The PNC Financial Services Group, Inc. (PNC) — Financial statements
Income statement, balance sheet, and cash flow for The PNC Financial Services Group, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 31,342↓7.0% | 33,694↑5.6% | 31,901↑35.5% | 23,536↑19.5% | 19,698 | |
| Cost of Revenue | 8,883↓35.1% | 13,682↑22.7% | 11,153↑285.5% | 2,893↑1090.8% | -292 | |
| Gross Profit | 22,459↑12.2% | 20,012↓3.5% | 20,748↑0.5% | 20,643↑3.3% | 19,990 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 9,093↑24.5% | 7,302↓1.7% | 7,428↑2.5% | 7,244↑1.4% | 7,141 | |
| Selling & Marketing Expenses | 378↑4.4% | 362↑3.4% | 350↓1.4% | 355↑11.3% | 319 | |
| SG&A Expenses | 9,471↑23.6% | 7,664↓1.5% | 7,778↑2.4% | 7,599↑1.9% | 7,460 | |
| Other Expenses | 4,502↓11.8% | 5,106↓18.1% | 6,234↑11.9% | 5,571↑0.5% | 5,542 | |
| Operating Expenses | 13,973↑9.4% | 12,770↓8.9% | 14,012↑6.4% | 13,170↑1.3% | 13,002 | |
| Total Costs & Expenses | 22,856↓13.6% | 26,452↑5.1% | 25,165↑56.7% | 16,063↑26.4% | 12,710 | |
| Operating Results | ||||||
| Operating Income | 8,486↑17.2% | 7,242↑7.5% | 6,736↓9.9% | 7,473↑6.9% | 6,988 | |
| Depreciation & Amortization | 90↓65.3% | 259↑19.4% | 217↓66.7% | 651↓63.3% | 1,773 | |
| EBITDA | 8,576↑14.3% | 7,501↑7.9% | 6,953↓14.4% | 8,124↓7.3% | 8,761 | |
| EBIT | 8,486↑17.2% | 7,242↑7.5% | 6,736↓9.9% | 7,473↑6.9% | 6,988 | |
| Interest & Other Income | ||||||
| Net Interest Income | 14,410↑6.7% | 13,499↓3.0% | 13,916↑6.9% | 13,014↑22.2% | 10,647 | |
| Interest Income | 25,307↓4.1% | 26,384↑8.5% | 24,308↑57.5% | 15,436↑38.6% | 11,134 | |
| Interest Expense | 10,897↓15.4% | 12,885↑24.0% | 10,392↑329.1% | 2,422↑397.3% | 487 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 8,486↑17.2% | 7,242↑7.5% | 6,736↓9.9% | 7,473↑6.9% | 6,988 | |
| Income Tax Expense | 1,489↑15.5% | 1,289↑18.4% | 1,089↓19.9% | 1,360↑7.7% | 1,263 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 6,997↑17.5% | 5,953↑5.4% | 5,647↓7.6% | 6,113↑6.8% | 5,725 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 6,936↑17.8% | 5,889↑5.6% | 5,578↓7.7% | 6,041↑6.5% | 5,674 | |
| Bottom-Line Net Income | 6,613↑20.3% | 5,496↑7.2% | 5,126↓10.2% | 5,708↑5.5% | 5,409 | |
| EPS (Basic) | 16.62↑20.8% | 13.76↑7.5% | 12.80↓7.6% | 13.86↑9.0% | 12.71 | |
| EPS (Diluted) | 16.59↑20.7% | 13.74↑7.4% | 12.79↓7.7% | 13.85↑9.1% | 12.70 | |
| Weighted Average Shares | 394↓1.3% | 399↓0.5% | 401↓2.7% | 412↓3.3% | 426 | |
| Weighted Average Diluted Shares | 394↓1.5% | 400↓0.2% | 401↓2.7% | 412↓3.3% | 426 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.