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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

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PNC Financial Services

PNC owns 22% of BlackRock, the largest asset management firm in the world by assets under management. This ownership interest had a market value of $17.9 billion as of December 31, 2017.

BlackRock

Citizens National Bank was founded on July 11, 1890 in Laurel, Maryland as Citizens National Bank of Laurel.The bank's founder and first president was Charles H. Stanley. On April 1, 1965, it was renamed to Citizens National Bank after merging with The Central Bank of Howard County. On September 15, 2007, Citizens National was acquired by PNC Bank, National Association.

Citizens National Bank

The PNC Financial Services Group, Inc. is a holding company, which engages in the provision of financial services. It operates through the following segments: Retail Banking, Corporate and Institutional Banking, Asset Management Group, and Other. The Retail Banking segment offers deposit, lending, brokerage, investment management, and cash management products and services to consumer and small business customers. The Corporate and Institutional segment covers the lending, treasury management, and capital markets-related products and services to mid-sized and large corporations, government, and not-for-profit entities. The Asset Management Group segment includes personal wealth management for high net worth and ultra-high net worth clients and institutional asset management. The company was founded in 1983 and is headquartered in Pittsburgh, PA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

PNC Financial Services posts solid Q4 results amid economic uncertainties

PNC Financial Services delivered strong financial results in Q4 2022, driven by solid loan growth and capital management initiatives.
While facing challenges related to potential economic downturn and expense management, the company remains well-positioned with a focus on customer relationships.
Opportunities for growth lie in expanding loan and revenue streams, optimizing asset management strategies, and enhancing operational efficiency.
Overall, PNC's performance reflects resilience amidst economic uncertainties, with a strategic focus on capital strength and customer-centric operations.

PNC Financial Services reports robust Q1 earnings amidst industry shifts

PNC Financial Services Group's Q1 performance reflects strength in earnings, balance sheet stability, and strategic execution.
While facing challenges such as softened loan demand and disruptions in certain business segments, PNC remains proactive in risk management.
Opportunities lie in leveraging market changes, growing market share, and maintaining regulatory compliance for sustained success.
Investors can find confidence in PNC's solid credit quality, capital management, and focus on long-term growth strategies.

PNC Financial Services reports solid Q2 earnings amidst M&A challenges

PNC Financial Services delivered a strong Q2 performance with a focus on expense control and credit quality. Challenges include declining net interest income and hurdles to M&A expansion. Opportunities exist in noninterest income growth and prudent expense management.

PNC Financial Services reports robust Q3 results amid economic uncertainties

PNC Financial Services Group's Q3 2023 performance showcased strong financial results, robust credit quality, and strategic expense management amidst economic uncertainties.
While facing challenges such as declining loan balances and net interest margin, the company remains focused on capital strengthening, customer-centric initiatives, and operational efficiency.
Opportunities in stable fee income, technological advancements, and market expansion present avenues for growth and profitability in the evolving financial landscape.

PNC Financial Services reports solid Q4 performance and eyes growth opportunities

PNC's Q4 performance was strong with a focus on expense control.
Challenges include credit charge-offs and declining revenue expectations.
Opportunities lie in commercial loan growth and fee income expansion.
Overall, PNC is well-positioned for growth despite regulatory uncertainties.

PNC Financial Services reports solid Q1 earnings amidst industry consolidation concerns

PNC's Q1 performance reflects financial stability and strategic investments, supported by strong liquidity and capital reserves. While challenges in commercial real estate and industry consolidation loom, opportunities in fee-based businesses and asset repositioning offer growth potential.

PNC Financial Services reports robust Q2 earnings and strategic growth

PNC Financial Services Group excelled in Q2 2024, balancing growth and capital management effectively.
While facing expected challenges in the credit environment, the company capitalized on opportunities for future growth.
Strengthened financial metrics and shareholder returns position PNC well for continued success.
Strategic initiatives like the new credit card and capital deployment enhance value for stakeholders.

