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Pittsburgh super-regional bank providing retail banking, corporate/institutional banking, asset management and treasury services.
Pittsburgh super-regional bank providing retail banking, corporate/institutional banking, asset management and treasury services.
Earns from interest on consumer, business and commercial real-estate loans and from fees on payments, treasury services and asset management. It grew beyond its Pennsylvania base by buying BBVA USA in 2021, which added Texas, Arizona and other Sun Belt states.
Moat: narrow (scale, distribution). Large branch network across the eastern/central US and a sizeable corporate-banking franchise.
Headquarters: Pittsburgh, Pennsylvania, USA · Founded: 1852 · Employees: 53,859
Size PNC Financial Services (PNC) is a United States Financials company (Major Banks) with a market value of $89.4B, the 146th largest of 3,117 United States companies the cockpit tracks. Shares closed at $225.38 on 6 Nov 2026.
Performance Over six months the shares gained 3.9%, against +7.0% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 7.6% over the last twelve months (peer median +0.3%); the operating margin is 37.4% (peer median 36.2%).
Valuation It trades at 1.59× book value against a peer median of 1.67× (10th cheapest of 21).
Price implies The share price implies a return on equity of about 13.2%; PNC Financial Services delivers 12.9%, so the price asks more than the business earns today.
Credit PNC Financial Services has 37 bonds outstanding ($46.1B), rated A- by the agencies and trading like A- at a weighted spread of 59 bp.
Short interest Short interest is 2.1% of the free float (15 Oct 2026).
Next results Next results expected around 15 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $36.5B | $33.9B | $33.9B | $32.0B | $25.6B |
| Revenue growth | — | 0% | +6% | +25% | — |
| Net income | $7.85B | $6.89B | $5.86B | $5.55B | $6.01B |
| Free cash flow | $8.19B | $9.45B | $7.99B | $10.7B | $7.61B |
| Capital expenditure | $0 | $0 | $0 | $0 | $50.0M |
| Total debt | $80.0B | $60.3B | $64.7B | $75.9B | $62.4B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| PNC Financial Services PNC | $89.4B | +4% | +8% | 13% | 1.59× | 13.2% |
| U.S. Bancorp USB | $92.6B | +8% | +1% | 13% | 1.55× | 13.9% |
| Truist Financial TFC | $59.2B | +1% | -5% | 8% | 1.06× | 9.6% |
| Fifth Third Bancorp FITB | $47.9B | +8% | +15% | 9% | 1.55× | 13.6% |
| M&T Bank MTB | $31.4B | +3% | 0% | 11% | 1.24× | 9.3% |
| Citizens Financial CFG | $26.5B | -1% | +4% | 9% | 1.16× | 11.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PNC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.6% | +1.6% | 10th highest of 21 |
| 6-month return | +3.9% | +7.0% | 6th lowest of 21 |
| Return on equity | 12.9% | 12.2% | 9th highest of 21 |
| Price / book | 1.59× | 1.67× | 10th cheapest of 21 |
| Trailing P/E | 12.0× | 12.1× | 11th cheapest of 21 |
| ROE the price implies | 13.2% | 14.5% | 9th least demanding of 21 |
| ROE delivered | 12.9% | 12.5% | 9th highest of 20 |
| Bond spread | 59 bp | 76 bp | 4th tightest of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| PNC Financial Services PNC | United States | $89.4B | +4% | +8% | 13% | 1.59× | 13.2% | 12.9% |
| ING Groep INGA.AS | Netherlands | $89.8B | +11% | +7% | 14% | 1.63× | 12.5% | 13.6% |
| Westpac Banking WBC.AX | Australia | $87.6B | +4% | +2% | 9% | 1.78× | 16.4% | 9.5% |
| U.S. Bancorp USB | United States | $92.6B | +8% | +1% | 13% | 1.55× | 13.9% | 12.8% |
| National Australia Bank NAB.AX | Australia | $86.2B | +9% | -8% | 10% | 2.02× | 20.2% | 10.0% |
| Itau Unibanco Holding S.A. Sponsored ADR Pfd ITUB | United States | $84.9B | -12% | +8% | 22% | 1.84× | 11.8% | 21.7% |
| ANZ ANZ.AX | Australia | $84.2B | +17% | -5% | 8% | 1.71× | 14.4% | 8.3% |
| Oversea-Chinese Banking O39.SI | Singapore | $97.6B | +23% | -3% | 13% | 2.02× | 14.9% | 13.2% |
| Bank of Communications 601328.SS | China | $106B | +22% | -5% | 8% | 0.62× | 2.4% | n/a |
| Lloyds Banking LLOY.L | United Kingdom | $73.7B | +2% | -2% | 14% | 1.37× | 17.2% | 14.3% |
| China CITIC Bank 0998.HK | Hong Kong | $73.0B | 0% | -1% | 9% | 0.45× | 4.5% | 8.6% |
| Mizuho Financial 8411.T | Japan | $110B | +7% | +6% | 13% | 1.52× | 11.5% | 12.5% |
| Bank of Nova Scotia BNS.TO | Canada | $114B | +21% | -3% | 12% | 1.99× | 16.3% | 11.6% |
| BNP Paribas BNP.PA | France | $114B | 0% | +8% | 11% | 0.84× | 10.4% | 10.9% |
| Boc Hong Kong 2388.HK | Hong Kong | $67.4B | +13% | -8% | 12% | 1.47× | 8.1% | 11.8% |
| Bank of Montreal BMO.TO | Canada | $120B | +16% | -2% | 11% | 2.14× | 16.4% | 10.6% |
| Intesa Sanpaolo ISP.MI | Italy | $120B | +6% | -6% | 16% | 1.81× | 20.7% | 16.4% |
| Capital One COF | United States | $121B | +7% | +26% | 9% | 1.11× | 11.1% | 9.3% |
| NatWest NWG.L | United Kingdom | $62.3B | +4% | +3% | 16% | 1.21× | 15.8% | 15.9% |
| Nordea Bank Abp NDA-FI.HE | Finland | $62.3B | +6% | +3% | 15% | 1.77× | 14.6% | 14.9% |
| HDFC Bank HDFCBANK.NS | India | $129B | -1% | +5% | 14% | 2.00× | 24.8% | 13.9% |
PNC Financial Services has 37 bonds outstanding with $46.1B face value. The agencies rate it A-; its bonds trade like A-. Weighted yield 5.07%, a spread of 59 bp over government bonds.