The PNC Financial Services Group, Inc.
- Open
- 246.05
- Day high
- 247.47
- Day low
- 244.69
- Prev close
- 246.73
- Volume
- 1.5M
- Mkt cap
- $99.1B
- P/E (TTM)
- 14.3
- EPS (TTM)
- $17.19
- P/B
- 1.6
- P/S
- 3.1
- Yield
- 2.76%
- Per share
- $6.80
- ▼Insiders net selling -$11.0M over the last 3 months (0 open-market buys, 6 sales)
- 🏛Institutions accumulating (13F)
The PNC Financial Services Group, Inc. (PNC) is a Financial Services company listed on NYSE. The stock is up 32% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 6 sales (SEC Form 4). Drillr has 1 published research article covering PNC.
The PNC Financial Services Group, Inc. (PNC) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 9 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
PNC earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 15, 2026 | $3.93 | $4.13 | +5.1% | $6.2B | -1.2% |
| Jan 16, 2026 | $4.20 | $4.88 | +16.2% | $6.1B | +1.9% |
| Oct 15, 2025 | $4.05 | $4.35 | +7.4% | $5.9B | +1.5% |
| Jul 16, 2025 | $3.55 | $3.85 | +8.5% | $5.7B | +1.0% |
| Apr 15, 2025 | $3.38 | $3.51 | +3.8% | $5.4B | -0.7% |
| Jan 16, 2025 | $3.26 | $3.77 | +15.6% | $5.6B | +1.0% |
| Oct 15, 2024 | $3.30 | $3.75 | +13.6% | $5.4B | +0.8% |
| Jul 16, 2024 | $2.98 | $3.30 | +10.7% | $4.7B | -13.6% |
| Apr 16, 2024 | $3.01 | $3.36 | +11.6% | $5.1B | -0.8% |
| Jan 16, 2024 | $2.99 | $3.16 | +5.7% | $5.4B | +1.5% |
| Oct 13, 2023 | $3.11 | $3.60 | +15.8% | $5.2B | -2.5% |
| Jul 18, 2023 | $3.28 | $3.36 | +2.4% | $5.3B | -2.9% |
PNC insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 16, 2026 | Thomas Michael Duaneofficer: Executive Vice President | Sell | 1,500 | $238.14 |
| Jun 10, 2026 | Overstrom Alexander E. C.officer: Executive Vice President | Sell | 1,500 | $227.97 |
| Jun 8, 2026 | Novosel Stephanieofficer: Executive Vice President | Sell | 1,800 | $228.73 |
| May 28, 2026 | Feldstein Andrew Tdirector | Sell | 4,000 | $220.57 |
| May 28, 2026 | Feldstein Andrew Tdirector | Sell | 23,000 | $220.57 |
| May 28, 2026 | Feldstein Andrew Tdirector | Sell | 18,000 | $220.57 |
| Apr 24, 2026 | Cheshire Marjorie Rodgersdirector | Grant | 844 | — |
| Apr 24, 2026 | Dachille Douglas A.director | Grant | 844 | — |
| Apr 24, 2026 | Salesky Bryan Scottdirector | Grant | 844 | — |
| Apr 24, 2026 | ALVARADO JOSEPHdirector | Grant | 844 | — |
| Apr 24, 2026 | Khator Renudirector | Grant | 844 | — |
| Apr 24, 2026 | HARSHMAN RICHARD Jdirector | Grant | 844 | — |
| Apr 24, 2026 | Medler Linda Rdirector | Grant | 844 | — |
| Apr 24, 2026 | HESSE DANIELdirector | Grant | 844 | — |
| Apr 24, 2026 | NIBLOCK ROBERT Adirector | Grant | 844 | — |
Source: PNC SEC Form 4 filings, latest Jun 16, 2026. For informational purposes only — not investment advice.
See the full PNC insider & 13F page →The PNC Financial Services Group, Inc. company profile
Overview
The PNC Financial Services Group, Inc. (NYSE:PNC) is one of the largest regional banks in the United States, founded in 1852 and headquartered in Pittsburgh, Pennsylvania. The company has grown through strategic acquisitions and organic expansion to become a diversified financial services institution serving millions of customers across multiple states. PNC operates through an extensive network of 2,591 branches and 9,502 ATMs, with a particularly strong presence in the Mid-Atlantic, Midwest, and Southeast regions. The bank has significantly expanded its footprint in recent years, including the 2021 acquisition of BBVA USA's operations, which added substantial market presence in the Southwest United States.
Business
PNC operates as a diversified financial services company providing banking, lending, investment, and financial advisory services primarily in the United States. The company operates in the regional banking sector, which sits between smaller community banks and the largest national banks, serving both individual consumers and businesses of various sizes. The company's operations are organized into three main business segments: Retail Banking represents the largest portion of PNC's operations, generating approximately 60-65% of total revenue. This segment provides traditional banking services to consumers and small businesses, including checking and savings accounts, certificates of deposit, residential mortgages, home equity loans, auto loans, credit cards, and personal loans. The segment also offers brokerage services, insurance products, and investment management through a network of branches, ATMs, online platforms, and mobile banking applications. This business serves everyday banking needs for millions of individual customers and small business owners. Corporate & Institutional Banking contributes roughly 25-30% of revenue and focuses on serving mid-sized to large corporations, government entities, and non-profit organizations. This segment provides commercial loans, letters of credit, equipment financing, cash management services, foreign exchange services, derivatives, securities underwriting, loan syndications, and mergers and acquisitions advisory services. The business essentially acts as a financial partner for companies needing sophisticated banking and capital markets services beyond what smaller banks can provide. Asset Management Group generates approximately 8-12% of revenue and serves high net worth individuals, ultra-high net worth families, and institutional clients. This segment offers investment management, retirement planning, trust services, estate planning, private banking, and fiduciary services. The business manages assets for wealthy individuals and provides outsourced investment management services for institutions like pension funds and endowments.
