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, 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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