PNC Financial Services Group Stock Price, News & Analysis

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)

PNC Financial Services Group (NYSE: PNC) has announced key upcoming events for investors and shareholders. The company will release its first quarter 2025 financial results on Tuesday, April 15, 2025, at 6:30 a.m. ET, followed by an investor conference call at 10 a.m. ET featuring Chairman and CEO William S. Demchak and CFO Robert Q. Reilly.

The company will also hold its Annual Meeting of Shareholders virtually on Wednesday, April 23, 2025, at 11 a.m. ET. Shareholders of record as of January 31, 2025, can participate, vote, and submit questions during the meeting using their unique control number. A 30-day replay will be available for both events.

PNC's latest semi-annual survey of small and mid-sized business owners reveals sustained optimism across multiple economic dimensions. 78% of business owners are optimistic about their own business prospects, near the 23-year survey high of 79%. The national economic outlook remains strong with 50% of owners expressing optimism, just below the survey-high of 56%, while 56% are optimistic about their local economy.

Key findings show 65% of businesses expect increasing sales in the next six months, with 57% anticipating higher profits. However, inflation remains a significant concern, with 43% of owners extremely concerned. Notable trends include: 53% planning price increases, reduced hiring expectations at 15%, record-high inventory increase predictions at 42%, and 26% forecasting lower cash reserves next year.

Harris Williams, a global investment bank focused on M&A and private capital advisory services, has announced significant senior-level promotions across the U.S. and Europe. The promotions include five new Managing Directors: Ty Denoncourt, Jenson Dunn, Kevin Harper, Jason Hart, and Elliott Yousefian.

Additionally, nine professionals were promoted to Director positions and fourteen to Vice President roles. Co-CEOs Bob Baltimore and John Neuner emphasized these professionals' role in providing differentiated service and maintaining the firm's collaborative culture. Frank Mountcastle, head of M&A, highlighted the firm's focus on developing top-level talent to meet increasing client needs.

PNC Financial Services Group (NYSE: PNC) has appointed Douglas Dachille to its board of directors and risk committee, effective February 3, 2025. Dachille brings extensive financial sector experience, having served as chief investment officer of AIG (2015-2021) and co-founder/CEO of First Principles Capital Management. His previous roles include president and chief operating officer of Zurich Capital Markets and global head of proprietary trading at JPMorgan Chase.

PNC's chairman and CEO William S. Demchak highlighted Dachille's unique perspective of the financial services sector as valuable for the company's accelerated growth strategy. Dachille currently serves on the boards of Equitable Holdings and BridgeBio Pharma, and holds a B.S. from Union University/Albany Medical College and an M.B.A. in finance from the University of Chicago.

PNC Financial Services Group (NYSE: PNC) has announced that Executive Vice President and CFO Robert Q. Reilly will present at the UBS Financial Services Conference in Miami. The presentation is scheduled for Tuesday, Feb. 11, at 11:20 a.m. (ET).

The event will be accessible via live webcast through PNC's investor events portal at www.pnc.com/investorevents, where related materials and cautionary statements will also be available.

PNC Financial Services Group (NYSE: PNC) announced that President Michael P. Lyons is leaving the company to become President & CEO-Elect at Fiserv. Lyons, who joined PNC in 2011 as head of Corporate & Institutional Banking and was promoted to president in 2024, served the company for 13 years.

PNC Chairman and CEO William S. Demchak expressed confidence in the company's leadership team and its continued journey toward becoming one of the largest and most successful banks in the United States. PNC remains one of the largest diversified financial services institutions in the U.S., focusing on retail and business banking, specialized corporate services, and wealth management.