PNC FINANCIAL SERVICES GROUP, INC. (PNC) financial statements: income statement, balance sheet and cash flow
PNC FINANCIAL SERVICES GROUP, INC.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), PNC FINANCIAL SERVICES GROUP, INC. reported revenue of $23.1B (+7.2% year on year) and net income of $7.0B (+17.5% year on year).
Income statement
PNC FINANCIAL SERVICES GROUP, INC. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Loans
$18.5B
$19.3B
$18.3B
$11.8B
Investment securities
$4.7B
$4.1B
$3.5B
$2.7B
Other
$2.2B
$2.9B
$2.5B
$915.0M
Total interest income
$25.3B
$26.4B
$24.3B
$15.4B
Deposits
$7.5B
$8.4B
$6.6B
$1.3B
Borrowed funds
$3.4B
$4.5B
$3.8B
$1.2B
Total interest expense
$10.9B
$12.9B
$10.4B
$2.4B
Net interest income
$14.4B
$13.5B
$13.9B
$13.0B
Asset management and brokerage
$1.6B
$1.5B
—
—
Capital markets and advisory
$1.5B
$1.3B
—
—
Card and cash management
$2.9B
$2.8B
—
—
Lending and deposit services
$1.3B
$1.3B
—
—
Residential and commercial mortgage
$571.0M
$581.0M
—
—
Gain on Visa shares exchange program
0
754.0M
—
—
Securities gains (losses)
($9.0M)
($500.0M)
—
—
Other
$773.0M
$457.0M
—
—
Total other income
$764.0M
$711.0M
—
—
Total noninterest income
$8.7B
$8.1B
$7.6B
$8.1B
Total revenue
$23.1B
$21.6B
$21.5B
$21.1B
Provision For Credit Losses
$779.0M
$789.0M
$742.0M
$477.0M
Personnel
$7.8B
$7.3B
$7.4B
$7.2B
Occupancy
$962.0M
$954.0M
$982.0M
$992.0M
Equipment
$1.6B
$1.5B
$1.4B
$1.4B
Marketing
$378.0M
$362.0M
$350.0M
$355.0M
Other
$3.1B
$3.4B
$3.8B
$3.2B
Total noninterest expense
$13.8B
$13.5B
$14.0B
$13.2B
Income before income taxes and noncontrolling interests
$8.5B
$7.2B
$6.7B
$7.5B
Income taxes
$1.5B
$1.3B
$1.1B
$1.4B
Net income
$7.0B
$6.0B
—
$6.1B
Less: Net income attributable to noncontrolling interests
$61.0M
$64.0M
$69.0M
$72.0M
Preferred stock dividends
$308.0M
$352.0M
$417.0M
$301.0M
Preferred stock discount accretion and redemptions
$9.0M
$8.0M
$8.0M
$5.0M
Net income attributable to common shareholders
$6.6B
$5.5B
$5.2B
$5.7B
Basic (in dollars per share)
$16.60
$13.76
$12.80
$13.86
Diluted (in dollars per share)
$16.59
$13.74
$12.79
$13.85
Basic (shares)
396.0M
399.0M
401.0M
412.0M
Diluted (shares)
396.0M
400.0M
401.0M
412.0M
PNC FINANCIAL SERVICES GROUP, INC. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Loans
$5.0B
$4.8B
$4.8B
$4.6B
Investment securities
$1.3B
$1.2B
$1.2B
$1.2B
Other
$445.0M
$450.0M
$565.0M
$510.0M
Total interest income
$6.7B
$6.4B
$6.5B
$6.3B
Deposits
$1.7B
$1.7B
$2.0B
$1.8B
Borrowed funds
$905.0M
$748.0M
$899.0M
$870.0M
Total interest expense
$2.6B
$2.5B
$2.9B
$2.7B
Net interest income
$4.1B
$4.0B
$3.6B
$3.6B
Asset management and brokerage
$440.0M
$420.0M
$404.0M
$391.0M
Capital markets and advisory
$577.0M
$463.0M
$432.0M
$321.0M
Card and cash management
$772.0M
