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The PNC Financial Services Group

OverviewSuggest Edit

The PNC Financial Services Group is a diversified financial services organization providing retail and business banking, residential mortgage banking, specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending, wealth management, and asset management. The company also offers investment and risk management services to institutional and retail clients.

TypePublic
Founded1852
HQPittsburgh, PA, USMap
Websitepnc.com
Employee Ratings3.7More
Overall CultureC+More
View Jobs (3,716)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)50,017(-1%)
Job Openings3,716
Revenue (FY, 2020)$16.9 B(-5%)
Share Price (Sept 2021)$191.7
Cybersecurity ratingAMore

Key People/Management at The PNC Financial Services Group

William Demchak

William Demchak

Chairman, President & Chief Executive Officer
Vicki Henn

Vicki Henn

Chief Human Resources Officer
Gregory Jordan

Gregory Jordan

General Counsel & Chief Administrative Officer
Stacy Juchno

Stacy Juchno

General Auditor
E. William Parsley

E. William Parsley

Chief Operating Officer
Richard K. Bynum

Richard K. Bynum

EVP & Chief Corporate Responsibility Officer
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The PNC Financial Services Group Office Locations

The PNC Financial Services Group has offices in Pittsburgh, Akron, Annapolis, Ann Arbor and in 71 other locations
Pittsburgh, PA, US (HQ)
300 Fifth Ave
Akron, OH, US
1 Cascade Plaza
Ann Arbor, MI, US
101 S Main St 2nd Floor
Annapolis, MD, US
1824 George Ave
Atlanta, GA, US
3344 Peachtree Rd NE #2100
Baltimore, MD, US
One E Pratt St Suite 902
Show all (77)

The PNC Financial Services Group Financials and Metrics

The PNC Financial Services Group Revenue

The PNC Financial Services Group's revenue was reported to be $16.9 b in FY, 2020
USD

Revenue (Q1, 2021)

4.2b

Net income (Q1, 2021)

1.8b

EBIT (Q1, 2021)

1.8b

Market capitalization (8-Sept-2021)

81.5b

Closing stock price (8-Sept-2021)

191.7

Cash (31-Mar-2021)

6.7b

EV

107.8b
The PNC Financial Services Group's current market capitalization is $81.5 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

16.3b17.1b17.8b16.9b

Revenue growth, %

(1%)5%4%

Sales and marketing expense

244.0m285.0m301.0m236.0m

General and administrative expense

7.2b7.4b7.7b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

4.1b4.3b4.4b4.3b4.4b4.5b4.5b4.1b4.3b4.2b

Sales and marketing expense

55.0m75.0m71.0m65.0m83.0m76.0m58.0m47.0m67.0m45.0m

General and administrative expense

1.8b1.8b1.9b1.9b1.9b1.9b1.9b1.9b1.9b

Operating expense total

2.5b2.6b2.6b2.6b2.6b2.6b2.5b2.5b2.5b589.0m
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Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

5.2b5.6b5.1b6.6b

Accounts Receivable

220.5b226.2b239.8b

PP&E

7.7b

Goodwill

9.2b9.2b9.2b9.2b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

4.6b5.4b5.2b5.1b5.4b5.7b7.2b6.0b6.3b6.7b

Accounts Receivable

221.6b222.9b223.1b232.3b237.2b237.4b264.6b258.2b249.3b

Goodwill

9.2b9.2b9.2b9.2b9.2b9.2b9.2b9.2b9.2b9.3b

Total Assets

379.2b380.7b380.1b392.8b405.8b408.9b445.5b459.0b461.8b474.4b
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Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

5.4b5.3b5.4b7.6b

Depreciation and Amortization

1.1b1.1b1.3b1.5b

Accounts Payable

8.0b2.7b20.7b

Cash From Operating Activities

5.7b7.8b7.4b4.7b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

1.2b2.6b4.0b1.3b2.6b4.0b915.0m4.6b6.1b1.8b

Depreciation and Amortization

280.0m567.0m839.0m272.0m579.0m904.0m328.0m712.0m944.0m234.0m

Accounts Payable

(471.0m)(213.0m)(155.0m)3.4b5.5b17.8b16.7b57.5b66.5b

Cash From Operating Activities

2.9b4.5b5.7b1.4b3.6b4.2b(696.0m)2.3b2.7b780.0m
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USDFY, 2017

Revenue/Employee

324.3k

Debt/Equity

1.2 x

Debt/Assets

0.2 x

Financial Leverage

8 x
Show all financial metrics

The PNC Financial Services Group Operating Metrics

The PNC Financial Services Group's Total Loans was reported to be $235b in FY, 2019. The PNC Financial Services Group's Assets Under Management was reported to be $154b in FY, 2019.
FY, 2017FY, 2018FY, 2019

ATMs

9.05 k9.16 k9.09 k

Assets Under Management

$151 b$148 b$154 b

Bank Branches

2.46 k2.37 k2.3 k

Total Loans

$220.46 b$226.25 b$235.02 b
Show all operating metrics

The PNC Financial Services Group Acquisitions / Subsidiaries

Company NameDateDeal Size
BBVA USANovember 16, 2020$11.6 b
Ambassador Financial GroupJanuary 14, 2019
Fortis AdvisorsDecember 20, 2017
National City CorporationOctober 24, 2008
Sterling Financial CorporationApril 04, 2008
Yardville National BancorpOctober 26, 2007
Mercantile Bankshare CorporationMarch 02, 2007
Riggs BankJuly 16, 2004
United National BancorpAugust 21, 2003
PNC Bancorp
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The PNC Financial Services Group Revenue Breakdown

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The PNC Financial Services Group revenue breakdown by business segment: 5.6% from BlackRock, 7.2% from Asset Management Group, 34.6% from Corporate & Institutional Banking, 45.8% from Retail Banking and 6.8% from Other

Human Capital Metrics

Source: www.pnc.com, www.pnc.com, www.pnc.com
Embed Graph
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The PNC Financial Services Group Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

Learn more about our premium products
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The PNC Financial Services Group Online and Social Media Presence

The PNC Financial Services Group's Trends

Embed Graph

The PNC Financial Services Group Company Culture

  • Overall Culture

    C+

    67/100

  • CEO Rating

    A

    77/100

  • Compensation

    C

    62/100

  • Diversity

    C-

    61/100

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The PNC Financial Services Group News and Updates

June 16, 2021

The PNC Financial Services Group Provides Fourth Quarter 2021 And Quarterly 2022 Earnings Release Dates

PITTSBURGH, June 16, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that it expects to issue quarterly earnings releases pre-market open and hold conference calls at the times indicated on the following dates: Fourth Quarter 2021 – Tuesday, Jan....
January 08, 2021

Empowerment & Inclusion Capital I Corp., the First Purpose-Driven SPAC Focused on Acquiring a Diverse or Inclusive Business, Sponsored by The PNC Financial Services Group, Inc. and Jefferies Financial Group Inc., Announces Pricing of Upsized $240 Million Initial Public Offering

NEW YORK, Jan. 7, 2021 /PRNewswire/ -- Empowerment & Inclusion Capital I Corp. (NYSE: EPWR.U) (the "Company") announced today the pricing of its upsized initial public offering of 24,000,000 units at a price of $10.00 per unit. The Company is a special-purpose acquisition company with the...
December 10, 2020

The PNC Financial Services Group Announces Fourth Quarter And Full Year Earnings Conference Call Details

PITTSBURGH, Dec. 10, 2020 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the fourth quarter and full year 2020 at approximately 6:45 a.m. (ET), Friday, Jan. 15, 2021, as previously announced. PNC Chairman, President and Chief...
June 03, 2020

The PNC Financial Services Group Provides Quarterly Earnings Release Dates For 2021

PITTSBURGH, June 3, 2020 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that it expects to issue quarterly earnings releases pre-market open and hold conference calls at the times indicated on the following dates: Fourth Quarter 2020 – Friday, Jan. 15,...
September 13, 2019

The PNC Financial Services Group Announces Third Quarter Earnings Conference Call Details

PITTSBURGH, Sept. 13, 2019 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the third quarter at approximately 6:45 a.m. (ET), Wednesday, Oct. 16, 2019, as previously announced. PNC Chairman, President and Chief Executive Officer...
June 13, 2019

The PNC Financial Services Group Announces Second Quarter Earnings Conference Call Details

PITTSBURGH, June 13, 2019 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the second quarter at approximately 6:45 a.m. (ET), Wednesday, July 17, 2019, as previously announced. PNC Chairman, President and Chief Executive Officer...
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 The PNC Financial Services Group Frequently Asked Questions

  • When was The PNC Financial Services Group founded?

    The PNC Financial Services Group was founded in 1852.

  • Who are The PNC Financial Services Group key executives?

    The PNC Financial Services Group's key executives are William Demchak, Vicki Henn and Gregory Jordan.

  • How many employees does The PNC Financial Services Group have?

    The PNC Financial Services Group has 50,017 employees.

  • What is The PNC Financial Services Group revenue?

    Latest The PNC Financial Services Group annual revenue is $16.9 b.

  • What is The PNC Financial Services Group revenue per employee?

    Latest The PNC Financial Services Group revenue per employee is $337.9 k.

  • Who are The PNC Financial Services Group competitors?

    Competitors of The PNC Financial Services Group include Bank of New York Mellon Corporation, Thrivent and Truist.

  • Where is The PNC Financial Services Group headquarters?

    The PNC Financial Services Group headquarters is located at 300 Fifth Ave, Pittsburgh.

  • Where are The PNC Financial Services Group offices?

    The PNC Financial Services Group has offices in Pittsburgh, Akron, Annapolis, Ann Arbor and in 71 other locations.

  • How many offices does The PNC Financial Services Group have?

    The PNC Financial Services Group has 77 offices.