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Net interest income

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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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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.

Outstanding Shares

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

Revenue Multiple

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 advised Worldwide Express, LLC (Worldwide Express), a portfolio company of Ridgemont Equity Partners (Ridgemont), on its sale to CVC Capital Partners (CVC). Worldwide Express is a leading provider of third-party logistics (3PL) services. CVC will merge Worldwide Express with GlobalTranz Enterprises, LLC (GlobalTranz), another leading non-asset based provider of 3PL s

Harris Williams Advises Worldwide Express, LLC on its Sale to CVC Capital Partners

RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces it is advising Pamplona Capital Management (Pamplona) on its pending sale of BakeMark USA, LLC (BakeMark) to Clearlake Capital Group, L.P. (Clearlake). BakeMark is a category leader in the baking industry, with quality products, quick delivery and strong R&D capabilities. The transaction is being led by Tim Alexander, Brant Cash, Andy Warczak and David Stead of the

Harris Williams Advises Pamplona Capital Management on its Pending Sale of BakeMark USA, LLC to Clearlake Capital Group, L.P.

PITTSBURGH, July 22, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on Aug. 4, 2021 of all of the outstanding Senior Notes due Sept. 3, 2021 issued by PNC in the amount of $500,000,000 (CUSIP 693475AU9).

PNC Announces Redemption Of 3.250 Percent Senior Notes Due September 3, 2021

PNC reported better than expected second quarter results, but didn't beat on the lines (net interest income margin, loans) where investors were really hoping to see upside. High cash balances among corporate clients is limiting loan demand, but spreads and loan demand should improve later in 2021 and into 2022, creating more growth and operating leverage momentum.

PNC Financial's Core Operations Still Under Some Pressure, But The Future Is Bright

Wells Fargo

Bank of America

Citigroup

JPMorgan Chase & Co

Truist Financial

Q2 earnings begin on a positive note with major banks like JPMorgan (JPM), BofA (BAC), Citi (C), Wells Fargo (WFC), PNC Financial (PNC) & Truist (TFC) outpacing estimates, mainly driven by reserve releases and decent fee income performance.

Bank Stock Roundup: JPM, WFC, BAC, C, TFC & PNC in Focus as Q2 Earnings Start

The PNC Financial Services Group, Inc (PNC) delivered earnings and revenue surprises of 42.41% and 5.59%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

The PNC Financial Services Group, Inc (PNC) Q2 Earnings and Revenues Top Estimates

The PNC Financial Services Group, Inc. (PNC) CEO Bill Demchak on Q2 2021 Results - Earnings Call Transcript

Shares of PNC Financial Services Gr (NYSE:PNC) decreased 0.5% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share were up 336.84% over the past year to $4.50, which beat the estimate of $3.12.

Recap: PNC Financial Services Q2 Earnings

PITTSBURGH, July 14, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the quarter In millions, except per share data and as noted 2Q21 1Q21 2Q20 Second Quarter Highlights   ▪  Closed the acquisition of BBVA USA on June 1, 2021 ▪  Second quarter results include one month impact of BBVA USA ▪  Adjusted EPS was $4.50, excluding the initial provision for credit losses and integration costs related to BBVA USA ▪  Revenue increased 11% linked quarter driven by the BBVA USA acquisition and strong PNC legacy noninterest income growth ▪  Expenses increased 18% linked quarter including integration expenses, increased business activity and litigation reserves ▪  Provision for credit losses was $302 million, as a provision recapture of $704 million was more than offset by a $1.0 billion initial provision for BBVA USA ▪  Total loans and deposits increased 24% and 21%, respectively, linked quarter due to the BBVA USA acquisition ▪  Solid credit performance; acquired net loan charge-offs of  $248 million were primarily due to purchase accounting       Financial Results Revenue $ 4,667 $ 4,220 $ 4,076 Noninterest expense 3,050 2,574 2,515 Pretax, pre-provision earnings (non-GAAP) 1,617 1,646 1,561 Provision for (recapture of) credit losses 302 (551) 2,463 Net income (loss) from continuing operations 1,103 1,826 (744) Per Common Share Diluted earnings (loss) from continuing operations - as reported $ 2.43 $ 4.10 $ (1.90) Diluted earnings (loss) from continuing operations - as adjusted (non-GAAP) 4.50 NA NA Book value 120.25 118.47 115.26 Tangible book value (non-GAAP) 93.83 96.57 93.54 Balance Sheet & Credit Quality Total loans (in billions) $ 294.7 $ 237.0 $ 258.2 Total deposits (in billions) 452.9 375.1 346.0 PNC legacy net loan charge-offs 58 146 236 Acquired net loan charge-offs 248 NA NA Allowance for credit losses to total loans 2.16 % 2.20 % 2.55 % Selected Ratios Return on average common equity 8.32 % 14.31 % 30.11 % Return on average assets 0.88 1.58 3.21 Net interest margin (non-GAAP) 2.29 2.27 2.52 Noninterest income to total revenue 45 44 38 Efficiency 65 61 62 Common Equity Tier 1 capital ratio 10.0 12.6 11.3 Adjusted EPS is a non-GAAP measure calculated by excluding the initial provision for credit losses for BBVA USA recorded on June 1, 2021 and integration costs. See this and other non-GAAP financial measures in the consolidated financial highlights accompanying this news release.

