PNC FINANCIAL SERVICES GROUP, INC.
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 20, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statement of Cash Flows
| In millions | 2025 | 2024 | 2023 |
|---|---|---|---|
| Operating Activities | |||
| Net income | $6,997 | $5,953 | $5,647 |
| Adjustments to reconcile net income to net cash provided (used) by operating activities | |||
| Provision for credit losses | 779 | 789 | 742 |
| Depreciation, amortization and accretion | 381 | 259 | 217 |
| Deferred income taxes (benefit) | (40) | (30) | (252) |
| Net losses on sales of securities | 9 | 500 | 2 |
| Changes in fair value of mortgage servicing rights | 492 | 154 | 298 |
| Gain on Visa shares exchange program | — | (754) | — |
| Net change in | |||
| Trading securities and other short-term investments | (3,966) | 41 | (767) |
| Loans held for sale and related securitization activity | (1,102) | (151) | 210 |
| Other assets | 1,736 | 896 | 2,312 |
| Accrued expenses and other liabilities | (1,610) | (1,373) | 507 |
| Other operating activities, net | 708 | 1,596 | 1,195 |
| Net cash provided (used) by operating activities | $4,384 | $7,880 | $10,111 |
| Investing Activities | |||
| Sales | |||
| Securities available-for-sale | $3,151 | $4,259 | $36 |
| Loans | 876 | 636 | 979 |
| Repayments/maturities | |||
| Securities available-for-sale | 6,668 | 6,622 | 6,916 |
| Securities held-to-maturity | 15,006 | 15,711 | 7,003 |
| Purchases | |||
| Securities available-for-sale | (15,425) | (30,366) | (3,805) |
| Securities held-to-maturity | (6,657) | (1,745) | (1,857) |
| Loans | (2,312) | (1,915) | (10,195) |
| Net change in federal funds sold and resale agreements | 448 | (387) | 573 |
| Other changes in loans, net | (14,736) | 5,056 | 12,440 |
| Other investing activities, net | (2,636) | (1,103) | (1,985) |
| Net cash provided (used) by investing activities | $(15,617) | $(3,232) | $10,105 |
88 The PNC Financial Services Group, Inc. –2025 Form 10-K
| (Continued from previous page) | Year ended December 31 | ||
|---|---|---|---|
| In millions | 2025 | 2024 | 2023 |
| Financing Activities | |||
| Net change in | |||
| Noninterest-bearing deposits | $(895) | $(8,660) | $(23,189) |
| Interest-bearing deposits | 15,021 | 13,964 | 8,337 |
| Federal funds purchased and repurchase agreements | 77 | (74) | 359 |
| Other borrowed funds | (377) | 431 | (549) |
| Sales/issuances | |||
| Federal Home Loan Bank advances | 4,100 | 3,000 | 6,000 |
| Senior debt | 8,030 | 9,974 | 10,464 |
| Other borrowed funds | — | — | 824 |
| Preferred stock | — | — | 1,484 |
| Common and treasury stock | 70 | 69 | 72 |
| Repayments/maturities | |||
| Federal Home Loan Bank advances | (13,100) | (19,000) | (75) |
| Senior debt | (2,750) | (4,000) | (750) |
| Subordinated debt | (1,200) | (750) | (1,500) |
| Other borrowed funds | — | — | (802) |
| Preferred stock redemption | — | (500) | (1,000) |
| Acquisition of treasury stock | (1,338) | (687) | (651) |
| Preferred stock cash dividends paid | (308) | (352) | (417) |
| Common stock cash dividends paid | (2,635) | (2,537) | (2,461) |
| Net cash provided (used) by financing activities | $4,695 | $(9,122) | $(3,854) |
| Net Increase (Decrease) In Cash, Cash Equivalents And Restricted Cash | $(6,538) | $(4,474) | $16,362 |
| Cash, cash equivalents and restricted cash at beginning of period | 46,251 | 50,725 | 34,363 |
| Cash, cash equivalents and restricted cash at end of period (a) | $39,713 | $46,251 | $50,725 |
| Supplemental Disclosures (b) | |||
| Interest paid | $11,154 | $13,052 | $9,451 |
| Leased assets obtained in exchange for new operating lease liabilities | $431 | $247 | $237 |
| Non-cash Investing And Financing Items | |||
| Transfer from loans to loans held for sale, net | $320 | $122 | $380 |
| Transfer from loans to foreclosed assets | $49 | $40 | $56 |
| Adjustment to assets and liabilities related to partially financed investment exits | $— | $— | $834 |
(a)Includes restricted cash at end of period of $954 million, $968 million and $985 million for the years ended December 31, 2025, 2024 and 2023, respectively.
(b)Disclosures of income taxes paid (net of refunds) are presented in Note 18 Income Taxes pursuant to our adoption of ASU 2023-09. Refer to Note 1 Accounting Policies for additional information related to our adoption of this ASU.
See accompanying Notes To Consolidated Financial Statements.
The PNC Financial Services Group, Inc. –2025 Form 10-K 89
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.