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20.09.2024
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PNC Financial Services Group, Plaid Enter Data Access Agreement
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Arrangement allows PNC customers to more safely, securely permission financial data to Plaid powered apps and services
PITTSBURGH, Sept. 20, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) and Plaid have entered into a bilateral data access agreement that will enable PNC customers nationwide to more safely and securely co...
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19.09.2024
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PNC Bank, N.A. Changes Prime Rate
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PITTSBURGH, Sept. 18, 2024 /PRNewswire/ -- PNC Bank, N.A. announced a decrease in its prime lending rate. The new rate of 8.00% is effective tomorrow, Sept. 19, 2024.
PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the Unite...
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04.09.2024
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Business Owners Remain Optimistic About Economy, According to PNC Survey
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56% of small and mid-sized business owners surveyed are optimistic about the national economy – up significantly from 34% a year ago.76% are highly optimistic about the prospects of their own business.64% of business owners expect an increase in demand in the next six months.PITTSBURGH, Sept. 4, 2024 /PRNewswire/ -- PNC's latest semi-annual surve...
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03.09.2024
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The PNC Financial Services Group Announces Third Quarter Conference Call Details
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PITTSBURGH, Sept. 3, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the third quarter 2024 at approximately 6:30 a.m. (ET), Tuesday, Oct. 15, 2024, as previously announced. PNC Chairman and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Of...
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28.08.2024
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PNC Bank Survey Reveals Varying Financial Wellness Needs Across America's Most Generationally Diverse Workforce
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Annual Financial Wellness in the Workplace Report Highlights Workplace Stressors, Benefits Needs and Financial Goals Across Generations
PITTSBURGH, Aug. 28, 2024 /PRNewswire/ -- PNC Bank today released findings from its second annual Financial Wellness in the Workplace Report entitled, "The Evolving Needs of the Multigenerational American Workfor...
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26.08.2024
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PNC Executives To Speak At Barclays Global Financial Services Conference
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PITTSBURGH, Aug. 26, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chairman and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will discuss business performance and strategy at 12:00 p.m. (ET) Monday, Sept. 9, at the Barclays Globa...
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16.07.2024
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PNC Reports Second Quarter 2024 Net Income of $1.5 Billion, $3.39 Diluted EPS
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Generated positive operating leverage; grew NII and NIM; maintained 2.5% SCB requirementIncreased quarterly common stock dividend 5 cents to $1.60 per share on July 2, 2024
PITTSBURGH, July 16, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported:
For the quarter
In millions, except per share data and as noted
2Q...
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03.07.2024
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The PNC Financial Services Group Provides Quarterly 2025 Earnings Release Dates
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PITTSBURGH, July 3, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that it expects to issue 2025 quarterly earnings releases pre-market open and hold conference calls at the following times:
First Quarter – Tuesday, April 15, 2025 at 10 a.m. (ET)Second Quarter – Wednesday, July 16, 2025 at 10 a.m. (ET)Thir...
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02.07.2024
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PNC Raises Common Stock Dividend To $1.60 Per Share
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PITTSBURGH, July 2, 2024 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.60 per share, an increase of $0.05 cents per share, or 3%, from the second quarter dividend of $1.55 per share. The dividend will be payable Aug. 5, 2024, to shareholder...
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28.06.2024
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PNC Releases Results of Dodd-Frank Company-Run Stress Test
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PITTSBURGH, June 28, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today the results of its biennial company-run stress test conducted in accordance with regulations of the Board of Governors of the Federal Reserve System (Federal Reserve) and the Office of the Comptroller of the Currency (OCC) under the Dodd-F...
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28.06.2024
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PNC Announces Stress Capital Buffer (SCB) and Planned Capital Actions
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PITTSBURGH, June 28, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) this week received the results of the Federal Reserve's 2024 Comprehensive Capital Analysis and Review (CCAR). The Federal Reserve's CCAR disclosure included its estimate of PNC's minimum capital ratios for the period from the first quarter of 2024 throug...
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05.06.2024
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PNC Bank Launches $120,000 Scholarship Program to Expand Access to Higher Education
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Current and future college students can apply now for one of 12 available scholarships
PITTSBURGH, June 5, 2024 /PRNewswire/ -- PNC Bank today introduced an enhanced program that will award $10,000 scholarships to 12 deserving students attending or planning to attend college across the country.
PNC's existing, decade-long scholarship program curr...
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04.06.2024
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The PNC Financial Services Group Announces Second Quarter Conference Call Details
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PITTSBURGH, June 4, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the second quarter 2024 at approximately 6:30 a.m. (ET), Tuesday, July 16, 2024, as previously announced. PNC Chairman and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Of...
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03.06.2024
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PNC Executive To Speak At Morgan Stanley Investor Conference
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PITTSBURGH, June 3, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Executive Vice President and Chief Financial Officer Robert Q. Reilly will discuss business performance and strategy at 1 p.m. (ET) Tuesday, June 11, at the Morgan Stanley US Financials Conference in New York City.
The following will b...
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15.05.2024
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PNC Executives To Speak At Bernstein Conference
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PITTSBURGH, May 15, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chairman and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will discuss business performance and strategy at 1:30 p.m. (ET) Wednesday, May 29, at the Bernstein Stra...
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07.05.2024
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PNC Bank Introduces New Cash Unlimited Visa Signature® Credit Card Offering 2% Cash Back Across All Eligible Purchases
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Embracing simplicity and competitive value, the new card delivers a suite of benefits that help meet today's consumer needs
PITTSBURGH, May 7, 2024 /PRNewswire/ -- PNC Bank announced today the launch of its newest credit card, the PNC Cash Unlimited® Visa Signature credit card. The bank's latest credit card is designed to provide straightforward,...
