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PNC Financial Services (PNC) stock

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NYSE: PNC NYSE Diversified Banks Next results ~January 15, 2027

C+ Fundamentals grade

PNC Financial Services is a US-listed company in the diversified banks industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$200

Valuation models combined (6)

Base case. Range ~$130–$230. Weighted average of 6 models (residual income, justified price-to-book, price-to-book vs return on equity (peers), price-to-book vs peers, forward price-to-earnings vs peers, dividend discount (two-stage)), the residual income counting double.

Price vs value

Overvalued

The price is above our entire value range; our base value is 13% below it.

Price used: $231.66, November 2, 2026

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 9 selling1 purchase and 15 sales by directors and officers, last 12 monthsInsider trades
  • Funds1,009 adding, 762 cuttingOf 94 active managers that changed their stake, 37 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter PNC Financial Services files

Where PNC Financial Services stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $25.0bn, up 13.2% on a year earlier, faster than 8.9% a quarter earlier. Our valuation models combined value is $203 a share, against a share price of $220.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 15, 2027 (estimated)

PNC Financial Services's trailing-twelve-month revenue grew 13.2% year on year, with a free-cash-flow margin of 28.4%. Where it stands out: change in growth rate of +4.3pp ranks 3 of 14 diversified banks companies we cover.

Current signal Revenue growth accelerating: TTM revenue growth rose to 13.2% (+4.3pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Strengths

  • Growth speeding up. The growth rate is 4.3 points higher than a quarter earlier.
  • Strong cash generation. 28.4% of revenue turned into free cash flow.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • High debt. Long-term debt exceeds cash by $57.0bn, more than 1.5 times annual revenue.
  • Below peers: change in share count. Change in share count of 0.1% ranks 11 of 14 diversified banks companies we cover (median -0.3%).

Latest results: FY2026 Q2

Filed August 5, 2026
Earnings per share
$4.97 against an average estimate of $4.89: beat by 1.6%
Revenue
$6.88bn, up 21.4% on a year earlier
Share reaction
+0.7% in the first session after the results on October 15, 2026, against -0.8% for the S&P 500
Next report
January 15, 2027; average EPS estimate $5.10

PNC Financial Services' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.7%
  • 1 week+2.6%
  • 1 month+5.8%
  • This year+14.6%
  • 1 year+31.1%
  • 5 years+31.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$25B
Net margin
29.4%
EPS (TTM, diluted)
$18.43

Growth

Revenue growth
+13.2%
Change in growth rate
+4.3 pts
Share count change
+0.1%

Earnings

Last results
October 15, 2026
Next results (est.)
January 15, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Announcement
  3. Results
  4. Financing
  5. Dividend
  6. Announcement
  7. Announcement
  8. Announcement
  9. Announcement
  10. Results
  11. Financing
  12. Dividend

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$200
Price used
$230.04close November 3, 2026
Implied change
▼ 13%
Uncertainty
Low

How we got here: the combined value of 6 valuation models built for a business like PNC Financial Services (see the models table below and how they are combined) , with a 8.69% cost of equity. The models span ~$130–~$230; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Valuation models

We value PNC Financial Services as a bank or lender, with every model that fits that kind of business. Cost of equity 8.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.83 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$200 ~$150–$290 Primary model, counts double
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$220 ~$190–$270 Included
Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. ~$220 ~$130–$310 Included
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$130 ~$170–$250 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$210 ~$200–$250 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. ~$230 ~$190–$280 Included
Combined value Weighted average of the models that apply: the primary model (residual income) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$200 ~$130–$230 6 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare PNC Financial Services with banks and lenders in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

72 /100

Strong moat

How hard PNC Financial Services's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 12 / 20

    Net income has been a median 1.0% of total assets over 10 years.

  • Durability 15 / 20

    Net margin has been a median 26.6%; its worst year was 12.4%.

  • Discipline 19 / 20

    The diluted share count fell 6.3% over five years; stock-based pay has been a median 1.1% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (77 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: January 15, 2027, before the open. Analysts expect revenue of $6.8bn and EPS of $5.10 (range $4.85 to $5.22) for the quarter.

Analysts' consensus

PNC Financial Services: consensus estimates
Fiscal yearEPSGrowthRevenueGrowth
Current $18.96 +14% $26.4bn +14%
Next $21.35 +13% $27.8bn +6%

Next year's EPS estimate has moved −0.7% in 90 days, across 20 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +0.4% on 90 days ago. In the last 30 days, 7 analysts raised PNC Financial Services's forecast and 4 cut it.

