2018 Financial Press Releases

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11/15/18A Gaggle Of Gifts Causes '12 Days Of Christmas' Prices To Rise, According To PNC
- PNC celebrates 35th year of tallying the cost of the gifts in the classic holiday song - Geese soar; gold lays an egg - Costs jump 1.2% after three years of stagnant growth PITTSBURGH, Nov. 15, 2018 /PRNewswire/ -- The PNC Christmas Price Index predicts True Loves will need to have more money on hand to fill the stockings on the mantle this holiday shopping season. To purchase the gifts included in the classic holiday song "The 12 Days of Christmas," it will cost 1.2 percent more th... 
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11/08/18PNC Announces $900 Million Increase To Authorized Share Repurchases
PITTSBURGH, Nov. 8, 2018 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced that it received approval from the Federal Reserve today to repurchase up to an additional $900 million in common shares through the end of the second quarter of 2019. This is in addition to the share repurchase programs of up to $2.0 billion approved by the Federal Reserve as part of PNC's 2018 capital plan, which was announced on June 28, 2018. PNC's common share repurchases may be executed t... 
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11/07/18PNC Treasury Management Pilots IDEMIA's MOTION CODE Dynamic CVV2 Technology For Commercial Card Clients
Pilot explores next step in evolution of card security aimed at decreasing card-not-present fraud and saving clients valuable time and inconvenience of card reissuance PITTSBURGH, Nov. 7, 2018 /PRNewswire/ -- PNC Bank Treasury Management, a member of The PNC Financial Services Group, Inc., today announced the pilot of Dynamic CVV2 technology for commercial card customers, working together with IDEMIA, Visa® and TSYS®. The pilot employs MOTION CODE™ technology developed by IDEMIA and based o... 
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10/30/18PNC Executives To Speak At BancAnalysts Association Of Boston Conference
PITTSBURGH, Oct. 30, 2018 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Robert Q. Reilly, chief financial officer, and Kevin McCann, senior vice president and National Retail Digital Strategy executive, will discuss business performance, strategy and banking at 8:55 a.m. (ET) Thursday, Nov. 8 at the BancAnalysts Association of Boston Conference in Boston. The following will be accessible at www.pnc.com/investorevents: a link to the live webcast; present... 
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10/12/18PNC Reports Third Quarter 2018 Net Income Of $1.4 Billion, $2.82 Diluted EPS
Average loans and deposits grew, revenue increased, net interest margin expanded PITTSBURGH, Oct. 12, 2018 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the quarter 3Q18 2Q18 3Q17 Net income   $ millions $1,400 ... 
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10/11/18PNC Releases Results Of Dodd-Frank Company-Run Stress Test
PITTSBURGH, Oct. 11, 2018 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today published the results of its company-run mid-cycle stress test under the Dodd-Frank Wall Street Reform and Consumer Protection Act. Results of the company-run mid-cycle stress test, including PNC's estimates of pre-provision net revenue, other revenue, loan and other losses, net income before taxes, and regulatory capital ratios for PNC, as well as additional information on the methodologies used... 
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10/04/18PNC Declares Dividend Of 95 Cents On Common Stock
PITTSBURGH, Oct. 4, 2018 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of 95 cents per share. The dividend will be payable Nov. 5, 2018 to shareholders of record at the close of business Oct. 17, 2018. The board also declared a cash dividend on the following series of preferred stocks: Series B: a quarterly dividend of 45 cents per share will be payable Dec. 10, 2018 to shareholders of r... 
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10/02/18Small And Mid-Size Business Owners Feel A Slight Chill In The Air
-- PNC Survey shows optimism about the economy fell slightly since spring, but remains well above fall 2017; pessimism remains at historic low (4 percent). -- Expectations for increased profits are the second-highest on record (59 percent), only outpaced in spring 2018 (64 percent). -- As labor market tightens, eight in 10 (82 percent) report already taking actions to retain or attract employees, including bonuses and flexible work arrangements. -- Outlook on proposed tariffs indicates ... 
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09/26/18PNC Changes Prime Rate
PITTSBURGH, Sept. 26, 2018 /PRNewswire/ -- PNC announced an increase in its prime lending rate. The new rate of 5.25 percent is effective tomorrow, Sept. 27, 2018. The PNC Financial Services Group, Inc. (NYSE: PNC) is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending produc... 
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09/11/18The PNC Financial Services Group Announces Third Quarter 2018 Earnings Conference Call Details
PITTSBURGH, Sept. 11, 2018 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the third quarter of 2018 at approximately 6:45 a.m. (ET), Friday, Oct. 12, 2018, as previously announced. PNC Chairman, President and Chief Executive Officer William S. Demchak and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 9:30 a.m. (ET). Dial in numbers are (877) 402-9103 and (312) 281-1206 (international)... 
