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PNC Financial Services Group

NYSE:PNC.PRQ
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PNC.PRQ
NYSE
$57B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. The last earnings update was 19 days ago. More info.


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PNC.PRQ Share Price and Events
7 Day Returns
-1%
NYSE:PNC.PRQ
-2.5%
US Banks
-0.7%
US Market
1 Year Returns
2.1%
NYSE:PNC.PRQ
-14.2%
US Banks
-0.5%
US Market
PNC.PRQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PNC Financial Services Group (PNC.PRQ) -1% 0.7% 1.7% 2.1% -0.5% 8.9%
US Banks -2.5% -6.1% -3.8% -14.2% 32.4% 36.7%
US Market -0.7% -3% 0.9% -0.5% 30.4% 37%
1 Year Return vs Industry and Market
  • PNC.PRQ outperformed the Banks industry which returned -14.2% over the past year.
  • PNC.PRQ outperformed the Market in United States of America which returned -0.5% over the past year.
Price Volatility
PNC.PRQ
Industry
5yr Volatility vs Market

Value

 Is PNC Financial Services Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of PNC Financial Services Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for PNC Financial Services Group.

NYSE:PNC.PRQ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 18 analysts.
= Stable Book Value * Return on Equity
= $110.79 * 11.1%
$12.34
Book Value of Equity per Share Weighted future Book Value estimates from 15 analysts. $110.79
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:PNC.PRQ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.565 (1 + (1- 21%) (125.6%))
1.085
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.085 * 5.96%)
9.2%

Discounted Cash Flow Calculation for NYSE:PNC.PRQ using Excess Returns Model Model

The calculations below outline how an intrinsic value for PNC Financial Services Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NYSE:PNC.PRQ Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.1% – 9.2%) * $110.79)
$2.16
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $2.16 / (9.2% - 2.73%)
$33.36
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $110.79 + $33.36
$144.14
NYSE:PNC.PRQ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NYSE:PNC.PRQ represents 0.19889x of NYSE:PNC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.19889x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 144.14 x 0.19889
$28.67
Value per share (USD) From above. $28.67
Current discount Discount to share price of $25.53
= -1 x ($25.53 - $28.67) / $28.67
11%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price PNC Financial Services Group is available for.
Intrinsic value
11%
Share price is $25.53 vs Future cash flow value of $28.67
Current Discount Checks
For PNC Financial Services Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • PNC Financial Services Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • PNC Financial Services Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for PNC Financial Services Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PNC Financial Services Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:PNC.PRQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $11.11
NYSE:PNC Share Price ** NYSE (2019-08-19) in USD $128.36
United States of America Banks Industry PE Ratio Median Figure of 598 Publicly-Listed Banks Companies 12.28x
United States of America Market PE Ratio Median Figure of 3,094 Publicly-Listed Companies 17.25x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of PNC Financial Services Group.

NYSE:PNC.PRQ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:PNC Share Price ÷ EPS (both in USD)

= 128.36 ÷ 11.11

11.55x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PNC Financial Services Group is good value based on earnings compared to the US Banks industry average.
  • PNC Financial Services Group is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does PNC Financial Services Group's expected growth come at a high price?
Raw Data
NYSE:PNC.PRQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts
-0.5%per year
United States of America Banks Industry PEG Ratio Median Figure of 274 Publicly-Listed Banks Companies 1.12x
United States of America Market PEG Ratio Median Figure of 2,126 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

NYSE:PNC.PRQ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.55x ÷ -0.5%

-24.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PNC Financial Services Group earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on PNC Financial Services Group's assets?
Raw Data
NYSE:PNC.PRQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $101.45
NYSE:PNC Share Price * NYSE (2019-08-19) in USD $128.36
United States of America Banks Industry PB Ratio Median Figure of 601 Publicly-Listed Banks Companies 1.16x
United States of America Market PB Ratio Median Figure of 5,276 Publicly-Listed Companies 1.7x
NYSE:PNC.PRQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:PNC Share Price ÷ Book Value per Share (both in USD)