Revenue model
PNC generates revenue through multiple streams typical of traditional banking operations. The primary revenue source is net interest income, which accounts for approximately 65-70% of total revenue. This represents the difference between interest earned on loans and investments and interest paid on deposits and borrowings. The bank makes money by borrowing funds at lower rates (primarily through customer deposits) and lending them at higher rates to borrowers. Fee income contributes the remaining 30-35% of revenue and includes various non-interest sources such as asset management fees, brokerage commissions, cash management fees, credit card interchange fees, mortgage banking revenue, capital markets advisory fees, and service charges on deposit accounts. This diversified fee structure helps reduce dependence on interest rate movements. The bank's profitability is significantly influenced by several key factors. Interest rate environment is the most critical driver - rising rates generally benefit PNC as loan yields increase faster than deposit costs, while falling rates compress margins. Credit quality directly impacts profitability through loan loss provisions, with economic downturns typically requiring higher reserves for potential defaults. Loan demand affects growth and utilization of the bank's capital, with strong economic conditions typically driving higher commercial loan demand. Deposit competition influences funding costs, as competitive markets force higher deposit rates. Regulatory changes can impact both revenue opportunities and compliance costs. The bank's expansion into new markets, particularly in the Southwest following the BBVA acquisition, provides growth opportunities but requires significant upfront investment in infrastructure and personnel.
Competitive moat
PNC's competitive position reflects the characteristics typical of large regional banks - meaningful but not insurmountable advantages. The bank's primary moat stems from its extensive branch and ATM network, which creates customer convenience and switching costs, particularly for small businesses and consumers who value physical banking relationships. The company's scale advantages allow it to invest in technology infrastructure, regulatory compliance, and product development more efficiently than smaller competitors. The bank benefits from relationship banking, where customers use multiple products and services, creating switching costs and higher customer lifetime value. PNC's corporate banking relationships often involve complex cash management, lending, and advisory services that are difficult for customers to replicate elsewhere. The company's market position in key metropolitan areas provides local market knowledge and relationship advantages. However, PNC's moat faces several challenges. Fintech disruption continues to erode traditional banking advantages, particularly in payments, lending, and wealth management. Large national banks like JPMorgan Chase and Bank of America have superior scale and technology resources, while smaller community banks often provide more personalized service. Digital banking reduces the importance of physical branch networks, potentially commoditizing banking services. The regulatory environment limits PNC's ability to expand through acquisitions, constraining growth options compared to less regulated industries. Interest rate sensitivity means the bank's profitability fluctuates significantly with economic cycles, unlike businesses with more predictable cash flows. Overall, PNC maintains a moderate competitive position with meaningful but gradually eroding advantages in an increasingly competitive and technology-driven industry.
Risks & safety
PNC demonstrates a solid financial position with moderate risk levels typical of large regional banks: • Strong liquidity position: $46.3 billion in cash and short-term investments as of Q4 2024, providing substantial buffer for operations and unexpected outflows • Manageable debt levels: Debt-to-equity ratio of 1.13, within normal ranges for banks where deposits represent the primary funding source rather than traditional debt • Adequate capitalization: Well-capitalized under regulatory standards with consistent capital generation through earnings retention • Reasonable valuation metrics: Trading at 11.8x P/E ratio and 1.24x price-to-book ratio, suggesting modest valuation levels • Consistent profitability: Generated $6.0 billion in net income for 2024 with stable return on equity around 10-11% • Credit quality concerns: Elevated exposure to commercial real estate office properties requiring careful monitoring, though management believes reserves are adequate • Interest rate sensitivity: Earnings fluctuate with rate cycles, though current positioning benefits from rising rate environment • Regulatory oversight: Subject to extensive banking regulations and stress testing requirements that limit risk-taking but also constrain growth flexibility
Recent development
Over the past few years, PNC has focused on several key strategic initiatives to drive growth and improve operational efficiency. The bank completed a significant workforce reduction program targeting $325 million in annual expense savings while maintaining its commitment to expense discipline through its Continuous Improvement Program. Technology investments have been a major focus, with PNC rolling out a new online banking platform and investing heavily in digital capabilities to compete with both traditional banks and fintech companies. The bank announced a substantial $1 billion investment in branch network renovation, demonstrating its continued belief in the importance of physical presence despite digital trends. Geographic expansion remains a priority, particularly in Southwest markets acquired through the BBVA transaction. The company is doubling new branch builds and entering new markets like Salt Lake City while achieving strong growth in expansion markets - corporate banking sales increased 40% and commercial banking sales grew 32% in former BBVA markets. The bank has also focused on product enhancement, particularly in credit card offerings and cash management services. PNC appointed Mark Wiedman as new President, adding experienced talent to help execute the current strategic plan without indicating major strategic shifts. Capital allocation has emphasized returning cash to shareholders, with PNC returning $3 billion through dividends and share buybacks in 2024 while maintaining strong capital levels. The company increased its quarterly dividend and continues regular share repurchase programs, balancing growth investment with shareholder returns.
PNC company profile · for informational purposes only — not investment advice.
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