$738.0M
$737.0M
$737.0M
Lending and deposit services
$346.0M
$340.0M
$335.0M
$317.0M
Residential and commercial mortgage
$144.0M
$118.0M
$161.0M
$128.0M
Gain on Visa shares exchange program
448.0M
—
0
0
Securities gains (losses)
($139.0M)
—
$0
$0
Other
$180.0M
—
$198.0M
$212.0M
Total other income
$489.0M
$125.0M
$198.0M
$212.0M
Total noninterest income
$2.8B
$2.2B
$2.3B
$2.1B
Total revenue
$6.9B
$6.2B
$5.9B
$5.7B
Provision For Credit Losses
$191.0M
$210.0M
$167.0M
$254.0M
Personnel
$2.3B
$2.1B
$2.0B
$1.9B
Occupancy
$252.0M
$262.0M
$235.0M
$235.0M
Equipment
$435.0M
$415.0M
$416.0M
$394.0M
Marketing
$110.0M
$87.0M
$93.0M
$99.0M
Other
$1.0B
$898.0M
$747.0M
$766.0M
Total noninterest expense
$4.1B
$3.8B
$3.5B
$3.4B
Income before income taxes and noncontrolling interests
$2.6B
$2.2B
$2.3B
$2.0B
Income taxes
$531.0M
$415.0M
$465.0M
$381.0M
Net income
$2.1B
$1.8B
$1.8B
$1.6B
Less: Net income attributable to noncontrolling interests
$15.0M
$12.0M
$14.0M
$16.0M
Preferred stock dividends
$85.0M
$73.0M
$71.0M
$83.0M
Preferred stock discount accretion and redemptions
$2.0M
$1.0M
$2.0M
$2.0M
Net income attributable to common shareholders
$2.0B
$1.7B
$1.7B
$1.5B
Basic (in dollars per share)
$4.82
$4.13
$4.36
$3.86
Diluted (in dollars per share)
$4.81
$4.13
$4.35
$3.85
Basic (in shares)
403.0M
405.0M
396.0M
397.0M
Diluted (in shares)
403.0M
405.0M
396.0M
397.0M
Balance sheet
PNC FINANCIAL SERVICES GROUP, INC. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and due from banks
$6.8B
$6.9B
$6.9B
$7.0B
Interest-earning deposits with banks
$32.9B
$39.3B
$43.8B
$27.3B
Loans held for sale
$1.9B
$850.0M
$734.0M
$1.0B
Investment securities – available-for-sale
$68.1B
$62.0B
$41.8B
$44.2B
Investment securities – held-to-maturity
$70.1B
$77.7B
$90.8B
$95.2B
Loans
$331.5B
$316.5B
$321.5B
$326.0B
Allowance for loan and lease losses
($4.4B)
($4.5B)
($4.8B)
($4.7B)
Net loans
$327.1B
$312.0B
$316.7B
$321.3B
Equity investments
$10.8B
$9.6B
$8.3B
$8.4B
Mortgage servicing rights
$3.7B
$3.7B
$3.7B
$3.4B
Goodwill
$11.0B
$10.9B
$10.9B
$11.0B
Other
$41.2B
$37.0B
$37.9B
$38.4B
Total assets
$573.6B
$560.0B
$561.6B
$557.3B
Noninterest-bearing
$91.7B
$92.6B
$101.3B
$124.5B
Interest-bearing (b)
$349.1B
$334.1B
$320.1B
$311.8B
Total deposits
$440.9B
$426.7B
$421.4B
$436.3B
Federal Home Loan Bank advances
$13.0B
$22.0B
$38.0B
$32.1B
Senior debt
$38.6B
$32.5B
$26.8B
$16.7B
Subordinated debt
$3.0B
$4.1B
$4.9B
$6.3B
Other
$2.4B
$3.1B
$3.0B
$3.7B
Total borrowed funds
$57.1B
$61.7B
$72.7B
$58.7B
Allowance for unfunded lending related commitments
$818.0M
$719.0M
$663.0M
$694.0M
Accrued expenses and other liabilities
$14.2B
$16.4B
$15.6B
$15.8B
Total liabilities
$512.9B
$505.6B
$510.4B
$511.5B
Preferred stock
$0
—
—
—