= 128.36 ÷ 101.45

1.27x

* Primary Listing of PNC Financial Services Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PNC Financial Services Group is overvalued based on assets compared to the US Banks industry average.
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Value checks
We assess PNC Financial Services Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. PNC Financial Services Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is PNC Financial Services Group expected to perform in the next 1 to 3 years based on estimates from 18 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-0.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PNC Financial Services Group expected to grow at an attractive rate?
  • PNC Financial Services Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • PNC Financial Services Group's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • PNC Financial Services Group's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:PNC.PRQ Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:PNC.PRQ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts -0.5%
NYSE:PNC.PRQ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts 2.4%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 1.5%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:PNC.PRQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:PNC.PRQ Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 4,822
2020-12-31 17,900 5,111 11
2019-12-31 17,577 5,087 11
NYSE:PNC.PRQ Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 16,817 6,945 5,089
2019-03-31 16,802 6,319 5,072
2018-12-31 16,724 7,840 5,040
2018-09-30 16,667 6,687 5,779
2018-06-30 16,393 7,898 5,505
2018-03-31 16,111 6,911 5,246
2017-12-31 15,888 5,579 5,053
2017-09-30 15,560 6,055 4,013
2017-06-30 15,307 5,094 3,885
2017-03-31 15,012 4,949 3,776
2016-12-31 14,729 3,500 3,662
2016-09-30 14,701 4,187 3,637

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PNC Financial Services Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • PNC Financial Services Group's revenue is expected to grow by 2.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:PNC.PRQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below

All data from PNC Financial Services Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:PNC.PRQ Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 12.58 13.24 11.93 6.00
2020-12-31 11.99 12.52 11.62 23.00
2019-12-31 11.29 11.45 11.15 23.00
NYSE:PNC.PRQ Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 11.11
2019-03-31 10.97
2018-12-31 10.79
2018-09-30 12.28
2018-06-30 11.63
2018-03-31 10.99
2017-12-31 10.51
2017-09-30 8.29
2017-06-30 7.97
2017-03-31 7.70
2016-12-31 7.41
2016-09-30 7.29

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • PNC Financial Services Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess PNC Financial Services Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
PNC Financial Services Group has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has PNC Financial Services Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare PNC Financial Services Group's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • PNC Financial Services Group's year on year earnings growth rate has been positive over the past 5 years.
  • PNC Financial Services Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • PNC Financial Services Group's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.
Earnings and Revenue History
PNC Financial Services Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from PNC Financial Services Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:PNC.PRQ Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 16,817.00 5,089.00 7,787.00
2019-03-31 16,802.00 5,072.00 7,744.00
2018-12-31 16,724.00 5,040.00 7,677.00
2018-09-30 16,667.00 5,779.00 7,737.00
2018-06-30 16,393.00 5,505.00 7,649.00
2018-03-31 16,111.00 5,246.00 7,560.00
2017-12-31 15,888.00 5,053.00 7,445.00
2017-09-30 15,560.00 4,013.00 7,177.00
2017-06-30 15,307.00 3,885.00 7,138.00
2017-03-31 15,012.00 3,776.00 7,054.00
2016-12-31 14,729.00 3,662.00 6,955.00
2016-09-30 14,701.00 3,637.00 6,929.00
2016-06-30 14,653.00 3,711.00 6,879.00
2016-03-31 14,806.00 3,786.00 6,844.00
2015-12-31 14,970.00 3,864.00 6,847.00
2015-09-30 15,086.00 3,900.00 6,773.00
2015-06-30 15,178.00 3,872.00 6,726.00
2015-03-31 15,096.00 3,878.00 6,662.00
2014-12-31 15,102.00 3,936.00 6,556.00
2014-09-30 15,167.00 3,956.00 6,550.00
2014-06-30 15,164.00 3,944.00 6,523.00
2014-03-31 15,344.00 3,999.00 6,528.00
2013-12-31 15,369.00 3,934.00 6,585.00
2013-09-30 15,168.00 3,588.00 6,610.00
2013-06-30 15,229.00 3,508.00 6,604.00
2013-03-31 14,678.00 2,980.00 6,522.00
2012-12-31 14,549.00 2,806.00 6,458.00
2012-09-30 14,275.00 2,607.00 6,253.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • PNC Financial Services Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • PNC Financial Services Group used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if PNC Financial Services Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess PNC Financial Services Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
PNC Financial Services Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is PNC Financial Services Group's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of PNC Financial Services Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from PNC Financial Services Group Company Filings, last reported 1 month ago.

