Income StatementBalance SheetCash FlowSegments
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PNC Financial Services Business Segments

Business, geographic, and product segment breakdowns

PNC Financial Services generates $23.8B in annual revenue across 3 key segments: Asset Management Group ($1.7B), Corporate & Institutional Banking ($11.6B), and Retail Banking ($15.3B). Based on the Q1 2026 filing.

Asset Management Group (TTM)$1.7BCorporate & Institutional Banking (TTM)$11.6BRetail Banking (TTM)$15.3B
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$88.0B
P/E Ratio12.11
ROE12.11%

Products & Services

Total in-scope noninterest income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Treasury management fees$391.0M$400.0M$415.0M$408.0M$409.0M$418.0M
Brokerage fees$135.0M$152.0M$150.0M$154.0M$155.0M$161.0M
Merchant services$57.0M$52.0M$60.0M$58.0M$53.0M$50.0M
Other$28.0M$24.0M$27.0M$26.0M$26.0M$23.0M

Business Segments

Average assets (a)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate & Institutional Banking—$227.1B$234.4B$238.3B$2.0B$249.8B
Retail Banking$114.0M$115.2B$114.1B$114.1B—$130.6B
Asset Management Group—$14.5B$14.6B$14.6B—$14.8B

Depreciation, amortization and accretion

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail Banking$72.0M$86.0M$87.0M$97.0M$95.0M$132.0M
Corporate & Institutional Banking$51.0M$51.0M$49.0M$46.0M$55.0M$46.0M
Asset Management Group$8.0M$8.0M$10.0M$9.0M$11.0M$10.0M

Income before taxes

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate & Institutional Banking$1.7B$1.6B$1.6B$1.9B$1.9B$1.8B
Retail Banking$1.4B$1.5B$1.8B$1.7B$1.6B$1.7B
Asset Management Group$124.0M$137.0M$168.0M$153.0M$158.0M$154.0M

Income tax benefit

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate & Institutional Banking$336.0M$353.0M$329.0M$400.0M$400.0M$403.0M
Retail Banking$332.0M$342.0M$416.0M$406.0M$379.0M$402.0M
Asset Management Group$29.0M$32.0M$39.0M$36.0M$37.0M$36.0M

Less: Net income attributable to noncontrolling interests

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail Banking$11.0M$9.0M$10.0M$9.0M$7.0M$7.0M
Corporate & Institutional Banking$4.0M$4.0M$5.0M$5.0M$6.0M$5.0M
Asset Management Group$0.0$0.0$0.0$0.0$0.0$0.0

Net Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate & Institutional Banking$1.4B$1.2B$1.2B$1.5B$1.5B$1.4B
Retail Banking$1.1B$1.1B$1.4B$1.3B$1.2B$1.3B
Asset Management Group$95.0M$105.0M$129.0M$117.0M$121.0M$118.0M

Net interest income (a)(b)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail Banking$2.8B$2.8B$3.0B$3.0B$3.0B$3.2B
Corporate & Institutional Banking$1.7B$1.6B$1.7B$1.8B$1.8B$1.8B
Asset Management Group$161.0M$174.0M$179.0M$176.0M$180.0M$189.0M

Noninterest income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate & Institutional Banking$1.1B$978.0M$1.0B$1.1B$1.2B$1.1B
Retail Banking1—$706.0M$782.0M$790.0M—$770.0M
Retail Banking$708.0M$706.0M$782.0M$790.0M$770.0M$770.0M
Asset Management Group$242.0M$243.0M$244.0M$254.0M$260.0M$262.0M

Other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail Banking$425.0M$311.0M$286.0M$336.0M$327.0M$324.0M
Corporate & Institutional Banking$143.0M$146.0M$150.0M$140.0M$158.0M$146.0M
Asset Management Group$30.0M$33.0M$25.0M$29.0M$29.0M$30.0M

Out-of-scope noninterest income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate & Institutional Banking$358.0M$307.0M$331.0M$350.0M$372.0M$351.0M
Retail Banking—$101.0M$143.0M$134.0M—$118.0M
Retail Banking$100.0M$101.0M$143.0M$134.0M$119.0M$118.0M
Asset Management Group$2.0M$4.0M$3.0M$4.0M$4.0M$3.0M

Personnel

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail Banking$536.0M$538.0M$539.0M$529.0M$535.0M$571.0M
Corporate & Institutional Banking$401.0M$376.0M$370.0M$403.0M$472.0M$460.0M
Asset Management Group$116.0M$121.0M$115.0M$115.0M$120.0M$125.0M

Provision For Credit Losses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail Banking$106.0M$168.0M$83.0M$126.0M$155.0M$124.0M
Corporate & Institutional Banking$44.0M$49.0M$184.0M$44.0M$14.0M$77.0M
Asset Management Group—$1.0M-$13.0M$4.0M-$11.0M$5.0M

Segment allocations

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail Banking$977.0M$967.0M$978.0M$979.0M$1.0B$1.1B
Corporate & Institutional Banking$386.0M$383.0M$381.0M$387.0M$422.0M$424.0M
Asset Management Group$123.0M$117.0M$118.0M$120.0M$133.0M$127.0M

Total in-scope noninterest income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate Institutional Banking—$671.0M$691.0M$782.0M—$793.0M
Retail Banking1—$605.0M$639.0M$656.0M—$652.0M
Asset Management Group—$239.0M$241.0M$250.0M—$259.0M

Total noninterest expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail Banking$2.0B$1.9B$1.9B$1.9B$2.0B$2.1B
Corporate & Institutional Banking$981.0M$956.0M$950.0M$976.0M$1.1B$1.1B
Asset Management Group$277.0M$279.0M$268.0M$273.0M$293.0M$292.0M

Total noninterest income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate Institutional Banking—$978.0M$1.0B$1.1B—$1.1B
Asset Management Group—$243.0M$244.0M$254.0M—$262.0M

Total revenue (a)(b)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail Banking$3.5B$3.5B$3.8B$3.8B$3.8B$4.0B
Corporate & Institutional Banking$2.7B$2.6B$2.7B$2.9B$3.0B$3.0B
Asset Management Group$403.0M$417.0M$423.0M$430.0M$440.0M$451.0M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail Banking$6.5B———$6.5B—