PNC Financial Services Group Inc (N:PNC)

Sector:  Financials Industry:  Banks
See Regulatory Filings on SEC
Company Contact
Address: 300 5th Ave
PITTSBURGH PA 15222-2401
Tel: 1-800-8432206
IR: See website
Key People
William S. Demchak
Chairman of the Board, President, Chief Executive Officer
Michael P. Lyons
Executive Vice President, Head of Corporate & Institutional Banking, Head of Asset Management Group
Robert Q. Reilly
Chief Financial Officer, Executive Vice President
E. William Parsley
Chief Operating Officer, Executive Vice President
Vicki C. Henn
Chief Human Resource Officer, Executive Vice President
Gregory B. Jordan
Executive Vice President, Chief Administrative Officer, General Counsel
Joseph E. Rockey
Executive Vice President, Chief Risk Officer
Michael J. Hannon
Executive Vice President, Chief Credit Officer
Stacy M. Juchno
Executive Vice President, General Auditor
Karen L. Larrimer
Executive Vice President, Chief Customer Officer, Head - Retail Banking
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. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. Retail Banking provides deposit, lending, brokerage, investment management and cash management products and services. Corporate & Institutional Banking provides lending, treasury management and capital markets-related products and services. Asset Management Group includes personal wealth management for high net worth and ultra-high net worth clients and institutional asset management. BlackRock, in which the Company holds an equity investment, is a publicly traded investment management firm providing investment and risk management services to institutional and retail clients across the world.
Financial Overview
For the nine months ended 30 September 2019, PNC Financial Services Group Inc interest income increased 13% to $10.42B. Net interest income after loan loss provision remained flat at $7.04B. Net income applicable to common stockholders increased 1% to $3.8B. Net interest income after loan loss provision reflects Retail Banking segment increase of 6% to $3.76B, also reflect Other segment decrease of 22% to $487M.
Employees: 50,928 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $100,261M as of Sep 30, 2019
Annual revenue (TTM): $13,767M as of Sep 30, 2019
EBITDA (TTM): $9,379M as of Sep 30, 2019
Net annual income (TTM): $5,079M as of Sep 30, 2019
Free cash flow (TTM): $4,321M as of Sep 30, 2019
Net Debt Last Fiscal Year: $33,782M as of Sep 30, 2019
Shares outstanding: 438,170,412 as of Oct 17, 2019
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization