The PNC Financial Services Group Inc (PNC)

Name: The PNC Financial Services Group Inc Financial Statements
Creator: Quarter Results

Financial Services | Banks Regional

Latest reporting period: 2025-03-31

Latest Quarter

2025-03-31

Revenue

$5.2B

Net Income

$1.5B

Operating Margin

50.2%

Free Cash Flow

$9.5B

Debt / Assets

89.4%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for The PNC Financial Services Group Inc (PNC).
Income Statement (Quarterly)	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Revenue	5,233,000,000	8,532,000,000	8,843,000,000	7,937,000,000
Cost of Revenue	0	3,121,000,000	3,654,000,000	3,515,000,000
Gross Profit	5,233,000,000	5,411,000,000	5,189,000,000	4,819,000,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	2,604,000,000	1,969,000,000	1,962,000,000	1,875,000,000
Operating Expenses	2,604,000,000	3,506,000,000	3,327,000,000	2,603,000,000
Operating Income	2,629,000,000	1,905,000,000	1,862,000,000	1,819,000,000
Interest Expense	0	2,971,000,000	3,412,000,000	3,266,000,000
Income Before Tax	1,846,000,000	1,905,000,000	1,862,000,000	1,819,000,000
Income Tax Expense	347,000,000	278,000,000	357,000,000	342,000,000
Net Income	1,481,000,000	1,610,000,000	1,490,000,000	1,459,000,000
Per Share
EPS	3.52	3.77	3.50	3.39
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for The PNC Financial Services Group Inc (PNC).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	31,342,000,000	33,694,000,000	31,901,000,000	21,114,000,000	19,135,000,000
Cost of Revenue	8,883,000,000	13,682,000,000	11,153,000,000	2,387,000,000	0
Gross Profit	22,459,000,000	20,012,000,000	20,748,000,000	18,727,000,000	19,135,000,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	9,471,000,000	7,664,000,000	7,778,000,000	7,599,000,000	7,460,000,000
Operating Expenses	13,973,000,000	12,770,000,000	14,012,000,000	355,000,000	0
Operating Income	8,486,000,000	7,242,000,000	6,736,000,000	9,517,000,000	5,725,000,000
Interest Expense	10,897,000,000	12,885,000,000	10,392,000,000	2,422,000,000	487,000,000
Income Before Tax	8,486,000,000	7,242,000,000	6,736,000,000	7,473,000,000	6,988,000,000
Income Tax Expense	1,489,000,000	1,289,000,000	1,089,000,000	1,360,000,000	1,263,000,000
Net Income	6,936,000,000	5,889,000,000	5,578,000,000	6,041,000,000	5,674,000,000
Per Share
EPS	16.62	13.86	12.80	13.85	12.71
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for The PNC Financial Services Group Inc (PNC).
Balance Sheet (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	6,777,000,000	46,251,000,000	50,725,000,000	34,363,000,000
Short Term Investments	32,936,000,000	9,385,000,000	10,738,000,000	44,159,000,000
Net Receivables	327,071,000,000	6,695,000,000	0	6,404,000,000
Inventory	0	0	-57,185,000,000	-44,393,000,000
Total Current Assets	368,723,000,000	62,331,000,000	48,706,000,000	146,377,000,000
Property Plant Equipment	0	0	10,262,000,000	10,611,000,000
Goodwill and Intangibles	14,618,000,000	14,643,000,000	14,618,000,000	14,410,000,000
Total Assets	573,572,000,000	560,038,000,000	561,580,000,000	557,263,000,000
Liabilities
Account Payables	440,866,000,000	0	0	0
Short Term Debt	15,443,000,000	0	0	6,079,000,000
Total Current Liabilities	456,309,000,000	426,738,000,000	101,285,000,000	336,758,000,000
Long Term Debt	41,658,000,000	61,673,000,000	72,737,000,000	58,713,000,000
Total Liabilities	512,936,000,000	505,569,000,000	72,737,000,000	511,451,000,000
Shareholders Equity
Retained Earnings	63,266,000,000	59,282,000,000	56,290,000,000	53,572,000,000
Total Shareholders Equity	60,585,000,000	54,425,000,000	51,105,000,000	45,774,000,000

Balance sheet annual history for The PNC Financial Services Group Inc (PNC).
Balance Sheet (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	6,777,000,000	46,251,000,000	50,725,000,000	34,363,000,000	82,254,000,000
Short Term Investments	32,936,000,000	9,385,000,000	10,738,000,000	44,159,000,000	6,026,000,000
Net Receivables	327,071,000,000	6,695,000,000	0	6,404,000,000	6,040,000,000
Inventory	0	0	-57,185,000,000	-44,393,000,000	0
Total Current Assets	368,723,000,000	62,331,000,000	48,706,000,000	146,377,000,000	140,966,000,000
Property Plant Equipment	0	0	10,262,000,000	10,611,000,000	0
Goodwill and Intangibles	14,618,000,000	14,643,000,000	14,618,000,000	14,410,000,000	12,734,000,000
Total Assets	573,572,000,000	560,038,000,000	561,580,000,000	557,263,000,000	557,191,000,000
Liabilities
Account Payables	440,866,000,000	0	0	0	0
Short Term Debt	15,443,000,000	0	0	6,079,000,000	0
Total Current Liabilities	456,309,000,000	426,738,000,000	101,285,000,000	336,758,000,000	0
Long Term Debt	41,658,000,000	61,673,000,000	72,737,000,000	58,713,000,000	30,784,000,000
Total Liabilities	512,936,000,000	505,569,000,000	72,737,000,000	511,451,000,000	501,465,000,000
Shareholders Equity
Retained Earnings	63,266,000,000	59,282,000,000	56,290,000,000	53,572,000,000	50,228,000,000
Total Shareholders Equity	60,585,000,000	54,425,000,000	51,105,000,000	45,774,000,000	55,695,000,000

Cash flow quarterly history for The PNC Financial Services Group Inc (PNC).
Cash Flow Statement (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	6,893,000,000	5,953,000,000	5,647,000,000	6,113,000,000
Depreciation & Amortization	0	259,000,000	217,000,000	651,000,000
Stock Based Compensation	0	0	0	0
Change in Working Capital	834,000,000	-587,000,000	2,262,000,000	653,000,000
Operating Cash Flow	9,452,000,000	7,880,000,000	10,111,000,000	9,083,000,000
Investing Activities
Capital Expenditure	0	0	0	-50,000,000
Investments	0	0	0	-50,000,000
Investing Cash Flow	-20,685,000,000	-3,232,000,000	-6,379,000,000	-13,428,000,000
Financing Activities
Debt Repayment	-5,220,000,000	-10,345,000,000	-3,676,000,000	-8,057,000,000
Common Stock Issued/Repurchased	-1,268,000,000	-1,118,000,000	-1,579,000,000	-5,163,000,000
Dividends Paid	-2,943,000,000	-2,889,000,000	-2,878,000,000	-2,692,000,000
Financing Cash Flow	4,695,000,000	-9,122,000,000	-3,854,000,000	3,384,000,000
Summary
Free Cash Flow	9,452,000,000	7,880,000,000	10,111,000,000	9,033,000,000
Net Change in Cash	-6,538,000,000	-4,474,000,000	-122,000,000	-961,000,000

Cash flow annual history for The PNC Financial Services Group Inc (PNC).
Cash Flow Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	6,893,000,000	5,953,000,000	5,647,000,000	6,113,000,000	5,674,000,000
Depreciation & Amortization	0	259,000,000	217,000,000	651,000,000	1,773,000,000
Stock Based Compensation	0	0	0	0	0
Change in Working Capital	834,000,000	-587,000,000	2,262,000,000	653,000,000	575,000,000
Operating Cash Flow	9,452,000,000	7,880,000,000	10,111,000,000	9,083,000,000	7,214,000,000
Investing Activities
Capital Expenditure	0	0	0	-50,000,000	0
Investments	0	0	0	-50,000,000	0
Investing Cash Flow	-20,685,000,000	-3,232,000,000	-6,379,000,000	-13,428,000,000	-2,795,000,000
Financing Activities
Debt Repayment	-5,220,000,000	-10,345,000,000	-3,676,000,000	-8,057,000,000	-10,503,000,000
Common Stock Issued/Repurchased	-1,268,000,000	-1,118,000,000	-1,579,000,000	-5,163,000,000	-1,013,000,000
Dividends Paid	-2,943,000,000	-2,889,000,000	-2,878,000,000	-2,692,000,000	-2,289,000,000
Financing Cash Flow	4,695,000,000	-9,122,000,000	-3,854,000,000	3,384,000,000	-3,432,000,000
Summary
Free Cash Flow	9,452,000,000	7,880,000,000	10,111,000,000	9,033,000,000	7,214,000,000
Net Change in Cash	-6,538,000,000	-4,474,000,000	-122,000,000	-961,000,000	987,000,000