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 11.67 years. total yearly compensation is $19.95M, comprised of 6% salary and 94% bonuses, including company stock and options. directly owns 0.13% of the company’s shares, worth $102.92M. The average tenure of the management team and the board of directors is 8.7 years and 6.9 years respectively.
Key information
Bill Demchak
Chief executive officer
US$20.0m
Total compensation
| CEO salary percentage | 6.0% |
| CEO tenure | 11.7yrs |
| CEO ownership | 0.1% |
| Management average tenure | 8.7yrs |
| Board average tenure | 6.9yrs |
Recent management updates
Recent updates
PNC Financial: A Balanced Approach Calls For A Hold Rating
Dec 18The PNC Power Play: Strong Dividends, Smart Moves, And Room To Run
Oct 10PNC Financial: Interest Rate Cuts Could Increase Lending
Sep 09PNC Financial: Undramatic, Undervalued, And Underrated
Jun 26Increases to CEO Compensation Might Be Put On Hold For Now at The PNC Financial Services Group, Inc. (NYSE:PNC)
Apr 19
Dissecting PNC Financial: What This Super-Regional Bank Tells Us About The Economy
Apr 18PNC Financial: Nothing Spectacular But Valuation Is Modest
Feb 07One Of The Best - Why PNC Financial Is Such A Great Regional Bank
Jan 31Does PNC Financial Services Group (NYSE:PNC) Deserve A Spot On Your Watchlist?
Dec 28PNC Financial: Margin Squeeze Offset By Dividend Income Potential (Ratings Downgrade)
Dec 15PNC Financial: Fully Valued With Buybacks 2+ Years Away
Nov 13PNC Financial Will Be Back, But Needs Lower Rates First
Oct 17PNC Financial: One Of The Best Regional Banks Money Can Buy
Oct 09PNC Financial: Upgrade To Strong Buy, Near 5% Dividend Yield
Sep 14Seeking Value With PNC Financial Services Group
Sep 01Is PNC Stock A Buy Following Q2 Earnings? Deposit Resiliency Keeps Shares Attractive
Jul 19PNC Financial: Buy This 5% Yielding Blue-Chip Bargain Before Everyone Else Does
Jul 13PNC Financial: Now A Value Stock With A 4.9% Yield
Jun 23PNC Financial: An Attractive Looking Compounder
Jun 15Big Banks Have Massive Exposure: A Review Of PNC Bank
May 25PNC Financial: My, Oh My, This Is Great DGI
Jan 28PNC Financial Q4 2022 Earnings Preview
Jan 17PNC Financial scales up its environmental finance pledge by 50%
Jan 11PNC Financial declares $1.50 dividend
Jan 04PNC Financial: Banking On It
Dec 12Regional Bank Round-Up
Nov 08Bank Earnings Hit On Friday: PNC Is Cheap, Shares Dangling At Support
Oct 11The PNC Financial Services Group declares $1.50 dividend
Oct 03CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$5b |
| Jun 30 2024 | n/a | n/a | US$5b |
| 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 US market ($USD12.86M).
Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.
CEO
Bill Demchak (62 yo)
11.7yrs
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. Mr. Demcha...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 11.7yrs | US$19.95m | 0.13% $ 102.9m | |
| President and Head of Corporate & Institutional Banking | less than a year | US$8.67m | 0.050% $ 38.4m | |
| Executive VP & CFO | 11.3yrs | US$6.14m | 0.041% $ 31.5m | |
| Executive VP & COO | 6.8yrs | US$8.72m | 0.047% $ 35.9m | |
| EVP and Head of Enterprise Technology & Security | no data | US$5.91m | 0.0054% $ 4.1m | |
| General Counsel & Chief Administrative Officer | less than a year | no data | 0.0018% $ 1.4m | |
| EVP, Director of Investor Relations | no data | no data | no data | |
| Executive VP | 3.3yrs | no data | no data | |
| Chief Marketing Officer | 1.5yrs | no data | no data | |
| Executive VP & Chief Human Resources Officer | 10.5yrs | no data | 0.0094% $ 7.2m | |
| Executive VP & Corporate Banking Executive of Greater Washington D C | 19.8yrs | no data | no data | |
| Senior Vice President and Manager of Corporate Recruiting & Employee Inclusion | 15.7yrs | no data | no data |
8.7yrs
Average Tenure
55yo
Average Age
Experienced Management: PNC's management team is seasoned and experienced (8.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 11.8yrs | US$19.95m | 0.13% $ 102.9m | |
| Independent Director | 2.9yrs | US$314.91k | 0.0015% $ 1.2m | |
| Independent Director | 5.9yrs | US$373.91k | 0.00029% $ 221.8k | |
| Independent Director | 7.3yrs | US$364.91k | 0.000010% $ 7.6k | |
| Independent Director | 8.9yrs | US$356.41k | 0.00028% $ 214.2k | |
| Independent Director | 6.9yrs | US$372.91k | 0.00023% $ 175.9k | |
| Independent Director | 5.9yrs | US$303.41k | 0.00028% $ 214.2k | |
| Independent Lead Director | 11.3yrs | US$421.41k | 0.032% $ 24.8m | |
| Independent Director | 2.6yrs | US$296.91k | 0.000030% $ 22.9k | |
| Independent Director | 10.2yrs | US$409.41k | 0.000050% $ 38.2k | |
| Independent Director | 3.2yrs | US$275.91k | 0.00010% $ 76.5k | |
| Independent Director | 6.9yrs | US$303.41k | 0.000020% $ 15.3k |
6.9yrs
Average Tenure
66.5yo
Average Age
Experienced Board: PNC's board of directors are considered experienced (6.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 08:43 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
The PNC Financial Services Group, Inc. is covered by 57 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Stephen Biggar | Argus Research Company |
| Christopher Wheeler | Atlantic Equities LLP |
| David George | Baird |