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.
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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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% |
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.
06/06/26 07:45 PM ETAI Generated. May Contain Errors.