PNC FINANCIAL SERVICES GROUP INC
For the period ended Mar 31, 2025. Filed May 2, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 2, 2025
PNC$231.30+2.6%Stored close · as of Nov 9, 2026
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Business Segment Results
Results of our reportable business segments for the three months ended March 31, 2025 and 2024 are as follows:
Table 80: Business Segment Results
| Retail Banking | Corporate & Institutional Banking | Asset Management Group | ||||
|---|---|---|---|---|---|---|
| Three months ended March 31In millions | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 |
| Net interest income | $2,826 | $2,617 | $1,628 | $1,520 | $184 | $157 |
| Noninterest income | 706 | 764 | 978 | 888 | 243 | 230 |
| Total revenue | 3,532 | 3,381 | 2,606 | 2,408 | 427 | 387 |
| Provision for (recapture of) credit losses | 168 | 118 | 49 | 47 | 1 | (5) |
| Noninterest expense | ||||||
| Personnel | 548 | 551 | 376 | 366 | 121 | 121 |
| Segment allocations (a) | 938 | 894 | 383 | 366 | 117 | 107 |
| Depreciation and amortization | 89 | 79 | 51 | 50 | 8 | 7 |
| Other (b) | 328 | 313 | 146 | 140 | 33 | 30 |
| Total noninterest expense | 1,903 | 1,837 | 956 | 922 | 279 | 265 |
| Income before income taxes and noncontrolling interests | 1,461 | 1,426 | 1,601 | 1,439 | 147 | 127 |
| Income taxes | 340 | 333 | 353 | 313 | 34 | 30 |
| Net income | 1,121 | 1,093 | 1,248 | 1,126 | 113 | 97 |
| Less: Net income attributable to noncontrolling interests | 9 | 8 | 4 | 5 | — | — |
| Net income excluding noncontrolling interests | $1,112 | $1,085 | $1,244 | $1,121 | $113 | $97 |
| Average Assets | $112,971 | $114,199 | $227,069 | $228,698 | $16,702 | $16,728 |
The PNC Financial Services Group, Inc. –Form 10-Q 87
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