The PNC Financial Services Group, Inc. (PNC) 10-Year Financial Performance & Capital Metrics

PNC • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutThe PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as certificates of deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services. This segment serves consumer and small business customers through a network of branches, ATMs, call centers, and online and mobile banking channels. Its Corporate & Institutional Banking segment provides secured and unsecured loans, letters of credit, and equipment leases; cash and investment management services, receivables and disbursement management services, funds transfer services, international payment services, and access to online/mobile information management and reporting; foreign exchange, derivatives, fixed income, securities underwriting, loan syndications, and mergers and acquisitions and equity capital markets advisory related services; and commercial loan servicing and technology solutions. It serves mid-sized and large corporations, and government and not-for-profit entities. The company's Asset Management Group segment offers investment and retirement planning, customized investment management, credit and cash management solutions, and trust management and administration services for high net worth and ultra high net worth individuals, and their families; and multi-generational family planning services for ultra high net worth individuals and their families. It also provides outsourced chief investment officer, custody, private real estate, cash and fixed income client solutions, and fiduciary retirement advisory services for institutional clients. The company has 2,591 branches and 9,502 ATMs. The company was founded in 1852 and is headquartered in Pittsburgh, Pennsylvania.Show more

Net Interest Income $13.5B -3.0%
Total Revenue $33.69B +5.6%
Net Income $5.89B +5.6%
Return on Equity 11.15% -3.1%
Net Interest Margin 2.41% -2.7%
Efficiency Ratio 37.9% -13.7%
ROA 1.05% +5.3%
Equity / Assets 9.73% +6.8%
Book Value per Share 136.17 +6.8%
Tangible BV/Share 99.57 +9.3%
Debt/Equity 1.13 -20.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Efficient operations: 37.9% efficiency ratio
✓14 consecutive years of dividend growth
✓Healthy dividend yield of 3.0%
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.61%