Common stock ($5 par value, Authorized 800,000,000 shares, issued 543,497,966 and 543,310,646 shares)
2.7B
2.7B
2.7B
2.7B
Capital surplus
$18.9B
$18.7B
$19.0B
$18.4B
Retained earnings
$63.3B
$59.3B
$56.3B
$53.6B
Accumulated other comprehensive income (loss)
($3.4B)
($6.6B)
($7.7B)
($10.2B)
Common stock held in treasury at cost: 153,084,091 and 147,373,633 shares
-20.9B
-19.7B
—
—
Total shareholders’ equity
$60.6B
$54.4B
$51.1B
$45.8B
Noncontrolling interests
$51.0M
$44.0M
$36.0M
$38.0M
Total equity
$60.6B
$54.5B
$51.1B
$45.8B
Total liabilities and equity
$573.6B
$560.0B
$561.6B
$557.3B
PNC FINANCIAL SERVICES GROUP, INC. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and due from banks
$6.0B
$5.6B
$5.6B
$5.9B
Interest-earning deposits with banks
$22.8B
$26.1B
$33.3B
$24.5B
Loans held for sale
$1.5B
$1.3B
$1.1B
$1.8B
Investment securities – available-for-sale
$71.1B
$71.1B
$68.3B
$67.1B
Investment securities – held-to-maturity
$78.4B
$72.0B
$73.2B
$75.2B
Loans
$368.0B
$360.9B
$326.6B
$326.3B
Allowance for loan and lease losses
($4.7B)
($4.7B)
($4.5B)
($4.5B)
Net loans
$363.3B
$356.3B
$322.1B
$321.8B
Equity investments
$11.7B
$10.5B
$10.0B
$9.8B
Mortgage servicing rights
$3.8B
$3.8B
$3.6B
$3.5B
Goodwill
$13.3B
$13.3B
$11.0B
$10.9B
Other
$44.1B
$43.0B
$40.6B
$38.6B
Total assets
$616.0B
$603.0B
$568.8B
$559.1B
Noninterest-bearing
$99.4B
$99.3B
$91.2B
$93.3B
Interest-bearing
$350.4B
$358.4B
$341.5B
$333.4B
Total deposits
$449.8B
$457.6B
$432.7B
$426.7B
Federal Home Loan Bank advances
$40.4B
$21.4B
$16.1B
$18.0B
Senior debt
$38.1B
$38.0B
$38.7B
$35.8B
Subordinated debt
$4.4B
$4.5B
$3.5B
$3.5B
Other
$2.8B
$2.7B
$4.0B
$3.2B
Total borrowed funds
$85.7B
$66.7B
$62.3B
$60.4B
Allowance for unfunded lending related commitments
$809.0M
$832.0M
$775.0M
$759.0M
Accrued expenses and other liabilities
$15.6B
$14.2B
$13.9B
$13.6B
Total liabilities
$552.0B
$539.4B
$509.7B
$501.5B
Preferred stock
$0
$0
$0
$0
Common stock ($5 par value, Authorized 800,000,000 shares, issued 557,291,838 and 543,497,966 shares)
2.8B
2.8B
2.7B
2.7B
Capital surplus
$22.0B
$21.9B
$18.9B
$18.8B
Retained earnings
$65.5B
$64.3B
$62.0B
$61.0B
Accumulated other comprehensive income (loss)
($4.1B)
($3.8B)
($4.1B)
($4.7B)
Common stock held in treasury at cost: 157,826,113 and 153,084,091 shares
-22.2B
-21.6B
-20.5B
-20.2B
Total shareholders’ equity
$64.0B
$63.6B
$59.0B
$57.6B
Noncontrolling interests
$53.0M
$49.0M
$48.0M
$48.0M
Total equity
$64.1B
$63.7B
$59.0B
$57.7B
Total liabilities and equity
$616.0B
$603.0B
$568.8B
$559.1B
Cash flow statement
PNC FINANCIAL SERVICES GROUP, INC. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$7.0B
$6.0B
$5.6B
$6.1B
Provision For Credit Losses
$779.0M
$789.0M
$742.0M
$477.0M
Depreciation, amortization and accretion
$381.0M
$259.0M
$217.0M
$651.0M
