PNC Financial Services’ Revenue by Segment (2016-2021)

Exclusive Data

You need the Pro Plan for unlimited access.

Pro Plan

$49 per month*

60% discount ends in:

00
Days
00
Hours
00
Mins.
00
Seconds

.

Download

About

This statistic highlights PNC Financial Services’ Revenue by Segment from Q1 2016 onwards, split between Asset management, BlackRock, Corporate and Institutional Banking, Retail Banking, and others segments.
Subscribe to Pro or Enterprise plans to unlock this feature.
More information
Subscribe to Pro or Enterprise plans to unlock this feature.
Contact the Analyst
Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on reddit
Share on facebook
Share on twitter
Share on linkedin
Share on email

Become a smarter investor today.

Access Business Quant for as low as $19/month

Become a smarter investor today.

Access KPIs & Segment Financials on US stocks

This statistic highlights PNC Financial Services’ Revenue by Segment from Q1 2016 onwards, split between Asset management, BlackRock, Corporate and Institutional Banking, Retail Banking, and others segments.

PNC Financial Services’ Revenue by Segment

Revenue by Segment Q2 2020  Q1 2021 Q2 2021 Contribution in Q2 2021
Asset management $293.0 $322.0 $356.0 8%
BlackRock $0 $0 $0 0%
Corporate & Institutional Banking $1,790.0 $1,798.0 $1,950.0 42%
Retail Banking $1,975.0 $2,016.0 $2,203.0 47%
Other $30.0 $84.0 $158.0 3%
Total $4,088.0 $4,220.0 $4,667.0 100%

(all figures are in millions, except percentages)

There has been an increase in the total revenue of the company from $4,088 million in Q2 2020 to $4,667 million in Q2 2021, marking a growth of 14.16% on a year-on-year basis. Revenue grew approximately by 10.59% on a quarter-on-quarter basis, from $4,220 million in Q1 2021 to $$4,667 million in Q2 2021. Majority of the company’s revenue is earned through the retail banking and the corporate & institutional banking segments, followed by asset management and other segment. The BlackRock segment now contributes 0% to the total revenue as it was sold off in the fiscal year 2020.

Asset Management

The asset management segment offers services to high net worth clients and has two operating units, PNC Private Bank and Institutional Asset Management. PNC Private Bank offers products and services to high net worth clients such as retirement planning, investment management, estate, tax, cash management solutions, etc. Institutional Asset Management offers services relating to private real estate, cash, fixed income solutions, etc, to its institutional clients such as insurance companies, municipalities, etc.

Revenue generated from this segment increased from $293 million in Q2 2020 to $356 million in Q2 2021, approximately by 21.5% on a yearly basis. Revenue grew by 13.35% quarterly, as compared to $322 million in Q1 2021. The increase was due to the higher average equity market and acquisition of BBVA. This segment contributes 8% to the total revenue of the company.

BlackRock

The company holds equity investments in BlackRock, which is an investment management firm offering a wide range of services to institutional and retail clients. The company sold off its entire holding of BlackRock in 2020, receiving $14.2 billion. The after-tax gain on the sale of the equity was $4.3 billion.

Corporate and Institutional Banking

This segment offers services to mid-sized and large corporations, government, and non-profit organisations. These services include lending loans, treasury management and services related to the capital market.

There has been an increase in revenue from $1,790 million in Q2 2020 to $1,950 million in Q2 2021, growing by 8.94% on a year-on-year basis. Revenue grew by 8.45% quarterly, as compared to $1,798 million in Q1 2021, due to higher merger and acquisition fees and equity market advisory fees. This segment contributes 42% to the company’s total revenue.

Retail Banking

It offers products and services to consumers and small businesses. Services are offered via branch networks, ATMs, call centres, mobile applications, or via the company website. The services offered include lending, insurance, brokerage, investment management, residential mortgage, line of credit, etc. It also compromises of non-strategic assets portfolio, which consists of residential mortgage and home equity loans and lines of credit offered to consumer and commercial lending portfolios.

Revenue increased from $1975 million in Q2 2020 to $2203 million in Q2 2021, approximately by 11.54% on a year-on-year basis. Revenue grew by 9.27% on a quarter-on-quarter basis, as compared to $2,016 million in Q2 2021, due to higher usage of credit cards, an increase in merchant service fees, and a growth in brokerage fees. It contributes 47% to the company’s total revenue.