PNC Financial Services reports robust Q3 earnings and eyes organic growth opportunities

PNC Financial Services Group's Q3 2024 performance reflects strength in earnings, operating leverage, and balance sheet metrics.
While facing challenges in loan growth and deposit pricing, the company remains optimistic about organic growth opportunities.
Strategic focus on credit quality, capital strength, and future growth investments positions PNC well for the medium term.
Management's cautious approach to loan growth and market conditions guide the company's strategic decisions for sustainable growth.

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RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces it is advising Eurazeo (EPA: RF) on its pending acquisition of Scaled Agile, Inc. (Scaled Agile), a portfolio company of Leeds Equity Partners (Leeds Equity) and Rubicon Technology Partners (Rubicon). Scaled Agile is a leading global provider of the framework, platform, professional training content and certifications for implementing business agility practices across t

Harris Williams Advises Eurazeo on its Pending Acquisition of Scaled Agile

PITTSBURGH, Nov. 18, 2021 /PRNewswire/ -- Following a bah-humbug year for the country's economy in 2020, PNC's 38th annual Christmas Price Index (PNC CPI) sees a return of performers in the annual calculation and reflects an increase of 5.7% from 2019 to purchase gifts from the classic holiday song, "The 12 Days of Christmas." A light-hearted take on the Bureau of Labor Statistics' (BLS) Consumer Price Index, which measures the average change in prices consumers pay for goods and services over time, the PNC version applies its own analysis to procuring True Love's 12 perfect gifts at Christmas.

Check Your List Twice: Annual PNC Christmas Price Index Reflects Mostly Re-Opened Economy By Comparing To 2019

RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Profile Products (Profile), a portfolio company of Incline Equity Partners (Incline), on its sale to New Mountain Capital, LLC (New Mountain). Profile is a leading developer and manufacturer of highly engineered specialty agriscience materials that promote environmental sustainability while delivering superior performance for horticulture, erosion control and

Harris Williams Advises Profile Products on its Sale to New Mountain Capital, LLC

RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Owen Equipment Company (Owen), a portfolio company of CenterGate Capital (CenterGate), on its sale to Wynnchurch Capital, Ltd. (Wynnchurch). Owen is a leading specialty equipment platform providing critical infrastructure solutions to municipal, utility and commercial customers throughout the Western United States. The transaction was led by Luke Semple, Neha

Harris Williams Advises Owen Equipment Company on its Sale to Wynnchurch Capital, Ltd.

RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised BFG Supply (BFG), a portfolio company of Incline Equity Partners (Incline), on its sale to Pamplona Capital Management (Pamplona). BFG is a leading technology-enabled distributor to the green industry. The transaction was led by Brian Lucas, Graham Gillam, Pete Morgan and Michael Tuohey of the Harris Williams Specialty Distribution Group. “Through a distinct

Harris Williams Advises BFG Supply on its Sale to Pamplona Capital Management

PITTSBURGH, Nov. 9, 2021 /PRNewswire/ -- PNC Treasury Management today announced a new cash management application called, PINACLE® Cash Forecasting, which leverages artificial intelligence (AI) and machine learning (ML) technology to offer companies a glimpse into their financial future. The new application automates a tedious, error-prone task and seeks to provide treasurers with more time to actually use the cash forecast versus simply building it.

PNC Treasury Management Launches Artificial Intelligence, Machine Learning-Enabled Cash Forecasting Application

PITTSBURGH, Oct. 29, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc., (NYSE: PNC) appointed Bryan Salesky, CEO of Argo AI, LLC, to its board of directors, effective today. He has also been appointed to the board's Technology Subcommittee and its Special Committee on Equity & Inclusion.

PNC Appoints Bryan Salesky To Board Of Directors

PITTSBURGH, Oct. 29, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on Nov. 9, 2021 of all of the outstanding Senior Notes due Dec. 9, 2021 issued by PNC Bank, National Association in the amount of $750,000,000 (CUSIP 69353REY0). The securities have a distribution rate of 2.550% and an original scheduled maturity date of Dec. 9, 2021.