NYSE:PNC.PRQ Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 49,381.00 69,629.00 10,467.00
2019-03-31 48,575.00 60,444.00 10,239.00
2018-12-31 47,770.00 58,482.00 10,969.00
2018-09-30 47,102.00 59,459.00 10,010.00
2018-06-30 46,975.00 60,640.00 9,927.00
2018-03-31 47,035.00 59,538.00 8,440.00
2017-12-31 47,585.00 60,127.00 9,643.00
2017-09-30 46,452.00 58,108.00 9,142.00
2017-06-30 46,185.00 57,010.00 9,918.00
2017-03-31 45,903.00 55,679.00 9,305.00
2016-12-31 46,854.00 53,601.00 9,618.00
2016-09-30 46,845.00 52,052.00 10,833.00
2016-06-30 46,699.00 55,154.00 11,104.00
2016-03-31 46,328.00 54,696.00 9,856.00
2015-12-31 45,980.00 55,172.00 6,447.00
2015-09-30 46,278.00 58,533.00 11,313.00
2015-06-30 45,912.00 59,667.00 11,643.00
2015-03-31 46,438.00 58,699.00 11,952.00
2014-12-31 46,074.00 58,151.00 11,531.00
2014-09-30 45,995.00 53,334.00 10,756.00
2014-06-30 45,793.00 50,053.00 11,065.00
2014-03-31 44,918.00 47,626.00 10,304.00
2013-12-31 44,037.00 47,009.00 11,232.00
2013-09-30 42,820.00 41,137.00 17,412.00
2013-06-30 41,941.00 40,929.00 13,814.00
2013-03-31 42,078.00 38,347.00 16,761.00
2012-12-31 41,765.00 41,496.00 11,693.00
2012-09-30 41,802.00 43,762.00 13,768.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • PNC Financial Services Group has an acceptable proportion of non-loan assets held.
  • PNC Financial Services Group's liabilities are made up of primarily low risk sources of funding.
  • Loans at PNC Financial Services Group are broadly funded by customer deposits.
  • PNC Financial Services Group's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • PNC Financial Services Group has a sufficient allowance for bad loans.
  • PNC Financial Services Group has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess PNC Financial Services Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. PNC Financial Services Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is PNC Financial Services Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.58%
Current annual income from PNC Financial Services Group dividends. Estimated to be 3.57% next year.
If you bought $2,000 of PNC Financial Services Group shares you are expected to receive $72 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • PNC Financial Services Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • PNC Financial Services Group's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:PNC.PRQ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 481 Stocks 3.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2010 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:PNC.PRQ Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 5.00 8.00
2020-12-31 4.81 22.00
2019-12-31 4.20 22.00
NYSE:PNC.PRQ Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-07-09 4.600 3.377
2019-04-04 3.800 2.855
2019-01-03 3.800 3.063
2018-10-04 3.800 3.007
2018-07-05 3.800 2.675
2018-04-04 3.000 2.067
2018-01-04 3.000 1.932
2017-10-03 3.000 2.168
2017-07-06 3.000 2.334
2017-04-04 2.200 1.821
2017-01-05 2.200 1.798
2016-10-04 2.200 2.120
2016-07-07 2.200 2.554
2016-04-04 2.040 2.387
2016-01-07 2.040 2.408
2015-10-01 2.040 2.200
2015-07-02 2.040 2.177
2015-04-02 2.040 2.156
2015-01-02 1.920 2.129
2014-10-02 1.920 2.217
2014-07-03 1.920 2.263
2014-04-03 1.920 2.247
2014-01-02 1.760 2.152
2013-10-03 1.760 2.345
2013-07-03 1.760 2.361
2013-04-04 1.760 2.531
2013-01-03 1.600 2.527
2012-10-04 1.600 2.762
2012-07-05 1.600 2.586
2012-04-05 1.600 2.583
2012-01-05 1.400 2.299
2011-10-06 1.400 2.615
2011-07-07 1.400 2.793
2011-04-07 1.400 2.302
2011-01-06 0.400 0.643
2010-10-07 0.400 0.708
2010-07-01 0.400 0.718
2010-04-01 0.400 0.635
2010-01-07 0.400 0.721
2009-10-01 0.400 0.777
2009-07-02 0.400 0.987
2009-04-02 0.400 0.989
2009-01-08 2.640 9.024
2008-10-02 2.640 4.847

