PNC Financial Services Group (PNC) Revenue & Revenue Breakdown

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PNC Financial Services Group Revenue Highlights

Latest Revenue (Y)

$21.51B

Latest Revenue (Q)

$5.46B

Main Segment (Y)

Retail Banking 1

PNC Financial Services Group Revenue by Period

PNC Financial Services Group Revenue by Year

Date	Revenue	Change
2023-12-31	$21.51B	1.87%
2022-12-31	$21.11B	10.34%
2021-12-31	$19.14B	13.22%
2020-12-31	$16.90B	-5.19%
2019-12-31	$17.83B	4.06%
2018-12-31	$17.13B	4.92%
2017-12-31	$16.33B	7.70%
2016-12-31	$15.16B	-0.41%
2015-12-31	$15.22B	-0.98%
2014-12-31	$15.38B	-3.98%
2013-12-31	$16.01B	3.22%
2012-12-31	$15.51B	8.28%
2011-12-31	$14.33B	-4.60%
2010-12-31	$15.02B	-5.63%
2009-12-31	$15.91B	126.83%
2008-12-31	$7.01B	2.68%
2007-12-31	$6.83B	5.01%
2006-12-31	$6.51B	3.01%
2005-12-31	$6.32B	14.17%
2004-12-31	$5.53B	5.31%
2003-12-31	$5.25B	-2.61%
2002-12-31	$5.39B	12.26%
2001-12-31	$4.80B	-4.95%
2000-12-31	$5.05B	-2.38%
1999-12-31	$5.18B	-0.35%
1998-12-31	$5.20B	20.75%
1997-12-31	$4.30B	12.09%
1996-12-31	$3.84B	23.75%
1995-12-31	$3.10B	13.55%
1994-12-31	$2.73B	-1.51%
1993-12-31	$2.77B	-

PNC Financial Services Group generated $21.51B in revenue during NA 2023, up 1.87% compared to the previous quarter, and up 125.55% compared to the same period a year ago.

PNC Financial Services Group Revenue by Quarter

Date	Revenue	Change
2024-09-30	$5.46B	-31.45%
2024-06-30	$7.97B	-6.30%
2024-03-31	$8.50B	58.27%
2023-12-31	$5.37B	2.66%
2023-09-30	$5.23B	-1.75%
2023-06-30	$5.33B	-4.93%
2023-03-31	$5.60B	-2.51%
2022-12-31	$5.75B	3.55%
2022-09-30	$5.55B	8.57%
2022-06-30	$5.11B	8.65%
2022-03-31	$4.71B	-9.06%
2021-12-31	$5.17B	0.04%
2021-09-30	$5.17B	10.82%
2021-06-30	$4.67B	10.59%
2021-03-31	$4.22B	0.29%
2020-12-31	$4.21B	-1.71%
2020-09-30	$4.28B	5.83%
2020-06-30	$4.04B	-10.27%
2020-03-31	$4.51B	-2.19%
2019-12-31	$4.61B	2.58%
2019-09-30	$4.49B	1.22%
2019-06-30	$4.44B	3.57%
2019-03-31	$4.29B	-1.24%
2018-12-31	$4.34B	-0.39%
2018-09-30	$4.36B	0.76%
2018-06-30	$4.32B	5.18%
2018-03-31	$4.11B	-3.50%
2017-12-31	$4.26B	3.27%
2017-09-30	$4.13B	1.60%
2017-06-30	$4.06B	4.53%
2017-03-31	$3.88B	0.26%
2016-12-31	$3.87B	1.18%
2016-09-30	$3.83B	0.92%
2016-06-30	$3.79B	3.52%
2016-03-31	$3.67B	-4.88%
2015-12-31	$3.85B	2.07%
2015-09-30	$3.77B	-2.35%
2015-06-30	$3.87B	3.62%
2015-03-31	$3.73B	-5.47%
2014-12-31	$3.95B	2.76%
2014-09-30	$3.84B	0.81%
2014-06-30	$3.81B	0.87%
2014-03-31	$3.78B	-7.27%
2013-12-31	$4.07B	3.90%
2013-09-30	$3.92B	-3.54%
2013-06-30	$4.06B	2.76%
2013-03-31	$3.96B	-2.80%
2012-12-31	$4.07B	-0.46%
2012-09-30	$4.09B	11.79%
2012-06-30	$3.66B	-3.00%
2012-03-31	$3.77B	6.23%
2011-12-31	$3.55B	-0.84%
2011-09-30	$3.58B	-1.70%
2011-06-30	$3.64B	0.28%
2011-03-31	$3.63B	-2.99%
2010-12-31	$3.74B	286.67%
2010-09-30	$968.00M	-75.84%
2010-06-30	$4.01B	3.27%
2010-03-31	$3.88B	-3.17%
2009-12-31	$4.01B	-4.09%
2009-09-30	$4.18B	0.85%
2009-06-30	$4.14B	3.03%
2009-03-31	$4.02B	139.86%
2008-12-31	$1.68B	1.33%
2008-09-30	$1.65B	-18.88%
2008-06-30	$2.04B	11.97%
2008-03-31	$1.82B	3.82%
2007-12-31	$1.75B	-

PNC Financial Services Group generated $5.46B in revenue during Q3 2024, up -31.45% compared to the previous quarter, and up 102.53% compared to the same period a year ago.

