The PNC Financial Services Group (PNC) Earnings Date and Reports 2024 (2024)

FAQs

What is PNC earnings in 2024? ›

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.

The average price target represents 15.49% Increase from the current price of $146.73. PNC Financial's analyst rating consensus is a Moderate Buy. This is based on the ratings of 15 Wall Streets Analysts.

Who is the owner of PNC Bank? PNC Financial Services, of which PNC Bank is the primary subsidiary, is a publicly traded bank stock and is not owned by any one person. PNC is a component of the S&P 500 and is one of the largest regional financial institutions in the United States.

Largest shareholders include Vanguard Group Inc, BlackRock Inc., Fmr Llc, State Street Corp, Capital International Investors, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Wellington Management Group Llp, Jpmorgan Chase & Co, VFINX - Vanguard 500 Index Fund Investor Shares, and Bank Of America Corp / ...

16, 2020, PNC and the Spanish financial group, Banco Bilbao Vizcaya Argentaria, S.A. announced that they signed a definitive agreement for PNC to acquire BBVA USA Bancshares, Inc., including its U.S. banking subsidiary, BBVA USA, for a purchase price of $11.6 billion funded with cash on hand in a fixed price structure.

PITTSBURGH, Oct. 3, 2023 /PRNewswire/ -- PNC Bank ("PNC") today announced it has acquired a portfolio of capital commitments facilities from Signature Bridge Bank, N.A. through an agreement with the Federal Deposit Insurance Corporation ("FDIC") as Receiver. The transaction closed Oct. 2, 2023.

PNC Financial Services long term debt for 2023 was $72.737B, a 23.89% increase from 2022. PNC Financial Services long term debt for 2022 was $58.713B, a 90.73% increase from 2021. PNC Financial Services long term debt for 2021 was $30.784B, a 17.24% decline from 2020.

The PNC Financial Services Group has received a consensus rating of Hold. The company's average rating score is 2.15, and is based on 4 buy ratings, 7 hold ratings, and 2 sell ratings.

Pittsburgh-based PNC Bank closed its acquisition of BBVA's American banking business in June, and BBVA customers who haven't already seen changes to their deposit, credit or investment accounts should experience them by early October.

PNC Bank is a member of the Federal Deposit Insurance Corporation (FDIC). The Federal Deposit Insurance Corporation (FDIC) is a federal agency organized in 1933 that insures depositors' accounts up to the insured amount at most commercial banks and savings associations.

Is the PNC Bank at risk of collapse? ›

Importantly, PNC and PNC Bank are not in financial distress or in danger of failing. As of September 30, 2022, both PNC and PNC Bank had regulatory capital ratios significantly in excess of the amount required to be considered “well capitalized” under U.S. banking regulations.

Historical daily share price chart and data for PNC Financial Services since 1988 adjusted for splits and dividends. The latest closing stock price for PNC Financial Services as of May 03, 2024 is 156.22. The all-time high PNC Financial Services stock closing price was 204.84 on January 13, 2022.

According to our data, The PNC Financial Services Group, Inc. has a market capitalization of US$58b, and paid its CEO total annual compensation worth US$20m over the year to December 2023. This means that the compensation hasn't changed much from last year.