financial statements

The full income statement, balance sheet, and cash-flow statement for PNC Financial Services Group Inc. (The) (PNC), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	23.1B YoY+7.2%	21.6B YoY+0.3%	21.5B YoY+1.8%	21.1B YoY+9.9%	19.2B YoY+13.7%
Noninterest income	8.69B YoY+7.9%	8.06B YoY+6.4%	7.57B YoY-6.6%	8.11B YoY-5.3%	8.56B YoY+23.1%
Noninterest expense	13.8B YoY+2.3%	13.5B YoY-3.5%	14.0B YoY+6.4%	13.2B YoY+1.3%	13.0B YoY+26.3%
Interest expense	—	—	10.4B YoY+329.1%	2.42B YoY+397.3%	487M YoY-64.2%
Interest & investment income	25.3B YoY-4.1%	26.4B YoY+8.5%	24.3B YoY+57.5%	15.4B YoY+38.6%	11.1B YoY-1.5%
Net interest income	14.4B YoY+6.7%	13.5B YoY-3.0%	13.9B YoY+6.9%	13.0B YoY+22.2%	10.6B YoY+7.0%
Pre-tax income	8.49B YoY+17.2%	7.24B YoY+7.5%	6.74B YoY-9.9%	7.47B YoY+6.9%	6.99B YoY+103.8%
Income tax	1.49B YoY+15.5%	1.29B YoY+18.4%	1.09B YoY-19.9%	1.36B YoY+7.7%	1.26B YoY+196.5%
	7.00B YoY+17.5%	5.95B YoY+5.4%	5.65B YoY-7.6%	6.11B YoY+6.8%	5.72B YoY-24.3%
Income from continuing operations	—	—	5.58B YoY-7.7%	6.04B YoY+6.5%	5.67B YoY+91.6%
Net income to non-controlling interest	61.0M YoY-4.7%	64.0M YoY-7.2%	69.0M YoY-4.2%	72.0M YoY+41.2%	51.0M
Preferred dividends	—	—	8.00M YoY+60.0%	5.00M YoY+0.0%	5.00M YoY+25.0%
Net income to common	6.58B YoY+19.7%	5.50B YoY+7.2%	5.13B YoY-10.2%	5.71B YoY+5.5%	5.41B YoY+99.2%
	$16.59 YoY+20.7%	$13.74 YoY+7.4%	$12.79 YoY-7.7%	$13.85 YoY+9.1%	$12.70 YoY-25.1%
EPS (basic)	$16.60 YoY+20.6%	$13.76 YoY+7.5%	$12.80 YoY-7.6%	$13.86 YoY+9.0%	$12.71 YoY-25.2%
Weighted-avg shares (basic)	396M YoY-0.8%	399M YoY-0.5%	401M YoY-2.7%	412M YoY-3.3%	426M YoY-0.2%
Weighted-avg shares (diluted)	396M YoY-1.0%	400M YoY-0.2%	401M YoY-2.7%	412M YoY-3.3%	426M YoY-0.2%
Dividends per share	$6.60 YoY+4.8%	$6.30 YoY+3.3%	$6.10 YoY+6.1%	$5.75 YoY+19.8%	$4.80
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Cash & equivalents	39.7B YoY-14.1%	46.3B YoY-8.8%	50.7B YoY+47.6%	34.4B YoY-58.2%	82.3B YoY+1072.2%
	574B YoY+2.4%	560B YoY-0.3%	562B YoY+0.8%	557B YoY+0.0%	557B YoY+19.4%
Property, plant & equipment	8.94B YoY+3.0%	8.67B YoY+1.8%	8.52B YoY-2.7%	8.75B YoY+1.9%	8.59B YoY+11.8%
Operating lease right-of-use	1.69B YoY+4.5%	1.62B YoY-7.2%	1.75B YoY-6.0%	1.86B YoY-3.2%	1.92B YoY+2.3%
Goodwill	11.0B YoY+0.2%	10.9B YoY+0.0%	10.9B YoY-0.5%	11.0B YoY+0.7%	10.9B YoY+18.2%
Intangible assets	304M YoY+0.0%	304M YoY+0.0%	304M YoY+0.0%	304M YoY+0.0%	304M YoY+0.0%
	513B YoY+1.5%	506B YoY-1.0%	510B YoY-0.2%	511B YoY+2.0%	501B YoY+21.5%
Long-term debt	57.1B YoY-7.4%	61.7B YoY-15.2%	72.7B YoY+23.9%	58.7B	—
	60.6B YoY+11.3%	54.4B YoY+6.5%	51.1B YoY+11.6%	45.8B YoY-17.8%	55.7B YoY+3.1%
Preferred stock	0.00	0.00 YoY-100.0%	500K YoY+0.0%	500K YoY+0.0%	500K YoY+0.0%
Common stock	2.72B YoY+0.0%	2.72B YoY+0.0%	2.72B YoY+0.1%	2.71B YoY+0.0%	2.71B YoY+0.0%
Additional paid-in capital	18.9B YoY+1.1%	18.7B YoY-1.6%	19.0B YoY+3.5%	18.4B YoY+5.3%	17.5B YoY+9.9%
Retained earnings	63.3B YoY+6.7%	59.3B YoY+5.3%	56.3B YoY+5.1%	53.6B YoY+6.7%	50.2B YoY+7.2%
