PNC FINANCIAL SERVICES GROUP, INC.

PNC 10-K · Q4 2025

PNC Q4 2025 request

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Income Statement

Income Statement
Metric Q4 2025 Q4 2024 YoY
Revenue 6,071 5,567 +9.1%
Show Business Segments breakouts
Asset Management Group · Operating Segments 440 403 +9.2%
Corporate & Institutional Banking · Operating Segments 3,041 2,730 +11.4%
Retail Banking · Operating Segments 3,759 3,542 +6.1%
Show Consolidation Items breakouts
Material Reconciling Items -1,169 -1,108 -5.5%
Operating Segments 7,240 6,675 +8.5%
Revenue (Q)
Show — breakouts
Revenue 256 240 +6.7%
Revenue -119 -143 +16.8%
Revenue 256 239 +7.1%
Revenue -119 -143 +16.8%
Revenue 357 194 +84.0%
Revenue 937 861 +8.8%
Revenue 462 479 -3.5%
Revenue -649 -607 -6.9%
Revenue -616 -577 -6.8%
Revenue -240 -212 -13.2%
Revenue -13 5 -360.0%
Revenue -54 -49 -10.2%
Revenue -34 -23 -47.8%
Revenue -699 -662 -5.6%
Revenue 18 25 -28.0%
Revenue -699 -662 -5.6%
Revenue -658 -620 -6.1%
Revenue -654 -620 -5.5%
Revenue -583 -537 -8.6%
Revenue -524 -505 -3.8%
Revenue 861 787 +9.4%
Revenue -689 -653 -5.5%
Revenue -647 -619 -4.5%
Revenue 256 240 +6.7%
Revenue 2,927 2,623 +11.6%
Revenue 1,821 1,749 +4.1%
Show Consolidation Items breakouts
Operating Segments 1,745 1,557 +12.1%
General & Administrative (Q)
Show Business Segments breakouts
Asset Management Group · Operating Segments 133 123 +8.1%
Corporate & Institutional Banking · Operating Segments 422 386 +9.3%
Retail Banking · Operating Segments 1,020 977 +4.4%
Income Before Taxes 2,329 1,905 +22.3%
Show Business Segments breakouts
Asset Management Group · Operating Segments 158 124 +27.4%
Corporate & Institutional Banking · Operating Segments 1,920 1,705 +12.6%
Retail Banking · Operating Segments 1,627 1,426 +14.1%
Income Tax Expense (Benefit) 296 278 +6.5%
Show Business Segments breakouts
Asset Management Group · Operating Segments 37 29 +27.6%
Corporate & Institutional Banking · Operating Segments 400 336 +19.0%
Retail Banking · Operating Segments 379 332 +14.2%
Net Income 2,033 1,627 +25.0%
Show Business Segments breakouts
Asset Management Group · Operating Segments 121 95 +27.4%
Corporate & Institutional Banking · Operating Segments 1,520 1,369 +11.0%
Retail Banking · Operating Segments 1,248 1,094 +14.1%
Show Equity Components breakouts
Noncontrolling Interest 13 17 -23.5%
Retained Earnings 2,020 1,610 +25.5%
Show — breakouts
Net Income -916 -949 +3.5%
Show Consolidation Items breakouts
Corporate Non Segment · FDIC Special Assessment 60 18 +233.3%
Operating Segments 2,889 2,558 +12.9%
Net Income (Q)
Show Business Segments breakouts
Asset Management Group · Operating Segments 121 95 +27.4%
Corporate & Institutional Banking · Operating Segments 1,514 1,365 +10.9%
Retail Banking · Operating Segments 1,241 1,083 +14.6%
Comprehensive Income 2,689 135 +1891.9%
EPS (Basic) 4.87 3.77 +29.2%
EPS (Diluted) 4.87 3.76 +29.5%
Wtd Avg Shares (Basic) -1 -1 0.0%
Wtd Avg Shares (Diluted) -1 0
Brokerage Commissions Revenue 411 374 +9.9%
Interest And Dividend Income Operating 6,380 6,494 -1.8%
Interest Expense Operating 2,649 2,971 -10.8%
Investment Banking Revenue 489 348 +40.5%
Marketing And Advertising Expense 101 112 -9.8%
Occupancy Net 247 240 +2.9%
Other Noninterest Expense 810 824 -1.7%
Preferred Stock Dividends Income Statement Impact 83 94 -11.7%
Net Income Loss Attributable To Noncontrolling Interest 13 17 -23.5%
Show Business Segments breakouts
Corporate & Institutional Banking · Operating Segments 6 4 +50.0%
Retail Banking · Operating Segments 7 11 -36.4%
Noninterest Income 2,340 2,044 +14.5%
Show Business Segments breakouts
Asset Management Group · Operating Segments 260 242 +7.4%
Corporate & Institutional Banking · Operating Segments 1,210 1,067 +13.4%
Retail Banking · Operating Segments 770 708 +8.8%
Show Consolidation Items breakouts
Corporate Non Segment 100 27 +270.4%
Noninterest Income Other 217 175 +24.0%
Noninterest Expense 3,603 3,506 +2.8%
Show Business Segments breakouts
Asset Management Group · Operating Segments 293 277 +5.8%
Corporate & Institutional Banking · Operating Segments 1,107 981 +12.8%
Retail Banking · Operating Segments 1,977 2,010 -1.6%
Show Consolidation Items breakouts
Corporate Non Segment · FDIC Special Assessment -60 -18 -233.3%
Material Reconciling Items · Other Reclassification Activities 286 256 +11.7%
Operating Segments 3,377 3,268 +3.3%
Interest Income Expense Net 3,731 3,523 +5.9%
Show Business Segments breakouts
Asset Management Group · Operating Segments 180 161 +11.8%
Corporate & Institutional Banking · Operating Segments 1,831 1,663 +10.1%
Retail Banking · Operating Segments 2,989 2,834 +5.5%
Labor And Related Expense 2,033 1,857 +9.5%
Show Business Segments breakouts
Asset Management Group · Operating Segments 120 116 +3.4%
Corporate & Institutional Banking · Operating Segments 472 401 +17.7%
Retail Banking · Operating Segments 535 536 -0.2%
Depreciation And Amortization 108 164 -34.1%
Show Business Segments breakouts
Asset Management Group · Operating Segments 11 8 +37.5%
Corporate & Institutional Banking · Operating Segments 55 51 +7.8%
Retail Banking · Operating Segments 95 72 +31.9%
Net Income Loss Available To Common Stockholders Basic 1,922 1,505 +27.7%
Operating Lease Lease Income 8 8 0.0%

Balance Sheet

Balance Sheet
Metric Q4 2025 Q4 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 YTD Q4 2025 YTD Q4 2024 YoY
Operating Activities
Deferred Income Taxes 28 59 -52.5%
Net Cash from Operations 757 1,800 -57.9%
Investing Activities
Purchases of Investments -3,304 -4,865 +32.1%
Other Investing Activities -1,139 -516 -120.7%
Net Cash from Investing -2,109 7,135 -129.6%
Financing Activities
Share Repurchases -406 -221 -83.7%
Net Cash from Financing 2,194 -3,870 +156.7%
Supplemental
Interest Paid 2,842 3,466 -18.0%
Other Cash Flow
Net Change in Cash 842 5,065 -83.4%

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

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