Financial Press Releases

Financial Press Releases

Date Title  
Toggle Summary PNC Announces Redemption of Senior Notes Due December 9, 2022
PITTSBURGH , Nov. 24, 2021 /PRNewswire/ --  The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on Dec. 9, 2021 , of the following Senior Notes issued by PNC Bank, National Association :     All outstanding Senior Fixed Rate/Floating Rate Notes due Dec.
Toggle Summary PNC Executives to Speak at Goldman Sachs Conference
PITTSBURGH , Nov. 23, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chairman, President and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will discuss business performance, strategy
Toggle Summary Check Your List Twice: Annual PNC Christmas Price Index Reflects Mostly Re-Opened Economy By Comparing To 2019
- For the 38th year, PNC calculated the cost of Christmas - Performers return to Index after a year's hiatus - E-commerce provides pandemic-proof ways to send season's greetings PITTSBURGH , Nov. 18, 2021 /PRNewswire/ -- Following a bah-humbug year for the country's economy in 2020, PNC's 38 th
Toggle Summary PNC Appoints Bryan Salesky To Board Of Directors
PITTSBURGH , Oct. 29, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. , (NYSE: PNC) appointed Bryan Salesky, CEO of Argo AI, LLC , to its board of directors, effective today. He has also been appointed to the board's Technology Subcommittee and its Special Committee on Equity &
Toggle Summary PNC Announces Redemption Of 2.550 Percent Senior Bank Notes Due December 9, 2021
PITTSBURGH , Oct. 29, 2021 /PRNewswire/ --  The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on Nov. 9, 2021 of all of the outstanding Senior Notes due Dec. 9, 2021 issued by PNC Bank, National Association in the amount of $750,000,000 (CUSIP 69353REY0).
Toggle Summary PNC Executive To Speak At BancAnalysts Association Of Boston Conference
PITTSBURGH , Oct. 22, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Robert Q. Reilly , executive vice president and chief financial officer, will discuss business performance, strategy and banking at 10:30 a.m. (ET) Friday, Nov.
Toggle Summary PNC Reports Third Quarter 2021 Net Income Of $1.5 Billion, $3.30 Diluted EPS Or $3.75 As Adjusted
Converted BBVA USA; delivered record revenue; continued strong credit quality performance PITTSBURGH , Oct. 15, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the quarter In millions, except per share data and as noted 3Q21 2Q21 3Q20 Third Quarter
Toggle Summary PNC Achieves National Expansion With Conversion Of BBVA USA
Completion of Largest Conversion in Bank's History PITTSBURGH , Oct. 12, 2021 /PRNewswire/ --  The PNC Financial Services Group, Inc. (NYSE: PNC) today announced it has completed the conversion of 2.6 million customers, 9,000 employees and nearly 600 branches across seven states from BBVA USA to
Toggle Summary PNC Declares Dividend Of $1.25 On Common Stock
PITTSBURGH , Oct. 1, 2021 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.25 per share. The dividend will be payable Nov. 5, 2021 , to shareholders of record at the close of business Oct.
Toggle Summary Small Business Optimism Hits Record High, Gaining Momentum From Vaccines And Adapted Pandemic Operations, PNC Survey Shows
- Eight in 10 business owners have encouraged or required employees to be vaccinated; 78% estimate a majority of their employees have complied - Higher employee vaccination rates linked to more optimistic outlook for small businesses - Nearly three quarters (71%) expect sales to increase in the
Toggle Summary PNC Announces Amanda Rosseter As Chief Communications Officer
PITTSBURGH , Sept. 8, 2021 /PRNewswire/ --  The PNC Financial Services Group, Inc. (NYSE: PNC) today announced that Amanda Rosseter has joined the company as chief communications officer.     An accomplished leader, Rosseter has nearly three decades of experience in communications and media.
Toggle Summary The PNC Financial Services Group Announces Third Quarter Earnings Conference Call Details
PITTSBURGH , Sept. 8, 2021 /PRNewswire/ --  The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the third quarter at approximately 6:45 a.m. (ET) , Friday, Oct. 15, 2021 , as previously announced. PNC Chairman, President and Chief Executive Officer William S.
Toggle Summary PNC Executives To Speak At Barclays Global Financial Services Virtual Conference
PITTSBURGH , Aug. 31, 2021 /PRNewswire/ --  The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chairman, President and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will discuss business performance,
Toggle Summary PNC Pledges $20 Billion In Environmental Finance
Environmental finance goal builds on longstanding commitments to reduce environmental impact, transition to a low carbon economy and leverage resources to move all forward financially PITTSBURGH , Aug. 18, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc.
Toggle Summary PNC Issues Inaugural Social Bond
Proceeds will finance or re-finance eligible social projects that promote positive social outcomes and that benefit low- to moderate-income individuals and communities, majority-minority census tracts, and/or vulnerable or underserved populations. PITTSBURGH , Aug.
Toggle Summary PNC Announces Redemption Of 3.250 Percent Senior Notes Due September 3, 2021
PITTSBURGH , July 22, 2021 /PRNewswire/ --  The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on Aug. 4, 2021 of all of the outstanding Senior Notes due Sept. 3, 2021 issued by PNC in the amount of $500,000,000 (CUSIP 693475AU9).
Toggle Summary PNC Reports Second Quarter 2021 Net Income Of $1.1 Billion, $2.43 Diluted EPS
BBVA USA acquisition successfully closed; strong fee income growth; solid credit quality metrics PITTSBURGH , July 14, 2021 /PRNewswire/ --  The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the quarter In millions, except per share data and as noted 2Q21 1Q21 2Q20 Second
Toggle Summary PNC Announces Redemption Of Senior Notes Due July 22, 2022
PITTSBURGH , July 9, 2021 /PRNewswire/ --  The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on July 22, 2021 , of the following Senior Notes issued by PNC Bank, National Association : All outstanding Senior Fixed Rate/Floating Rate Notes due July 22, 2022 , in the
Toggle Summary PNC Raises Common Dividend To $1.25 Per Share
PITTSBURGH , July 1, 2021 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.25 per share, an increase of $0.10 per share, or 9%, from the second quarter dividend of $1.15 per share.