5Y10.3%

3Y19.59%

TTM-

Profit (Net Income) CAGR

10Y3.48%

5Y1.87%

3Y1.25%

TTM19.22%

EPS CAGR

10Y6.53%

5Y3.82%

3Y2.66%

TTM22.45%

ROCE

10Y Avg5.61%

5Y Avg5.95%

3Y Avg6.19%

Latest5.3%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.32B	30.11	54.75	0.1%	4.5%	4.02%	7.02%	0.70
EBCEastern Bankshares, Inc.	4.28B	19.04	28.85	91.64%	11.17%	1.3%	6.31%	0.01
LYGLloyds Banking Group plc	80.35B	5.47	21.88	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	25.74B	59.93	19.78	1.31%	12.22%	6.6%	7.3%	0.51
PFSProvident Financial Services, Inc.	2.59B	19.85	18.90	63.91%	10.13%	7.51%	16.39%	0.93
CBUCommunity Bank System, Inc.	3.23B	61.29	17.82	24.44%	19.4%	10.34%	6.86%	0.57
VLYValley National Bancorp	6.54B	11.73	17	6.51%	10.65%	6.53%	8.39%	0.50
INDBIndependent Bank Corp.	3.71B	74.81	16.55	6.89%	19.72%	7.76%	5.65%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	8.28B	8.39B	9.11B	9.72B	9.96B	9.95B	10.65B	13.01B	13.92B	13.5B
NII Growth %	-0.03%	0.01%	0.09%	0.07%	0.03%	-0%	0.07%	0.22%	0.07%	-0.03%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	9.32B	9.65B	10.81B	12.58B	13.76B	11.31B	11.13B	15.44B	24.31B	26.38B
Interest Expense	1.04B	1.26B	1.71B	2.86B	3.8B	1.36B	487M	2.42B	10.39B	12.88B
Loan Loss Provision	255M	433M	441M	408M	773M	3.17B	-779M	471M	761M	797M
Non-Interest Income+	6.95B	6.77B	7.22B	6.47B	6.87B	6.96B	8.56B	8.1B	7.59B	7.31B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	16.27B	16.42B	18.04B	19.05B	20.64B	18.26B	19.7B	23.54B	31.9B	33.69B
Revenue Growth %	0.01%	0.01%	0.1%	0.06%	0.08%	-0.12%	0.08%	0.19%	0.36%	0.06%
Non-Interest Expense	9.46B	9.48B	10.4B	10.3B	10.57B	10.3B	13B	13.17B	14.01B	12.77B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	5.51B	5.25B	5.49B	5.49B	5.49B	3.43B	6.99B	7.47B	6.74B	7.24B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.02%	-0.05%	0.05%	-0%	0%	-0.38%	1.04%	0.07%	-0.1%	0.08%
Pretax Income+	5.51B	5.25B	5.49B	5.49B	5.49B	3.43B	6.99B	7.47B	6.74B	7.24B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	1.36B	1.27B	102M	928M	901M	426M	1.26B	1.36B	1.09B	1.29B
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	4.11B	3.9B	5.34B	5.3B	5.37B	7.52B	5.67B	6.04B	5.58B	5.89B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.02%	-0.05%	0.37%	-0.01%	0.01%	0.4%	-0.25%	0.06%	-0.08%	0.06%
Net Income (Continuing)	4.14B	3.98B	5.39B	4.56B	4.59B	3B	5.72B	6.11B	5.65B	5.95B
EPS (Diluted)+	7.39	7.30	10.36	10.71	11.39	6.36	12.70	13.85	12.79	13.74
EPS Growth %	0.01%	-0.01%	0.42%	0.03%	0.06%	-0.44%	1%	0.09%	-0.08%	0.07%
EPS (Basic)	7.52	7.42	10.49	10.79	11.43	6.36	12.71	13.86	12.80	13.76
Diluted Shares Outstanding	521M	500M	486M	470M	448M	427M	426M	412M	401M	400M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	34.61B	30.59B	33.84B	16.5B	28.47B	92.19B	82.25B	34.36B	50.73B	46.25B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	279.3B	291.38B	301.31B	313.99B	333.83B	331.14B	424.46B	463.66B	451.87B	455.47B
Investments Growth %	0.05%	0.04%	0.03%	0.04%	0.06%	-0.01%	0.28%	0.09%	-0.03%	0.01%
Long-Term Investments	223.54B	231.27B	243.69B	250.6B	264.67B	243.78B	292.92B	419.5B	410.09B	446.08B
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	9.1B	9.1B	9.17B	9.22B	9.23B	9.23B	10.92B	10.99B	10.93B	10.93B
Intangible Assets	1.59B	1.76B	1.83B	1.98B	1.64B	1.24B	1.82B	3.42B	3.69B	3.71B
PP&E (Net)	0	0	0	0	0	1.88B	1.92B	0	0	0
Other Assets	26.46B	26.01B	26.71B	33.36B	30.01B	24.74B	29.79B	38.42B	37.9B	36.98B
Total Current Assets	97.8B	98.24B	99.36B	87.16B	104.75B	185.81B	219.83B	84.93B	98.97B	62.33B
Total Non-Current Assets	260.69B	268.14B	281.41B	295.16B	305.55B	280.87B	337.36B	472.34B	462.61B	497.71B
Total Assets+	358.49B	366.38B	380.77B	382.31B	410.3B	466.68B	557.19B	557.26B	561.58B	560.04B
Asset Growth %	0.04%	0.02%	0.04%	0%	0.07%	0.14%	0.19%	0%	0.01%	-0%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	56.57B	53.01B	59.38B	57.7B	60.58B	39.29B	33B	58.71B	72.74B	61.67B
Net Debt	21.96B	22.42B	25.54B	41.2B	32.11B	-52.9B	-49.25B	24.35B	22.01B	15.42B
