2017 Financial Press Releases

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07/14/17PNC Reports Second Quarter 2017 Net Income of $1.1 Billion, $2.10 Diluted EPS
Loans, revenue grew; expenses well managed PITTSBURGH, July 14, 2017 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the quarter 2Q17 1Q17 2Q16 Net income   $ millions $1,097 $1,074 $989 Diluted earnings per common share $2.10 $1.9... 
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07/06/17PNC Raises Common Stock Dividend To 75 Cents Per Share
PITTSBURGH, July 6, 2017 /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, an increase of 20 cents per share, or 36 percent, from the second quarter dividend of 55 cents per share. The dividend, with a payment date of Aug. 5, 2017, will be payable the next business day to shareholders of record at the close of business July 17, 2017. "The significant increase to our dividen... 
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06/28/17PNC Receives No Objection To Its Capital Plan
PITTSBURGH, June 28, 2017 /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 36 percent, to 75 cents per share, in the third quarter of 2017. PNC's board of directors is expected to consider this recommendat... 
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06/22/17PNC Releases Results Of Annual Dodd-Frank Company-Run Stress Test
PITTSBURGH, June 22, 2017 /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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06/14/17PNC Changes Prime Rate
PITTSBURGH, June 14, 2017 /PRNewswire/ -- PNC (NYSE: PNC) announced an increase in its prime lending rate. The new rate of 4.25 percent is effective tomorrow, June 15, 2017. 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 products; specialized services for corpo... 
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05/31/17PNC Executive to Speak at Morgan Stanley Investor Conference
PITTSBURGH, May 31, 2017 /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 8:15 a.m. (ET) Wednesday, June 14 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 fo... 
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05/16/17PNC Chief Executive To Speak At Bernstein Investor Conference
PITTSBURGH, May 16, 2017 /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 2 p.m. (ET) Wednesday, May 31 at the Bernstein Strategic Decisions Conference in New York City. The following will be accessible at www.pnc.com/investorevents: a link to the live webcast; related materials, including cautiona... 
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05/15/17The PNC Financial Services Group To Report Second Quarter Earnings July 14
PITTSBURGH, May 15, 2017 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that it expects to issue financial results for the second quarter Friday, July 14, 2017.  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 877-402-9134 and 303-223-2680 (international). The following will be accessible at www.p... 
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05/04/17Small Business Owners' Confidence About U.S. Economy, Own Business Soars To Record Highs
-- PNC survey shows 88 percent - highest ever - are optimistic about U.S. economy -- 94 percent are highly optimistic about the near-term outlook for their own business -- Nearly 70 percent anticipate positive results from the possibility of tax reform PITTSBURGH, May 4, 2017 /PRNewswire/ -- Optimism among business owners about the U.S. economy and the outlook for their own businesses has reached levels never-before seen in the 15-year history of the PNC Economic Outlook, a biannual t... 
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04/13/17PNC Reports First Quarter 2017 Net Income of $1.1 Billion, $1.96 Diluted EPS
Loans, net interest income and margin grew; expenses lower PITTSBURGH, April 13, 2017 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the quarter 1Q17 4Q16 1Q16 Net income   $ millions $1,074 $1,047 $943 Diluted earnings per common share ... 
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04/05/17PNC Names Gus Faucher Chief Economist
Stuart Hoffman to Serve as Senior Economic Advisor PITTSBURGH, April 5, 2017 /PRNewswire/ -- The PNC Financial Services Group, Inc., today announced that Augustine (Gus) Faucher will assume responsibility as chief economist effective immediately. Faucher succeeds Stuart G. Hoffman, who is retiring and transitioning to a new PNC role as senior economic advisor after 37 years of service at PNC. "We are grateful for Stu's tremendous leadership and service ... 
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04/04/17PNC Declares Dividend of 55 Cents on Common Stock
PITTSBURGH, April 4, 2017 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of 55 cents per share. The dividend is payable May 5, 2017 to shareholders of record at the close of business April 17, 2017. The board also declared a cash dividend on the following series of preferred stocks: Series B: a quarterly dividend of 45 cents per share with a payment date of June 10, 2017, will be payable ... 
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03/22/17PNC Meets 30 Percent Carbon Reduction Goal Ahead Of Plan
PNC's 2016 Corporate Social Responsibility report highlights the bank's environmental performance, among other progress, policies and initiatives PITTSBURGH, March 22, 2017 /PRNewswire/ -- The PNC Financial Services Group disclosed today that it has met its 30 percent carbon reduction goal four years ahead of plan. PNC set this goal, along with an energy reduction goal, in 2009 with plans to reduce its carbon emissions and energy consumption by 30 percent by 2020. Since 2009, PNC has reduce... 
