PNC Financial Services Group Inc (PNC) - Net Assets
Based on the latest financial reports, PNC Financial Services Group Inc (PNC) has net assets worth $60.64 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($573.57 Billion) and total liabilities ($512.94 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of PNC Financial Services Group Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $60.64 Billion |
| % of Total Assets | 10.57% |
| Annual Growth Rate | 8.89% |
| 5-Year Change | 8.81% |
| 10-Year Change | 29.41% |
| Growth Volatility | 15.23 |
PNC Financial Services Group Inc - Net Assets Trend (1989–2025)
This chart illustrates how PNC Financial Services Group Inc's net assets have evolved over time, based on quarterly financial data. Also explore PNC current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for PNC Financial Services Group Inc (1989–2025)
The table below shows the annual net assets of PNC Financial Services Group Inc from 1989 to 2025. For live valuation and market cap data, see PNC market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $60.64 Billion | +11.32% |
| 2024-12-31 | $54.47 Billion | +6.51% |
| 2023-12-31 | $51.14 Billion | +11.63% |
| 2022-12-31 | $45.81 Billion | -17.79% |
| 2021-12-31 | $55.73 Billion | +3.12% |
| 2020-12-31 | $54.04 Billion | +9.52% |
| 2019-12-31 | $49.34 Billion | +3.29% |
| 2018-12-31 | $47.77 Billion | +0.39% |
| 2017-12-31 | $47.59 Billion | +1.56% |
| 2016-12-31 | $46.85 Billion | +1.90% |
| 2015-12-31 | $45.98 Billion | -0.20% |
| 2014-12-31 | $46.07 Billion | +4.63% |
| 2013-12-31 | $44.04 Billion | +5.44% |
| 2012-12-31 | $41.77 Billion | +12.13% |
| 2011-12-31 | $37.25 Billion | +13.42% |
| 2010-12-31 | $32.84 Billion | +0.83% |
| 2009-12-31 | $32.57 Billion | +17.79% |
| 2008-12-31 | $27.65 Billion | +67.48% |
| 2007-12-31 | $16.51 Billion | +41.42% |
| 2006-12-31 | $11.67 Billion | +27.53% |
| 2005-12-31 | $9.15 Billion | +14.74% |
| 2004-12-31 | $7.98 Billion | +12.24% |
| 2003-12-31 | $7.11 Billion | -10.91% |
| 2002-12-31 | $7.98 Billion | +16.59% |
| 2001-12-31 | $6.84 Billion | -8.82% |
| 2000-12-31 | $7.50 Billion | +10.45% |
| 1999-12-31 | $6.79 Billion | -1.41% |
| 1998-12-31 | $6.89 Billion | +14.20% |
| 1997-12-31 | $6.03 Billion | +2.81% |
| 1996-12-31 | $5.87 Billion | +1.75% |
| 1995-12-31 | $5.77 Billion | +31.27% |
| 1994-12-31 | $4.39 Billion | +1.60% |
| 1993-12-31 | $4.33 Billion | +15.47% |
| 1992-12-31 | $3.75 Billion | +12.93% |
| 1991-12-31 | $3.32 Billion | +27.52% |
| 1990-12-31 | $2.60 Billion | -8.08% |
| 1989-12-31 | $2.83 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PNC Financial Services Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3203.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $63.27 Billion | 104.43% |
| Common Stock | $2.72 Billion | 4.48% |
| Other Comprehensive Income | $-3.41 Billion | -5.63% |
| Total Equity | $60.59 Billion | 100.00% |
PNC Financial Services Group Inc Competitors by Market Cap
The table below lists competitors of PNC Financial Services Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Williams Companies Inc
NYSE:WMB
|
$89.05 Billion |
|
Marsh & McLennan Companies Inc
NYSE:MMC
|
$89.51 Billion |
|
Vertiv Holdings Co
NYSE:VRT
|
$89.72 Billion |
|
Compagnie Financière Richemont SA
JSE:CFR
|
$89.87 Billion |
|
Waste Management Inc
NYSE:WM
|
$89.00 Billion |
|
Christian Dior SE
PA:CDI
|
$88.76 Billion |
|
Zurich Insurance Group AG
F:ZFI1
|
$87.82 Billion |
|
Intercontinental Exchange Inc
NYSE:ICE
|
$87.66 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PNC Financial Services Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 54,425,000,000 to 60,585,000,000, a change of 6,160,000,000 (11.3%).