Toggle Summary PNC Announces Stress Capital Buffer And Planned Capital Actions
PITTSBURGH , June 28, 2021 /PRNewswire/ --  The PNC Financial Services Group, Inc. (NYSE: PNC) last week received the results of the Federal Reserve's 2021 Comprehensive Capital Analysis and Review (CCAR). The results included the Federal Reserve's estimate of PNC's minimum capital ratios for the
Toggle Summary The PNC Financial Services Group Announces Second Quarter Earnings Conference Call Details
PITTSBURGH , June 17, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the second quarter at approximately 6:45 a.m. (ET) , Wednesday, July 14, 2021 , as previously announced. PNC Chairman, President and Chief Executive Officer William
Toggle Summary The PNC Financial Services Group Provides Fourth Quarter 2021 And Quarterly 2022 Earnings Release Dates
PITTSBURGH , June 16, 2021 /PRNewswire/ --  The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that it expects to issue quarterly earnings releases pre-market open and hold conference calls at the times indicated on the following dates: Fourth Quarter 2021 – Tuesday, Jan.
Toggle Summary PNC Executives To Speak At Morgan Stanley Virtual Investor Conference
PITTSBURGH , June 1, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chairman, President and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will discuss business performance, strategy
Toggle Summary PNC Completes Acquisition of BBVA USA
BBVA USA Customers, Clients to be Served Through BBVA USA Until Conversion PITTSBURGH , June 1, 2021 /PRNewswire/ --  The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the completion of its acquisition of BBVA USA Bancshares, Inc. , including its U.S. banking subsidiary BBVA USA .
Toggle Summary PNC Executives To Speak At Bernstein Virtual Conference
PITTSBURGH , May 20, 2021 /PRNewswire/ --  The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chairman, President and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will discuss business performance, strategy
Toggle Summary PNC Receives Regulatory Approval For Acquisition Of BBVA USA
PITTSBURGH , May 14, 2021 /PRNewswire/ --  The PNC Financial Services Group, Inc. (NYSE: PNC) today announced receipt of regulatory approval from the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency to complete the previously announced acquisition
Toggle Summary PNC Announces $88 Billion Community Benefits Plan
Four-year plan developed in connection with PNC's pending acquisition of BBVA USA; Expands economic opportunity support for minorities and low- and moderate-income individuals and communities PITTSBURGH , April 27, 2021 /PRNewswire/ --  The PNC Financial Services Group, Inc.
Toggle Summary PNC Reports First Quarter 2021 Net Income Of $1.8 Billion, $4.10 Diluted EPS
Generated linked quarter positive operating leverage; significant provision recapture; record capital and liquidity PITTSBURGH , April 16, 2021 /PRNewswire/ --  The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the quarter In millions, except per share data and as noted 1Q21
Toggle Summary PNC Launches Low Cash Mode(SM) To Address $17 Billion In Industry Overdraft Fees
New Virtual Wallet® Feature Gives Control to Avoid Overdraft Fees PNC Customers Reduce Fees by 60% on Average in Recent Pilot PNC Expects to Drive Long-Term Growth via this Significant Enhancement to the Customer Experience PITTSBURGH , April 13, 2021 /PRNewswire/ -- Addressing the $17 billion that
Toggle Summary PNC Declares Dividend Of $1.15 On Common Stock
PITTSBURGH , April 1, 2021 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.15 per share. The dividend will be payable May 5, 2021 , to shareholders of record at the close of business April 16,
Toggle Summary PNC Announces Redemption Of 2.150 Percent Senior Bank Notes Due April 29, 2021
PITTSBURGH , March 19, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on March 30, 2021 , of all of the outstanding Senior Notes due April 29, 2021 , issued by PNC Bank, National Association in the amount of $1,250,000,000 (CUSIP 69353REW4).
Toggle Summary The PNC Financial Services Group Announces First Quarter 2021 Earnings Conference Call and Virtual-Only Annual Shareholders Meeting Details
PITTSBURGH , March 10, 2021 /PRNewswire/ --  The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the first quarter of 2021, Friday, April 16 , as previously announced, at approximately 6:45 a.m. (ET) . PNC Chairman, President and Chief Executive Officer William
Toggle Summary With Small Businesses Permanently Changed By The Pandemic, Owners Looking To Vaccine-Driven Recovery, PNC Survey Shows
- Three-quarters of business owners plan to encourage or require employees to vaccinate - One-in-four small businesses don't believe they can stay afloat for another year under current economic conditions - Nearly all businesses made adaptations during the pandemic; most expect them to become
Toggle Summary PNC Executives To Speak At Credit Suisse Virtual Conference
PITTSBURGH , Feb. 10, 2021 /PRNewswire/ --  The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chairman, President and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will discuss business performance,
Toggle Summary PNC Reports Full Year 2020 Net Income Of $7.6 Billion, $16.96 Diluted EPS
Fourth quarter net income was $1.5 billion, $3.26 diluted EPS Supported stakeholders and generated annual positive operating leverage PITTSBURGH , Jan. 15, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the year For the quarter In millions, except per
Toggle Summary PNC Declares Dividend Of $1.15 On Common Stock
PITTSBURGH , Jan. 5, 2021 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.15 per share. The dividend will be payable Feb. 5, 2021 , to shareholders of record at the close of business Jan.