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08/24/18PNC Chief Executive To Speak At Barclays Global Financial Services Conference
PITTSBURGH, Aug. 24, 2018 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chairman, President and Chief Executive Officer William S. Demchak will discuss business performance, strategy and banking in a moderated discussion format at 10:30 a.m. (ET) Wednesday, Sept. 12 at the Barclays Global Financial Services Conference in New York City. The following will be accessible at www.pnc.com/investorevents: a link to the live webcast; related materials, includ... 
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08/17/18The PNC Financial Services Group Provides Quarterly Earnings Release Dates For 2019
PITTSBURGH, Aug. 17, 2018 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that it expects to issue quarterly earnings releases pre-market open and hold conference calls at the times indicated on the following dates: Fourth Quarter 2018 – Wednesday, January 16, 2019 at 10:00 a.m. (ET) First Quarter 2019 – Friday, April 12, 2019 at 9:30 a.m. (ET)  Second Quarter 2019 – Wednesday, July 17, 2019 at 10:30 a.m. (ET)  Third Quarter 2019 – Wed... 
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07/13/18PNC Reports Second Quarter 2018 Net Income Of $1.4 Billion, $2.72 Diluted EPS
Loans and revenue grow, net interest margin increases, expenses controlled PITTSBURGH, July 13, 2018 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the quarter 2Q18 1Q18 2Q17 Net income   $ millions $1,356 $1,239 $1,097 Diluted earnings per common share $2.72 $2.43 $2.10 "PNC's second quarter resu... 
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07/05/18PNC Raises Common Stock Dividend To 95 Cents Per Share
PITTSBURGH, July 5, 2018 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of 95 cents per share, an increase of 20 cents per share, or 27 percent, from the second quarter dividend of 75 cents per share. The dividend, with a payment date of Aug. 5, 2018, will be payable the next business day to shareholders of record at the close of business July 17, 2018. "The significant increase to our dividen... 
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06/28/18PNC Receives No Objection To Its Capital Plan
PITTSBURGH, June 28, 2018 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that the Board of Governors of the Federal Reserve System accepted its capital plan and did not object to its proposed capital actions. The capital plan included a recommendation to increase the quarterly cash dividend on common stock by 20 cents per share, or 27 percent, to 95 cents per share, in the third quarter of 2018. PNC's board of directors is expected to consider this recommendat... 
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06/21/18PNC Releases Results Of Annual Dodd-Frank Company-Run Stress Test
PITTSBURGH, June 21, 2018 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today the results of its annual company-run stress test conducted in accordance with regulations of the Board of Governors of the Federal Reserve System (Federal Reserve) and the Office of the Comptroller of the Currency (OCC) under the Dodd-Frank Wall Street Reform and Consumer Protection Act. These company-run stress tests are designed to help assess whether financial institutions have suffic... 
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06/13/18PNC Changes Prime Rate
PITTSBURGH, June 13, 2018 /PRNewswire/ -- PNC announced an increase in its prime lending rate. The new rate of 5.00 percent is effective tomorrow, June 14, 2018. The PNC Financial Services Group, Inc. (NYSE: PNC) is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corpo... 
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06/06/18The PNC Financial Services Group Announces Second Quarter 2018 Earnings Conference Call Details
PITTSBURGH, June 6, 2018 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the second quarter of 2018 at approximately 6:45 a.m. (ET), Friday, July 13, 2018, as previously announced. PNC Chairman, President and Chief Executive Officer William S. Demchak and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 9:30 a.m. (ET). Dial in numbers are (877) 272-3515... 
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05/30/18PNC Executive To Speak At Morgan Stanley Investor Conference
PITTSBURGH, May 30, 2018 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chief Financial Officer Robert Q. Reilly will discuss business performance, strategy and banking in a moderated discussion format at 10:35 a.m. (ET) Wednesday, June 13 at the Morgan Stanley Financials Conference in New York City. The following will be accessible at www.pnc.com/investorevents: a link to the live webcast; related materials, including cautionary statements regarding f... 
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05/16/18PNC Chief Executive To Speak At Deutsche Bank Investor Conference
PITTSBURGH, May 16, 2018 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chairman, President and Chief Executive Officer William S. Demchak will discuss business performance, strategy and banking in a moderated discussion format at 9:55 a.m. (ET) Wednesday, May 30 at the Deutsche Bank Global Financial Services Conference in New York City. The following will be accessible at www.pnc.com/investorevents: a link to the live webcast; related materials, inclu... 
