NYSE · Financial Services

The PNC Financial Services Group, Inc.

PNC · Banks - Regional

$232.04

▼ -1.09 (-0.47%)

Cached · 10 min

Overall Grade

Defensive

Enterprising

Profitability

A⤢

Net Income Margin 28.6%

Fin. Health

F⤢

Years to Pay Off Debt 37.9 yrs

Valuation

F⤢

Margin of Safety 0.0%

Price-to-Book 1.46x

Cash Flow

A⤢

Free Cash Flow $1.9B

Defensive — Graham's strict criteria (P/B, P/E, dividends, stability) · Enterprising — Profitability & cash flow focused, accepts higher valuations for quality

About The PNC Financial Services Group, Inc.

The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The Retail Banking segment offers checking, savings, and money market accounts, and time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services. This segment serves consumer and small business customers through a network of branches, digital channels, ATMs, and through phone-based customer contact centers. The Corporate & Institutional Banking segment provides secured and unsecured loans, letters of credit, and equipment leases; cash and investment management, receivables and disbursement management, funds transfer, international payment, and access to online/mobile information management and reporting services; asset-backed financing, securities underwriting, loan syndications, mergers and acquisitions and equity capital markets advisory, and customer related services; and commercial loan servicing and technology solutions. It serves mid-sized and large corporations, and government and not-for-profit entities. The Asset Management Group segment offers investment and retirement planning, customized investment management, credit and cash management solutions, and trust management and administration services for high net worth and ultra high net worth individuals, and their families; and multi-generational family planning services. It also offers outsourced chief investment officer, custody, cash and fixed income client solutions, and retirement plan fiduciary investment services for institutional clients. The company was founded in 1865 and is headquartered in Pittsburgh, Pennsylvania.

Market Data

Market Cap $93.2B

Enterprise Value $154.7B

P/E (TTM) 13.49

Dividend Yield 2.87%

Exchange NYSE

Key Margins

Gross Profit N/A

Operating Margin N/A

Net Margin 28.6%

Company Info

Sector Financial Services

Industry Banks - Regional

Employees 56366

Country United States

Visit website

📖

Full Graham Analysis

Mr. Market is currently offering The PNC Financial Services Group, Inc. at $232.04.

The business passes 4 of 6 of Graham's defensive criteria — adequate but not exceptional.

At $232.04, the stock trades at a 91% premium to its Graham Number of $121.34. Graham would consider this price speculative.

There is no margin of safety at the current price. Graham would advise patience and waiting for a better entry point.

Conclusion: This stock is better suited for Graham's Enterprising investor — one willing to devote time and skill to security selection.

Showing Key Metrics

Income Highlights

Metric	Q1 2026	Q4 2025	Q4 2024
Gross Profit %	N/A•	N/A•	N/A
Operating Margin %	N/A•	N/A•	N/A
Net Income %	28.6%▼	33.3%•	N/A
Diluted EPS	4.13▼	4.88•	N/A

Balance Sheet Highlights

Metric	Q1 2026	Q4 2025	Q4 2024
Total Assets	$603.0B	$573.6B	N/A
Total Debt	$66.7B▲	$57.1B•	N/A
Working Capital	N/A•	N/A•	N/A
Years to Pay Debt	37.88	28.27	N/A

Cash Flow Highlights

Metric	Q1 2026	Q4 2025	Q4 2024
Free Cash Flow	$1.9B▲	$757M•	N/A
Owner Earnings	N/A	N/A	N/A
CapEx % of Net Income	N/A	N/A	N/A

