PNC Financial Services Group Inc (N:PNC)

Sector:  Financials Industry:  Banks
See Regulatory Filings on SEC
Company Contact
Address: The Tower At Pnc Plaza, 300 Fifth Avenue
PITTSBURGH PA 15222-2401
Tel: 1-412-7628258
IR: See website
Key People
William S. Demchak
Chairman of the Board, President, Chief Executive Officer
Deborah Guild
Executive Vice President, Chief Information Security Officer, Head of Enterprise Technology
Robert Q. Reilly
Chief Financial Officer, Executive Vice President
E. William Parsley
Chief Operating Officer, Executive Vice President
Vicki C. Henn
Chief Human Resources Officer, Executive Vice President
Gregory B. Jordan
Executive Vice President, Chief Administrative Officer, General Counsel, Head of Regulatory and Government Affairs
Ganesh Krishnan
Executive Vice President, Enterprise Chief Information Officer
Kieran J. Fallon
Executive Vice President, Chief Risk Officer
Carole Lynnette Brown
Executive Vice President, Head of Asset Management Group
Richard Kevin Bynum
Executive Vice President, Chief Corporate Responsibility Officer
Business Overview
The PNC Financial Services Group, Inc. is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking, and asset management. Its retail branch network is located coast-to-coast. The Company's segments include Retail Banking, Corporate & Institutional Banking and Asset Management Group. The Company's Retail Banking segment provides deposit, lending, brokerage, insurance services, investment management and cash management products and services to consumer and small business customers. The Corporate & Institutional Banking segment provides lending, treasury management, capital markets and advisory products and services to mid-sized and large corporations, and government and not-for-profit entities. The Company's Asset Management Group segment provides private banking for high net worth and ultra-high net worth clients and institutional asset management. Its bank subsidiary is PNC Bank.
Financial Overview
For the fiscal year ended 31 December 2022, PNC Financial Services Group Inc interest income increased 39% to $15.44B. Net interest income after loan loss provision increased 10% to $12.54B. Net income applicable to common stockholders increased 6% to $5.71B. Net interest income after loan loss provision reflects Retail Banking segment increase of 15% to $7.28B, Asset Management Group segment increase of 20% to $580M, Net Interest Margin.
Employees: 59,894 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $70,367M as of Dec 31, 2022
Annual revenue (TTM): $15,436M as of Dec 31, 2022
EBITDA (TTM): $9,334M as of Dec 31, 2022
Net annual income (TTM): $5,708M as of Dec 31, 2022
Free cash flow (TTM): $6,391M as of Dec 31, 2022
Net Debt Last Fiscal Year: $19,595M as of Dec 31, 2022
Shares outstanding: 399,682,159 as of Feb 3, 2023
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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