PNC Announces Redemption Of 2.550 Percent Senior Bank Notes Due December 9, 2021

RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Cosmic Pet, a portfolio company of Guardian Capital Partners (Guardian), on its sale to Platinum Equity. Cosmic Pet, a leading designer, marketer and distributor of pet products, including toys, beds, collars and leashes, treats, feeders and bowls, and other accessories, will be combined with Platinum Equity portfolio company Petmate. Petmate manufactures, so

Harris Williams Advises Cosmic Pet on its Sale to Platinum Equity

The bank can now begin to work on cost savings and is also seeing some good signs of renewed loan growth.

After Absorbing BBVA USA, PNC Is Well Positioned to Profit

Major banks including PNC, TFC, FITB, BK, CMA, & KEY surpass Q3 earnings estimates on robust fee income growth, a modest rise in loan demand, and reserve releases. An upbeat management outlook leads to bullish investor sentiments.

Bank Stock Roundup: PNC, TFC, FITB, BK, CMA & KEY in Focus on Q3 Earnings Beat

PITTSBURGH, Oct. 22, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Robert Q. Reilly, executive vice president and chief financial officer, will discuss business performance, strategy and banking at 10:30 a.m.

PNC Executive To Speak At BancAnalysts Association Of Boston Conference

Bank of America

Goldman Sachs

JPMorgan Chase & Co

United Community Banks

Think you know what might go on with the Fed and rates next year? Think again.

Tips on Where to Invest as Rates Rise

RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised BluSky Restoration Contractors, LLC (BluSky), a portfolio company of Dominus Capital, on its sale to Partners Group, a leading global private markets firm acting on behalf of its clients, and Kohlberg & Company, LLC (Kohlberg), a leading private equity firm. Partners Group and Kohlberg will be equal equity partners in BluSky following the transaction. Blu

Harris Williams Advises BluSky Restoration Contractors, LLC on its Sale to Partners Group and Kohlberg & Company, LLC

RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Agape Care Group (Agape Care), a portfolio company of The Vistria Group (Vistria), on its sale to Ridgemont Equity Partners (Ridgemont). Agape Care is a leader in hospice and palliative care in the Southeast. The transaction was led by James Clark, Taylor Will and Jonathan Ferrell of the Harris Williams Healthcare & Life Sciences (HCLS) Group. “The qualit

Harris Williams Advises Agape Care Group on its Sale to Ridgemont Equity Partners

PNC Financial Services Gr(NYSE:PNC) stock rose by 0.86% on Monday after the company reported its Q3 earnings results on Friday, October 15, 2021 at 06:45 AM. Here's what investors need to know about the announcement.

Recap: PNC Financial Services Q3 Earnings

RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised ESG Operations, Inc. (ESG) on its merger with Inframark LLC (Inframark), a leading independent provider of outsourced infrastructure services focused on operation and maintenance (O&M) of water and wastewater systems. ESG provides full-service operation, maintenance, management and consulting services to governmental and private sector entities, principal

Harris Williams Advises ESG Operations, Inc. on its Merger with Inframark LLC

PNC Financial's (PNC) Q3 results reflect the impacts of strong fee income growth and net interest income. Lower loans and deposit balances have been spoilsports.

PNC Financial (PNC) Q3 Earnings & Revenues Top Estimates

The PNC Financial Services Group, Inc. (PNC) CEO Bill Demchak on Q3 2021 Results - Earnings Call Transcript

Financial stocks have not disappointed in kicking off earnings and JB Hunt earnings provides new economic insights.