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04/13/18PNC Reports First Quarter 2018 Net Income Of $1.2 Billion, $2.43 Diluted EPS
Strong EPS, revenue, net interest margin growth year over year PITTSBURGH, April 13, 2018 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the quarter 1Q18 4Q17 1Q17 Net income   $ millions $1,239 $2,091 $1,074 Diluted earnings per common share $2.43 $4.18 $1.96 "PNC delivered another quarter of stron... 
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04/04/18PNC Declares Dividend Of 75 Cents On Common Stock
PITTSBURGH, April 4, 2018 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of 75 cents per share. The dividend, with a payment date of May 5, 2018, will be payable the next business day to shareholders of record at the close of business April 16, 2018. The board also declared a cash dividend on the following series of preferred stocks: Series B: a quarterly dividend of 45 cents per share, w... 
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04/04/18Bringing Learning To Life: Alliance To Help Pre-K Teachers Obtain Classroom Resources Enters Second Year
- Pre-K teachers submit projects on DonorsChoose.org, PNC Foundation to match donations through May 31, 2018 - More than 3,700 preschool teachers who submitted projects in 2017 will receive $100 DonorsChoose.org gift cards for future projects - An early education teacher in each PNC market will receive a $2,000 gift card to fund a project in her or his classroom and a second $2,000 gift card to help seed other pre-K projects PITTSBURGH, April 4, 2018 /PRNewswire/ -- Thousands of tiny,... 
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04/03/18Spring: Hope's Eternal For Small And Mid-Size Business Owners
- PNC Survey shows optimism running at historic highs in all categories. - Half (49 percent) of business leaders anticipating an increase in employee compensation; highest rate since fall 2007. - Six out of 10 expect demand for their company's products or services to increase. - Two-thirds expect increased profits, exceeding the prior high set in spring 2005. PITTSBURGH, April 3, 2018 /PRNewswire/ -- Optimism is running at historic highs in all categories evaluated by The PNC Finan... 
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03/21/18PNC Changes Prime Rate
PITTSBURGH, March 21, 2018 /PRNewswire/ -- PNC (NYSE: PNC) announced an increase in its prime lending rate. The new rate of 4.75 percent is effective tomorrow, March 22, 2018. The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending prod... 
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03/01/18The PNC Financial Services Group Announces First Quarter 2018 Earnings Conference Call Details
Annual Shareholders Meeting To Be Held April 24 PITTSBURGH, March 1, 2018 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the first quarter of 2018 Friday, April 13, 2018, as previously announced, at approximately 6:45 a.m. (ET).  PNC Chairman, President and Chief Executive Officer William S. Demchak and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 9:30 a.m. (ET). Separately, P... 
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02/22/18PNC Names William Parsley Chief Operating Officer
Gagan Singh to Serve as Chief Investment Officer, Randall King as Treasurer PITTSBURGH, Feb. 22, 2018 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced that E William Parsley III has been named chief operating officer effective immediately. Gagan Singh will succeed Parsley as chief investment officer and continue with his current duties and Randall C. King will succeed Parsley as treasurer and continue with his current duties. Both will continue to report to... 
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01/12/18PNC Reports Record Full Year 2017 Net Income Of $5.4 Billion, $10.36 Diluted EPS
Fourth quarter net income was $2.1 billion, $4.18 diluted EPS Revenue grew, expenses well managed, tax legislation benefit PITTSBURGH, Jan. 12, 2018 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the year For the quarter 2017 2016 4Q17 3Q17 4Q16 Net income $ millions $5,388 $3,985 $2,091 $1,126 $1,047 ... 
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01/11/18PNC Announces Redemption Of 1.500 Percent Senior Bank Notes Due February 23, 2018
PITTSBURGH, Jan. 11, 2018 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on Jan. 24, 2018 of all of the outstanding Senior Notes due Feb. 23, 2018 issued by PNC Bank, National Association in the amount of $1,000,000,000 (CUSIP 69353REJ3). The securities have a distribution rate of 1.500 percent and an original scheduled maturity date of Feb. 23, 2018. The redemption price will be equal to $1,000 per $1,000 in principal amount, plus any accrued a... 
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01/04/18PNC Appoints Linda R. Medler and Martin Pfinsgraff as New Directors
Declares Dividend of 75 Cents on Common Stock PITTSBURGH, Jan. 4, 2018 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today appointed Linda R. Medler and Martin Pfinsgraff to its board of directors, effective immediately. Linda R. Medler, Brigadier General, United States Air Force (Retired), is the president and chief executive officer of LA Medler and Associates, LLC, providing cyber strategy consulting services to commercial clients and numerous U.S. Department of ... 
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