PNC Financial Services Group Revenue Breakdown

PNC Financial Services Group Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Asset Management Group	$1.45B	$1.54B	$1.46B	$1.21B	$1.28B
Corporate & Institutional Banking	$9.27B	$8.80B	$8.31B	$7.06B	$6.17B
Retail Banking 1	$12.93B	$10.51B	$9.00B	$8.13B	$8.17B
Other Segments	-	$269.00M	$437.00M	$501.00M	$1.21B
BlackRock 1	-	-	-	-	$999.00M

PNC Financial Services Group's latest annual revenue breakdown by segment (product or service), as of Dec 23: Retail Banking 1 (54.66%), Corporate & Institutional Banking (39.20%), and Asset Management Group (6.14%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Sep 19	Jun 19
Retail Banking 1	$3.48B	$4.12B	$3.38B	$3.39B	$3.36B	$3.15B	$3.02B	$2.74B	$2.41B	$2.28B	$2.38B	$4.22B	$2.02B	$2.06B	$1.98B	$2.24B	$2.14B	$2.03B	-	-
Corporate & Institutional Banking	$2.62B	$2.47B	$2.41B	$2.60B	$2.23B	$2.17B	$2.27B	$2.23B	$2.20B	$1.95B	$2.30B	$3.75B	$1.80B	$1.74B	$1.78B	$1.64B	$1.56B	$1.56B	-	-
Asset Management Group	$403.00M	$398.00M	$387.00M	$380.00M	$362.00M	$353.00M	$357.00M	$396.00M	$387.00M	$386.00M	$397.00M	$678.00M	$322.00M	$310.00M	$293.00M	$292.00M	$286.00M	$354.00M	-	-
Other Segments	-	-	-	-	-	-	-	$179.00M	$119.00M	$83.00M	$67.00M	$128.00M	$158.00M	$84.00M	$135.00M	$180.00M	$30.00M	$157.00M	$254.00M	$270.00M
BlackRock 1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$180.00M	$251.00M	$224.00M

PNC Financial Services Group's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Retail Banking 1 (53.56%), Corporate & Institutional Banking (40.25%), and Asset Management Group (6.20%).

PNC Financial Services Group Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
TFC	Truist Financial	$33.25B	$7.83B
USB	U.S. Bancorp	$28.01B	$2.70B
PNC	PNC Financial Services Group	$21.51B	$5.46B
FITB	Fifth Third Bancorp	$12.64B	$3.38B
KEY	KeyCorp	$10.40B	$1.91B
HBAN	Huntington Bancshares	$8.92B	$3.05B
RF	Regions Financial	$6.90B	$2.35B
CMA	Comerica	$5.29B	$982.00M
WAL	Western Alliance Ban	$4.33B	$1.29B
ZION	Zions Bancorporation, National Association	$2.71B	$1.28B
CFG	Citizens Financial Group	$24.12M	$3.06B

PNC Revenue FAQ

What is PNC Financial Services Group’s yearly revenue?

PNC Financial Services Group's yearly revenue for 2023 was $21.51B, representing an increase of 1.87% compared to 2022. The company's yearly revenue for 2022 was $21.11B, representing an increase of 10.34% compared to 2021. PNC's yearly revenue for 2021 was $19.14B, representing an increase of 13.22% compared to 2020.

What is PNC Financial Services Group’s quarterly revenue?

PNC Financial Services Group's quarterly revenue for Q3 2024 was $5.46B, a -31.45% decrease from the previous quarter (Q2 2024), and a 4.36% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $7.97B, a -6.30% decrease from the previous quarter (Q1 2024), and a 49.58% increase year-over-year (Q2 2023). PNC's quarterly revenue for Q1 2024 was $8.5B, a 58.27% increase from the previous quarter (Q4 2023), and a 51.78% increase year-over-year (Q1 2023).

What is PNC Financial Services Group’s revenue growth rate?

PNC Financial Services Group's revenue growth rate for the last 3 years (2021-2023) was 12.41%, and for the last 5 years (2019-2023) was 20.65%.

What are PNC Financial Services Group’s revenue streams?

PNC Financial Services Group's revenue streams in c 23 are Asset Management Group, Corporate & Institutional Banking, and Retail Banking 1. Asset Management Group generated $1.45B in revenue, accounting 6.14% of the company's total revenue, down -5.96% year-over-year. Corporate & Institutional Banking generated $9.27B in revenue, accounting 39.20% of the company's total revenue, up 5.33% year-over-year. Retail Banking 1 generated $12.92B in revenue, accounting 54.66% of the company's total revenue, up 23.01% year-over-year.

What is PNC Financial Services Group’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of PNC Financial Services Group was Retail Banking 1. This segment made a revenue of $12.92B, representing 54.66% of the company's total revenue.