Income Statement

	2026	2025	2024
Tax Effect Of Unusual Items	-18,596	13,726
Tax Rate For Calcs	0	0
Total Unusual Items	-98,000	108,000
Total Unusual Items Excluding Goodwill	-98,000	108,000
Net Income From Continuing Operation Net Minority Interest	1,760,000	2,020,000
Reconciled Depreciation	66,000	108,000
Net Interest Income	3,961,000	3,731,000
Interest Expense	2,483,000	2,649,000
Interest Income	6,444,000	6,380,000
Normalized Income	1,839,404	1,925,726
Net Income From Continuing And Discontinued Operation	1,760,000	2,020,000
Diluted Average Shares	405,000	394,000
Basic Average Shares	405,000	394,000
Diluted EPS	0	0
Diluted NI Availto Com Stockholders	1,675,000	1,922,000
Net Income Common Stockholders	1,675,000	1,922,000
Otherunder Preferred Stock Dividend	12,000	15,000
Preferred Stock Dividends	73,000	83,000
Net Income	1,760,000	2,020,000
Minority Interests	-12,000	-13,000
Net Income Including Noncontrolling Interests	1,772,000	2,033,000
Net Income Continuous Operations	1,772,000	2,033,000
Tax Provision	415,000	296,000
Pretax Income	2,187,000	2,329,000
Special Income Charges	-98,000	108,000
Other Special Charges			112,000
Restructuring And Mergern Acquisition	98,000
Gain On Sale Of Security	-8,000	-10,000
Selling General And Administration	2,193,000	2,134,000
Selling And Marketing Expense	87,000	101,000
General And Administrative Expense	2,106,000	2,033,000
Salaries And Wages	2,106,000	2,033,000
Total Revenue	6,157,000	6,068,000
Operating Revenue	6,157,000	6,068,000
Occupancy And Equipment	677,000	659,000
Other Non Interest Expense	800,000	918,000

Balance Sheet

	2026	2025	2024
Treasury Shares Number	155,167	153,084
Ordinary Shares Number	402,046	390,414
Share Issued	557,213	543,498
Net Debt	34,967,000	17,388,000
Total Debt	66,666,000	57,101,000
Tangible Book Value	46,529,000	45,967,000
Invested Capital	130,293,000	117,686,000
Net Tangible Assets	46,529,000	45,967,000
Common Stock Equity	63,627,000	60,585,000
Total Capitalization	130,293,000	117,686,000
Total Equity Gross Minority Interest	63,676,000	60,636,000
Minority Interest	49,000	51,000
Stockholders Equity	63,627,000	60,585,000
Gains Losses Not Affecting Retained Earnings	-3,773,000	-3,408,000
Other Equity Adjustments	-3,773,000	-3,408,000
Treasury Stock	21,568,000	20,912,000
Retained Earnings	64,256,000	63,266,000
Additional Paid In Capital	21,926,000	18,922,000
Capital Stock	2,786,000	2,717,000
Common Stock	2,786,000	2,717,000
Total Liabilities Net Minority Interest	539,352,000	512,936,000
Long Term Debt And Capital Lease Obligation	66,666,000	57,101,000
Long Term Debt	66,666,000	57,101,000
Long Term Provisions	832,000	818,000
Total Assets	603,028,000	573,572,000
Investments And Advances	153,624,000	149,030,000
Held To Maturity Securities	64,218,000	59,960,000
Available For Sale Securities	69,821,000	67,607,000
Long Term Equity Investment	10,512,000	10,790,000
Goodwill And Other Intangible Assets	17,098,000	14,618,000
Other Intangible Assets	3,816,000	3,659,000
Goodwill	13,282,000	10,959,000
Receivables		7,090,000	6,695,000
Other Receivables		7,090,000	6,695,000
Other Short Term Investments	9,073,000	10,673,000
Cash And Cash Equivalents	31,699,000	39,713,000
Cash Financial	5,646,000	6,777,000
Cash Cash Equivalents And Federal Funds Sold	31,699,000	39,713,000

