 1.14 - 1.06 1.20
Leverage Ratio
11.54 11.23 10.93 10.67 10.62 10.40 10.11 9.88 - 9.64 9.65
Compound Leverage Factor
11.54 11.23 10.93 10.67 10.62 10.40 10.11 9.88 - 9.64 9.65
Debt to Total Capital
58.72% 58.60% 57.54% 54.98% 53.10% 51.82% 51.17% 51.36% - 51.15% 57.23%
Short-Term Debt to Total Capital
2.44% 2.40% 0.00% 2.73% 2.65% 3.05% 2.70% 3.33% - 2.09% 1.85%
Long-Term Debt to Total Capital
56.27% 56.20% 57.54% 52.25% 50.46% 48.77% 48.48% 48.04% - 49.06% 55.38%
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
0.03% 0.03% 0.03% 0.03% 0.04% 0.04% 0.04% 0.04% - 0.04% 0.04%
Common Equity to Total Capital
41.25% 41.38% 42.43% 44.98% 46.86% 48.14% 48.79% 48.60% - 48.82% 42.73%
Debt to EBITDA
10.46 11.13 10.89 10.42 8.22 7.84 7.56 7.34 - 7.26 8.77
Net Debt to EBITDA
3.17 2.01 4.90 4.12 2.06 2.88 3.76 2.76 - 3.81 5.83
Long-Term Debt to EBITDA
10.03 10.67 10.89 9.91 7.81 7.38 7.16 6.86 - 6.96 8.49
Debt to NOPAT
12.88 13.73 13.54 13.07 10.36 9.94 9.63 9.46 - 9.17 11.16
Net Debt to NOPAT
3.90 2.48 6.09 5.16 2.59 3.65 4.79 3.56 - 4.81 7.42
Long-Term Debt to NOPAT
12.34 13.16 13.54 12.42 9.84 9.36 9.12 8.85 - 8.80 10.80
Noncontrolling Interest Sharing Ratio
0.08% 0.06% 0.06% 0.06% 0.08% 0.07% 0.08% 0.08% - 0.08% 0.08%
Liquidity Ratios
- - - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-18,470 -12,841 -7,865 -6,645 9,363 8,407 7,636 4,238 - -11,397 -29,650
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
-5.96 -3.97 -2.41 -1.95 3.15 3.17 2.81 1.47 - -4.59 -11.46
Operating Cash Flow to Interest Expense
1.57 0.54 0.32 0.96 0.61 -0.19 0.55 0.92 - 0.78 0.83
Operating Cash Flow Less CapEx to Interest Expense
1.57 0.54 0.32 0.96 0.61 -0.19 0.55 0.92 - 0.78 0.83
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
123,878 124,081 124,072 123,798 116,142 117,173 118,079 121,382 - 130,342 149,784
Invested Capital Turnover
0.19 0.18 0.18 0.18 0.18 0.18 0.18 0.18 - 0.19 0.19
Increase / (Decrease) in Invested Capital
19,353 14,185 9,342 8,150 -7,736 -6,908 -5,993 -2,416 - 13,169 31,705
Enterprise Value (EV)
80,933 76,315 93,428 99,789 91,360 91,213 103,185 101,929 - 118,314 155,122
Market Capitalization
58,885 63,119 61,279 72,866 75,894 68,845 73,107 78,408 - 83,298 98,091
Book Value per Share
$128.29 $128.35 $132.30 $140.10 $137.17 $142.53 $145.63 $149.79 - $157.74 $159.40
Tangible Book Value per Share
$100.85 $101.02 $104.82 $112.60 $109.61 $114.90 $118.00 $121.96 - $124.81 $126.23
Total Capital
123,878 124,081 124,072 123,798 116,142 117,173 118,079 121,382 - 130,342 149,784
Total Debt
72,737 72,707 71,391 68,069 61,673 60,722 60,424 62,344 - 66,666 85,723
Total Long-Term Debt
69,711 69,734 71,391 64,688 58,601 57,150 57,240 58,307 - 63,940 82,956
Net Debt
22,012 13,162 32,110 26,883 15,422 22,322 30,030 23,473 - 34,967 56,978
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)
72,737 72,707 71,391 68,069 61,673 60,722 60,424 62,344 - 66,666 85,723
Total Depreciation and Amortization (D&A)
43 37 37 21 164 90 82 101 - 66 107
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$1.86 $3.10 $3.39 $3.50 $3.77 $3.52 $3.86 $4.36 $4.86 $4.13 $4.82
Adjusted Weighted Average Basic Shares Outstanding
401M 400M 400M 399M 399M 398M 397M 396M 396M 405M 403M
Adjusted Diluted Earnings per Share
$1.85 $3.10 $3.39 $3.49 $3.76 $3.51 $3.85 $4.35 $4.88 $4.13 $4.81
Adjusted Weighted Average Diluted Shares Outstanding
401M 400M 400M 400M 400M 398M 397M 396M 396M 405M 403M
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
397.81M 397.91M 397.50M 396.78M 395.75M 395.57M 393.81M 392.16M 403.37M 401.56M 398.94M
Normalized Net Operating Profit after Tax (NOPAT)
883 1,344 1,477 1,505 1,627 1,499 1,643 1,822 - 1,772 2,055
Normalized NOPAT Margin
16.47% 26.12% 27.30% 27.71% 29.23% 27.49% 29.02% 30.80% - 28.74% 29.89%
Pre Tax Income Margin
19.68% 32.19% 33.62% 34.28% 34.22% 33.86% 35.75% 38.66% - 35.47% 37.61%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.34 0.51 0.56 0.55 0.64 0.70 0.75 0.79 - 0.88 1.00
NOPAT to Interest Expense
0.28 0.42 0.45 0.44 0.55 0.56 0.61 0.63 - 0.71 0.79
EBIT Less CapEx to Interest Expense
0.34 0.51 0.56 0.55 0.64 0.70 0.75 0.79 - 0.88 1.00
NOPAT Less CapEx to Interest Expense
0.28 0.42 0.45 0.44 0.55 0.56 0.61 0.63 - 0.71 0.79
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
50.97% 54.90% 54.85% 55.54% 48.53% 47.38% 46.24% 44.33% - 41.29% 39.74%
Augmented Payout Ratio
62.49% 62.73% 62.42% 65.48% 60.07% 59.27% 61.36% 61.83% - 67.04% 67.83%