Treasury stock	20.9B YoY+6.1%	19.7B YoY+2.7%	19.2B YoY+2.6%	18.7B YoY+23.8%	15.1B YoY+6.4%
Accumulated other comprehensive income	-3.41B YoY+48.1%	-6.57B YoY+14.9%	-7.71B YoY+24.2%	-10.2B YoY-2587.0%	409M YoY-85.2%
Non-controlling interest	51.0M YoY+15.9%	44.0M YoY+22.2%	36.0M YoY-5.3%	38.0M YoY+22.6%	31.0M YoY+0.0%
Total equity incl. non-controlling	60.6B YoY+11.3%	54.5B YoY+6.5%	51.1B YoY+11.6%	45.8B YoY-17.8%	55.7B YoY+3.1%
Total liabilities & equity	574B YoY+2.4%	560B YoY-0.3%	562B YoY+0.8%	557B YoY+0.0%	557B YoY+19.4%
Common shares issued	543M YoY+0.0%	543M YoY+0.0%	543M YoY+0.0%	543M YoY-0.0%	543M YoY+0.0%
Common shares outstanding	523M YoY+0.0%	523M YoY+0.0%	523M YoY+0.0%	523M YoY+0.0%	523M YoY+0.0%
Shares outstanding (cover)	392M YoY-1.2%	397M YoY-0.4%	398M YoY-1.2%	403M YoY-4.6%	423M YoY-0.3%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	4.38B YoY-44.4%	7.88B YoY-22.1%	10.1B YoY+11.3%	9.08B YoY+25.9%	7.21B YoY+54.8%
Depreciation & amortization	381M YoY+47.1%	259M YoY-77.5%	1.15B YoY+0.9%	1.14B YoY+6.8%	1.07B YoY+8.4%
Deferred income taxes	-40.0M YoY-33.3%	-30.0M YoY+88.1%	-252M YoY-171.8%	351M YoY+97.2%	178M YoY+144.4%
	-15.6B YoY-383.2%	-3.23B YoY-132.0%	10.1B YoY+116.7%	-60.4B YoY-2059.5%	-2.79B YoY+94.5%
Acquisitions	—	—	—	—	10.5B
Sales/maturities of investments	6.67B YoY+0.7%	6.62B YoY-4.3%	6.92B YoY-48.1%	13.3B YoY-56.6%	30.7B YoY-0.7%
Other investing activities	2.64B YoY+139.0%	1.10B YoY-44.4%	1.99B YoY-33.7%	3.00B YoY+11.7%	2.68B YoY+112.2%
	4.70B YoY+151.5%	-9.12B YoY-136.7%	-3.85B YoY-213.9%	3.38B YoY+198.6%	-3.43B YoY-107.1%
Common stock repurchased	1.34B YoY+94.8%	687M YoY+5.5%	651M YoY-82.6%	3.73B YoY+245.8%	1.08B YoY-33.6%
Dividends paid	2.63B YoY+3.9%	2.54B YoY+3.1%	2.46B YoY+2.9%	2.39B YoY+16.3%	2.06B YoY+3.8%
Net change in cash	-6.54B YoY-46.1%	-4.47B YoY-127.3%	16.4B YoY+134.2%	-47.9B YoY-4952.2%	987M YoY-49.5%
Interest paid	11.2B YoY-14.5%	13.1B YoY+38.1%	9.45B YoY+335.1%	2.17B YoY+273.2%	582M YoY-55.0%
Income taxes paid	704M YoY+81.0%	389M YoY+135.8%	165M YoY-16.2%	197M YoY-70.8%	675M YoY-80.2%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	81.9B YoY+7.0%	76.5B YoY+24.1%	61.7B YoY-3.2%	63.7B YoY-24.8%	84.7B YoY+34.2%
P/E	11.7× YoY-9.0%	12.9× YoY+31.6%	9.8× YoY-11.4%	11.0× YoY-25.5%	14.8× YoY+77.2%
P/S	3.5× YoY-0.2%	3.5× YoY+26.0%	2.8× YoY-10.9%	3.2× YoY-28.3%	4.4× YoY+18.1%
P/B	1.4× YoY-3.9%	1.4× YoY+12.7%	1.2× YoY-10.1%	1.4× YoY-8.8%	1.5× YoY+30.2%
P/FCF	18.7× YoY+92.3%	9.7× YoY+46.3%	6.6× YoY-12.6%	7.6× YoY-35.4%	11.7× YoY-13.3%
Earnings yield	8.5% YoY+9.9%	7.8% YoY-24.0%	10.2% YoY+12.9%	9.1% YoY+34.2%	6.8% YoY-43.6%
FCF yield	5.4% YoY-48.0%	10.3% YoY-31.7%	15.1% YoY+14.4%	13.2% YoY+54.7%	8.5% YoY+15.3%
Dividend yield	3.2% YoY-3.2%	3.3% YoY-17.1%	3.9% YoY+8.2%	3.6% YoY+52.1%	2.4%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: PNC's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all PNC filings on SEC EDGAR → Not investment advice.

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