PNC Bank, a subsidiary of The PNC Financial Services Group, Inc., is an American bank holding company and financial services corporation that operates in 27 states and the District of Columbia,...
PNC Bank, a subsidiary of The PNC Financial Services Group, Inc., is an American bank holding company and financial services corporation that operates in 27 states and the District of Columbia, with over 2,300 branches and 60,000 PNC and partner ATMs, and thousands of bankers, as well as telephonic, online and mobile banking channels. 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. As of December 31, 2023 the company reports assets over $562B with over $421B in deposits and approximately 56,000 employees.
PNC Financial Services Group, Inc. operates through the following segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. Founded in 1983, they are a publicly traded company (NYSE: PNC) and ranks #168 on the 2022 Fortune 500 list. In 2021 PNC acquired BBVA USA Bancshares, Inc. for $11.5 B. PNC Financial Services’ annual revenue for 2023 was $21.50B, a 1.85% increase from 2022. The company has a current market cap of $61.68B and an investment-grade credit rating of A-. They are headquartered in Pittsburgh, PA.