PNC Financial Services Group Inc (N:PNC)
Business Focus: Banks
| 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 |
| 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: | $88,606M 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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