Consensus EPS forecast PNC Financial Services, last 90 days
$18.00 $19.00 $20.00 $21.00 $22.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $18.87 Current fiscal year, 60 days ago: $18.88 Current fiscal year, 30 days ago: $18.87 Current fiscal year, 7 days ago: $18.95 Current fiscal year, Now: $18.96 $18.96 Next fiscal year, 90 days ago: $21.50 Next fiscal year, 60 days ago: $21.52 Next fiscal year, 30 days ago: $21.55 Next fiscal year, 7 days ago: $21.40 Next fiscal year, Now: $21.35 $21.35

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $18.87$21.50
60 days ago $18.88$21.52
30 days ago $18.87$21.55
7 days ago $18.95$21.40
Now $18.96$21.35

Earnings against estimates

PNC Financial Services: reported EPS against the consensus estimate
Quarter toEstimateActualSurprise
Sept 2026 $4.89 $4.97 +1.6%
Jun 2026 $4.45 $4.81 +8.0%
Mar 2026 $3.95 $4.13 +4.6%
Dec 2025 $4.21 $4.88 +15.9%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 15, 2026

No numeric guidance in PNC Financial Services's latest earnings release (filed October 15, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

23 analysts, Oct 2026
Buy1670%
Hold730%
Sell00%

Monthly trend

  1. Oct 2026511723
  2. Sep 2026511622
  3. Aug 2026411722
  4. Jul 2026411722

Counts of recommendations published by analysts covering PNC Financial Services, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.1%
of tradable shares
Days to cover
3.72
at average volume
Short interest, 1 month
+7%
to October 15, 2026
Held by institutions
86%
of shares
Held by insiders
0.3%
of shares
Employees
55,572
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +31.1%

$176.73 on October 31, 2025 to $231.66

PNC Financial Services: share-price change split into its parts
PartThenNowEffect
Revenue (last 12 months) $22.1bn $25.0bn +13.2%
Net margin 26.8% 29.4% +9.7%
P/E multiple 11.9x 12.6x +5.7%
Share count 399m 399m −0.1%

Biggest factor: revenue.

Last 3 years +109.2%

$110.71 on November 3, 2023 to $231.66

PNC Financial Services: share-price change split into its parts
PartThenNowEffect
Revenue (last 12 months) $22.2bn $25.0bn +12.7%
Net margin 26.6% 29.4% +10.8%
P/E multiple 7.6x 12.6x +65.6%
Share count 404m 399m +1.3%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

PNC Financial Services: yearly return, monthly win rate and worst fall against the S&P 500
Calendar year 202120222023202420252026 to date
Return
PNC+38%−19%+3%+29%+12%+15%
Industry peers (median)+28%−19%+5%+34%+28%+5%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
PNC67%42%58%50%58%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
PNC−11%−34%−33%−12%−26%−17%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 50% from December 26, 2019 to March 23, 2020. Getting back needed a 98% gain, reached on January 6, 2021, 289 days after the low.

Price behaviour

52-week range
$173.33 – $254.63
From 52-week high
−9.0%
vs 50-day average
+1.5%
vs 200-day average
+2.7%
Volatility (1 year)
21%
Beta vs S&P 500
0.54

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 4 down
typical move ±2.4%
After a week
9 up, 3 down
typical move ±2.5%
After a month
7 up, 4 down
typical move ±5.6%
PNC Financial Services: share-price change after each results release
Results releasedNext dayS&P 500 next day5 days21 days
October 15, 2026 +0.7% −0.8% +4.5% —
July 15, 2026 +1.3% −0.1% +1.0% +2.1%
April 15, 2026 −0.5% +1.0% +1.7% −3.5%
January 16, 2026 +3.5% −2.1% +3.4% +9.1%
November 7, 2025 +1.2% +1.7% +0.6% +10.5%
October 15, 2025 −6.0% −0.2% −4.5% −3.0%
July 16, 2025 +2.0% +0.9% +2.9% +1.3%
April 15, 2025 −1.4% −2.5% +2.4% +16.7%
January 16, 2025 −0.9% +0.8% −0.5% −2.0%
November 8, 2024 +3.2% +0.5% +2.2% +0.6%
October 15, 2024 +1.6% −0.3% −0.4% +12.0%
July 16, 2024 +6.3% −0.8% +5.7% −0.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How PNC Financial Services’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Options look rich

Option prices imply clearly more movement than the shares have shown. That strengthens the case for selling options.

