PNC Financial Services Group, I

Ticker(s):

PNC

Country:

Sector & Industry:

,
Business Overview

The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company’s Retail Banking segment offers checking, savings, and money market accounts, and time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services. This segment serves consumer and small business customers through a network of branches, digital channels, ATMs, and through phone-based customer contact centers. Its Corporate & Institutional Banking segment provides secured and unsecured loans, letters of credit, and equipment leases; receivables and disbursement management services, funds transfer services, international payment services, and access to online/mobile information management and reporting; securities underwriting, loan syndications, customer-related trading, and mergers and acquisitions and equity capital markets advisory related services; and commercial loan servicing and technology solutions. It serves mid-sized and large corporations, and government and not-for-profit entities. The company’s Asset Management Group segment offers investment and retirement planning, customized investment management, credit management solutions, and trust management and administration services for high net worth and ultra high net worth individuals, and their families; and multi-generational family planning services. It also provides outsourced chief investment officer, custody, private real estate, cash and fixed income client solutions, and retirement plan fiduciary investment services for institutional clients. The company was founded in 1865 and is headquartered in Pittsburgh, Pennsylvania.

Contact & Other Information

Number of Employees:

53,686

Website:

www.pnc.com

The Tower at PNC Plaza
300 Fifth Avenue
Pittsburgh

,

PA

,

15222-2401
United States
888 762 2265
02/21/2025 | 8-K | 0000713676-25-000029 |

PNC Financial Services Group, Inc. updated the terms of restricted share unit and performance share unit awards for Section 16 officers, allowing continued vesting upon qualifying termination of employment.

02/21/2025 | 10-K | 0000713676-25-000027 |

PNC Financial Services Group’s 2024 10-K filing shows a slight increase in net income driven by lower noninterest expense and higher noninterest income, offset by a decrease in net interest income. The company maintains strong capital and liquidity positions but faces risks related to economic conditions, interest rate fluctuations, and cybersecurity.