What is PNC Financial Services Group's earnings per share (EPS)?

PNC Financial Services Group (PNC) reported diluted earnings per share of $16.59 for fiscal year 2025. This represents a 20.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

PNC Financial Services Group Financials

PNC

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows PNC Financial Services Group (PNC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI PNC FY2025 2026-05-05

PNC's balance-sheet efficiency improved as profit per asset rose even while leverage moved down.

ROA rose from 1.0% to 1.2% over the last three fiscal years while debt-to-equity moved lower, which implies the latest profit improvement came from better use of the asset base rather than more leverage. Yet operating cash flow fell to $4.4B as net income climbed to $7.0B, so FY2025's stronger earnings were less cash-backed than the prior trend suggested.

Total assets sit at $573.6B against just $23.1B of revenue, so this business is governed more by balance-sheet efficiency than by conventional sales growth. That is why a small-looking move in return on assets matters here: on a balance sheet this large, modest efficiency gains can translate into large earnings dollars.

Capital return did not prevent equity accumulation: after dividends of $2.6B and buybacks of $1.3B, total equity still finished at a recent high. That usually means earnings are replenishing capital faster than shareholder payouts are drawing it down, which helps explain why leverage also eased in the latest year.

Financial Health Signals

Financial Profile 26/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of PNC Financial Services Group's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

PNC Financial Services Group's revenue grew 7.2% year-over-year to $23.1B, a solid pace of expansion. This earns a growth score of 39/100.

Leverage

PNC Financial Services Group carries a low D/E ratio of 0.94, meaning only $0.94 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 83/100, indicating a strong balance sheet with room for future borrowing.

Returns

PNC Financial Services Group's ROE of 11.6% shows moderate profitability relative to equity, earning a score of 36/100. This is up from 10.9% the prior year.

Piotroski F-Score Neutral

5/9

PNC Financial Services Group passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

0.63x

For every $1 of reported earnings, PNC Financial Services Group generates $0.63 in operating cash flow ($4.4B OCF vs $7.0B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$23.1B

YoY+7.2%

5Y CAGR+6.4%

10Y CAGR+4.3%

PNC Financial Services Group generated $23.1B in revenue in fiscal year 2025. This represents an increase of 7.2% from the prior year.

EBITDA

N/A

Net Income

$7.0B

YoY+17.5%

5Y CAGR-1.5%

10Y CAGR+5.4%

PNC Financial Services Group reported $7.0B in net income in fiscal year 2025. This represents an increase of 17.5% from the prior year.

EPS (Diluted)

$16.59

YoY+20.7%

5Y CAGR-0.4%

10Y CAGR+8.4%

PNC Financial Services Group earned $16.59 per diluted share (EPS) in fiscal year 2025. This represents an increase of 20.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$39.7B

YoY-14.1%

5Y CAGR+41.4%

PNC Financial Services Group held $39.7B in cash against $57.1B in long-term debt as of fiscal year 2025.

Dividends Per Share

$6.60

YoY+4.8%

10Y CAGR+12.6%

PNC Financial Services Group paid $6.60 per share in dividends in fiscal year 2025. This represents an increase of 4.8% from the prior year.

Shares Outstanding

403M

YoY+1.9%

5Y CAGR-1.0%

10Y CAGR-2.1%

PNC Financial Services Group had 403M shares outstanding in fiscal year 2025. This represents an increase of 1.9% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

30.3%

YoY+2.7pp

5Y CAGR-14.4pp

10Y CAGR+3.1pp

PNC Financial Services Group's net profit margin was 30.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.7 percentage points from the prior year.

Return on Equity

11.6%

YoY+0.6pp

5Y CAGR-2.4pp

10Y CAGR+2.3pp

PNC Financial Services Group's ROE was 11.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$1.3B

YoY+94.8%

5Y CAGR-3.8%

10Y CAGR-4.6%

PNC Financial Services Group spent $1.3B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 94.8% from the prior year.

Capital Expenditures

N/A

PNC Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$23.1B+7.2%	$21.6B+0.3%	$21.5B+1.8%	$21.1B+9.9%	$19.2B+13.7%	$16.9B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$7.8B+6.6%	$7.3B-1.7%	$7.4B+2.5%	$7.2B+1.4%	$7.1B+25.9%	$5.7B
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$10.9B-15.4%	$12.9B+24.0%	$10.4B+329.1%	$2.4B+397.3%	$487.0M-64.2%	$1.4B
Income Tax	$1.5B+15.5%	$1.3B+18.4%	$1.1B-19.9%	$1.4B+7.7%	$1.3B+196.5%	$426.0M
Net Income	$7.0B+17.5%	$6.0B+5.4%	$5.6B-7.6%	$6.1B+6.8%	$5.7B-24.3%	$7.6B
EPS (Diluted)	$16.59+20.7%	$13.74+7.4%	$12.79-7.7%	$13.85+9.1%	$12.70-25.1%	$16.96