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of PNC Financial Services Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess PNC Financial Services Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can PNC Financial Services Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PNC Financial Services Group has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of PNC Financial Services Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bill Demchak
COMPENSATION $15,676,294
AGE 57
TENURE AS CEO 6.3 years
CEO Bio

Mr. William S. Demchak, also known as Bill, has been the President of The PNC Financial Services Group, Inc., since April 2012 and has been its Chief Executive Officer since April 2013 and its Chairman of the Board since April 22, 2014. Mr. Demchak served as Chief Financial Officer of The PNC Financial Services Group, Inc. since September 2002 and its Senior Vice Chairman since February 2009. He served as Vice Chairman and Head of Institutional Bank of The PNC Financial Services Group, Inc. since September 2002 and July 2005 respectively. He held a number of supervisory positions at the PNC. Mr. Demchak joined the PNC in 2002. Previously, he served as the Global Head of Structured Finance and Credit Portfolio at J.P. Morgan Chase & Co. and additionally held key leadership roles at J.P. Morgan prior to its merger with Chase Manhattan Corporation in 2000. Mr. Demchak has substantial expertise in financial services, risk management and corporate governance to bear as a member of the Board. He has been a Director of The PNC Financial Services Group, Inc., since February 2013. Mr. Demchak has been a Non-Independent Director of BlackRock, Inc. since 2003. He served as a Director of Hilliard Lyons Research Advisors - Investment Advisor of The RBB Fund, Inc. - Senbanc Fund. He served as a Director of BlackRock World Mining Trust plc. He is also a member of the board of directors and serves on the Regulatory Management Committee of The Financial Services Roundtable as well as the Supervisory Board of The Clearing House. In addition, he serves on the boards of directors of the Allegheny Conference on Community Development, Extra Mile Education Foundation, Pittsburgh Cultural Trust and the YMCA of Pittsburgh. He holds a Bachelor of Science degree from Allegheny College and earned an M.B.A. with an emphasis in Accounting from the University of Michigan.

CEO Compensation
  • Bill's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Bill's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the PNC Financial Services Group management team in years:

4.6
Average Tenure
54
Average Age
  • The tenure for the PNC Financial Services Group management team is about average.
Management Team

Bill Demchak

TITLE
Chairman
COMPENSATION
$16M
AGE
57
TENURE
6.3 yrs

Rob Reilly

TITLE
Executive VP & CFO
COMPENSATION
$5M
AGE
54
TENURE
6 yrs

Bill Parsley

TITLE
Executive VP & COO
COMPENSATION
$9M
AGE
53
TENURE
1.5 yrs

Mike Lyons

TITLE
Executive VP
COMPENSATION
$9M
AGE
48
TENURE
7.8 yrs

Joseph Rockey

TITLE
Executive VP & Chief Risk Officer
COMPENSATION
$4M
AGE
54
TENURE
4.6 yrs

Gagan Singh

TITLE
Chief Investment Officer
TENURE
1.5 yrs

Steve Van Wyk

TITLE
Executive VP and Head of Technology & Innovation
COMPENSATION
$4M
AGE
60
TENURE
2.3 yrs

Greg Jordan

TITLE
Executive VP
AGE
59
TENURE
3.5 yrs

Bryan Gill

TITLE
EVP, Director of Investor Relations

Vicki Henn

TITLE
Executive VP & Chief Human Resources Officer
AGE
50
TENURE
5.2 yrs
Board of Directors Tenure

Average tenure and age of the PNC Financial Services Group board of directors in years:

3.6
Average Tenure
63
Average Age
  • The tenure for the PNC Financial Services Group board of directors is about average.
Board of Directors

