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
Website: https://www.pnc.com
IR: See website
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Key People
William S. Demchak
Chairman of the Board, Chief Executive Officer
Richard Kevin Bynum
Executive Vice President, Chief Corporate Responsibility Officer
Michael P. Lyons
President and Head of Corporate and Institutional Banking
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
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
   
Business Overview
The PNC Financial Services Group, Inc. is a diversified financial company. The Company is engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management, providing many of its products and services nationally. The Company's retail branch network is located coast-to-coast. The Company has three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group. Retail Banking provides deposit, lending, brokerage, insurance services, investment management and cash management products and services to consumer and small business customers. Corporate & Institutional Banking provides lending, treasury management, capital markets and advisory products and services to mid-sized and large corporations and government and not-for-profit entities. Asset Management Group provides private banking for high net worth and ultra-high net worth clients and institutional asset management. The Company's bank subsidiary is PNC Bank.
Financial Overview
For the three months ended 31 March 2024, PNC Financial Services Group Inc interest income increased 15% to $6.5B. Net interest income after loan loss provision decreased 7% to $3.11B. Net income applicable to common stockholders decreased 22% to $1.24B. Net interest income after loan loss provision reflects Retail Banking segment decrease from $2.04B to $0K, Net Interest Margin, Total -% decrease of 10% to 2.57%, Net Interest Spread.
Employees: 54,441 as of Mar 31, 2024
Reporting Currency: U.S. Dollars
Enterprise value: $92,510M as of Mar 31, 2024
Annual revenue (TTM): $25,149M as of Mar 31, 2024
EBITDA (TTM): $8,506M as of Mar 31, 2024
Net annual income (TTM): $4,767M as of Mar 31, 2024
Free cash flow (TTM): N/A
Net Debt Last Fiscal Year: $29,774M as of Mar 31, 2024
Shares outstanding: 398,047,306 as of Mar 31, 2024
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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