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03/15/17PNC Changes Prime Rate
PITTSBURGH, March 15, 2017 /PRNewswire/ -- PNC (NYSE: PNC) announced an increase in its prime lending rate. The new rate of 4.00 percent is effective tomorrow, March 16, 2017. 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; residential mortgage banking; specialized services for corporations and... 
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02/23/17PNC Executive To Speak At RBC Capital Markets Investor Conference
PITTSBURGH, Feb. 23, 2017 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Gagan Singh, executive vice president and chief investment officer of PNC Bank, will discuss business performance, strategy and banking at the RBC Capital Markets Financial Institutions Conference in New York City Tuesday, March 7 at 1:45 p.m. (ET). The following will be accessible on PNC's Investor Relations website (www.pnc.com/investorevents): a link to the live webcast; presen... 
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02/21/17The PNC Financial Services Group To Report First Quarter Earnings April 13
Annual Shareholders Meeting To Be Held April 25 PITTSBURGH, Feb. 21, 2017 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that it expects to issue financial results for the first quarter of 2017 Thursday, April 13, 2017. Separately, PNC will hold its Annual Meeting of Shareholders Tuesday, April 25, 2017. Details regarding these events: 2017 First Quarter Earnings Investor Conference Call: Thursday, April 13 PNC Chairman, President and Chief Executive ... 
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02/21/17PNC to Acquire ECN Capital's U.S. Commercial, Vendor Finance Business
Expands PNC's Equipment Finance Offerings, Opportunities for Growth PITTSBURGH and PHILADELPHIA, Feb. 21, 2017 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today a definitive agreement to acquire the U.S.-based commercial and vendor finance business (the "U.S. C&V business") of ECN Capital Corp., one of the leading non-bank vendor finance businesses in the United States. PNC will purchase for cash ECN Capital's U.S. C&V business which includes a $... 
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02/03/17PNC Announces Redemption Of REIT Preferred Securities
PITTSBURGH, Feb. 3, 2017 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced that it has submitted a redemption notice to the property trustee for redemption on March 15, 2017 of all of the Fixed-to-Floating Rate Non-cumulative Exchangeable Perpetual Trust Securities (CUSIP NO. 69350JAA7) of PNC Preferred Funding Trust I and of all of the Fixed-to-Floating Rate Non-cumulative Exchangeable Perpetual Trust Securities (CUSIP NO. 69350KAA4) of PNC Preferred F... 
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01/30/17PNC Announces $300 Million Increase To Planned Share Repurchases
PITTSBURGH, Jan. 30, 2017 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced a $300 million increase in its common stock share repurchase programs for the four-quarter period ending June 30, 2017. This amount is in addition to the share repurchase programs of up to $2.0 billion during this period authorized as part of PNC's 2016 capital plan under the Federal Reserve's Comprehensive Capital Analysis and Review, which included up to $200 million related to employee benef... 
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01/13/17PNC Reports Full Year 2016 Net Income Of $4.0 Billion, $7.30 Diluted EPS
Fourth quarter net income was $1.0 billion, $1.97 diluted EPS Loans, deposits, net interest income grew; expenses stable PITTSBURGH, Jan. 13, 2017 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the year 2016 2015 4Q16 3Q16 4Q15 Net income   $ millions $3,985 $4,143 $1,047 $1,00... 
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01/05/17PNC Declares Dividend of 55 Cents on Common Stock
PITTSBURGH, Jan. 5, 2017 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of 55 cents per share. The dividend, with a payment date of Feb. 5, 2017, will be payable the next business day to shareholders of record at the close of business Jan. 17, 2017. --> The board also declared a cash dividend on the following series of preferred stocks: Series B: a quarterly ... 
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01/05/17PNC Announces Redemption Of 1.125 Percent Senior Bank Notes Due Jan. 27, 2017
PITTSBURGH, Jan. 5, 2017 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on Jan. 17, 2017 of all of the outstanding Senior Notes due Jan. 27, 2017 issued by PNC Bank, National Association in the amount of $1,000,000,000 (CUSIP 69353RCG1). The securities have a distribution rate of 1.125 percent and an original scheduled maturity date of Jan. 27, 2017. The redemption price will be equal to $1,000 per $1,000 in principal amount, plus any accru... 
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