PNC FINANCIAL SERVICES GROUP, INC.

PNC 10-K · FY 2025

PNC FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 23,099 21,555 +7.2%
Show Business Segments breakouts
Asset Management Group · Operating Segments 1,710 1,562 +9.5%
Corporate & Institutional Banking · Operating Segments 11,228 10,229 +9.8%
Retail Banking · Operating Segments 14,863 14,547 +2.2%
Show Consolidation Items breakouts
Material Reconciling Items -4,702 -4,783 +1.7%
Operating Segments 27,801 26,338 +5.6%
Revenue (FY)
Show Product Lines breakouts
Asset Management Fees And Brokerage Fees · Asset Management Group 986 934 +5.6%
Asset Management Fees And Brokerage Fees · Retail Banking 611 551 +10.9%
Asset management fees · Asset Management Group 986 933 +5.7%
Brokerage fees · Retail Banking 611 551 +10.9%
Capital markets and advisory · Corporate & Institutional Banking 1,087 888 +22.4%
Credit Card Reward Costs · Retail Banking 490 482 +1.7%
Debit card fees · Retail Banking 717 699 +2.6%
Deposit account fees · Retail Banking 676 645 +4.8%
Interchange Fees · Retail Banking 696 671 +3.7%
Lending and deposit services · Corporate & Institutional Banking 31 32 -3.1%
Lending and deposit services · Retail Banking 748 719 +4.0%
Merchant services · Corporate & Institutional Banking 76 74 +2.7%
Merchant services · Retail Banking 147 157 -6.4%
Net credit card fees · Retail Banking 206 189 +9.0%
Other · Corporate & Institutional Banking 31 32 -3.1%
Other · Retail Banking 81 87 -6.9%
Other · Retail Banking 72 74 -2.7%
Product And Service Other · Corporate & Institutional Banking 83 75 +10.7%
Residential and commercial mortgage · Corporate & Institutional Banking 114 117 -2.6%
Total card and cash management · Corporate & Institutional Banking 1,667 1,555 +7.2%
Total card and cash management · Retail Banking 1,192 1,173 +1.6%
Treasury management fees · Corporate & Institutional Banking 1,591 1,481 +7.4%
Treasury management fees · Retail Banking 41 41 0.0%
Show Business Segments breakouts
Asset Management Group · Operating Segments 986 934 +5.6%
Corporate & Institutional Banking · Operating Segments 2,982 2,667 +11.8%
Retail Banking · Operating Segments 2,551 2,443 +4.4%
Show Consolidation Items breakouts
Operating Segments 6,519 6,044 +7.9%
General & Administrative (FY)
Show Business Segments breakouts
Asset Management Group · Operating Segments 488 454 +7.5%
Corporate & Institutional Banking · Operating Segments 1,573 1,497 +5.1%
Retail Banking · Operating Segments 3,944 3,774 +4.5%
Income Before Taxes 8,486 7,242 +17.2%
Show Business Segments breakouts
Asset Management Group · Operating Segments 616 492 +25.2%
Corporate & Institutional Banking · Operating Segments 6,948 6,012 +15.6%
Retail Banking · Operating Segments 6,621 6,655 -0.5%
Show Consolidated Entities breakouts
Parent Company 6,824 5,757 +18.5%
Income Tax Expense (Benefit) 1,489 1,289 +15.5%
Show Business Segments breakouts
Asset Management Group · Operating Segments 144 116 +24.1%
Corporate & Institutional Banking · Operating Segments 1,482 1,264 +17.2%
Retail Banking · Operating Segments 1,541 1,553 -0.8%
Show Consolidated Entities breakouts
Parent Company -112 -132 +15.2%
Net Income 6,997 5,953 +17.5%
Show Business Segments breakouts
Asset Management Group · Operating Segments 472 376 +25.5%
Corporate & Institutional Banking · Operating Segments 5,466 4,748 +15.1%
Retail Banking · Operating Segments 5,080 5,102 -0.4%
Show Equity Components breakouts
Noncontrolling Interest 61 64 -4.7%
Retained Earnings 6,936 5,889 +17.8%
Show Consolidation Items breakouts
Corporate Non Segment · FDIC Special Assessment 108 -112 +196.4%
Material Reconciling Items -4,129 -4,041 -2.2%
Operating Segments 11,018 10,226 +7.7%
Net Income (FY)
Show Business Segments breakouts
Asset Management Group · Operating Segments 472 376 +25.5%
Corporate & Institutional Banking · Operating Segments 5,446 4,729 +15.2%
Retail Banking · Operating Segments 5,045 5,063 -0.4%
Show Consolidated Entities breakouts
Parent Company 6,936 5,889 +17.8%
Comprehensive Income 10,093 7,036 +43.4%
Show Consolidated Entities breakouts
Parent Company 6,939 5,890 +17.8%
EPS (Basic) 16.6 13.76 +20.6%
EPS (Diluted) 16.59 13.74 +20.7%
Wtd Avg Shares (Basic) 396 399 -0.8%
Wtd Avg Shares (Diluted) 396 400 -1.0%
Brokerage Commissions Revenue 1,597 1,485 +7.5%
Interest And Dividend Income Operating 25,307 26,384 -4.1%
Interest Expense Operating 10,897 12,885 -15.4%
Investment Banking Revenue 1,548 1,250 +23.8%
Marketing And Advertising Expense 378 362 +4.4%
Occupancy Net 962 954 +0.8%
Other Noninterest Expense 3,106 3,379 -8.1%
Preferred Stock Dividends Income Statement Impact 308 352 -12.5%
Net Income Loss Attributable To Noncontrolling Interest 61 64 -4.7%
Show Business Segments breakouts
Corporate & Institutional Banking · Operating Segments 20 19 +5.3%
