PNC Financial Services Group Management

Management criteria checks 3/4

PNC Financial Services Group's CEO is Bill Demchak, appointed in Apr 2013, has a tenure of 11.17 years. total yearly compensation is $19.95M, comprised of 6% salary and 94% bonuses, including company stock and options. directly owns 0.14% of the company’s shares, worth €83.32M. The average tenure of the management team and the board of directors is 8 years and 6.3 years respectively.

Key information

Bill Demchak

Chief executive officer

US$20.0m

Total compensation

CEO salary percentage	6.0%
CEO tenure	11yrs
CEO ownership	0.1%
Management average tenure	8yrs
Board average tenure	6.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bill Demchak's remuneration changed compared to PNC Financial Services Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$5b
Dec 31 2023	US$20m	US$1m	US$5b
Sep 30 2023	n/a	n/a	US$6b
Jun 30 2023	n/a	n/a	US$6b
Mar 31 2023	n/a	n/a	US$6b
Dec 31 2022	US$19m	US$1m	US$6b
Sep 30 2022	n/a	n/a	US$6b
Jun 30 2022	n/a	n/a	US$5b
Mar 31 2022	n/a	n/a	US$5b
Dec 31 2021	US$18m	US$1m	US$5b
Sep 30 2021	n/a	n/a	US$6b
Jun 30 2021	n/a	n/a	US$6b
Mar 31 2021	n/a	n/a	US$4b
Dec 31 2020	US$16m	US$1m	US$3b
Sep 30 2020	n/a	n/a	US$2b
Jun 30 2020	n/a	n/a	US$2b
Mar 31 2020	n/a	n/a	US$4b
Dec 31 2019	US$17m	US$1m	US$4b
Sep 30 2019	n/a	n/a	US$4b
Jun 30 2019	n/a	n/a	US$5b
Mar 31 2019	n/a	n/a	US$5b
Dec 31 2018	US$16m	US$1m	US$4b
Sep 30 2018	n/a	n/a	US$6b
Jun 30 2018	n/a	n/a	US$6b
Mar 31 2018	n/a	n/a	US$5b
Dec 31 2017	US$14m	US$1m	US$5b

Compensation vs Market: Bill's total compensation ($USD19.95M) is above average for companies of similar size in the Austrian market ($USD4.43M).

Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.

CEO

Bill Demchak (61 yo)

11yrs

Tenure

US$19,950,306

Compensation

Mr. William S. Demchak, also known as Bill, is the Chairman of the Board and Chief Executive Officer of The PNC Financial Services Group, Inc. & served as it's President until February 20, 2024. He joined...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
William Demchak	Chairman & CEO	11yrs	US$19.95m	0.14% $ 83.3m
Michael Lyons	President and Head of Corporate & Institutional Banking	less than a year	US$8.67m	0.053% $ 30.6m
Robert Reilly	Executive VP & CFO	10.7yrs	US$6.14m	0.041% $ 23.8m
E. Parsley	Executive VP & COO	6.2yrs	US$8.72m	0.047% $ 27.1m
Deborah Guild	EVP and Head of Enterprise Technology & Security	no data	US$5.91m	0.0054% $ 3.1m
Ganesh Krishnan	Executive VP & Enterprise Chief Information Officer	3.4yrs	no data	0.0023% $ 1.3m
Gregory Jordan	Executive VP	10.5yrs	US$4.16m	0.021% $ 12.4m
Bryan Gill	EVP, Director of Investor Relations	no data	no data	no data
Amanda Rosseter	Chief Communications Officer	2.6yrs	no data	no data
Jenn Garbach	Chief Marketing Officer	less than a year	no data	no data
Vicki Henn	Executive VP & Chief Human Resources Officer	9.8yrs	no data	0.0094% $ 5.4m
Michael Hannon	Executive VP & Chief Credit Officer	22.4yrs	no data	0.012% $ 7.2m

