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 |
|
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
Q1 2026 |
Q2 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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% |
Key Financial Trends
PNC’s latest results show continued earnings and balance-sheet growth. In Q2 2026, total revenue reached $6.875 billion, up from $5.661 billion in the restated Q2 2025 period and $6.165 billion in Q1 2026. Net income attributable to common shareholders increased to $1.953 billion, compared with $1.542 billion a year earlier, while diluted EPS rose to $4.81 from $3.85. The increase reflects growth in both net interest income and non-interest income.
Net interest income rose to $4.107 billion in Q2 2026, up 15.5% year over year and 3.7% sequentially. Non-interest income was particularly strong at $2.768 billion, a 31.4% year-over-year increase and a 25.6% increase from Q1. Credit costs also improved modestly, with the provision for credit losses declining to $191 million from $210 million in Q1 and $254 million in Q2 2025.
The balance sheet expanded meaningfully over the period. Total assets reached $616.0 billion, compared with $559.1 billion in Q2 2025 and $557.3 billion at year-end 2022. Gross loans and leases increased to $368.0 billion, while total deposits reached approximately $449.8 billion. Common equity rose to $64.0 billion from $57.6 billion a year earlier and $45.8 billion at year-end 2022. However, Q2 cash flow was mixed: operating cash flow improved to $2.147 billion, but the company reported a $2.954 billion decline in cash and used $15.1 billion in investing activities.
- Strong earnings momentum: Q2 2026 net income attributable to common shareholders increased 26.6% year over year, and diluted EPS rose nearly 25% to $4.81.
- Net interest income continues to recover: NII increased from $3.410 billion in Q3 2024 to $4.107 billion in Q2 2026, supported by higher loan interest income.
- Non-interest income diversification: Q2 non-interest income reached $2.768 billion, representing more than 40% of total revenue and reducing reliance on lending spreads alone.
- Loan growth has accelerated: Gross loans and leases increased approximately 12.9% from Q2 2025 and 12.9% from year-end 2022, reaching $367.953 billion.
- Credit-loss provision declined: The Q2 provision fell to $191 million from $254 million a year earlier, while the allowance-to-gross-loans ratio improved to approximately 1.26% from 1.39% in Q2 2025.
- Capital base has strengthened: Common equity increased to $64.008 billion in Q2 2026, approximately 11% above Q2 2025 and 40% above year-end 2022.
- Operating cash flow remains positive: Cash generated from operating activities rose to $2.147 billion in Q2 2026 from $1.480 billion in Q2 2025, providing support for dividends and share repurchases.
- Shareholder returns remain substantial: PNC repurchased $622 million of common stock and paid $776 million in dividends during Q2 2026, while the quarterly common dividend per share increased from $1.50 in 2023 to $1.70 in Q1 2026.
- Deposit growth is moderate: Total deposits increased to approximately $449.8 billion from $426.7 billion a year earlier, although they remain below the roughly $453.5 billion reported at year-end 2023.
- Funding and liquidity require monitoring: Q2 2026 investing activities consumed $15.1 billion, cash declined by $2.954 billion, and long-term debt rose to $83.0 billion from $57.2 billion in Q2 2025.
09/16/26 01:45 AM ETAI Generated. May Contain Errors.