Bill Demchak

TITLE
Chairman
COMPENSATION
$16M
AGE
57
TENURE
5.3 yrs

Richard Kelson

TITLE
Director
COMPENSATION
$399K
AGE
72
TENURE
17.6 yrs

Charles Bunch

TITLE
Director
COMPENSATION
$350K
AGE
69
TENURE
12.3 yrs

Andrew Feldstein

TITLE
Lead Director
COMPENSATION
$339K
AGE
54
TENURE
0.3 yrs

Marjorie Cheshire

TITLE
Director
COMPENSATION
$322K
AGE
50
TENURE
4.8 yrs

Dan Hesse

TITLE
Director
COMPENSATION
$297K
AGE
65
TENURE
3.6 yrs

Michael Ward

TITLE
Director
COMPENSATION
$265K
AGE
69
TENURE
3.6 yrs

Deb Cafaro

TITLE
Director
COMPENSATION
$263K
AGE
61
TENURE
2 yrs

Linda Medler

TITLE
Director
COMPENSATION
$261K
AGE
62
TENURE
1.6 yrs

Martin Pfinsgraff

TITLE
Director
COMPENSATION
$285K
AGE
64
TENURE
1.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess PNC Financial Services Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. PNC Financial Services Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. The Retail Banking segment offers deposit, lending, brokerage, insurance, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels. The Corporate & Institutional Banking segment provides secured and unsecured loans, letters of credit, and equipment leases; and cash and investment management, receivables management, disbursement, fund transfer, information reporting, and global trade services, as well as foreign exchange, derivative, security underwriting, loan syndication, merger and acquisition advisory, and equity capital market advisory related services for corporations, government, and not-for-profit entities. This segment also offers commercial loan servicing and technology solutions for the commercial real estate finance industry. The Asset Management Group segment provides investment and retirement planning, customized investment management, private banking, tailored credit, and trust management and administration solutions; and multi-generational family planning products, such as estate, financial, tax planning, fiduciary, investment management and consulting, private banking, personal administrative, asset custody, and customized performance reporting services. This segment also provides chief investment officer, custody, private real estate, cash and fixed income client solutions, and retirement administration services; and mutual funds and investment strategies. The BlackRock segment offers single- and multi-asset class portfolios; and investment and risk management services technology platform. As of December 31, 2018, it operated 2,372 branches and 9,162 ATMs. The PNC Financial Services Group, Inc. was founded in 1852 and is headquartered in Pittsburgh, Pennsylvania.

Details
Name: The PNC Financial Services Group, Inc.
PNC.PRQ
Exchange: NYSE
Founded: 1852
$57,153,176,197
445,256,904
Website: http://www.pnc.com
Address: The PNC Financial Services Group, Inc.
The Tower at PNC Plaza,
300 Fifth Avenue,
Pittsburgh,
Pennsylvania, 15222,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE PNC Common Stock New York Stock Exchange US USD 02. Jan 1969
DB PNP Common Stock Deutsche Boerse AG DE EUR 02. Jan 1969
LSE 0KEF Common Stock London Stock Exchange GB USD 02. Jan 1969
WBAG PNCF Common Stock Wiener Boerse AG AT EUR 02. Jan 1969
BMV PNC * Common Stock Bolsa Mexicana de Valores MX MXN 02. Jan 1969
NYSE PNC.PRQ DEP REPSTG 1/400 New York Stock Exchange US USD 17. Sep 2012
DB A1GT09 PERP SR -O NT Deutsche Boerse AG DE USD 25. Jul 2011
DB A188NK 5%-FRN T1 PERP USD 'S' Deutsche Boerse AG DE USD 28. Oct 2016
BOVESPA PNCS34 BDR EACH 1 REP 0.5 COM USD5 Bolsa de Valores de Sao Paulo BR BRL 17. May 2019
Number of employees
Current staff
Staff numbers
51,996
PNC Financial Services Group employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/20 00:22
End of day share price update: 2019/08/19 00:00
Last estimates confirmation: 2019/08/16
Last earnings filing: 2019/08/01
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.