PNC Financial Services Group Stock Price, News & Analysis

PNC Financial Services Group (NYSE: PNC) announced that CEO William S. Demchak and CFO Robert Q. Reilly will present at the Morgan Stanley U.S. Financials Conference in New York City on June 11, 2025, at 1:45 p.m. (ET). The presentation will focus on PNC's business performance and strategy.

The event will be accessible through a live webcast at www.pnc.com/investorevents, with presentation materials available before the event. A replay will be available for 30 days afterward. PNC is one of the largest diversified financial institutions in the United States, offering retail and business banking, corporate banking, real estate finance, asset-based lending, wealth management, and asset management services.

PNC Financial Services Group (NYSE: PNC) has announced its schedule for 2026 quarterly earnings releases and conference calls. The earnings releases will be issued pre-market open, followed by conference calls at 10 a.m. (ET) on the following dates:

• First Quarter: Wednesday, April 15, 2026
• Second Quarter: Wednesday, July 15, 2026
• Third Quarter: Thursday, October 15, 2026
• Fourth Quarter: Friday, January 15, 2027

Live audio webcasts, presentation slides, earnings releases, and supplementary financial information will be available at www.pnc.com/investorevents. PNC is one of the largest diversified financial services institutions in the United States, offering retail and business banking, lending, corporate banking, and wealth management services.

PNC Bank (NYSE: PNC) has announced a definitive agreement to acquire Aqueduct Capital Group, a placement agent specializing in raising capital for private equity, private credit, and real asset managers. Founded in 2003, Aqueduct will complement PNC's subsidiary Harris Williams' existing capital advisory capabilities. The acquisition will expand PNC's ability to serve the global capital needs of the private equity industry, with minimal overlap in client bases and limited partner relationships. The transaction is expected to close in mid-summer 2025, with terms undisclosed.

The merger aims to leverage synergies between Aqueduct and Harris Williams, enabling clients to diversify their investor base across North America, Australia, Europe, and Asia. Keefe, Bruyette & Woods (KBW) served as Aqueduct's advisor, while Wachtell, Lipton, Rosen & Katz and King & Spalding LLP acted as legal counsel to PNC Bank and Aqueduct, respectively.

PNC Financial Services reported first quarter 2025 net income of $1.5 billion with diluted EPS of $3.51. Total revenue reached $5.5 billion, down 2% from Q4 2024. Net interest margin expanded 3 basis points to 2.78%.

Key highlights include a 1% decrease in net interest income to $3.5 billion, a 2% decline in fee income due to slower capital markets activity, and a 3% reduction in noninterest expense. The bank maintained strong credit quality with net loan charge-offs at $205 million (0.26% annualized).

Balance sheet metrics showed average loans decreased by $2.4 billion (1%), while spot loans increased $2.4 billion, driven by 3% growth in commercial and industrial loans. The bank's CET1 capital ratio stood at 10.6%, and they repurchased approximately $200 million of common shares.

PNC Financial Services Group (NYSE: PNC) has appointed Mark Wiedman as president of the and PNC Bank, effective immediately. Wiedman, who will report to Chairman and CEO William S. Demchak, joins PNC from BlackRock where he was senior managing director and member of the Global Executive Committee.

At BlackRock, Wiedman headed the Global Client Business managing $11 trillion in commercial relationships and previously led iShares and Index Investments, growing it from $500 billion to $1.7 trillion. He also led BlackRock's Financial Markets Advisory and assisted governments during the financial crisis.

The appointment comes as PNC executes its growth-focused strategy, having achieved positive operating leverage in 2024. The bank aims to scale operations by expanding its client base through diversified products and services, leveraging technology, and growing brand awareness.

PNC Financial Services Group (NYSE: PNC) has announced its quarterly dividend declarations. The company will pay a quarterly cash dividend of $1.60 per share on common stock, payable May 5, 2025, to shareholders of record as of April 16, 2025.

Additionally, PNC declared dividends on multiple series of preferred stocks:

• Series B: Quarterly dividend of $0.45 per share
• Series S: Semi-annual dividend of $2,500.00 per share ($25.00 per depositary share)
• Series T: Quarterly dividend of $850.00 per share ($8.50 per depositary share)
• Series U: Quarterly dividend of $1,500.00 per share ($15.00 per depositary share)
• Series V: Quarterly dividend of $1,550.00 per share ($15.50 per depositary share)
• Series W: Quarterly dividend of $1,562.50 per share ($15.6250 per depositary share)