  • Implied is 1.58× the last 60 days’ realised volatility , richer than 97% of the 229 stocks we screen today.
  • Why: implied is 1.58x 60-day realised, above 1-year realised, and in the top 20% of our coverage today.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

PNC PNC Financial Services Grade C+ $231.43

Own 100 shares, sell the $235 call expiring December 4, 2026 (32 days) for $5.20 a share — $520 per contract.

Previous session · Bid $5.20, ask $6.10, quoted Mon 2 Nov, 17:33 New York time with PNC at $231.43. Option prices move with the shares: check the live chain at your broker before trading.

  • If PNC ends below $235: you keep your shares and the $520 — 2.3% extra on the position, 25.6% a year at that pace.
  • If it ends above $235: your shares are sold at $235, a total return of 3.8% including the premium — at or above our value of ~$200.
$877 $0 −$4.5k Our value $200 Break-even $226.23 Price $231.43
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$520
Annualised
25.6%
Break-even
$226.23
Max gain
$877
Chance of selling
~46%

Collar

Own the shares, buy the $220 put and sell the $250 call, both expiring December 18, 2026 (46 days).

  • Net cost of $1.65 a share ($165 per contract of 100 shares).
  • Worst case at expiry: -5.7%, if the shares fall below $220 (-4.9% from today).
  • Best case at expiry: +7.3%, if the shares rise above $250 (+8.0%); gains beyond that go to the call buyer.

Offered because the shares trade at or above our fair value of $200: a way to hold on with a floor under the price, paid for by giving up upside the model does not expect. Strikes near 25-delta; the put at its ask and the call at its bid. Protection has a cost over time: research on protective puts finds they have usually lowered returns.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

PNC Financial Services in five measures

Fundamentals grade C+
Growth Profitability Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) PNC Financial Services
$21B $22B $23B $24B $25B $26B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $21.9B Revenue (TTM), FY23 Q4: $21.5B Revenue (TTM), FY24 Q1: $21B Revenue (TTM), FY24 Q2: $21.2B Revenue (TTM), FY24 Q3: $21.3B Revenue (TTM), FY24 Q4: $21.6B Revenue (TTM), FY25 Q1: $21.9B Revenue (TTM), FY25 Q2: $22.1B Revenue (TTM), FY25 Q3: $22.6B Revenue (TTM), FY25 Q4: $23.1B Revenue (TTM), FY26 Q1: $23.8B Revenue (TTM), FY26 Q2: $25B $25B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $21.9B
FY23 Q4 $21.5B
FY24 Q1 $21B
FY24 Q2 $21.2B
FY24 Q3 $21.3B
FY24 Q4 $21.6B
FY25 Q1 $21.9B
FY25 Q2 $22.1B
FY25 Q3 $22.6B
FY25 Q4 $23.1B
FY26 Q1 $23.8B
FY26 Q2 $25B
Revenue growth, TTM YoY PNC Financial Services
-5% 0% 5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 6.9% Revenue growth, TTM YoY, FY23 Q4: 1.8% Revenue growth, TTM YoY, FY24 Q1: -4.5% Revenue growth, TTM YoY, FY24 Q2: -4.8% Revenue growth, TTM YoY, FY24 Q3: -2.5% Revenue growth, TTM YoY, FY24 Q4: 0.3% Revenue growth, TTM YoY, FY25 Q1: 3.9% Revenue growth, TTM YoY, FY25 Q2: 4.5% Revenue growth, TTM YoY, FY25 Q3: 5.8% Revenue growth, TTM YoY, FY25 Q4: 7.2% Revenue growth, TTM YoY, FY26 Q1: 8.9% Revenue growth, TTM YoY, FY26 Q2: 13.2% 13.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 6.9%
FY23 Q4 1.8%
FY24 Q1 -4.5%
FY24 Q2 -4.8%
FY24 Q3 -2.5%
FY24 Q4 0.3%
FY25 Q1 3.9%
FY25 Q2 4.5%
FY25 Q3 5.8%
FY25 Q4 7.2%
FY26 Q1 8.9%
FY26 Q2 13.2%
FCF margin (TTM) PNC Financial Services
10% 20% 30% 40% 50% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 37.2% FCF margin (TTM), FY23 Q4: 41.7% FCF margin (TTM), FY24 Q1: 42.1% FCF margin (TTM), FY24 Q2: 31.3% FCF margin (TTM), FY24 Q3: 45.9% FCF margin (TTM), FY24 Q4: 35.4% FCF margin (TTM), FY25 Q1: 25.4% FCF margin (TTM), FY25 Q2: 28.0% FCF margin (TTM), FY25 Q3: 25.4% FCF margin (TTM), FY25 Q4: 17.3% FCF margin (TTM), FY26 Q1: 27.1% FCF margin (TTM), FY26 Q2: 28.4% 28.4%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 37.2%
FY23 Q4 41.7%
FY24 Q1 42.1%
FY24 Q2 31.3%
FY24 Q3 45.9%
FY24 Q4 35.4%
FY25 Q1 25.4%
FY25 Q2 28.0%
FY25 Q3 25.4%
FY25 Q4 17.3%
FY26 Q1 27.1%
FY26 Q2 28.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