Goldman Sachs, PNC, And Truist Lead Another Group Of Financial Earnings Announcements

PITTSBURGH, Oct. 15, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the quarter In millions, except per share data and as noted 3Q21 2Q21 3Q20 Third Quarter Highlights ▪  Converted BBVA USA customers, employees, systems and branches as of October 12, 2021 – Third quarter results reflect full quarter benefit from BBVA USA – Second quarter results include one month impact of BBVA USA which closed on June 1, 2021 ▪  Diluted EPS as adjusted was $3.75, excluding $243 million of pre-tax integration costs related to BBVA USA ▪  Revenue increased 11% linked quarter driven by the full quarter benefit of BBVA USA and strong fee income growth ▪  Expenses increased 18% linked quarter. PNC legacy expenses increased 3% linked quarter, reflecting increased business activity ▪  Provision recapture of $203 million, reflecting improved credit quality and changes in portfolio composition ▪  Average loans and deposits increased 14% and 13%, respectively, linked quarter due to the full quarter benefit of BBVA USA ▪  Strong credit performance; net loan charge-offs of $81 million, decreased $225 million linked quarter Financial Results Revenue $ 5,197 $ 4,667 $ 4,281 Noninterest expense 3,587 3,050 2,531 Pretax, pre-provision earnings (non-GAAP) 1,610 1,617 1,750 Integration costs 243 111 — Pretax, pre-provision earnings excluding integration costs (non-GAAP) 1,853 1,728 — Provision for (recapture of) credit losses (203) 302 52 Net income 1,490 1,103 1,532 Per Common Share Diluted earnings - as reported $ 3.30 $ 2.43 $ 3.39 Impact from integration costs (non-GAAP) (0.45) (0.21) — Diluted earnings - as adjusted (non-GAAP) 3.75 2.64 — Book value 121.16 120.25 117.44 Tangible book value (non-GAAP) 94.82 93.83 95.71 Balance Sheet & Credit Quality Average loans (in billions) $ 291.3 $ 255.6 $ 253.1 Average deposits (in billions) 454.4 401.7 350.5 Net loan charge-offs 81 306 155 Allowance for credit losses to total loans 2.07 % 2.16 % 2.58 % Selected Ratios Return on average common equity 10.95 % 8.32 % 11.76 % Return on average assets 1.06 0.88 1.32 Net interest margin (non-GAAP) 2.27 2.29 2.39 Noninterest income to total revenue 45 45 42 Efficiency 69 65 59 Efficiency excluding integration costs (non-GAAP) 64 63 — Common Equity Tier 1 capital ratio 10.2 10.1 11.7 Diluted earnings as adjusted is a non-GAAP measure calculated by excluding post-tax integration costs for BBVA USA.

PNC Reports Third Quarter 2021 Net Income Of $1.5 Billion, $3.30 Diluted EPS Or $3.75 As Adjusted

RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces it is serving as lead financial advisor to Vantage Elevator Solutions (Vantage), a portfolio company of Golden Gate Capital, on its pending majority sale to Ontario Teachers' Pension Plan Board (Ontario Teachers'). As part of the transaction, Vantage's current owner, Golden Gate Capital, will retain a significant minority ownership stake in the company. Vantage is a lea

Harris Williams Advises Vantage Elevator Solutions on its Pending Majority Sale to Ontario Teachers' Pension Plan Board

The shares of PNC Financial Services Group, Inc. (NYSE: PNC) are down 0.7% at $201.80 at last check, cooling down from a recent Oct. 11, all-time high of $204.93.

PNC Stock Nabs Fresh All-Time High Ahead of Earnings

PITTSBURGH, Oct. 12, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced it has completed the conversion of 2.6 million customers, 9,000 employees and nearly 600 branches across seven states from BBVA USA to PNC Bank. Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/8967151-pnc-achieves-national-expansion-with-conversion-bbva-usa/ The simultaneous conversion of BBVA USA customers and employees to PNC's network and platforms was completed, and BBVA USA branches in Texas, Alabama, Arizona, California, Florida, Colorado and New Mexico reopened October 12, as PNC Bank locations.

PNC Achieves National Expansion With Conversion Of BBVA USA

PNC Financial's (PNC) Q3 earnings are likely to reflect the impact of the low-rate environment and decreased net interest income.

News for PNC Financial Services Stock (PNC)