PNC Financial Services

PNC Financial Services Group, Inc. is an American bank holding company and financial services corporation headquartered in Pittsburgh, Pennsylvania. Founded in 1845 as Pittsburgh Trust and Savings Company, PNC has evolved over nearly 180 years to become one of the nation's largest diversified financial services institutions. As of 2024, PNC ranks as the sixth-largest commercial bank in the United States, operating through its banking subsidiary PNC Bank in 27 states and the District of Columbia with 2,629 branches and over 9,500 ATMs.

The company's transformation into a national banking powerhouse accelerated dramatically with its landmark 2021 acquisition of BBVA USA for $11.6 billion, creating a coast-to-coast franchise with presence in 29 of the 30 largest U.S. markets. This strategic expansion built upon the historic 1982 merger of Pittsburgh National Corporation and Provident National Corporation, which created PNC Financial Corporation in what was then the largest bank merger in American history with $10.3 billion in assets.

PNC provides comprehensive financial services including retail banking, corporate and institutional banking, asset management, wealth management, and residential mortgage banking. The company serves diverse customer segments from individuals and families to small businesses, middle-market companies, and large corporations. With $440 billion in assets under administration as of September 2024, PNC has established itself as a leader in innovative banking solutions while maintaining its commitment to relationship-based customer service.

In 2024, PNC reported record revenue of $21.6 billion and net income of $6.0 billion, demonstrating strong financial performance despite economic headwinds. The company continues to invest in its future with plans announced in November 2024 to open over 100 new branches and renovate 200 existing locations at a cost of $1.5 billion. PNC also partnered with Coinbase in July 2024 to offer cryptocurrency trading services, reflecting its commitment to digital innovation. Most recently, in September 2024, PNC announced the acquisition of FirstBank, a Colorado-based lender with $26 billion in assets, for $4.1 billion, further strengthening its national footprint and competitive position in key growth markets.