Retail Banking · Operating Segments 35 39 -10.3%
Noninterest Income 8,689 8,056 +7.9%
Show Business Segments breakouts
Asset Management Group · Operating Segments 1,001 949 +5.5%
Corporate & Institutional Banking · Operating Segments 4,342 3,927 +10.6%
Retail Banking · Operating Segments 3,048 3,582 -14.9%
Show Consolidation Items breakouts
Corporate Non Segment 298 -402 +174.1%
Noninterest Income Other 764 711 +7.5%
Noninterest Expense 13,834 13,524 +2.3%
Show Business Segments breakouts
Asset Management Group · Operating Segments 1,113 1,073 +3.7%
Corporate & Institutional Banking · Operating Segments 3,989 3,764 +6.0%
Retail Banking · Operating Segments 7,710 7,530 +2.4%
Show Consolidation Items breakouts
Corporate Non Segment · FDIC Special Assessment -108 112 -196.4%
Material Reconciling Items · Other Reclassification Activities 1,130 925 +22.2%
Operating Segments 12,812 12,367 +3.6%
Interest Income Expense Net 14,410 13,499 +6.7%
Show Business Segments breakouts
Asset Management Group · Operating Segments 709 613 +15.7%
Corporate & Institutional Banking · Operating Segments 6,886 6,302 +9.3%
Retail Banking · Operating Segments 11,815 10,965 +7.8%
Labor And Related Expense 7,782 7,302 +6.6%
Show Business Segments breakouts
Asset Management Group · Operating Segments 471 472 -0.2%
Corporate & Institutional Banking · Operating Segments 1,621 1,508 +7.5%
Retail Banking · Operating Segments 2,141 2,149 -0.4%
Depreciation And Amortization 381 259 +47.1%
Show Business Segments breakouts
Asset Management Group · Operating Segments 38 30 +26.7%
Corporate & Institutional Banking · Operating Segments 201 202 -0.5%
Retail Banking · Operating Segments 365 300 +21.7%
Net Income Loss Available To Common Stockholders Basic 6,576 5,496 +19.7%
Operating Lease Lease Income 33 26 +26.9%
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments (FY)
Show Consolidated Entities breakouts
Parent Company 3,893 3,533 +10.2%
Interest Income Operating (FY)
Show Consolidated Entities breakouts
Parent Company 1,154 1,129 +2.2%
Other Expenses (FY)
Show Consolidated Entities breakouts
Parent Company 194 130 +49.2%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Non-Current Assets
Property, Plant & Equipment 8,935 8,672 +3.0%
Operating Lease Right-of-Use Assets 1,692 1,619 +4.5%
Goodwill 10,959 10,932 +0.2%
Show Business Segments breakouts
Asset Management Group 189 189 0.0%
Corporate & Institutional Banking 4,319 4,270 +1.1%
Retail Banking 6,451 6,473 -0.3%
Total Assets 573,572 560,038 +2.4%
Show Financial Instrument breakouts
Mortgage-Backed Securitizations · Variable Interest Entity Primary Beneficiary 17,956 19,191 -6.4%
Tax Credit Investments And Other · Variable Interest Entity Primary Beneficiary 6,082 5,491 +10.8%
Show Consolidated Entities breakouts
Parent Company 96,020 85,060 +12.9%
Variable Interest Entity Primary Beneficiary 24,038 24,682 -2.6%
Non-Current Liabilities
Long-Term Debt 57,101 61,673 -7.4%
Total Liabilities 512,936 505,569 +1.5%
Show Financial Instrument breakouts
Tax Credit Investments And Other · Variable Interest Entity Primary Beneficiary 2,961 2,627 +12.7%
Show Consolidated Entities breakouts
Parent Company 35,435 30,635 +15.7%
Variable Interest Entity Primary Beneficiary 2,961 2,627 +12.7%
Stockholders' Equity
Common Stock 2,717 2,717 0.0%
Additional Paid-In Capital 18,922 18,710 +1.1%
Retained Earnings 63,266 59,282 +6.7%
Accumulated Other Comprehensive Income -3,408 -6,565 +48.1%
Total Stockholders' Equity 60,585 54,425 +11.3%
Show Consolidated Entities breakouts
Parent Company 60,585 54,425 +11.3%
Total Liabilities & Equity 573,572 560,038 +2.4%
Show Consolidated Entities breakouts
Parent Company 96,020 85,060 +12.9%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Deferred Income Taxes -40 -30 -33.3%
Net Cash from Operations 4,384 7,880 -44.4%
Show Consolidated Entities breakouts
Parent Company 4,217 4,108 +2.7%
Investing Activities
Purchases of Investments -15,425 -30,366 +49.2%
Other Investing Activities -2,636 -1,103 -139.0%
Show Consolidated Entities breakouts
Parent Company -2 1 -300.0%
Net Cash from Investing -15,617 -3,232 -383.2%
Show Consolidated Entities breakouts
Parent Company -2,499 -5,191 +51.9%
Financing Activities
Share Repurchases -1,338 -687 -94.8%
Show Consolidated Entities breakouts
Parent Company -1,338 -687 -94.8%
Net Cash from Financing 4,695 -9,122 +151.5%
Show Consolidated Entities breakouts
Parent Company 1,168 301 +288.0%
Supplemental
Income Taxes Paid 704 389 +81.0%
Interest Paid 11,154 13,052 -14.5%
Show Consolidated Entities breakouts
Parent Company 1,508 1,216 +24.0%
Other Cash Flow
Net Change in Cash -6,538 -4,474 -46.1%
Show Consolidated Entities breakouts
Parent Company 2,886 -782 +469.1%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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