PNC FINANCIAL SERVICES GROUP, INC.
10-K & 10-Q Filings
The PNC Financial Services Group, Inc. is a large diversified financial institution headquartered in Pittsburgh, Pennsylvania. The company offers various financial products and services, including retail banking, corporate and institutional banking, and asset management, with a national branch network. In 2021, PNC acquired BBVA USA Bancshares, Inc., expanding its presence in the U.S. The company's consolidated total assets, total deposits, and total shareholders' equity were $561.6 billion, $421.4 billion, and $51.1 billion, respectively, at December 31, 2023. PNC is subject to various governmental regulations, including the Federal Reserve, OCC, CFPB, SEC, and CFTC. The company's businesses are regulated in the U.S. and abroad, and its relationships and good standing with regulators are crucial for its operation and growth. PNC's businesses are subject to numerous rules and regulations, including those governing taxation, antitrust regulation, electronic commerce, data security, and privacy. For more information, visit the company's website at www.pnc.com, and the stock is traded on the New York Stock Exchange under the ticker symbol "PNC."
12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$14326.00
15512.00
16012.00
15375.00
15225.00
15162.00
16329.00
17132.00
17827.00
16901.00
19211.00
21120.00
21490.00
5603.00
5145.00
3.44%-8.17%Net Interest Income (+)$8700.00
9640.00
9147.00
8525.00
8278.00
8391.00
9108.00
9721.00
9965.00
9946.00
10647.00
13014.00
13916.00
3585.00
3264.00
3.99%-8.95%Interest Expense (-)$1494.00
1094.00
860.00
906.00
1045.00
1261.00
1706.00
2861.00
3797.00
1361.00
487.00
2422.00
10392.00
2074.00
3236.00
17.54%56.03%Non Interest Income (+)$5626.00
5872.00
6865.00
6850.00
6947.00
6771.00
7221.00
7411.00
7862.00
6955.00
8564.00
8106.00
7574.00
2018.00
1881.00
2.51%-6.79%Selling, General & Administrative (-)$249.00
279.00
246.00
253.00
249.00
247.00
244.00
285.00
301.00
236.00
319.00
355.00
350.00
74.00
64.00
2.88%-13.51%Marketing Expenses (-)$249.00
279.00
246.00
253.00
249.00
247.00
244.00
285.00
301.00
236.00
319.00
355.00
350.00
74.00
64.00
2.88%-13.51%Non-recurring Operating Expenses (-)$152.00
111.00
16.00
11.00
Operating Expenses (-)
$9105.00
10582.00
9801.00
9488.00
9463.00
9476.00
10398.00
10296.00
10574.00
10297.00
13002.00
13170.00
14012.00
3321.00
3334.00
3.66%0.39%Operating Income/Loss (+)$5221.00
4930.00
6211.00
5887.00
5762.00
5686.00
11105.00
6836.00
7253.00
6604.00
6209.00
7950.00
7478.00
2282.00
1811.00
3.04%-20.64%Provision for Loan Loss (-)$1152.00
987.00
643.00
273.00
255.00
433.00
441.00
408.00
773.00
Earnings before Tax (+)
$4069.00
3943.00
5568.00
5614.00
5507.00
5253.00
5490.00
6428.00
6480.00
3429.00
6988.00
7473.00
6736.00
2047.00
1656.00
4.29%-19.10%Tax Expense (-)$998.00
942.00
1341.00
1407.00
1364.00
1268.00
102.00
1082.00
1062.00
426.00
1263.00
1360.00
1089.00
353.00
312.00
0.73%-11.61%Income/Loss (Continuing Operations) (+)$3071.00
3001.00
4227.00
4207.00
4143.00
3985.00
5388.00
5346.00
5418.00
3003.00
5725.00
6113.00
5647.00
1694.00
1344.00
5.21%-20.66%Income/Loss (Discontinued Operations) (+)$
4555.00
Profit/Loss (+)
$3071.00
3001.00
4227.00
4207.00
4143.00
3985.00
5388.00
5346.00
5418.00
7558.00
5725.00
6113.00
Net Income/Loss (NCI) (-)
$
23.00
37.00
82.00
50.00
45.00
49.00
69.00
Net Income/Loss (+)
$3071.00
3001.00
4227.00
4184.00
4106.00
3903.00
5338.00
5301.00
5369.00
7558.00
5725.00
6113.00
5578.00
1694.00
1344.00
5.10%-20.66%Preferred & Other Distributions (-)$56.00