8.0yrs

Average Tenure

57yo

Average Age

Experienced Management: PNCF's management team is seasoned and experienced (8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
William Demchak	Chairman & CEO	11.2yrs	US$19.95m	0.14% $ 83.3m
Robert Niblock	Independent Director	2.3yrs	US$314.91k	0.0015% $ 880.9k
Richard Harshman	Independent Director	5.3yrs	US$373.91k	0.00029% $ 168.1k
Debra Cafaro	Independent Director	6.7yrs	US$364.91k	0.000010% $ 5.8k
Daniel Hesse	Independent Director	8.3yrs	US$356.41k	0.00028% $ 162.3k
Martin Pfinsgraff	Independent Director	6.3yrs	US$372.91k	0.00039% $ 226.0k
Joseph Alvarado	Independent Director	5.3yrs	US$303.41k	0.00028% $ 162.3k
Andrew Feldstein	Independent Lead Director	10.7yrs	US$421.41k	0.040% $ 23.1m
Renu Khator	Independent Director	1.9yrs	US$296.91k	0.000030% $ 17.4k
Marjorie Cheshire	Independent Director	9.5yrs	US$409.41k	0.000050% $ 29.0k
Bryan Salesky	Independent Director	2.5yrs	US$275.91k	0.00010% $ 58.0k
Linda Medler	Independent Director	6.3yrs	US$303.41k	0.000020% $ 11.6k

6.3yrs

Average Tenure

65.5yo

Average Age

Experienced Board: PNCF's board of directors are considered experienced (6.3 years average tenure).

PNC Financial Services Group Management

Management criteria checks 3/4

Key information

Recent management updates

PNC Bank Announces Executive Changes

The PNC Financial Services Group, Inc., Annual General Meeting, Apr 24, 2024

The PNC Financial Services Group and PNC Bank, National Association Appoint Michael P. Lyons as President

PNC Bank Appoints Kelly Mcqueen as Twin Cities Regional President

PNC Promotes Zachary Bullock to Senior Vice President and Market Leader for Commercial Banking in Central Pennsylvania

The PNC Financial Services Group, Inc. Appoints Monica L. Burch as Community Development Banking Executive for Southeast

Recent updates

First quarter 2024 earnings released: EPS: US$3.10 (vs US$3.99 in 1Q 2023)

Fourth quarter dividend of US$1.55 announced

The PNC Financial Services Group, Inc. Declares Quarterly Cash Dividend, Payable on May 5, 2024

PNC Bank Announces Executive Changes

The PNC Financial Services Group, Inc., Annual General Meeting, Apr 24, 2024

Full year 2023 earnings released: EPS: US$12.78 (vs US$13.85 in FY 2022)

The PNC Financial Services Group and PNC Bank, National Association Appoint Michael P. Lyons as President

the Pnc Financial Services Group, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2024

Full year 2023 earnings released: EPS: US$12.80 (vs US$13.85 in FY 2022)

PNC Bank Appoints Kelly Mcqueen as Twin Cities Regional President

Third quarter 2023 earnings released: EPS: US$3.60 (vs US$3.78 in 3Q 2022)

Pnc Declares Quarterly Cash Dividend on the Common Stock, Payable Nov. 5, 2023

New major risk - Revenue and earnings growth

PNC Promotes Zachary Bullock to Senior Vice President and Market Leader for Commercial Banking in Central Pennsylvania

The PNC Financial Services Group, Inc. Appoints Monica L. Burch as Community Development Banking Executive for Southeast

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: US$3.38 (vs US$3.39 in 2Q 2022)

New major risk - Revenue and earnings growth

The PNC Financial Services Group, Inc. Announces Quarterly Cash Dividend, Payable on August 5, 2023

The PNC Financial Services Group, Inc. to Report Q2, 2024 Results on Jul 16, 2024