What PNC Financial Services earned on its loans and securities in FY2025, what it paid depositors and lenders, and how its revenue split between running costs, credit losses, tax and profit.

  1. Interest income $25.3B
  2. Fee and other income $8.7B · 37.6%
  3. Interest paid $10.9B
  4. Net interest income $14.4B · 62.4%
  5. Revenue $23.1B
  6. Non-interest expense $13.8B · 59.9%
  7. Credit-loss provisions $660M · 2.9%
  8. Pre-tax profit $8.6B · 37.3%
  9. Income tax $1.5B · 6.4%
  10. Other $540M · 2.3%
  11. Net income $6.6B · 28.5%
Where PNC Financial Services's revenue went, FY2025
Interest income $25.3B
Fee and other income $8.7B 37.6% of revenue
Interest paid $10.9B
Net interest income $14.4B 62.4% of revenue
Revenue $23.1B
Non-interest expense $13.8B 59.9% of revenue
Credit-loss provisions $660M 2.9% of revenue
Pre-tax profit $8.6B 37.3% of revenue
Income tax $1.5B 6.4% of revenue
Other $540M 2.3% of revenue
Net income $6.6B 28.5% of revenue

Shares of revenue. Source: PNC Financial Services's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

PNC Financial Services: annual financial statements
Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 16.2 15.2 14.3 15.5 16.0 15.4 15.2 15.2 16.3 16.2 16.8 16.9 19.2 21.1 21.5 21.6 23.1 25.0
Net income 2.0 3.0 3.0 2.8 3.9 3.9 3.9 3.7 5.1 4.3 4.3 2.7 5.4 5.7 5.1 5.5 6.6 7.4
Diluted EPS $4.36 $5.74 $5.64 $5.28 $7.36 $7.30 $7.39 $7.30 $10.36 $10.71 $11.39 $16.96 $12.70 $13.85 $12.79 $13.74 $16.59 $18.43
Growth (year on year)
Revenue +157.8% −6.5% −5.6% +8.3% +3.2% −4.0% −1.0% −0.4% +7.7% −0.9% +4.0% +0.4% +13.7% +9.9% +1.8% +0.3% +7.2% +13.2%
Net income +133.3% +50.2% −0.5% −6.0% +40.2% +0.1% −1.8% −5.2% +38.0% −15.8% +0.7% −36.6% +99.2% +5.5% −10.2% +7.2% +19.7% +24.2%
Diluted EPS +78.7% +31.7% −1.7% −6.4% +39.4% −0.8% +1.2% −1.2% +41.9% +3.4% +6.3% +48.9% −25.1% +9.1% −7.7% +7.4% +20.7% +24.0%
Margins
Net margin 12.3% 19.8% 20.8% 18.1% 24.6% 25.6% 25.4% 24.2% 30.9% 26.3% 25.4% 16.1% 28.2% 27.0% 23.9% 25.5% 28.5% 29.4%
Cash flow
Cash from operations 5.8 4.8 6.0 6.8 5.6 5.6 5.5 3.5 5.6 7.8 7.4 4.7 7.2 9.1 10.1 7.9 4.4 7.5
Stock-based pay 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.2 — — — — — — — — —
Balance sheet
Cash — — — — — — — — 5.2 5.6 5.1 7.0 82.3 34.4 50.7 46.3 39.7 28.7
Total debt 0.0 0.0 4.3 8.5 46.1 56.8 54.5 52.7 59.1 57.4 60.3 37.2 30.8 58.7 72.7 61.7 57.1 85.7
Net debt (negative = net cash) — — — — — — — — 53.8 51.8 55.2 30.2 −51.5 24.4 22.0 15.4 17.4 57.0
Diluted shares 455m 520m 526m 529m 532m 537m 521m 500m 486m 470m 448m 427m 426m 412m 401m 400m 396m 399m
Returned to shareholders
Dividends 0.4 0.2 0.6 0.8 0.9 1.0 1.0 1.1 1.3 1.6 1.9 2.0 2.1 2.4 2.5 2.5 2.6 2.7
Buybacks 0.2 0.2 0.1 0.2 0.0 1.2 2.2 2.1 2.4 2.9 3.6 1.6 1.1 3.7 0.7 0.7 1.3 2.2
Total returned 0.6 0.4 0.7 1.0 0.9 2.2 3.2 3.1 3.7 4.5 5.5 3.6 3.1 6.1 3.1 3.2 4.0 4.9

