The board of directors of PNC Financial Services unanimously appointed Michael P. Lyons president of the company and its wholly-owned banking subsidiary, PNC Bank. Lyons has been an executive vice president and head of corporate and institutional banking since he joined PNC in October 2011. read more

FEB 21, 2024 - 6:54 am

The Alta Group’s Bruce Kropschot and James Jackson examine the M&A market for independent equipment finance companies. Although another good year is expected, several factors could affect the market, including rising interest rates, stock market trends, tax reform legislation and accounting rule changes.... read more

March/April 2018

PNC Financial Services named E. William Parsley III chief operating officer, effective immediately. read more

FEB 23, 2018 - 7:29 am

PNC Financial reported Q2/17 earnings of $1,097 billion, up 11% from $989 million a year earlier. The bank noted it has formalized plans to expand its middle-market business into Denver, Houston and Nashville in 2018. read more

JUL 17, 2017 - 6:53 am

PNC reported Q1/16 net income of $943 million was down from $1.0 billion a year earlier. The bank noted a higher provision for credit losses attributable to “certain energy related loans.” read more

APR 15, 2016 - 6:34 am

PNC Financial reported FY and Q4/15 net income of $4.1 billion and $1.0 billion, respectively was down from $4.2 billion and $1.1 billion for the same periods one-year ago. However, EPS of $1.87 exceeded analysts’ estimates of $1.80. read more

JAN 15, 2016 - 7:41 am

PNC Financial reported net income of $1.0 billion or $1.75 per share, which topped expectations of $1.72 EPS. PNC noted its Q1/15 net interest margin of 2.82% was down from 3.26% for the same quarter a year earlier. read more

APR 15, 2015 - 10:19 am

PNC Financial Services reported 2014 net income of $4.2 billion was flat compared with 2013 net income of $4.2 billion. read more

JAN 16, 2015 - 2:20 am