Financials Breakdown Chart

Key Financial Trends

PNC Financial Services Group has shown solid earnings power over the last four years, but the trend line is mixed. Revenue and net income have generally held up well, yet the bank has also seen rising operating expenses, a heavier balance sheet, and more volatility in cash flow quarter to quarter. For retail investors, the big picture is a large, profitable regional bank that remains fundamentally strong, but with some signs of pressure from funding costs, credit risk, and balance sheet churn.

  • Earnings remain strong in 2025 and early 2026. Q1 2026 net income was $1.77 billion, up from $1.50 billion in Q1 2025, and Q4 2025 net income was $2.03 billion. That suggests PNC is still generating substantial profits.
  • Profitability improved sequentially into late 2025. Q4 2025 revenue of $6.07 billion and pre-tax income of $2.33 billion were both stronger than Q3 2025, showing good momentum heading into year-end.
  • Loan balances expanded meaningfully. Net loans and leases rose from $314.3 billion in Q1 2025 to $356.3 billion in Q1 2026, indicating a larger earning asset base.
  • Book equity increased year over year. Total common equity climbed from $56.4 billion in Q1 2025 to $63.6 billion in Q1 2026, which supports capital strength.
  • Quarterly earnings per share stayed high. Q1 2026 diluted EPS was $4.13, versus $3.52 in Q1 2025, reflecting healthy bottom-line performance.
  • Net interest income has remained resilient. Even with changing rate conditions, PNC produced $3.96 billion of net interest income in Q1 2026, above the $3.48 billion level in Q1 2025.
  • Cash flow from operations is volatile but positive in recent quarters. PNC generated $1.93 billion of operating cash flow in Q1 2026, after $757 million in Q4 2025 and $2.66 billion in Q3 2025. The variability suggests working-capital and balance-sheet movements can swing results materially.
  • The bank continues to actively manage securities and funding. Large purchases and sales of investment securities, along with debt issuance/repayment, point to ongoing balance-sheet optimization rather than a static asset mix.
  • Non-interest expense has trended higher. Total non-interest expense rose to $3.77 billion in Q1 2026 from $3.39 billion in Q1 2025, which can pressure margins if revenue growth slows.
  • Deposits have been declining at times. Q1 2026 showed a net decrease in deposits of $6.29 billion, and Q1 2025 also showed a decline. That can signal funding pressure or competitive deposit pricing.
  • Credit costs have picked up versus the lows of 2025. Provision for credit losses was $210 million in Q1 2026, above $139 million in Q4 2025, suggesting a somewhat more cautious credit outlook.
  • Interest expense remains elevated. PNC paid $2.52 billion in cash interest in Q1 2026, underscoring that funding costs are still a meaningful drag on profitability.

Bottom line: PNC looks like a profitable, well-capitalized bank with decent earnings momentum, but investors should watch deposit trends, credit provisions, and expense growth. The company’s earnings power is still intact, yet the path forward depends on how well it manages funding costs and loan quality in a less predictable operating environment.

08/06/26 01:55 AM 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 financial year ends in December. Their financial 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. See The PNC Financial Services Group's forecast for analyst expectations on what's next for the company.

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.



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