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06.05.2024
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PNC, TCW Partner To Expand Capabilities, Create Private Credit Platform
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New Strategy Creates Opportunity for Significant Expansion in Middle Market Lending
PITTSBURGH and LOS ANGELES, May 6, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. ("PNC"), one of the largest diversified financial institutions in the U.S., and the TCW Group, Inc. ("TCW"), a leading global asset manager, today announced they are par...
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16.04.2024
PNC
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PNC Reports First Quarter 2024 Net Income of $1.3 Billion, $3.10 Diluted EPS, or $3.36 Excluding a $130 Million FDIC Special Assessment
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Grew liquidity and capital; reduced expenses; credit quality stable
PITTSBURGH, April 16, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported:
For the quarter
In millions, except per share data and as noted
1Q24
4Q23
1Q23
First Quarter Highlights
Financial Results
Comparisons reflect 1Q24 vs. 4Q23
Revenue
$ 5...
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03.04.2024
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PNC Declares Dividend of $1.55 on Common Stock
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PITTSBURGH, April 3, 2024 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.55 per share. The dividend, with a payment date of May 5, 2024, will be payable the next business day to shareholders of record at the close of business April 15, 2024....
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18.03.2024
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PNC Bank Highlights Nearly 160 Years of Reliable and Responsible Banking With 'Boring' Brand Campaign
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National TV spot focuses on longtime strategy that has fueled coast-to-coast expansion
PITTSBURGH, March 18, 2024 /PRNewswire/ -- PNC Bank ("PNC") debuted today its new Brilliantly Boring℠ brand campaign, a humorous and self-deprecating nod to the strategy that has fueled its growth for nearly 160 years. The campaign — which kicks off today with...
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13.03.2024
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PNC Names Michael Thomas Head of Corporate & Institutional Banking
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PITTSBURGH, March 13, 2024 /PRNewswire/ -- PNC Bank today announced that Michael Thomas has been named head of Corporate & Institutional Banking (C&IB), effective immediately. Based in Pittsburgh, Thomas will report to Michael P. Lyons, president. Thomas succeeds Lyons in the role, after Lyons was appointed president Feb. 20, 2024.
"Mike...
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05.03.2024
PNC
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The PNC Financial Services Group Announces First Quarter 2024 Earnings Conference Call, Virtual-Only Annual Shareholders Meeting Details
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PITTSBURGH, March 5, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the first quarter of 2024 at approximately 6:45 a.m. (ET), Tuesday, April 16, as previously announced. PNC Chairman and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Offi...
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28.02.2024
PNC
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PNC Survey Shows Business Owner Optimism Continues to Soar Amid Improving Economic Conditions
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55% of small and mid-sized business owners surveyed are optimistic about the national economy.79% are highly optimistic about the prospects of their own business.Inflation pressures are easing with fewer than half expecting to raise prices in the next six months.PITTSBURGH, Feb. 28, 2024 /PRNewswire/ -- PNC's latest semi-annual survey of small an...
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21.02.2024
PNC
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PNC Executive To Speak At RBC Capital Markets Conference
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PITTSBURGH, Feb. 21, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Executive Vice President and Chief Investment Officer Gagan Singh will discuss business performance and strategy at 1:20 p.m. (ET) Tuesday, March 5, at the RBC Capital Markets Global Financial Institutions Conference in New York City...
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20.02.2024
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PNC Appoints Michael P. Lyons President
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PITTSBURGH, Feb. 20, 2024 /PRNewswire/ -- The PNC Financial Services Group (NYSE: PNC) today announced that its Board of Directors has unanimously appointed Michael P. Lyons president of the corporation and its wholly owned banking subsidiary, PNC Bank, National Association, effective immediately....
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14.02.2024
PNC
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PNC Bank Announces Nearly $1 Billion Investment In Coast-to-Coast Branch Network
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Plans to open more than 100 new branches, renovate more than 1,200 existing locations
PITTSBURGH, Feb. 14, 2024 /PRNewswire/ -- PNC Bank announced today a significant investment in its branch network aimed at extending access to banking services and financial expertise for customers and communities across the country. The plan includes an approxi...
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07.02.2024
PNC
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PNC Executive To Speak At Bank of America Conference
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PITTSBURGH, Feb. 7, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Executive Vice President and Chief Financial Officer Robert Q. Reilly will discuss business performance and strategy at 8:50 a.m. (ET) Wednesday, Feb 21, at the Bank of America Financial Services Conference in Miami, FL.
The following...
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16.01.2024
PNC
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PNC Reports Full Year 2023 Net Income of $5.6 Billion, $12.79 Diluted EPS or $14.10 as Adjusted
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Fourth quarter 2023 net income was $0.9 billion, $1.85 diluted EPS or $3.16 as adjusted
Grew revenue; increased average loans and deposits
PITTSBURGH, Jan. 16, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported:
For the quarter
For the year
In millions, except per share data and as noted
4Q23
3Q23
2023
2022
Fou...
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04.01.2024
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PNC Declares Dividend of $1.55 on Common Stock
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PITTSBURGH, Jan. 4, 2024 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.55 per share. The dividend will be payable Feb. 5, 2024, to shareholders of record at the close of business Jan. 16, 2024.
The board also declared a cash dividend on the...
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