177.00
237.00
237.00
225.00
215.00
262.00
240.00
240.00
233.00
238.00
306.00
425.00
70.00
83.00
18.40%18.57%Net Income/Loss (Common) (+)$3015.00
2824.00
3990.00
3947.00
3881.00
3688.00
5076.00
5061.00
5129.00
7325.00
5487.00
5807.00
5153.00
1624.00
1261.00
4.57%-22.35%EPS (Basic)$5.70
5.36
7.48
7.44
7.52
7.42
10.49
10.79
11.43
16.99
12.71
13.86
12.80
3.98
3.10
6.97%-22.11%EPS (Diluted)$5.64
5.30
7.39
7.30
7.39
7.30
10.36
10.71
11.39
16.96
12.70
13.85
12.79
3.98
3.10
7.06%-22.11%Weighted Avg Shares (Basic)524.00
526.00
528.00
529.00
514.00
494.00
481.00
467.00
447.00
427.00
426.00
412.00
401.00
401.00
400.00
-2.20%-0.25%Weighted Avg Shares (Diluted)526.00
529.00
532.00
537.00
521.00
500.00
486.00
470.00
448.00
427.00
426.00
412.00
401.00
402.00
400.00
-2.24%-0.50%Cash$7479.00
10667.00
18164.00
37991.00
35980.00
30590.00
33844.00
16501.00
28474.00
92190.00
82254.00
34363.00
50725.00
39805.00
59545.00
17.30%49.59%Securities & Long-term Investments$157603.00
185513.00
254553.00
259571.00
276086.00
270106.00
277297.00
308300.00
325569.00
90041.00
418284.00
464041.00
452972.00
463266.00
449310.00
9.20%-3.01%Goodwill & Intangibles$10144.00
10869.00
11290.00
10947.00
9482.00
9103.00
9173.00
9218.00
9233.00
9233.00
10916.00
10987.00
10932.00
10987.00
10932.00
0.63%-0.50%Other Assets$95979.00
98058.00
36289.00
36563.00
36945.00
56581.00
60454.00
48296.00
47019.00
275215.00
45737.00
47872.00
46951.00
47719.00
46375.00
-5.78%-2.82%Assets (Total)$271205.00
305107.00
320296.00
345072.00
358493.00
366380.00
380768.00
382315.00
410295.00
466679.00
557191.00
557263.00
561580.00
561777.00
566162.00
6.25%0.78%Deposits$187966.00
213142.00
220931.00
232234.00
249002.00
257164.00
265053.00
267839.00
288540.00
365345.00
457278.00
436282.00
421418.00
436833.00
425624.00
6.96%-2.57%Accounts Payable$4175.00
4449.00
4734.00
5187.00
4975.00
Debt (Current)
$
8453.00
4997.00
4995.00
14.00
Securities (Liabilities)
$2984.00
3327.00
4289.00
3510.00
1777.00
Debt (Non-current)
$14960.00
17714.00
16301.00
56768.00
54532.00
52706.00
59088.00
57400.00
60263.00
37195.00
30784.00
58713.00
72737.00
60822.00
72707.00
14.09%19.54%Other Liabilities$23874.00
16257.00
24947.00
35755.00
2213.00
9656.00
9042.00
9306.00
12149.00
10098.00
13403.00
16456.00
16284.00
15048.00
16457.00
-3.14%9.36%Liabilities (Total)$233959.00
263342.00
276199.00
298998.00
312513.00
319526.00
333183.00
334545.00
360952.00
412638.00
501465.00
511451.00
510439.00
512703.00
514788.00
6.72%0.41%Treasury Stock$487.00
569.00
408.00
1430.00
3368.00
5066.00
6904.00
9454.00
12781.00
14205.00
15112.00
18716.00
19209.00
19024.00
19279.00
35.83%1.34%Retained Earnings$18253.00
20265.00
23325.00
26200.00
29043.00
31670.00
35481.00
38919.00
42215.00
46848.00
50228.00
53572.00
56290.00
54598.00
56913.00
9.84%4.24%AOCI$-105.00
834.00
436.00
503.00
130.00
-265.00
-148.00
-725.00
799.00
2770.00
409.00
-10172.00
-7712.00
-9108.00
-8042.00
11.70%Shareholder's Equity$37246.00
41765.00
44097.00
46074.00
45980.00
46854.00
47585.00
47770.00
49343.00
54041.00
55726.00
45812.00
51141.00
49074.00
51374.00
2.68%4.69%Liabilities & Equity$271205.00
305107.00
320296.00
345072.00
358493.00
366380.00
380768.00
382315.00
410295.00
466679.00
557191.00
557263.00
561580.00
561777.00
566162.00
6.25%0.78%Net Income/Loss$3071.00
3001.00
4227.00
4207.00
4143.00
3985.00
5388.00
5346.00
5418.00
7558.00
5725.00
6113.00
5647.00
1694.00
1344.00
5.21%-20.66%Depreciation & Amortization$1140.00
1159.00
1146.00
988.00
1088.00
1193.00
1117.00
1129.00
1315.00
