2017 Financial Press Releases

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11/21/17PNC Chief Executive To Speak At Goldman Sachs Investor Conference
PITTSBURGH, Nov. 21, 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 11:10 a.m. (ET) Tuesday, Dec. 5 at the Goldman Sachs US 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, including... 
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11/15/17Holiday Cheer: '12 Days of Christmas' Gifts Rise Just 0.6 Percent In Price, According To PNC
-- PNC celebrates 34th year of tallying the cost of the gifts in the classic holiday song -- Pear tree, gold, Lords leap; nine gift prices remain flat -- Costs trail Consumer Price Index for second straight year PITTSBURGH, Nov. 15, 2017 /PRNewswire/ -- The PNC Christmas Price Index predicts True Loves will be on their merry way to a more robust and satisfying holiday shopping season this year. To purchase the gifts included in the classic holiday song "The 12 Days of Christmas," it w... 
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11/14/17The PNC Financial Services Group To Report Fourth Quarter And Full Year Earnings January 12
- Provides quarterly earnings release dates in 2018 - PITTSBURGH, Nov. 14, 2017 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that it expects to issue financial results for the fourth quarter and full year 2017 Friday, Jan. 12, 2018.  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 877-402-9... 
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11/09/17PNC Survey Reveals Emotions Influence Planning, Life Goals, Retirement
Retirement Savers Reinforce Importance of Setting Goals and Monitoring Investments - 72 percent of "Successful Savers" confident in achieving life goals - 56 percent of workers want to spend more time with family in retirement - 3 of 4 savers actively set life goals and regularly monitor retirement plans PITTSBURGH, Nov. 9, 2017 /PRNewswire/ -- A new survey from The PNC Financial Services Group, Inc. (NYSE: PNC) revealed that a substantial number of those considered to be "successf... 
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10/19/17PNC Executives To Speak At BancAnalysts Association Of Boston Conference
PITTSBURGH, Oct. 19, 2017 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Robert Q. Reilly, chief financial officer, and Karen Larrimer, head of Retail Banking and chief customer officer, will discuss business performance, strategy and banking at 8:55 a.m. (ET) Thursday, Nov. 2 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; presentation slides in... 
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10/13/17PNC Reports Third Quarter 2017 Net Income of $1.1 Billion, $2.16 Diluted EPS
Loans, deposits, revenue increase; expenses well controlled PITTSBURGH, Oct. 13, 2017 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the quarter 3Q17 2Q17 3Q16 Net income   $ millions $1,126 $1,097 $1,006 Diluted earnings per common share $2.16 $2.10 $1.84 "PNC continued to win new cli... 
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10/11/17PNC Releases Results of Dodd-Frank Company-Run Stress Test
PITTSBURGH, Oct. 11, 2017 /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. The information is available in the Investor Relations section of PNC's corporate website at www.pnc.com/regulatorydisclosures. The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the United States, organized ... 
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10/04/17Small And Mid-Size Business Leaders Curb Their Enthusiasm Somewhat, But Remain Optimistic About U.S. Economy
- PNC Survey shows optimism has shifted significantly to a more moderate level since the spring. - More than half anticipate increases in sales and profits. - One in three say it's harder to hire qualified employees than it was six months to a year ago; leading cause - inadequate skills and experience. - Majority do not plan to increase employee wages, citing current compensation not affecting hiring or retention. PITTSBURGH, Oct. 4, 2017 /PRNewswire/ -- Optimism among business own... 
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10/03/17PNC Declares Dividend Of 75 Cents On Common Stock
PITTSBURGH, Oct. 3, 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. The dividend, with a payment date of Nov. 5, 2017, will be payable the next business day to shareholders of record at the close of business Oct. 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 wit... 
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09/13/17PNC Foundation Contributes $500K To Hurricane Relief Efforts
PNC BANK PROVIDES FEE WAIVER ASSISTANCE PITTSBURGH, Sept. 13, 2017 /PRNewswire/ -- The PNC Foundation and PNC Bank today announced actions taken to help those impacted by Hurricane Irma. The PNC Foundation will donate $500,000 for disaster relief efforts to be allocated as follows:     A $250,000 grant to the American Red Cross to be used for disaster relief efforts related to Hurricane Irma. A pool of $250,000 in funding to be allocated after the need in the impacted commu... 
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09/07/17PNC Announces Redemption Of 1.500 Percent Senior Bank Notes Due October 18, 2017
PITTSBURGH, Sept. 7, 2017 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on Sept. 18, 2017 of all of the outstanding Senior Notes due Oct. 18, 2017 issued by PNC Bank, National Association in the amount of $500,000,000 (CUSIP 69353RDY1). The securities have a distribution rate of 1.500 percent and an original scheduled maturity date of Oct. 18, 2017. The redemption price will be equal to $1,000 per $1,000 in principal amount, plus any accrued an... 
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08/29/17PNC Executive to Speak at Barclays Global Financial Services Conference
PITTSBURGH, Aug. 29, 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 at 9:45 a.m. (ET) Wednesday, Sept. 13 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; presentation slides included as part of the webcast; handou... 
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08/22/17The PNC Financial Services Group to Report Third Quarter Earnings October 13
PITTSBURGH, Aug. 22, 2017 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that it expects to issue financial results for the third quarter Friday, Oct. 13, 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 800-616-4707 and 303-223-4361 (international). The following will be accessible at www.p... 
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08/10/17PNC Appoints Debra A. Cafaro To Board Of Directors
PITTSBURGH, Aug. 10, 2017 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today appointed Debra A. Cafaro to its board of directors, effective immediately. Cafaro is the chairman of the board and chief executive officer of Ventas, Inc. (NYSE: VTR), an S&P 500 company that is a leading owner of seniors housing, healthcare and research properties. "Ms. Cafaro brings extensive corporate leadership, knowledge and experience to PNC," said W... 
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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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