Others

This segment assists the customer to enter into derivative contracts for risk management purposes such as interest rate swaps, foreign exchange contracts, swaptions, etc. The gains and losses on such contracts are included in the company’s other income.

Revenue increased from $30 million in Q2 2020 to $158 million in Q2 2021, growing by a huge 426.67% on a year-on-year basis. Revenue increased approximately by 88.09% on a quarterly basis, as compared to $84 million in Q1 2021.

About the Company

PNC Financial Services is an American financial services corporation headquartered in Pittsburgh, U.S. It operates in 27 states and is one of the largest banks in the US by assets. The company offers services such as assets management, wealth management, brokerage services, loan servicing, etc, to retailers, small and midsize businesses, and also to ultra-rich institutions. The company is the second-largest bank in terms of the number of branches and 4th largest in the number of ATMs. The common stock of the company is publicly traded on the NYSE under the symbol “PNC” and is a component of the S&P 500 Index.

Did you like PNC Financial Services’ Revenue by Segment statistic?

Access Key Performance Indicator (KPI) data points and segment financials on US stocks, with Business Quant.

You can get started here.

Read more

Access Segment financials and KPI data on US stocks

Our Plans

Always know what you’ll pay. No hidden costs or surprises.

  • Annual
  • Monthly

Basic

Get to know us

  • Access only basic data
  • This statistic is not included The statistic that you're currently viewing, is not included in the Basic plan. Please subscribe to the Pro plan to access this statistic.
$0
per month
Start for Free

60% discount until May 22

Pro

For serious investing

  • This statistic is included Instant access to all the data and features on the Business Quant platform. This also includes access to the statistic that you're currently viewing.
  • Granular KPI data Access segment financials, non-GAAP metrics and KPI data from presentations and filings. Examples include financials by segment / region / product category, AT&T's broadband subscriber trends, Tesla's deliveries by model and lots more.
  • Stock research tools Features include : Stock screener, Stock comparison, sector financials, stock warnings, advanced charting tools, financial statements dating back 10+ years, stock reports, SEC filings and stock ratings. There are 200+ financial items and ratios on thousands of US stocks.
  • Industry data & tools Access premium operating data on 40+ industries. Examples include market share, smartphone shipments by vendor, subscribers by wireless carrier, historical gold production. There are 20,000+ such statistics.
$49
$19
per month*
Buy Now

Enterprise

For tailored workflows

  • All of Pro plan Get unfettered access to all our dashboards and dossiers.
  • Custom built features Get tailored dashboards built specially for you , based on your set of requirements, to simplify your research workflow.
$99
per month, onwards*
Contact Us

* Billed annually, local taxes extra. 

Basic

Get to know us

  • Access only basic data
  • This statistic is not included The statistic that you're currently viewing, is not included in the Basic plan. Please subscribe to the Pro plan to access this statistic.
$0
per month
Start for Free

60% discount on Annual plan

Pro

For serious investing

  • This statistic is included Instant access to all the data and features on the Business Quant platform. This also includes access to the statistic that you're currently viewing.
  • Granular KPI data Access segment financials, non-GAAP metrics and KPI data from presentations and filings. Examples include financials by segment / region / product category, AT&T's broadband subscriber trends, Tesla's deliveries by model and lots more.
  • Stock research tools Features include : Stock screener, Stock comparison, sector financials, stock warnings, advanced charting tools, financial statements dating back 10+ years, stock reports, SEC filings and stock ratings. There are 200+ financial items and ratios on thousands of US stocks.
  • Industry data & tools Access premium operating data on 40+ industries. Examples include market share, smartphone shipments by vendor, subscribers by wireless carrier, historical gold production. There are 20,000+ such statistics.
$49
per month*
Buy Now

Enterprise

For tailored workflows

  • All of Pro plan Get unfettered access to all our features.
  • Custom built features Get tailored dashboards built specially for you , based on your set of requirements, to simplify your research workflow.
$99
per month, onwards*
Contact Us

* Local taxes extra. 

BQ Star Yellow 60%

Get Pro for 60% off

  • Access all features immediately
  • Datasets updated every day
  • Export data in CSV and XLSX formats

Offer Ends In

Starting from $49 $19 / month

.