PNC Financial Services

The PNC Financial Services Group, Inc.
	The Tower at PNC Plaza, in Pittsburgh, Pennsylvania headquarters of PNC Financial Services
Company type	Public
Traded as	NYSE: PNC; S&P 500 component;
Industry	Banking; Investment banking; Financial services;
Predecessor	Pittsburgh National Corporation; Provident National Corporation
Founded	April 10, 1845; Operational: January 28, 1852
Headquarters	Tower at PNC Plaza,; Pittsburgh, Pennsylvania, U.S.
Number of locations	2,629 branches 60,000 automated teller machines (2021)
Area served	Worldwide
Key people	William S. Demchak (chairman and CEO); Michael P. Lyons (president)
Products	Consumer banking, Corporate banking, Private banking, Financial analysis, Insurance, Investment banking, Mortgage loans, Private equity, Wealth management, Credit cards
Revenue	US$21.1 billion (2022)
Operating income	US$7.9 billion (2022)
Net income	US$6.1 billion (2022)
AUM	US$325 billion (2021)
Total assets	US$557 billion (2022)
Total equity	US$55.726 billion (2021)
Number of employees	59,426 (2021)
Subsidiaries	PNC Bank
Capital ratio	10.3% Tier 1 capital (2021)
Website	pnc.com
	Footnotes / references;

The PNC Financial Services Group, Inc. is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 states and the District of Columbia, with 2,629 branches and 9,523 ATMs. PNC Bank is on the list of largest banks in the United States by assets and is one of the largest banks by number of branches, deposits, and number of ATMs.

The company also provides financial services such as asset management, wealth management, estate planning, loan servicing, and information processing. PNC is one of the largest Small Business Administration lenders and one of the largest credit card issuers. It also provides asset–based lending to private equity firms and middle market companies. PNC operates one of the largest treasury management businesses and the second largest lead arranger of asset–based loan syndications in the United States. Harris Williams & Co., a subsidiary of the company, is one of the country's largest mergers and acquisitions advisory firms for middle-market companies. Midland Loan Services, a division of PNC Real Estate based in Overland Park, Kansas and founded in 1991, is ranked by Mortgage Bankers Association as the second largest master and primary servicer of commercial bank and savings institution loans.^[2]^[1]^[3]^[4]

The name "PNC" is derived from the initials of both of the bank's two predecessor companies: Pittsburgh National Corporation and Provident National Corporation, which merged in 1983. PNC Mortgage (formerly National City Mortgage) is credited with funding the first mortgage in the United States and has offices across the country.

^ ^a ^b "The PNC Financial Services Group, Inc. 2020 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission.
^ "MBA Releases 2017 Year-End Commercial/Multifamily Servicer Rankings" (Press release). Mortgage Bankers Association. February 11, 2018. Archived from the original on April 7, 2022. Retrieved March 25, 2018.
^ "Corporate Profile" (PDF). PNC Bank.
^ "PNC Solution Centers Provide a Space to Blend Physical and Digital Banking". PNC Bank.

[10K-1] "The PNC Financial Services Group, Inc. 2020 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission.

[2] "MBA Releases 2017 Year-End Commercial/Multifamily Servicer Rankings" (Press release). Mortgage Bankers Association. February 11, 2018. Archived from the original on April 7, 2022. Retrieved March 25, 2018.

[3] "Corporate Profile" (PDF). PNC Bank.

[Solution_Centers-4] "PNC Solution Centers Provide a Space to Blend Physical and Digital Banking". PNC Bank.

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