Long-Term Debt	54.53B	52.71B	59.09B	57.42B	60.26B	37.2B	30.78B	58.71B	72.74B	61.67B
Short-Term Debt	2.04B	301M	297M	285M	318M	0	0	0	0	0
Other Liabilities	-1.14B	895M	0	0	0	-1.51B	-1.56B	694M	16.28B	17.16B
Total Current Liabilities	259.12B	265.93B	274.1B	277.13B	300.69B	374.86B	470.02B	452.04B	421.42B	426.74B
Total Non-Current Liabilities	53.4B	53.6B	59.09B	57.42B	60.26B	37.78B	31.45B	59.41B	89.02B	78.83B
Total Liabilities	312.51B	319.53B	333.18B	334.55B	360.95B	412.64B	501.46B	511.45B	510.44B	505.57B
Total Equity+	45.98B	46.85B	47.59B	47.77B	49.34B	54.04B	55.73B	45.81B	51.14B	54.47B
Equity Growth %	-0%	0.02%	0.02%	0%	0.03%	0.1%	0.03%	-0.18%	0.12%	0.07%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.09%	0.08%	0.11%	0.11%	0.11%	0.15%	0.1%	0.12%	0.12%	0.11%
Book Value per Share	88.25	93.71	97.91	101.64	110.14	126.56	130.81	111.19	127.53	136.17
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	2.71B	2.71B	2.71B	2.71B	2.71B	2.71B	2.71B	2.71B	2.72B	2.72B
Additional Paid-in Capital	16.2B	16.65B	16.37B	16.28B	16.37B	15.88B	17.46B	18.38B	19.02B	18.71B
Retained Earnings	29.04B	31.67B	35.48B	38.92B	42.22B	46.85B	50.23B	53.57B	56.29B	59.28B
Accumulated OCI	130M	-265M	-148M	-725M	799M	2.77B	409M	-10.17B	-7.71B	-6.57B
Treasury Stock	-3.37B	-5.07B	-6.9B	-9.45B	-12.78B	-14.21B	-15.11B	-18.72B	-19.21B	-19.72B
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	5.53B	3.5B	5.58B	7.84B	7.36B	4.66B	7.21B	9.08B	10.11B	7.88B
Operating CF Growth %	-0.01%	-0.37%	0.59%	0.41%	-0.06%	-0.37%	0.55%	0.26%	0.11%	-0.22%
Net Income	4.14B	3.98B	5.39B	5.35B	5.42B	7.56B	5.72B	6.11B	5.65B	5.95B
Depreciation & Amortization	1.09B	1.19B	1.12B	1.13B	1.31B	1.5B	1.77B	651M	217M	259M
Deferred Taxes	404M	326M	-403M	133M	303M	-2.24B	178M	351M	-252M	-30M
Other Non-Cash Items	-486M	190M	377M	87M	546M	-1.56B	-952M	772M	2.24B	2.29B
Working Capital Changes	376M	-2.19B	-900M	1.15B	-219M	-596M	490M	1.2B	2.26B	-587M
Cash from Investing+	-16.26B	-7.31B	-14.89B	-3.97B	-24.99B	-51.12B	-2.79B	-60.36B	10.11B	-3.23B
Purchase of Investments	-31.26B	-23.8B	-19.21B	-26.79B	-25.49B	-45.41B	-85.58B	-41.01B	-5.66B	-32.11B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	-1.34B	0	75M	14.22B	-10.51B	0	0	0
Other Investing	-1.67B	-1.23B	-13.67B	3.48B	-22.65B	-64.75B	36.15B	-41.93B	1.81B	2.29B
Cash from Financing+	10.44B	4.62B	9.69B	-3.51B	17.08B	48.42B	-3.43B	3.38B	-3.85B	-9.12B
Dividends Paid	-1.26B	-1.27B	-1.5B	-1.84B	-2.13B	-2.21B	-2.29B	-2.69B	-2.88B	-2.89B
Share Repurchases	-2.65B	-2.06B	-2.45B	-2.88B	-3.58B	-1.62B	-1.08B	-5.23B	-1.65B	-1.19B
Stock Issued	139M	151M	132M	69M	90M	65M	66M	2.29B	1.56B	69M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	-1000K	1000K	-1000K	-1000K	-1000K	-1000K	1000K	1000K	-1000K
Other Financing	14.84B	8.6B	6.84B	3.07B	24.98B	70.94B	6.33B	-20.97B	-14.49B	5.23B
Net Change in Cash+	-295M	814M	370M	359M	-547M	1.96B	987M	-47.89B	16.36B	-4.47B
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	4.36B	4.07B	4.88B	5.25B	5.61B	5.06B	7.02B	82.25B	34.36B	50.73B
Cash at End	4.07B	4.88B	5.25B	5.61B	5.06B	7.02B	8B	34.36B	50.73B	46.25B
Interest Paid	1B	1.32B	1.74B	2.83B	3.74B	1.29B	582M	2.17B	9.45B	13.05B
Income Taxes Paid	919M	658M	72M	372M	430M	3.41B	675M	197M	997M	434M
Free Cash Flow+	5.53B	3.5B	5.58B	7.84B	7.36B	4.66B	7.21B	9.08B	10.11B	7.88B
FCF Growth %	-0.01%	-0.37%	0.59%	0.41%	-0.06%	-0.37%	0.55%	0.26%	0.11%	-0.22%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.92%	8.41%	11.3%	11.12%	11.06%	14.54%	10.34%	11.9%	11.51%	11.15%
Return on Assets (ROA)	1.17%	1.08%	1.43%	1.39%	1.35%	1.71%	1.11%	1.08%	1%	1.05%
Net Interest Margin	2.31%	2.29%	2.39%	2.54%	2.43%	2.13%	1.91%	2.34%	2.48%	2.41%
Efficiency Ratio	58.16%	57.7%	57.65%	54.04%	51.24%	56.38%	66.01%	55.96%	43.92%	37.9%
Equity / Assets	12.83%	12.79%	12.5%	12.49%	12.03%	11.58%	10%	8.22%	9.11%	9.73%
Book Value / Share	88.25	93.71	97.91	101.64	110.14	126.56	130.81	111.19	127.53	136.17
NII Growth	-2.9%	1.37%	8.54%	6.73%	2.51%	-0.19%	7.05%	22.23%	6.93%	-3%
Dividend Payout	25.28%	27.18%	23.72%	30.2%	35.3%	26.34%	36.24%	39.58%	44.12%	43.08%

