PNC Financial Services Group

PNC Corporate HQ

PNC Financial Services Group Inc, headquartered in Pittsburgh, Pennsylvania, is one of the largest financial services providers in the United States with more than 12 million retail customers. The company employs about 54,000 people and operates through a network of around 2,230 branches and 8,400 ATMs across 29 states. PNC is one of the five largest U.S. banks by retail deposts and branches and the fourth largest U.S. bank by number of ATMs. It also has international offices in Canada, Germany, the UK and China. PNC provides a full range of products and services to individuals, SMEs, corporations and governments. The company’s main business segments are Retail Banking, Corporate & Institutional Banking and Asset Management. It offers checking and savings accounts, lending and brokerage products, credit cards, residential mortgages, personal and auto loans, home equity and education loans, insurance and investment solutions, mobile and online banking and foreign exchange. It also offers treasury management, retirement products, private banking, wealth management, advisory services, real estate finance, cash and fixed income solutions and much more. In June 2021, PNC completed acquisition of Alabama-chartered bank BBVA USA (BBVA Compass) for $11.5 billion in cash. As of December 31, 2024, PNC Financial Services Group reported total assets, deposits and net loans of $560 billion, $427 billion and $312 billion, respectively. PNC shares are listed on the New York Stock Exchange (NYSE), with a market capitalization of $77 billion as of February 10, 2025.

Financials

Total revenue	$21.56 billion (2024)
Net income	$5.95 billion (2024)
Total assets	$560.04 billion (2024)
Shareholders’ equity	$54.43 billion (2024)
Number of employees (FTE)	53,686

Credit Ratings (Senior debt):
PNC Financial Services Group
Moody’s: A3
Fitch: A
Standard & Poor's: A-

PNC Bank, N.A.
Moody’s: A2
Fitch: A+
Standard & Poor's: A
Ratings as of February 2025