Deferred income taxes (benefit)
($40.0M)
($30.0M)
($252.0M)
$351.0M
Net losses on sales of securities
$9.0M
$500.0M
—
$7.0M
Changes in fair value of mortgage servicing rights
$492.0M
$154.0M
$298.0M
($543.0M)
Gain on Visa shares exchange program
0
-754.0M
—
—
Trading securities and other short-term investments
($4.0B)
$41.0M
($767.0M)
$433.0M
Loans held for sale and related securitization activity
($1.1B)
($151.0M)
$210.0M
$1.0B
Other assets
$1.7B
$896.0M
$2.3B
($877.0M)
Accrued expenses and other liabilities
($1.6B)
($1.4B)
$507.0M
$599.0M
Other operating activities, net
$708.0M
$1.6B
$1.2B
$831.0M
Net cash provided (used) by operating activities
$4.4B
$7.9B
$10.1B
$9.1B
Securities available-for-sale
$3.2B
$4.3B
$36.0M
$4.1B
Loans
$876.0M
$636.0M
$979.0M
$5.6B
Securities available-for-sale
$6.7B
$6.6B
$6.9B
$13.3B
Securities held-to-maturity
$15.0B
$15.7B
$7.0B
$5.1B
Securities available-for-sale
($15.4B)
($30.4B)
($3.8B)
($25.6B)
Securities held-to-maturity
($6.7B)
($1.7B)
($1.9B)
($15.4B)
Loans
($2.3B)
($1.9B)
($10.2B)
($2.1B)
Net change in federal funds sold and resale agreements
$448.0M
($387.0M)
$573.0M
($718.0M)
Other changes in loans, net
($14.7B)
$5.1B
$12.4B
($41.7B)
Other investing activities, net
($2.6B)
($1.1B)
($1.9B)
($3.0B)
Net cash provided (used) by investing activities
($15.6B)
($3.2B)
($6.4B)
($13.4B)
Noninterest-bearing deposits
($895.0M)
($8.7B)
($23.2B)
($30.7B)
Interest-bearing deposits
$15.0B
$14.0B
$8.3B
$9.7B
Federal funds purchased and repurchase agreements
$77.0M
($74.0M)
$359.0M
($2.0M)
Other borrowed funds
($377.0M)
$431.0M
($549.0M)
$636.0M
Federal Home Loan Bank advances
$4.1B
$3.0B
$6.0B
$32.1B
Senior debt
$8.0B
$10.0B
$10.5B
$3.7B
Preferred stock
$0
—
$1.5B
$2.2B
Common and treasury stock
$70.0M
$69.0M
$72.0M
$68.0M
Federal Home Loan Bank advances
($13.1B)
($19.0B)
($75.0M)
—
Senior debt
($2.8B)
($4.0B)
($750.0M)
($6.3B)
Subordinated debt
($1.2B)
($750.0M)
($1.5B)
$847.0M
Other borrowed funds
$0
—
$824.0M
$796.0M
Preferred stock redemption
$0
($500.0M)
($1.0B)
($1.5B)
Acquisition of treasury stock
($1.3B)
($687.0M)
($651.0M)
($3.7B)
Preferred stock cash dividends paid
($308.0M)
($352.0M)
($417.0M)
($301.0M)
Common stock cash dividends paid
($2.6B)
($2.5B)
($2.5B)
($2.4B)
Net cash provided (used) by financing activities
$4.7B
($9.1B)
($3.9B)
$3.4B
Net Increase (Decrease) In Cash, Cash Equivalents And Restricted Cash
($6.5B)
($4.5B)
($122.0M)
($961.0M)
Cash, cash equivalents and restricted cash at beginning of period
$46.3B
$50.7B
$7.0B
$8.0B
Cash, cash equivalents and restricted cash at end of period (a)
$39.7B
—
—
—
Interest paid
$11.2B
$13.1B
$9.5B
$2.2B
PNC FINANCIAL SERVICES GROUP, INC. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$3.8B
$1.8B
$5.0B
$3.1B
Provision For Credit Losses