- Net income of 6,936,000,000 contributed positively to equity growth.
- Dividend payments of 2,943,000,000 reduced retained earnings.
- Share repurchases of 1,338,000,000 reduced equity.
- New share issuances of 70,000,000 increased equity.
- Other comprehensive income increased equity by 3,157,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $6.94 Billion | +11.45% |
| Dividends Paid | $2.94 Billion | -4.86% |
| Share Repurchases | $1.34 Billion | -2.21% |
| Share Issuances | $70.00 Million | +0.12% |
| Other Comprehensive Income | $3.16 Billion | +5.21% |
| Other Changes | $278.00 Million | +0.46% |
| Total Change | $- | 11.32% |
Book Value vs Market Value Analysis
This analysis compares PNC Financial Services Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.44x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 14.83x to 1.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-12-31 | $14.88 | $220.71 | x |
| 1990-12-31 | $14.28 | $220.71 | x |
| 1991-12-31 | $16.73 | $220.71 | x |
| 1992-12-31 | $16.70 | $220.71 | x |
| 1993-12-31 | $18.14 | $220.71 | x |
| 1994-12-31 | $18.43 | $220.71 | x |
| 1995-12-31 | $16.72 | $220.71 | x |
| 1996-12-31 | $16.99 | $220.71 | x |
| 1997-12-31 | $16.79 | $220.71 | x |
| 1998-12-31 | $19.51 | $220.71 | x |
| 1999-12-31 | $19.82 | $220.71 | x |
| 2000-12-31 | $22.73 | $220.71 | x |
| 2001-12-31 | $20.44 | $220.71 | x |
| 2002-12-31 | $24.07 | $220.71 | x |
| 2003-12-31 | $23.65 | $220.71 | x |
| 2004-12-31 | $26.31 | $220.71 | x |
| 2005-12-31 | $29.53 | $220.71 | x |
| 2006-12-31 | $36.32 | $220.71 | x |
| 2007-12-31 | $44.34 | $220.71 | x |
| 2008-12-31 | $73.26 | $220.71 | x |
| 2009-12-31 | $65.81 | $220.71 | x |
| 2010-12-31 | $58.16 | $220.71 | x |
| 2011-12-31 | $64.74 | $220.71 | x |
| 2012-12-31 | $73.73 | $220.71 | x |
| 2013-12-31 | $79.58 | $220.71 | x |
| 2014-12-31 | $82.96 | $220.71 | x |
| 2015-12-31 | $85.82 | $220.71 | x |
| 2016-12-31 | $91.40 | $220.71 | x |
| 2017-12-31 | $97.76 | $220.71 | x |
| 2018-12-31 | $101.55 | $220.71 | x |
| 2019-12-31 | $110.08 | $220.71 | x |
| 2020-12-31 | $126.56 | $220.71 | x |
| 2021-12-31 | $130.81 | $220.71 | x |
| 2022-12-31 | $111.10 | $220.71 | x |
| 2023-12-31 | $127.44 | $220.71 | x |
| 2024-12-31 | $136.06 | $220.71 | x |
| 2025-12-31 | $153.77 | $220.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PNC Financial Services Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.45%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.13%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 9.47x
- Recent ROE (11.45%) is below the historical average (12.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 13.34% | 8.12% | 0.10x | 16.14x | $94.44 Million |
| 1990 | 2.73% | 1.45% | 0.11x | 17.51x | $-189.20 Million |
| 1991 | 11.75% | 8.72% | 0.10x | 13.53x | $58.12 Million |
| 1992 | 11.40% | 10.40% | 0.08x | 13.72x | $52.34 Million |
| 1993 | 16.78% | 17.51% | 0.07x | 14.35x | $293.40 Million |
| 1994 | 13.88% | 13.02% | 0.07x | 14.60x | $170.70 Million |
| 1995 | 7.08% | 6.68% | 0.08x | 12.73x | $-168.70 Million |
| 1996 | 16.90% | 15.58% | 0.09x | 12.48x | $405.10 Million |