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$2.2B
Dividends (TTM)
$2.7B
Returned to shareholders
69%
of free cash flow
Buybacks, last 3 fiscal years
$2.7B
Diluted share count
+0.1%
year over year
Total shareholder yield
5.3%
dividends 2.9% + buybacks 2.3% of market value
Dividend payout ratio
37%
of net income paid out

Competitors: side by side with peers

Closest by revenue in diversified banks
Growth, margins and cash generation against peers
Last 12 months unless stated PNC BMO HDB BNS USB CM Median
Revenue, last 12 months $25.0bn $25.9bn $26.4bn $27.0bn $29.7bn $20.8bn $28.3bn
Revenue growth, last 12 months 13.2% 7.5% 1.7% 9.0% 6.7% 10.6% 9.6%
Revenue growth, 3-year average 4.1% — 86.1% — 3.2% — 4.9%
Revenue growth, latest quarter 21.4% — — — 10.1% — 10.1%
Net margin 29.4% 24.0% 30.3% 20.6% 27.5% 28.9% 27.2%
Cash from operations / revenue 29.9% 28.2% 48.1% 14.3% 42.2% 47.5% 30.6%
Free-cash-flow margin 28.4% 22.2% 45.8% 10.1% — — 24.3%
Free-cash-flow margin, 3-year average 29.2% 64.8% 41.6% 7.5% — — 27.9%
Stock pay / revenue 1.1% — 1.0% 0.0% 0.7% 0.1% 1.6%
Change in share count 0.1% −0.7% 0.6% 1.3% −0.3% −0.1% −0.5%

Median of all 14 companies we cover in diversified banks. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

14 diversified banks companies
Measures ranked against peers
Measure Company Peer median Rank
Revenue growth Growth 13.2% 10.2% 4 of 14
Change in growth rate Growth +4.3pp +1.8pp 3 of 14
Net margin Profitability 29.4% 27.5% 5 of 14
Change in share count Balance sheet 0.1% -0.3% 11 of 14

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue YoY
Retail Banking $14.9B ▲ 2.2%
Corporate Institutional Banking $11.2B ▲ 9.8%
Asset Management Group $1.7B ▲ 9.5%

These categories overlap or exclude eliminations, so shares aren't shown.

From PNC Financial Services's 10-K filed February 20, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Reported value
$82.5B
Institutions reporting
2,024
Shares held vs prior quarter
▲ 2.4%
Positions opened / closed
203 / 97

