PNC Financial is one of the three super-regional banks in the US, with over $600 billion in total assets at the end of March 2026. Headquartered in Pittsburgh, Pennsylvania, PNC Financial has a coast-to-coast branch network, with a strong presence in the US Midwest and Northeast.
It is a $87.9B financial services company. Revenue grew 13.2% over the last year, and it keeps 31¢ of every dollar of sales as profit. It trades at 11.5× earnings — around the middle of its own history.
- Website
- pnc.com
- Location
- Pittsburgh, PA
- Employees
- 55 333
- Sector
- Financial Services
- Founded
- 1991
- Next earnings
- Oct 15, 2026 · in 3d
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation; Growth, Health and Moat lag behind.
Valuation75
- P/E vs own history39th pct · 20/25
- FCF yield8.5% · 25/25
- P/S2.3x · 20/25
- EV/EBITDAn/a · 10/25
Growth23
- Revenue CAGR4.7% · 6/25
- Net income CAGR5.1% · 12/25
- EPS CAGR ~5Y-0.0% · 0/25
- Fwd implied growth4.6% · 5/25
Profitability67
- ROIC6.3% · 5/25
- ROE12.3% · 12/25
- Net margin30.7% · 25/25
- Operating margin34.5% · 25/25
Health45
- Altman Zn/a · 0/25
- Current ration/a · 0/25
- Interest coverageno interest expense · 25/25
- Net cash / debtD/A 9% · 20/25
Quality55
- Piotroski F6/9 · 15/25
- Beneish M-2.38 · 20/25
- FCF conversionn/a · 0/25
- Margin stabilityσ 7.7% · 20/25
Moat25
- ROIC >12% years0/10 yrs · 0/25
- Median gross marginn/a · 0/25
- FCF-positive yearsn/a · 0/25
- Worst-year net marginworst 23.9% · 25/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2020FinancialBest year on record$7.56B net income
- 2017AcquisitionThe company acquired the U.S. equipment finance business of ECN Capital for $1.3 billion
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $10B$15.2B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- 2012AcquisitionPNC acquired RBC Bank USA from Royal Bank of Canada for $3.45 billion
- 2008AcquisitionPrior to the acquisition, PNC had slipped (due to mergers and growth in other firms) from its ranking following the…
- Mar 2, 2007AcquisitionPNC acquired Maryland-based Mercantile Bankshares, making PNC the eighth largest bank in the…
- 2000MilestoneThe company adopted a new brand image and changed its name to PNC Financial Services Group
- 1991FoundedMidland Loan Services, a division of PNC Real Estate based in Overland Park, Kansas and founded in 1991, is ranked…
- 1991AcquisitionBetween 1991 and 1996, PNC purchased more than ten smaller banks and financial institutions, including the $30…
- 1959AcquisitionPeoples First merged with Fidelity Trust Company to form Pittsburgh National Bank
- 1946AcquisitionFirst National merged with Peoples-Pittsburgh Trust Company with whom it had worked closely since the 1930s…
- 1863MilestoneThe bank changed its name to First National Bank of Pittsburgh in 1863 after it became the first bank in the country…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Strongly profitable — 30.7% net margin
- Revenue growing 13.2% year over year
- Strong cash conversion — FCF is 29.9% of revenue
Watch-outs
- Net debt equals ~6.7 years of free cash flow
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+13.2% YoY
- Profitable — makes more than it spends$7.68B TTM
- Profit growing — earnings are higher than last year+6.1% YoY
- Generates cash — cash left after running and investing$7.49B TTM
- Debt under control — could handle its obligations~6.7y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$87.9B market cap
- Not printing shares — share count not ballooning — you keep your slice-7.3% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distresshealth score 25/100
- Pays a dividend — returns cash to shareholdersyield 3.49%
- Valuation not extreme — price not wildly above earningsP/E 11.5
Peer comparisonPNC Financial Services Group vs 6 largest financial services peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| PNC this company | $87.9B | 11.5 | +13.2% | 30.7% | Strained |
| BRK.A Berkshire Hathaway Inc. | $1.1T | 11.6 | +3.9% | 22.3% | Mixed |
| BRK.B Berkshire Hathaway | $1.1T | 11.6 | +0.0% | 18.0% | Strong |
| JPM JPMorgan Chase & Co. | $886.2B | 13.6 | +13.5% | 32.6% | Strained |
| V VISA Inc. | $723.9B | 31.9 | +14.4% | 50.8% | Solid |
| MA Mastercard Incorporated | $516.4B | 31.7 | +16.0% | 46.3% | Mixed |
| BAC Bank of America Corporation | $380.4B | 11.3 | +15.9% | 27.8% | Mixed |
Head-to-head: PNC vs BRK.A · PNC vs BRK.B · PNC vs JPM
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/PNC
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of PNC on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $220.24 · market cap $87.9B.