News Release Details
Financial Press Release
PNC RELEASES RESULTS OF DODD-FRANK COMPANY-RUN STRESS TEST
"The results of the stress test demonstrate that PNC is well-positioned with a strong balance sheet to meet the needs of our customers, communities and employees during the hypothetical challenges of a severe economic downturn," said PNC Chairman, President and Chief Executive Officer
Under the hypothetical severely adverse scenario provided by the agencies, PNC estimates that its ending and minimum regulatory capital ratios would be as follows:
Basel III Regulatory Capital Ratios:
Common Equity Tier 1
Tier 1 Leverage
Ending Q1 2024
These results are the product of a forward-looking regulatory exercise using hypothetical macroeconomic assumptions and, as such, these results do not represent a forecast of PNC's future capital levels or anticipated economic conditions.
The supervisory severely adverse scenario for the 2022 company-run stress test was released by the
PNC has assumed that its capital actions during the projection period are consistent with the requirements of the
- There are no repurchases or redemptions of regulatory capital instruments;
- There are no issuances of common stock or preferred stock;
- No dividends are paid on PNC's common stock; and
- Payments on Tier 1 and Tier 2 regulatory capital instruments outstanding are made equal to the stated dividend, interest, or principal due.
The Basel III risk-based ratios were determined using the Standardized Approach for risk weights included in the Basel III rules.
Results of PNC's company-run stress test, including PNC's estimates of pre-provision net revenue, other revenue, loan and other losses, net income before taxes, risk-weighted assets, and regulatory capital ratios for PNC, as well as additional information on the methodologies used in conducting the stress test, may be found at www.pnc.com/regulatorydisclosures.
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