1497.00
1773.00
651.00
217.00
65.00
37.00
-12.91%-43.08%Increase/Decrease in Working Capital$733.00
-1148.00
817.00
9.00
20.00
1994.00
440.00
-1177.00
560.00
-88.00
-296.00
-2027.00
-3459.00
262.00
-309.00
-217.94%Adjustments to Reconcile Net Income$2964.00
3826.00
1328.00
1350.00
1353.00
-350.00
311.00
2494.00
1945.00
-2899.00
1489.00
2970.00
4464.00
182.00
414.00
3.47%127.47%Net Cash (Operating)$6035.00
6827.00
5555.00
5557.00
5496.00
3635.00
5699.00
7840.00
7363.00
4659.00
7214.00
9083.00
10111.00
1876.00
1758.00
4.39%-6.29%Capital Expenditure$-430.00
4130.00
62.00
1342.00
-75.00
-14225.00
10511.00
73.00
63.00
-13.70%Net Cash (Investing)$-6549.00
-17261.00
-18935.00
-24893.00
-16260.00
-7442.00
-15015.00
-3969.00
-24990.00
-51122.00
-2795.00
-13428.00
-6379.00
-5712.00
-6365.00
-11.43%Increase/Decrease in Debt$-3683.00
-12214.00
-8013.00
355.00
-6935.00
-212.00
-2347.00
2480.00
8609.00
-12038.00
-2.00
481.00
-1690.00
-968.00
-72.00
92.56%Increase/Decrease in Equity$915.00
2233.00
472.00
-1176.00
-2152.00
-1543.00
-2447.00
-2877.00
-3578.00
-1624.00
405.00
-1506.00
833.00
1025.00
-223.00
-0.78%-121.76%Interest Expenses$1517.00
1208.00
891.00
863.00
1005.00
1317.00
1743.00
2835.00
3742.00
1292.00
582.00
2172.00
9451.00
1691.00
2861.00
16.47%69.19%Dividends Paid$660.00
997.00
1148.00
1232.00
1257.00
1270.00
1502.00
1837.00
2131.00
2209.00
2289.00
2692.00
2878.00
675.00
705.00
13.06%4.44%Net Cash (Financing)$1322.00
11549.00
12203.00
19653.00
10469.00
4621.00
9686.00
-3512.00
17080.00
48419.00
-3432.00
3384.00
-3854.00
2733.00
3619.00
32.42%Cash Taxes Paid$801.00
23.00
231.00
1090.00
633.00
547.00
48.00
-96.00
413.00
3400.00
602.00
171.00
165.00
53.00
29.00
-12.34%-45.28%Increase/Decrease in Cash$808.00
1115.00
-1177.00
317.00
-295.00
814.00
370.00
359.00
-547.00
1956.00
987.00
-961.00
-122.00
-1103.00
-988.00
10.43%Cash (Beginning)$3297.00
4105.00
5220.00
4043.00
4360.00
4065.00
4879.00
5249.00
5608.00
5061.00
7017.00
8004.00
7043.00
7043.00
6921.00
6.53%-1.73%Cash (Ending)$4105.00
5220.00
4043.00
4360.00
4065.00
4879.00
5249.00
5608.00
5061.00
7017.00
8004.00
7043.00
6921.00
5940.00
5933.00
4.45%-0.12%NOPAT$4193.22
4901.24
5953.32
4744.00
5099.69
5093.91
11007.91
5685.32
6790.73
13152.15
5674.11
7768.09
7294.82
2222.92
1779.29
4.72%-19.96%Operating Margin %36.44%
31.78%
38.79%
38.29%
37.85%
37.50%
68.01%
39.90%
40.69%
39.07%
32.32%
37.64%
34.80%
40.73%
35.20%
NOPAT Margin %29.27%
31.60%
37.18%
30.86%
33.50%
33.60%
67.41%
33.19%
38.09%
77.82%
29.54%
36.78%
33.95%
39.67%
34.58%
Net Margin %21.44%
19.35%
26.40%
27.21%
26.97%
25.74%
32.69%
30.94%
30.12%
44.72%
29.80%
28.94%
25.96%
30.23%
26.12%
Tax Rate %19.69%
0.58%
4.15%
19.42%
11.49%
10.41%
0.87%
16.83%
6.37%
-99.15%
8.61%
2.29%
2.45%
2.59%
1.75%
ROA1.55%
1.61%
1.86%
1.37%
1.42%
1.39%
2.89%
1.49%
1.66%
2.82%
1.02%
1.39%
1.30%
0.40%
0.31%
ROE11.26%
11.74%
13.50%
10.30%
11.09%
10.87%
23.13%
11.90%
13.76%
24.34%
10.18%
16.96%
14.26%
4.53%
3.46%
Equity Multiplier7.28
7.31
7.26
7.49
7.80
7.82
8.00
8.00
8.32
8.64
10.00
12.16
10.98
11.45
11.02
Debt/Equity Ratio5.45
5.73
5.49
6.38
6.60
6.61
6.81
6.81
7.07
7.45
8.76
10.80
9.66
10.14
9.70
Dividend Payout Ratio %15.74%
20.34%
19.28%
25.97%
24.65%
24.93%
13.64%
32.31%
31.38%
16.80%
40.34%
34.65%
39.45%
30.37%
39.62%
Total Payout$-255.00
-1236.00
676.00
2408.00
3409.00
2813.00
3949.00
4714.00
5709.00
3833.00
1884.00
4198.00
2045.00
-350.00
928.00
365.14%Payout Ratio %-6.08%
-25.22%
11.36%
50.76%
66.85%
55.22%
35.87%
82.92%
84.07%
29.14%
33.20%
54.04%
28.03%
-15.75%
52.16%