Cash Flow

	2026	2025	2024
Free Cash Flow	1,928,000	757,000
Repurchase Of Capital Stock	-796,000	-406,000
Repayment Of Debt	-6,000,000	-3,977,000
Issuance Of Debt	14,349,000	-770,000
Issuance Of Capital Stock	26,000	9,000
Interest Paid Supplemental Data	2,515,000	2,842,000
Income Tax Paid Supplemental Data			102,000
End Cash Position	31,699,000	39,713,000
Beginning Cash Position	39,713,000	38,871,000
Changes In Cash	-8,014,000	842,000
Financing Cash Flow	644,000	2,194,000
Cash Flow From Continuing Financing Activities	644,000	2,194,000
Net Other Financing Charges	154,000
Cash Dividends Paid	-769,000	-759,000
Preferred Stock Dividend Paid	-73,000	-83,000
Common Stock Dividend Paid	-696,000	-676,000
Net Common Stock Issuance	-770,000	-397,000
Common Stock Payments	-796,000	-406,000
Common Stock Issuance	26,000	9,000
Net Issuance Payments Of Debt	8,349,000	-4,747,000
Net Long Term Debt Issuance	8,349,000	-4,747,000
Long Term Debt Payments	-6,000,000	-3,977,000
Long Term Debt Issuance	14,349,000	-770,000
Investing Cash Flow	-10,586,000	-2,109,000
Cash Flow From Continuing Investing Activities	-10,586,000	-2,109,000
Net Other Investing Changes	-1,640,000	-1,139,000
Net Investment Purchase And Sale	5,070,000	2,894,000
Sale Of Investment	14,136,000	7,673,000
Purchase Of Investment	-9,066,000	-4,779,000
Net Business Purchase And Sale	-80,000
Purchase Of Business	-80,000
Operating Cash Flow	1,928,000	757,000
Cash Flow From Continuing Operating Activities	1,928,000	757,000
Change In Working Capital	-606,000	-1,957,000
Change In Other Working Capital	105,000	-673,000
Change In Other Current Assets	474,000	-909,000
Change In Payables And Accrued Expense	-1,756,000	479,000
Change In Accrued Expense	-1,756,000	479,000
Other Non Cash Items	480,000	329,000
Asset Impairment Charge	108,000	70,000
Deferred Tax	-102,000	28,000
Deferred Income Tax	-102,000	28,000
Depreciation Amortization Depletion	66,000	108,000
Depreciation And Amortization	66,000	108,000
Operating Gains Losses	8,000	10,000
Gain Loss On Investment Securities		7,000	2,000
Net Income From Continuing Operations	1,772,000	2,033,000

📊 Quarterly mode — Graham Fair Value & 7 Criteria require annual data. Switch to Annual for full analysis.

Quarter vs Same Quarter Last Year

YoY strips seasonality

Revenue Growth (YoY)

Prior year: $5.4B ▲ $6.2B +13.0%

Revenue growth vs same quarter last year strips seasonality. Consistent double-digit growth is a Buffett hallmark.

Net Margin

Prior year: 27.2% ▲ 28.6% +1.4pp

Net margin can be distorted by one-time items, tax timing, or interest costs — compare to operating margin for signal quality.

Quarterly Health Checks

3 Graham/Buffett criteria that are valid and reliable on quarterly data

✅ Adequate Size

Graham required scale for resilience. Quarterly revenue × 4 gives an annualised proxy.

$6.2B/qtr (≈$24.6B ann.)

vs > $1.5B annualised revenue

✅ Free Cash Flow

Buffett's most important single metric. A positive FCF quarter means the business generated real cash for owners after maintaining its asset base.

$1.9B

vs Positive

Operating Cash Flow

$1.9B

Latest quarter · Buffett's cash reality check

ROIC

N/A

Based on latest annual operating income

Market Cap / Net Assets

1.5x

Net Assets: $63.7B

Peers & Industry

No auto-detected peers for Banks - Regional. You can manually compare PNC against any stock using the Compare tool.

"The management of a business is its most important single factor — more important than market position, patents, or financial structure."

— Benjamin Graham

Capital Allocation & Alignment

Insider Ownership

0.30%

Low — management has little skin in the game

Return on Equity (ROE)

2.8%

Weak — poor returns on equity

Return on Assets (ROA)

0.3%

Poor — assets are not generating adequate returns

Share Buybacks (Latest Year)

$1.3B

Management is returning capital to shareholders via buybacks

Debt Trend YoY

+16.8% YoY

Debt is growing — management is leveraging up

Leadership Team

William Demchak

Chairman & CEO

Age 63

Pay: $10,670,221

0.606% of net income

Mark Kenneth Wiedman

President

Age 54

Pay: $4,822,359

0.274% of net income

Robert Reilly

Executive VP & CFO

Age 60

Pay: $4,046,117

0.230% of net income

Top Institutional Holders

Institution	% Owned	Shares
Blackrock Inc.	7.96%	31,975,872
Vanguard Capital Management LLC	6.53%	26,205,842
State Street Corporation	4.40%	17,669,349
FMR, LLC	3.91%	15,689,129
Vanguard Portfolio Management LLC	2.43%	9,755,068
Geode Capital Management, LLC	2.34%	9,405,450
Capital Research Global Investors	2.18%	8,738,645
Franklin Resources, Inc.	2.14%	8,613,300

Risk Analysis

Beta (Market Risk)

0.92

Low volatility — more stable than the market

Short Interest

1.7% of float

Low short interest — market is not heavily bearish

52-Week Price Range

Low: $176.17 Current: $232.04 High: $243.94

Currently at 82% of 52-week range