PNC Financial Services Group (PNC) Revenue & Revenue Breakdown
PNC Financial Services Group Revenue Highlights
Latest Revenue (Y)
$21.51B
Latest Revenue (Q)
$8.04B
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 |
|---|---|---|
| 2024-06-30 | $8.04B | -5.47% |
| 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 $8.04B in revenue during Q2 2024, up -5.47% compared to the previous quarter, and up 143.48% 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 |
| Retail Banking 1 | $12.93B | $10.51B | $9.00B | $8.13B | $8.17B |
| Corporate & Institutional Banking | $9.27B | $8.80B | $8.31B | $7.06B | $6.17B |
| 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 | 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 | Mar 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Retail Banking 1 | $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 | $1.94B | - | - |
| Corporate & Institutional Banking | $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 | $1.45B | - | - |
| Asset Management Group | $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 | $287.00M | - | - |
| 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 | $369.00M |
| BlackRock 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $180.00M | $251.00M | $224.00M | $233.00M |
PNC Financial Services Group's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Retail Banking 1 (58.92%), Corporate & Institutional Banking (35.38%), and Asset Management Group (5.69%).
PNC Financial Services Group Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| TFC | Truist Financial | $33.25B | $1.14B |
| USB | U.S. Bancorp | $28.01B | $10.80B |
| PNC | PNC Financial Services Group | $21.51B | $8.04B |
| FITB | Fifth Third Bancorp | $12.64B | $3.31B |
| KEY | KeyCorp | $10.40B | $2.71B |
| HBAN | Huntington Bancshares | $8.92B | $2.98B |
| RF | Regions Financial | $6.90B | $2.32B |
| CMA | Comerica | $5.29B | $1.25B |
| WAL | Western Alliance Ban | $4.33B | $1.24B |
| ZION | Zions Bancorporation, National Association | $2.71B | $1.25B |
| CFG | Citizens Financial Group | $24.12M | $3.11B |
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 Q2 2024 was $8.04B, a -5.47% decrease from the previous quarter (Q1 2024), and a 50.91% increase year-over-year (Q2 2023). The company'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). PNC's quarterly revenue for Q4 2023 was $5.37B, a 2.66% increase from the previous quarter (Q3 2023), and a -6.51% decrease year-over-year (Q4 2022).
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, Retail Banking 1, and Corporate & Institutional Banking. Asset Management Group generated $1.45B in revenue, accounting 6.14% of the company's total revenue, down -5.96% 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. Corporate & Institutional Banking generated $9.27B in revenue, accounting 39.20% of the company's total revenue, up 5.33% 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.