| 1997 | 19.54% | 15.23% | 0.09x | 13.95x | $513.60 Million |
| 1998 | 18.45% | 15.68% | 0.09x | 12.78x | $510.70 Million |
| 1999 | 21.26% | 17.97% | 0.10x | 11.65x | $669.40 Million |
| 2000 | 19.22% | 16.65% | 0.11x | 10.49x | $613.40 Million |
| 2001 | 6.39% | 5.48% | 0.10x | 11.96x | $-210.40 Million |
| 2002 | 17.26% | 18.59% | 0.10x | 9.68x | $498.10 Million |
| 2003 | 15.06% | 16.77% | 0.09x | 10.26x | $336.50 Million |
| 2004 | 16.02% | 18.93% | 0.08x | 10.67x | $449.70 Million |
| 2005 | 15.47% | 16.76% | 0.09x | 10.74x | $468.70 Million |
| 2006 | 24.05% | 29.29% | 0.09x | 9.44x | $1.52 Billion |
| 2007 | 9.88% | 16.14% | 0.07x | 9.35x | $-18.40 Million |
| 2008 | 3.47% | 10.22% | 0.03x | 11.45x | $-1.66 Billion |
| 2009 | 8.17% | 13.50% | 0.07x | 9.01x | $-547.20 Million |
| 2010 | 11.28% | 20.15% | 0.06x | 8.74x | $387.80 Million |
| 2011 | 8.97% | 19.32% | 0.06x | 7.96x | $-349.30 Million |
| 2012 | 7.69% | 18.07% | 0.05x | 7.82x | $-899.30 Million |
| 2013 | 9.92% | 24.90% | 0.05x | 7.56x | $-32.40 Million |
| 2014 | 9.39% | 25.85% | 0.05x | 7.75x | $-271.10 Million |
| 2015 | 9.18% | 25.24% | 0.05x | 8.02x | $-365.00 Million |
| 2016 | 8.54% | 23.77% | 0.04x | 8.02x | $-666.90 Million |
| 2017 | 11.23% | 29.60% | 0.05x | 8.01x | $586.70 Million |
| 2018 | 11.11% | 27.83% | 0.05x | 8.01x | $528.20 Million |
| 2019 | 10.89% | 26.02% | 0.05x | 8.32x | $437.60 Million |
| 2020 | 13.91% | 41.16% | 0.04x | 8.64x | $2.11 Billion |
| 2021 | 10.18% | 28.80% | 0.04x | 10.00x | $101.40 Million |
| 2022 | 13.20% | 25.67% | 0.04x | 12.17x | $1.46 Billion |
| 2023 | 10.91% | 17.49% | 0.06x | 10.99x | $467.50 Million |
| 2024 | 10.82% | 17.48% | 0.06x | 10.29x | $446.50 Million |
| 2025 | 11.45% | 22.13% | 0.05x | 9.47x | $877.50 Million |
Industry Comparison
This section compares PNC Financial Services Group Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $552,557,300
- Average return on equity (ROE) among peers: 11.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PNC Financial Services Group Inc (PNC) | $60.64 Billion | 13.34% | 8.46x | $89.03 Billion |
| Ameris Bancorp (ABCB) | $1.46 Billion | 8.31% | 6.86x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $5.70 Billion |
| ACNB Corporation (ACNB) | $74.01 Million | 9.97% | 11.77x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $129.12 Million | 4.21% | 5.71x | $135.98 Million |
| Alerus Financial Corp (ALRS) | $153.31 Million | 13.22% | 8.01x | $647.19 Million |
| Amalgamated Bank (AMAL) | $535.82 Million | 8.62% | 10.16x | $1.14 Billion |
| Amerant Bancorp Inc. (AMTB) | $901.22 Million | 12.53% | 7.48x | $962.39 Million |
| Arrow Financial Corporation (AROW) | $72.29 Million | 17.85% | 12.85x | $601.02 Million |
| Associated Banc-Corp (ASB) | $2.02 Billion | 12.80% | 9.17x | $5.20 Billion |
| AmeriServ Financial Inc (ASRV) | $65.10 Million | 11.83% | 10.90x | $62.60 Million |
About PNC Financial Services Group Inc
The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The Retail Banking segment offers checking, savings, and money market accounts, and time deposit; residential mortgages, home equity loans and lines of credit, a… Read more