Revenue by Segment

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
Retail Banking 1	-	-	-	-	7.75B	8.17B	8.13B	9B	10.51B	12.93B
Retail Banking 1 Growth	-	-	-	-	-	5.39%	-0.49%	10.75%	16.72%	23.01%
Corporate & Institutional Banking	23M	24M	-	5.67B	5.96B	6.17B	7.06B	8.31B	8.8B	9.27B
Corporate & Institutional Banking Growth	-	4.35%	-	-	5.12%	3.64%	14.37%	17.67%	5.91%	5.33%
Asset Management Group	11M	9M	-	1.17B	1.18B	1.28B	1.21B	1.46B	1.54B	1.45B
Asset Management Group Growth	-	-18.18%	-	-	0.94%	8.48%	-5.32%	20.81%	5.54%	-5.96%
Others	-	-	-	1.55B	1.31B	1.21B	-	-	-	-
Others Growth	-	-	-	-	-15.69%	-7.93%	-	-	-	-
BlackRock 1	-	-	-	-	935M	999M	-	-	-	-
BlackRock 1 Growth	-	-	-	-	-	6.84%	-	-	-	-
Retail Banking	2M	1M	-	6.86B	-	-	-	-	-	-
Retail Banking Growth	-	-50.00%	-	-	-	-	-	-	-	-
BlackRock	16M	15M	-	1.08B	-	-	-	-	-	-
BlackRock Growth	-	-6.25%	-	-	-	-	-	-	-	-
Parent Company	-	-	3.14B	-	-	-	-	-	-	-
Parent Company Growth	-	-	-	-	-	-	-	-	-	-
Residential Mortgage Banking	17M	20M	-	-	-	-	-	-	-	-
Residential Mortgage Banking Growth	-	17.65%	-	-	-	-	-	-	-	-
Non Strategic Assets	-10M	-8M	-	-	-	-	-	-	-	-
Non Strategic Assets Growth	-	20.00%	-	-	-	-	-	-	-	-
All Others	-59M	-61M	-	-	-	-	-	-	-	-
All Others Growth	-	-3.39%	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

The PNC Financial Services Group, Inc. (PNC) has a price-to-earnings (P/E) ratio of 15.5x. This is roughly in line with market averages.

Growth & Financials

The PNC Financial Services Group, Inc. (PNC) grew revenue by 5.6% over the past year. This is steady growth.

Yes, The PNC Financial Services Group, Inc. (PNC) is profitable, generating $6.21B in net income for fiscal year 2024 (17.5% net margin).

Dividend & Returns

Yes, The PNC Financial Services Group, Inc. (PNC) pays a dividend with a yield of 2.99%. This makes it attractive for income-focused investors.

The PNC Financial Services Group, Inc. (PNC) has a return on equity (ROE) of 11.2%. This is reasonable for most industries.

Industry Metrics

The PNC Financial Services Group, Inc. (PNC) has a net interest margin (NIM) of 2.4%. NIM has been under pressure due to interest rate environment.

The PNC Financial Services Group, Inc. (PNC) has an efficiency ratio of 37.9%. This is excellent, indicating strong cost control.

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