PNC Bank
Financial Performance
PNC Bank Revenue & Financials
Revenue
$23.1B (FY2025)
Market Cap
$82.5B
Net Income
$7B
Employees
56,000
What is PNC Bank's revenue?
PNC Bank had $23.1B in revenue for fiscal year 2025, up 7.2% from 2024. Net income was $7B.
- Latest revenue
- $23.1B (FY2025)
- Year-over-year
- +7.2%
- Growth rate (CAGR)
- 4.8% over 9 years
- Peak revenue
- $23.1B (FY2025)
- Years of data
- 10
- Employees
- 56,000
- How much profit does PNC Bank make?
- PNC Bank reported net income of $7B for fiscal year 2025.
- How many employees does PNC Bank have?
- PNC Bank has about 56,000 employees.
Financial Analysis
In fiscal year 2024, The PNC Financial Services Group demonstrated exceptional balance sheet resilience and disciplined earnings generation, reporting consolidated net revenue of $21.555 billion and GAAP net income of $5.953 billion. Net interest income contributed $13.687 billion, reflecting stabilized net interest margins as fixed-rate assets repriced higher and commercial credit yields expanded to offset competitive deposit beta pressures. Non-interest fee income totaled $7.868 billion, buoyed by double-digit growth in corporate treasury management fees, robust capital markets loan syndications, and sustained advisory momentum at Harris Williams. Total consolidated assets stood at approximately $560 billion, supported by $421 billion in core deposits and $320 billion in commercial and consumer loans. PNC's capital adequacy remained top-tier, ending 2024 with a Basel III Common Equity Tier 1 (CET1) capital ratio of approximately 10.4%, well above the Federal Reserve's regulatory requirement of 7.0%. Tangible book value per common share continued its multi-year upward trajectory, demonstrating the enduring financial benefits of having self-funded the $11.6 billion BBVA USA acquisition in all-cash using proceeds from the 2020 BlackRock equity monetization.
Revenue Trend Analysis
YoY Change
+7.2%
9-Year CAGR
+4.8%
Peak Year
2025
Trend
Consistent Growth
PNC Bank has 10 full fiscal year figures on this page, compounding at +4.8% annually over 9 years. The most recent year saw a 7.2% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $23.1B. Of 9 comparable year-over-year steps, 8 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2025 | $23.1B | $7B | +7.2% |
| FY2024 | $21.6B | $6B | +0.3% |
| FY2023 | $21.5B | $5.6B | +1.8% |
| FY2022 | $21.1B | $6.1B | +9.9% |
| FY2021 | $19.2B | $5.7B | +13.7% |
| FY2020 | $16.9B | $7.6B | -5.2% |
| FY2019 | $17.8B | $5.4B | +4.1% |
| FY2018 | $17.1B | $5.3B | +4.9% |
| FY2017 | $16.3B | $5.4B | +7.7% |
| FY2016 | $15.2B | $4B | — |
Click any row to see year details.
Keep researching PNC Bank
PNC Bank Revenue and Financial FAQ
What was PNC's total revenue and net income in fiscal year 2024?
In fiscal year 2024, The PNC Financial Services Group reported consolidated net revenue of $21.555 billion and GAAP net income of $5.953 billion, reflecting resilient net interest income and strong non-interest fee growth across commercial treasury management and capital markets.
What is PNC's total asset size and national ranking?
As of 2024, PNC manages approximately $560 billion to $565 billion in total consolidated assets, cementing its position as the sixth-largest commercial banking organization in the United States, behind JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and U.S. Bancorp.
How strong is PNC's capital adequacy and Common Equity Tier 1 (CET1) ratio?
PNC maintains a fortress balance sheet with a Basel III Common Equity Tier 1 (CET1) capital ratio of approximately 10.3% to 10.4%, comfortably exceeding all Federal Reserve Category III regulatory minimums and supervisory stress test benchmarks.
How did PNC manage deposit costs and net interest margin during recent Fed rate cycles?
During the Federal Reserve's 2022–2024 rate tightening, PNC experienced rising deposit beta as corporate and affluent retail clients migrated checking funds into high-yield certificates of deposit. PNC actively managed liability costs through fixed-rate asset repricing, interest rate swaps, and growing non-interest-bearing operational corporate deposits via PINACLE.
What is PNC's shareholder return policy regarding dividends and share buybacks?
PNC prioritizes consistent shareholder returns, maintaining an unbroken record of quarterly common stock dividend distributions supported by a target payout ratio of 35% to 45% of net income, paired with opportunistic share repurchases authorized by the Federal Reserve's CCAR process.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "PNC Bank Revenue & Financials." CorpDigest, https://corpdigest.com/company/pnc-bank/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>PNC Bank reported $23.1B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/pnc-bank/financials" target="_blank" rel="noopener">CorpDigest — PNC Bank financials</a></div>Related Financial Audits
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