PNC Reports Second Quarter 2021 Net Income Of $1.1 Billion, $2.43 Diluted EPS

While lower borrowing and deposit costs are likely to have supported net interest income growth, lower origination activity is anticipated to have hurt PNC Financial's (PNC) Q2 mortgage banking fees.

What's in the Cards for PNC Financial's (PNC) Q2 Earnings?

PNC Financial Services Gr (NYSE:PNC) announces its next round of earnings this Wednesday, July 14. Here is Benzinga's look at PNC Financial Services Gr's Q2 earnings report.

Preview: PNC Financial Services Gr's Earnings

PITTSBURGH, July 9, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on July 22, 2021, of the following Senior Notes issued by PNC Bank, National Association: All outstanding Senior Fixed Rate/Floating Rate Notes due July 22, 2022, in the amount of $600,000,000 (CUSIP 69353RFP8). The securities have a distribution rate of 2.232% and an original scheduled maturity date of July 22, 2022.

PNC Announces Redemption Of Senior Notes Due July 22, 2022

RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces it is advising Neighborly, a portfolio company of funds managed by Harvest Partners, LP (Harvest Partners), on its pending sale to KKR. Neighborly is the premier residential service provider focused on providing all the services that consumers need to repair, maintain and enhance their property. The transaction is being led by John Neuner, Brent Spiller, Trey Shehan, an

Harris Williams Advises Neighborly on its Pending Sale to KKR

Glacier Bancorp

Jefferies Financial Group Inc

Essential Utilities

This weekly article series covers dividend changes. A summary table presents relevant data and key statistics of dividend increases.

Dividend Increases: June 26-July 2, 2021

RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised SBS Services Holdings, LLC (doing business as Tachyon Communication Services; Tachyon), a portfolio company of MSouth Equity Partners (MSouth), on its merger with NEN Holdings, LLC (doing business as NextEdge Networks and Modus; NextEdge), a portfolio company of Bow River Capital (Bow River). Tachyon is a leading provider of wireless and wireline infrastructu

Harris Williams Advises Tachyon Communication Services on its Sale to NextEdge, a Bow River Capital Portfolio Company

Following its strong stress test results, PNC Financial cheers investors with a 9% hike in its quarterly dividends.

PNC Financial (PNC) Announces Dividend Hike: Is it Sustainable?

PITTSBURGH, July 1, 2021 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.25 per share, an increase of $0.10 per share, or 9%, from the second quarter dividend of $1.15 per share. The dividend will be payable Aug. 5, 2021, to shareholders of record at the close of business July 16, 2021.

PNC Raises Common Dividend To $1.25 Per Share

RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised ArchKey Solutions (ArchKey), a portfolio company of funds managed by Oaktree Capital Management, L.P. (Oaktree), on its significant investment from an affiliate of One Rock Capital Partners, LLC (One Rock). ArchKey is a premier electrical and technologies contracting and services provider. The transaction was led by Drew Spitzer, Matt White, Neha Shah, Marsha

Harris Williams Advises ArchKey Solutions on its Significant Investment from One Rock Capital Partners

PITTSBURGH, June 28, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) last week received the results of the Federal Reserve's 2021 Comprehensive Capital Analysis and Review (CCAR). The results included the Federal Reserve's estimate of PNC's minimum capital ratios for the period from the first quarter of 2021, through the first quarter of 2023, under the Supervisory Severely Adverse Scenario.

PNC Announces Stress Capital Buffer And Planned Capital Actions

RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Artera Services, LLC (Artera), a portfolio company of Clayton, Dubilier & Rice (CD&R) and one of the nation's largest providers of integrated infrastructure services to natural gas and electric industries, on its acquisition of Feeney Utility Services Group (FUSG). The transaction was led by Drew Spitzer and Matt White of the Harris Williams Energy, P

Harris Williams Advises Artera Services, LLC on its Acquisition of Feeney Utility Services Group

After a terrific start to the year, large-cap bank stocks have pulled back over the last month, which could be a good time to get in.

Large-Cap Bank Stocks Have Fallen Over the Past Month. 3 Reasons to Buy the Dip

RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces it is advising JM Swank, a portfolio company of Platinum Equity, on its pending sale to Brenntag (XTRA:BNR). JM Swank is a leading U.S. food ingredient distributor with national reach. The transaction is being led by Tim Alexander, Brant Cash, Andy Warczak, Richard Furseth and Cam Cornwell of the Harris Williams Consumer Group. “JM Swank is widely recognized as a critic

Harris Williams Advises JM Swank on its Pending Sale to Brenntag

RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised an affiliate of H.I.G. Capital (H.I.G.) on its acquisition of CORA Health Holdings Corp. and its subsidiaries, doing business as CORA Physical Therapy (CORA). CORA is a leading operator of outpatient physical and occupational therapy clinics. The transaction was led by Andy Dixon of the Harris Williams Healthcare & Life Sciences (HCLS) Group. CORA is an o

Harris Williams Advises H.I.G. Capital on its Acquisition of CORA Physical Therapy

PNC isn't as levered to higher rates as some of its peers, but it has enough asset sensitivity to benefit, and the company's heavier exposure to commercial lending is positive. The Compass deal has already started outperforming expectations and the weaknesses at Compass (particularly relating to operating efficiency) are areas of particular strength for PNC.

PNC Financial Still Offers A Lot To Like As It Shifts To Recovery And Growth

PITTSBURGH, June 17, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the second quarter at approximately 6:45 a.m. (ET), Wednesday, July 14, 2021, as previously announced.

News for PNC Financial Services Stock (PNC)