Top buyers and sellers, Q2 2026: 1,009 institutions bought and 762 sold ; the biggest buyer was Goldman Sachs Group Inc (+2.5M shares) and the biggest seller Viking Global Investors LP (−3.0M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $7.9B 32.2M 9.6% ▲ 0.6%
Vanguard Capital Management LLC $6.5B 26.2M 7.8% 0.0%
State Street Corp $4.5B 18.4M 5.5% ▲ 4.3%
FMR LLC $3.5B 14.3M 4.3% ▼ 9.1%
Vanguard Portfolio Management LLC $2.6B 10.6M 3.2% ▲ 8.6%
Norges Bank $2.5B 10.1M 3.0% —
Geode Capital Management, LLC $2.3B 9.5M 2.8% ▲ 1.2%
Bank Of America Corp $2.1B 8.5M 2.5% ▲ 6.9%
Franklin Resources Inc $2.1B 8.4M 2.5% ▼ 2.2%
Capital Research Global Investors $1.9B 7.7M 2.3% ▼ 11.9%
Massachusetts Financial Services Co $1.5B 6.0M 1.8% ▼ 20.0%
Wells Fargo & Company $1.5B 6.1M 1.8% ▲ 13.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not PNC Financial Services's complete shareholder register. Values are as reported by the filers ; 10 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Recent insider open-market transactions
Insider Date Trade Shares Price Value
Juchno Stacy M. Executive Vice President August 13, 2026 Sell 3,354 $255.84 $858,076
Deborah Guild Executive Vice President July 22, 2026 Sell 1,200 $252.19 $302,634
Thomas Michael Duane Executive Vice President June 12, 2026 Sell 1,500 $238.14 $357,205
Overstrom Alexander E. C. Executive Vice President June 8, 2026 Sell 1,500 $227.97 $341,956
Novosel Stephanie Executive Vice President June 5, 2026 Sell 1,800 $228.73 $411,714
Feldstein Andrew T Director May 26, 2026 Sell 4,000 $220.57 $882,265
Feldstein Andrew T Director May 26, 2026 Sell 18,000 $220.57 $4M
Feldstein Andrew T Director May 26, 2026 Sell 23,000 $220.57 $5.1M
Medler Linda R Director March 9, 2026 Buy 20 $200.38 $4,008
Demchak William S CEO February 20, 2026 Sell 50,000 $230.88 $11.5M
Cestello Louis Robert Executive Vice President February 18, 2026 Sell 4,279 $234.01 $1M
Overstrom Alexander E. C. Executive Vice President February 18, 2026 Sell 2,500 $233.91 $584,775

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 62 trades and filings

No trades in PNC Financial Services disclosed in the last 12 months; 62 earlier trades on record.

  • Julie Johnson(D-TX 32):Sale (full), $1,001 - $15,000, traded October 21, 2025, filed November 14, 2025
  • Val T. Hoyle(D-OR 4):Sale (full), $1,001 - $15,000, traded September 23, 2025, filed October 10, 2025
  • Julie Johnson(D-TX 32):Sale (partial), $1,001 - $15,000, traded August 14, 2025, filed September 11, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 15, 2027 estimated from the company's past filing pattern, not announced

  • October 15, 2026
  • July 15, 2026
  • April 15, 2026
  • January 16, 2026
  • November 7, 2025
  • October 15, 2025

Recent SEC filings

Data status

When each part of this page on PNC Financial Services was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

PNC Financial Services in brief

What does PNC Financial Services do?
PNC Financial Services is a US-listed company in the diversified banks industry. Its financial year ends in December.
What is PNC Financial Services's stock ticker?
PNC Financial Services trades under the ticker PNC on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is PNC Financial Services's revenue, and how fast is it growing?
Over its most recent trailing twelve months, PNC Financial Services reported revenue of $25B, 13.2% higher than a year earlier, according to its SEC filings.
What is PNC Financial Services's free cash flow?
PNC Financial Services's free-cash-flow margin is 28.4% of revenue over the trailing twelve months.
Who are PNC Financial Services's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is PNC Financial Services buying back stock, and does it pay a dividend?
PNC Financial Services spent $2.2B on share repurchases over the trailing twelve months, and its diluted share count still rose 0.1% over the year.
What is PNC Financial Services's market cap?
On November 2, 2026, PNC Financial Services's market capitalisation was about $92.5B, with a price-to-earnings ratio of 12.6 and net debt of $57B. Market figures come from third-party market data and may be delayed.
Does PNC Financial Services pay a dividend?
Yes: PNC Financial Services paid $2.7B in dividends over the trailing twelve months, a dividend yield of 2.94% and a payout ratio of 37.2%.
Who are PNC Financial Services's competitors?
In our Diversified Banks peer group, the companies closest to PNC Financial Services are Bank Of Montreal, Hdfc Bank LTD, Bank Of Nova Scotia, U.S. Bancorp and Canadian Imperial Bank Of Commerce. The side-by-side comparison below sets their revenue, margins and growth against PNC Financial Services's.
Are insiders buying or selling PNC Financial Services stock?
Over the last 12 months, PNC Financial Services's directors and officers reported 1 open-market purchases and 15 sales on Form 4. The insider trading page charts every trade.
When is PNC Financial Services's next earnings date?
Around January 15, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — PNC Financial Services announces its own schedule.