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$6.2B+1.5%	$6.1B+2.6%	$5.9B+4.5%	$5.7B+3.8%	$5.5B-2.1%	$5.6B+2.5%	$5.4B+0.4%	$5.4B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$2.1B+3.6%	$2.0B+3.2%	$2.0B+4.3%	$1.9B-0.1%	$1.9B+1.8%	$1.9B-0.6%	$1.9B+4.9%	$1.8B
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$2.5B-6.3%	$2.6B-8.0%	$2.9B+6.0%	$2.7B+2.3%	$2.7B-10.7%	$3.0B-12.9%	$3.4B+4.5%	$3.3B
Income Tax	$415.0M+40.2%	$296.0M-36.3%	$465.0M+22.0%	$381.0M+9.8%	$347.0M+24.8%	$278.0M-22.1%	$357.0M+4.4%	$342.0M
Net Income	$1.8B-12.8%	$2.0B+11.6%	$1.8B+10.9%	$1.6B+9.6%	$1.5B-7.9%	$1.6B+8.1%	$1.5B+1.9%	$1.5B
EPS (Diluted)	$4.13	N/A	$4.35+13.0%	$3.85+9.7%	$3.51	N/A	$3.49+2.9%	$3.39

PNC Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$573.6B+2.4%	$560.0B-0.3%	$561.6B+0.8%	$557.3B0.0%	$557.2B+19.4%	$466.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$39.7B-14.1%	$46.3B-8.8%	$50.7B+47.6%	$34.4B-58.2%	$82.3B+1072.2%	$7.0B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$11.0B+0.2%	$10.9B0.0%	$10.9B-0.5%	$11.0B+0.7%	$10.9B+18.2%	$9.2B
Total Liabilities	$512.9B+1.5%	$505.6B-1.0%	$510.4B-0.2%	$511.5B+2.0%	$501.5B+21.5%	$412.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$57.1B-7.4%	$61.7B-15.2%	$72.7B+23.9%	$58.7B	N/A	N/A
Total Equity	$60.6B+11.3%	$54.4B+6.5%	$51.1B+11.6%	$45.8B-17.8%	$55.7B+3.1%	$54.0B
Retained Earnings	$63.3B+6.7%	$59.3B+5.3%	$56.3B+5.1%	$53.6B+6.7%	$50.2B+7.2%	$46.8B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$603.0B+5.1%	$573.6B+0.8%	$568.8B+1.7%	$559.1B+0.8%	$554.7B-0.9%	$560.0B-0.9%	$564.9B+1.5%	$556.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$31.7B-20.2%	$39.7B+2.2%	$38.9B+27.9%	$30.4B-20.8%	$38.4B-17.0%	$46.3B+12.3%	$41.2B+4.8%	$39.3B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$13.3B+21.2%	$11.0B0.0%	$11.0B+0.3%	$10.9B0.0%	$10.9B0.0%	$10.9B0.0%	$10.9B0.0%	$10.9B
Total Liabilities	$539.4B+5.1%	$512.9B+0.6%	$509.7B+1.7%	$501.5B+0.6%	$498.3B-1.4%	$505.6B-0.7%	$509.2B+1.1%	$503.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$66.7B+16.8%	$57.1B-8.4%	$62.3B+3.2%	$60.4B-0.5%	$60.7B-1.5%	$61.7B-9.4%	$68.1B-4.7%	$71.4B
Total Equity	$63.6B+5.0%	$60.6B+2.7%	$59.0B+2.4%	$57.6B+2.1%	$56.4B+3.6%	$54.4B-2.3%	$55.7B+5.8%	$52.6B
Retained Earnings	$64.3B+1.6%	$63.3B+2.0%	$62.0B+1.7%	$61.0B+1.5%	$60.1B+1.3%	$59.3B+1.5%	$58.4B+1.3%	$57.7B

