PNC Financial Services PNC Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Total revenue (a)(b) by Business | |||||
| Asset Management Group | $1.71B+8.8% | $1.57B+10.7% | $1.42B-8.1% | $1.54B— | |
| Corporate & Institutional Banking | $11.23B+9.8% | $10.23B+10.4% | $9.27B+5.3% | $8.8B— | |
| Retail Banking | $14.87B+2.2% | $14.54B+12.4% | $12.94B+23.1% | $10.51B— | |
| Net Income by Business | |||||
| Asset Management Group | $472M+23.2% | $383M+63.7% | $234M-29.1% | $330M— | |
| Corporate & Institutional Banking | $5.47B+15.1% | $4.75B+16.7% | $4.07B+4.7% | $3.89B— | |
| Retail Banking | $5.08B-0.4% | $5.1B+33.4% | $3.82B+88.4% | $2.03B— | |
| Income before taxes by Business | |||||
| Asset Management Group | $616M+23.0% | $501M+63.2% | $307M-28.6% | $430M— | |
| Corporate & Institutional Banking | $6.95B+15.6% | $6.01B+16.9% | $5.14B+3.8% | $4.95B— | |
| Retail Banking | $6.62B-0.4% | $6.65B+33.3% | $4.99B+88.2% | $2.65B— | |
| Out-of-scope noninterest income by Business | |||||
| Asset Management Group | $15M0.0% | $15M-6.3% | $16M-20.0% | $20M+42.9% | |
| Corporate & Institutional Banking | $1.36B+7.9% | $1.26B+6.1% | $1.19B-4.9% | $1.25B-2.7% | |
| Retail Banking | $497M-56.4% | $1.14B— | —— | $545M— | |
| Other by Business | |||||
| Asset Management Group | $116M-0.9% | $117M-7.9% | $127M-4.5% | $133M— | |
| Corporate & Institutional Banking | $594M+6.6% | $557M-4.9% | $586M+5.8% | $554M— | |
| Retail Banking | $1.26B-5.0% | $1.33B+0.9% | $1.32B-11.4% | $1.49B— | |
| Noninterest income by Business | |||||
| Asset Management Group | $1B+5.5% | $949M+4.9% | $905M-3.3% | $936M— | |
| Corporate & Institutional Banking | $4.34B+10.6% | $3.93B+11.0% | $3.54B-2.3% | $3.62B— | |
| Retail Banking | $3.05B-14.9% | $3.58B+21.4% | $2.95B-0.5% | $2.97B— | |
| Total noninterest expense by Business | |||||
| Asset Management Group | $1.11B+3.7% | $1.07B-3.8% | $1.12B+2.7% | $1.09B— | |
| Corporate & Institutional Banking | $3.99B+6.0% | $3.76B+0.9% | $3.73B+2.2% | $3.65B— | |
| Retail Banking | $7.71B+2.4% | $7.53B-0.3% | $7.56B-0.6% | $7.6B— | |
| Net interest income (a)(b) by Business | |||||
| Asset Management Group | $709M+14.0% | $622M+21.0% | $514M-15.5% | $608M— | |
| Corporate & Institutional Banking | $6.89B+9.3% | $6.3B+9.9% | $5.73B+10.7% | $5.18B— | |
| Retail Banking | $11.82B+7.8% | $10.96B+9.7% | $9.99B+32.5% | $7.54B— | |
| Less: Net income attributable to noncontrolling interests by Business | |||||
| Asset Management Group | $0— | $0— | $0— | —— | |
| Corporate & Institutional Banking | $20M+5.3% | $19M0.0% | $19M+11.8% | $17M— | |
| Retail Banking | $35M-10.3% | $39M-9.3% | $43M-21.8% | $55M— | |
| Income tax benefit by Business | |||||
| Asset Management Group | $144M+22.0% | $118M+61.6% | $73M-27.0% | $100M— | |
| Corporate & Institutional Banking | $1.48B+17.2% | $1.26B+17.8% | $1.07B+0.8% | $1.06B— | |
| Retail Banking | $1.54B-0.5% | $1.55B+33.0% | $1.17B+87.8% | $621M— | |
| Segment allocations by Business | |||||
| Asset Management Group | $488M+7.5% | $454M-2.2% | $464M+5.2% | $441M— | |
| Corporate & Institutional Banking | $1.57B+5.1% | $1.5B-0.7% | $1.51B+6.1% | $1.42B— | |
| Retail Banking | $3.94B+5.4% | $3.74B+1.3% | $3.69B+8.8% | $3.39B— | |
| Average assets (a) by Business | |||||
| Corporate & Institutional Banking | $701.78B— | —— | $233.34B+6.1% | $219.94B— | |
| Depreciation, amortization and accretion by Business | |||||
| Asset Management Group | $38M+26.7% | $30M0.0% | $30M+3.4% | $29M— | |
| Corporate & Institutional Banking | $201M-0.5% | $202M-4.3% | $211M-0.9% | $213M— | |
| Retail Banking | $365M+20.5% | $303M-5.6% | $321M+3.5% | $310M— | |
| Personnel by Business | |||||
| Asset Management Group | $471M-0.2% | $472M-4.5% | $494M+2.3% | $483M— | |
| Corporate & Institutional Banking | $1.62B+7.5% | $1.51B+5.8% | $1.43B-2.5% | $1.46B— | |
| Retail Banking | $2.14B-0.8% | $2.16B-3.1% | $2.23B-7.6% | $2.41B— | |
| Provision For Credit Losses by Business | |||||
| Asset Management Group | -$19M— | —— | —— | $28M— | |
| Corporate & Institutional Banking | $291M-35.8% | $453M+13.8% | $398M+101% | $198M— | |
| Retail Banking | $532M+47.0% | $362M-8.6% | $396M+52.9% | $259M— | |
| Total in-scope noninterest income by Product | |||||
| Brokerage fees | $611M+10.7% | $552M+4.2% | $530M-1.1% | $536M+13.3% | |
| Merchant services | $223M-3.5% | $231M-5.7% | $245M-2.8% | $252M+6.8% | |
| Other | $103M-2.8% | $106M-0.9% | $107M+7.0% | $100M+2.0% | |
| Treasury management fees | $1.63B+7.2% | $1.52B+7.3% | $1.42B+7.1% | $1.32B+15.8% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does PNC Financial Services break its business down?
- PNC Financial Services (PNC) reports total revenue (a)(b) by business across 3 parts — Asset Management Group, Corporate & Institutional Banking and Retail Banking. Each is extracted from the segment footnotes and tracked over time.
- Where does PNC Financial Services's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in PNC Financial Services's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