$401.0M
$210.0M
$640.0M
$473.0M
Depreciation, amortization and accretion
$173.0M
$66.0M
$273.0M
$172.0M
Deferred income taxes (benefit)
$152.0M
($102.0M)
($68.0M)
($58.0M)
Net losses on sales of securities
$111.0M
—
$2.0M
$2.0M
Changes in fair value of mortgage servicing rights
$185.0M
$108.0M
$422.0M
$328.0M
Gain on Visa shares exchange program
-448.0M
—
0
0
Trading securities and other short-term investments
($187.0M)
$105.0M
($3.3B)
($1.6B)
Loans held for sale and related securitization activity
$377.0M
$571.0M
($248.0M)
($955.0M)
Other assets
($285.0M)
$474.0M
$2.6B
$1.8B
Accrued expenses and other liabilities
($1.3B)
($1.8B)
($2.1B)
($2.4B)
Other operating activities, net
$1.1B
$480.0M
$379.0M
$126.0M
Net cash provided (used) by operating activities
$4.1B
$1.9B
$3.6B
$971.0M
Securities available-for-sale
$12.0B
$7.7B
$1.3B
$1.3B
Loans
$403.0M
$177.0M
$574.0M
$293.0M
Securities available-for-sale
$4.4B
$1.9B
$5.6B
$3.4B
Securities held-to-maturity
$6.6B
$4.5B
$10.2B
$6.8B
Securities available-for-sale
($13.7B)
($5.7B)
($12.1B)
($9.0B)
Securities held-to-maturity
($11.1B)
($3.3B)
($5.2B)
($4.0B)
Loans
($1.1B)
($600.0M)
($1.6B)
($853.0M)
Net change in federal funds sold and resale agreements
$501.0M
$260.0M
($857.0M)
($188.0M)
Other changes in loans, net
($20.5B)
($13.8B)
($10.0B)
($9.8B)
Net cash paid for acquisition
($80.0M)
($80.0M)
—
—
Other investing activities, net
($3.1B)
($1.6B)
($1.5B)
($670.0M)
Net cash provided (used) by investing activities
($25.6B)
($10.6B)
($13.5B)
($12.7B)
Noninterest-bearing deposits
($2.3B)
($2.3B)
($1.4B)
$613.0M
Interest-bearing deposits
($11.9B)
($3.9B)
$7.4B
($654.0M)
Federal funds purchased and repurchase agreements
($44.0M)
($28.0M)
$96.0M
($36.0M)
Short-term Federal Home Loan Bank advances
$4.0B
—
—
—
Other borrowed funds
$198.0M
$290.0M
$770.0M
$149.0M
Federal Home Loan Bank advances
$28.0B
$10.0B
$4.1B
$3.0B
Senior debt
$4.2B
$2.6B
$8.0B
$5.2B
Subordinated debt
$1.5B
$1.5B
—
—
Common and treasury stock
$34.0M
$26.0M
$61.0M
$34.0M
Federal Home Loan Bank advances
($6.0B)
($3.0B)
($10.0B)
($7.0B)
Senior debt
($4.3B)
($3.0B)
($2.8B)
($2.8B)
Subordinated debt
($71.0M)
—
($700.0M)
($700.0M)
Acquisition of treasury stock
($1.4B)
($796.0M)
($932.0M)
($598.0M)
Preferred stock cash dividends paid
($158.0M)
($73.0M)
($225.0M)
($154.0M)
Common stock cash dividends paid
($1.4B)
($696.0M)
($2.0B)
($1.3B)
Other financing activities, net
$137.0M
$154.0M
—
—
Net cash provided (used) by financing activities
$10.6B
$644.0M
$2.5B
($4.1B)
Net Increase (Decrease) In Cash, Cash Equivalents And Restricted Cash
($11.0B)
($8.0B)
($7.4B)
($15.9B)
Cash, cash equivalents and restricted cash at beginning of period
$39.7B
$39.7B
$46.3B
$46.3B
Cash, cash equivalents and restricted cash at end of period (b)