PNC Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$4.4B-44.4%	$7.9B-22.1%	$10.1B+11.3%	$9.1B+25.9%	$7.2B+54.8%	$4.7B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$15.6B-383.2%	-$3.2B-132.0%	$10.1B+116.7%	-$60.4B-2059.5%	-$2.8B+94.5%	-$51.1B
Financing Cash Flow	$4.7B+151.5%	-$9.1B-136.7%	-$3.9B-213.9%	$3.4B+198.6%	-$3.4B-107.1%	$48.4B
Dividends Paid	$2.6B+3.9%	$2.5B+3.1%	$2.5B+2.9%	$2.4B+16.3%	$2.1B+3.8%	$2.0B
Share Buybacks	$1.3B+94.8%	$687.0M+5.5%	$651.0M-82.6%	$3.7B+245.8%	$1.1B-33.6%	$1.6B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$1.9B+154.7%	$757.0M-71.5%	$2.7B+79.5%	$1.5B+390.8%	-$509.0M-128.3%	$1.8B-45.2%	$3.3B+217.6%	$1.0B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$10.6B-401.9%	-$2.1B-157.2%	-$820.0M+93.0%	-$11.7B-1094.7%	-$980.0M-113.7%	$7.1B+288.7%	-$3.8B+62.3%	-$10.0B
Financing Cash Flow	$644.0M-70.6%	$2.2B-67.0%	$6.6B+198.9%	$2.2B+134.9%	-$6.4B-64.4%	-$3.9B-261.3%	$2.4B+121.3%	-$11.3B
Dividends Paid	$696.0M+3.0%	$676.0M-0.3%	$678.0M+5.6%	$642.0M+0.5%	$639.0M-0.8%	$644.0M-0.3%	$646.0M+3.7%	$623.0M
Share Buybacks	$796.0M+96.1%	$406.0M+21.6%	$334.0M-0.6%	$336.0M+28.2%	$262.0M+18.6%	$221.0M+70.0%	$130.0M+15.0%	$113.0M

PNC Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	30.3%+2.7pp	27.6%+1.3pp	26.3%-2.7pp	28.9%-0.9pp	29.8%-14.9pp	44.7%
Return on Equity	11.6%+0.6pp	10.9%-0.1pp	11.1%-2.3pp	13.4%+3.1pp	10.3%-3.7pp	14.0%
Return on Assets	1.2%+0.2pp	1.1%+0.1pp	1.0%-0.1pp	1.1%+0.1pp	1.0%-0.6pp	1.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.94-0.2	1.13-0.3	1.42+0.1	1.28-7.7	9.00+1.4	7.64
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	28.7%-4.7pp	33.5%+2.7pp	30.8%+1.8pp	29.0%+1.5pp	27.5%-1.7pp	29.2%+1.5pp	27.7%+0.4pp	27.3%
Return on Equity	2.8%-0.6pp	3.4%+0.3pp	3.1%+0.2pp	2.9%+0.2pp	2.7%-0.3pp	3.0%+0.3pp	2.7%-0.1pp	2.8%
Return on Assets	0.3%-0.1pp	0.4%+0.0pp	0.3%+0.0pp	0.3%+0.0pp	0.3%-0.0pp	0.3%+0.0pp	0.3%0.0pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.05+0.1	0.94-0.1	1.060.0	1.05-0.0	1.08-0.1	1.13-0.1	1.22-0.1	1.36
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is PNC Financial Services Group's annual revenue?

PNC Financial Services Group (PNC) reported $23.1B in total revenue for fiscal year 2025. This represents a 7.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is PNC Financial Services Group's revenue growing?

PNC Financial Services Group (PNC) revenue grew by 7.2% year-over-year, from $21.6B to $23.1B in fiscal year 2025.

Is PNC Financial Services Group profitable?

Yes, PNC Financial Services Group (PNC) reported a net income of $7.0B in fiscal year 2025, with a net profit margin of 30.3%.

How much debt does PNC Financial Services Group have?

As of fiscal year 2025, PNC Financial Services Group (PNC) had $39.7B in cash and equivalents against $57.1B in long-term debt.

What is PNC Financial Services Group's net profit margin?

PNC Financial Services Group (PNC) had a net profit margin of 30.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does PNC Financial Services Group pay dividends?

Yes, PNC Financial Services Group (PNC) paid $6.60 per share in dividends during fiscal year 2025.

What is PNC Financial Services Group's return on equity (ROE)?

PNC Financial Services Group (PNC) has a return on equity of 11.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is PNC Financial Services Group's operating cash flow?

PNC Financial Services Group (PNC) generated $4.4B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are PNC Financial Services Group's total assets?

PNC Financial Services Group (PNC) had $573.6B in total assets as of fiscal year 2025, including both current and long-term assets.

Does PNC Financial Services Group buy back shares?

Yes, PNC Financial Services Group (PNC) spent $1.3B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does PNC Financial Services Group have outstanding?

PNC Financial Services Group (PNC) had 403M shares outstanding as of fiscal year 2025.

What is PNC Financial Services Group's debt-to-equity ratio?

PNC Financial Services Group (PNC) had a debt-to-equity ratio of 0.94 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is PNC Financial Services Group's return on assets (ROA)?

PNC Financial Services Group (PNC) had a return on assets of 1.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is PNC Financial Services Group's Piotroski F-Score?

PNC Financial Services Group (PNC) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are PNC Financial Services Group's earnings high quality?

PNC Financial Services Group (PNC) has an earnings quality ratio of 0.63x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is PNC Financial Services Group?

PNC Financial Services Group (PNC) scores 26 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.