The PNC Financial Services Group, Inc. Names Jenn Garbach as its Chief Marketing Officer

the Pnc Financial Services Group, Inc. Announces Toni Townes-Whitley Resigns from the Board of Directors, Effective June 30, 2023

Independent Director recently bought €113k worth of stock

First quarter 2023 earnings released: EPS: US$4.01 (vs US$3.23 in 1Q 2022)

Chairman recently bought €121k worth of stock

Chairman recently bought €927k worth of stock

Full year 2022 earnings released: EPS: US$13.92 (vs US$12.70 in FY 2021)

The PNC Financial Services Group, Inc. Provides Net Charge-Offs Guidance for the First Quarter of Fiscal Year 2023

The PNC Financial Services Group, Inc. Declares Quarterly Dividend, Payable on Feb. 5, 2023

Executive VP recently sold €438k worth of stock

Third quarter 2022 earnings released: EPS: US$3.78 (vs US$3.31 in 3Q 2021)

The PNC Financial Services Group, Inc. Provides Net Charge-Offs Guidance for the Fourth Quarter of 2022

Upcoming dividend of US$1.50 per share

The PNC Financial Services Group, Inc. Declares Quarterly Cash Dividend, Payable November 5, 2022

The PNC Financial Services Group, Inc. (NYSE:PNC) acquired Linga POS, LLC.

Insider recently sold €584k worth of stock

PNC Financial Services Group Appoints Megan Schoettmer as Regional President for Northern California

PNC Financial Services Group Announces Executive Changes

PNC Announces Executive Changes, Appoints New Market President

Second quarter 2022 earnings released: EPS: US$3.40 (vs US$2.43 in 2Q 2021)

The PNC Financial Services Group, Inc. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2022

The PNC Financial Services Group, Inc. Declares Quarterly Cash Dividend, Payable on August 5, 2022

The PNC Financial Services Group, Inc. Announces Executive Changes

The PNC Financial Services Group, Inc. Announces Retirement of Karen Larrimer as Head of Retail Banking and Chief Customer Officer

The PNC Financial Services Group, Inc. to Report Q4, 2023 Results on Jan 16, 2024

Executive VP recently sold €203k worth of stock

First quarter 2022 earnings released: EPS: US$3.23 (vs US$4.11 in 1Q 2021)

First quarter 2022 earnings released: EPS: US$3.23 (vs US$4.11 in 1Q 2021)

the Pnc Financial Services Group, Inc. Declares Quarterly Dividend, Payable May 5, 2022

Insider recently sold €914k worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Executive VP & Chief Credit Officer recently sold €550k worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Insider recently sold €881k worth of stock

Executive VP & Chief Credit Officer recently sold €559k worth of stock

Third quarter 2021 earnings released: EPS US$3.31 (vs US$3.40 in 3Q 2020)

Executive VP & Chief Credit Officer recently sold €656k worth of stock

Second quarter 2021 earnings released: EPS US$2.43 (vs US$1.93 loss in 2Q 2020)

The PNC Financial Services Group, Inc. Provides Net Charge-Offs for the Third Quarter of 2021

Upcoming dividend of US$1.25 per share

The PNC Financial Services Group, Inc. (NYSE:PNC) completed the acquisition of BBVA USA Bancshares, Inc., from Banco Bilbao Vizcaya Argentaria, S.A. (BME:BBVA).

First quarter 2021 earnings released: EPS US$4.11 (vs US$1.59 in 1Q 2020)

First quarter 2021 earnings released: EPS US$4.11 (vs US$1.59 in 1Q 2020)

The PNC Financial Services Group, Inc. Reports Net Charge-Offs for the First Quarter Ended March 31, 2021

Upcoming dividend of US$1.15 per share

The PNC Financial Services Group, Inc., Annual General Meeting, Apr 27, 2021

Pnc Asset Management Group Announces Management Changes

Full year 2020 earnings released: EPS US$6.31 (vs US$11.43 in FY 2019)

Executive VP recently sold €514k worth of stock