PNC Financial ServicesPNCEarnings & Financial Report
The PNC Financial Services Group, Inc. is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 states and the District of Columbia, with 2,629 branches and 9,523 ATMs. PNC Bank is one of the largest banks in the US by assets and by number of branches, deposits, and ATMs.
Revenue
$5.4B
Gross Profit
N/A
Operating Profit
$1.8B
Net Profit
$1.5B
Gross Margin
N/A
Operating Margin
33.6%
Net Margin
27.3%
YoY Growth
2.2%
EPS
$3.39
PNC Financial Services Q2 FY2024 Financial Summary
PNC Financial Services reported revenue of $5.4B (up 2.2% YoY) for Q2 FY2024, with a net profit of $1.5B (down 1.5% YoY) (27.3% margin).
Key Financial Metrics
| Total Revenue | $5.4B |
|---|---|
| Net Profit | $1.5B |
| Gross Margin | N/A |
| Operating Margin | 33.6% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
PNC Financial Services Q2 FY2024 revenue of $5.4B breaks down across 10 segments, led by Retail Banking1 at $2.7B (50.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Retail Banking1 | $2.7B | 50.1% |
| Corporate Institutional Banking | $1.5B | 28.3% |
| Other | $650.0M | 12.0% |
| Interchange Fees | $170.0M | 3.1% |
| Deposit Account Fees | $158.0M | 2.9% |
| Credit Card Reward Costs | $113.0M | 2.1% |
| Commercial And Residential Mortgage Banking Fees | $28.0M | 0.5% |
| Cash And Cash Management Fees Other | $22.0M | 0.4% |
| Lending And Deposit Services Other | $19.0M | 0.4% |
| Treasury Management Fees | $11.0M | 0.2% |
PNC Financial Services Revenue by Segment — Quarterly Trend
PNC Financial Services revenue by segment across the last 4 reported quarters, showing how each business line (such as Retail Banking1 and Corporate Institutional Banking) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Other | $401.0M | $2.5B | $1.7B | $2.4B |
| Interchange Fees | — | $181.0M | — | — |
PNC Financial Services Annual Revenue by Year
PNC Financial Services annual revenue history includes year-by-year totals (for example, 2025 revenue was $23.1B).
| Year | Annual Revenue |
|---|---|
| 2025 | $23.1B |
| 2024 | $21.6B |
| 2023 | $21.5B |
| 2022 | $21.1B |
PNC Financial Services Quarterly Revenue & Net Profit History
PNC Financial Services results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $6.2B | +13.1% | $1.8B | 28.7% |
| Q4 FY2025 | $6.1B | +9.1% | $2.0B | 33.5% |
| Q3 FY2025 | $5.9B | +8.9% | $1.8B | 30.8% |
| Q2 FY2025 | $5.7B | +4.6% | $1.6B | 29.0% |
| Q1 FY2025 | $5.5B | +6.0% | $1.5B | 27.5% |
| Q4 FY2024 | $5.6B | +3.8% | $1.6B | 29.2% |
| Q3 FY2024 | $5.4B | +3.8% | $1.5B | 27.7% |
| Q2 FY2024 | $5.4B | +2.2% | $1.5B | 27.3% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.41B | $5.43B | $5.57B | $5.45B | $5.66B | $5.92B | $6.07B | $6.17B |
| YoY Growth | 2.2% | 3.8% | 3.8% | 6.0% | 4.6% | 8.9% | 9.1% | 13.1% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $556.52B | $564.88B | $560.04B | $554.72B | $559.11B | $568.77B | $573.57B | $603.03B |
| Liabilities | $503.84B | $509.15B | $505.57B | $498.27B | $501.45B | $509.73B | $512.94B | $539.35B |
| Equity | $52.64B | $55.69B | $54.42B | $56.41B | $57.61B | $58.99B | $60.59B | $63.63B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $1.03B | $3.29B | $1.80B | $-509.0M | $1.48B | $2.66B | $757.0M |