About PNC
PNC is a company based in Pittsburgh (United States) founded in 1845 was acquired by Voya Financial in December 2021. It operates as a Subscription Services, and Commission-Based. The company has 53,690 employees as of December 31, 2024. PNC has completed 25 acquisitions, including APEX Analytix, Albridge and Ambassador Financial Group. PNC offers products and services including Virtual Wallet, PNC Cash Rewards Visa Credit Card, and Home Loans. PNC operates in a competitive market with competitors including Truist, Investec, Equity Bank, Citi and KeyBank, among others.
- Headquarter Pittsburgh, United States
- Employees 53690 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Pnc Financial Services Group, Inc. (The)
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Annual Revenue
$33.89 B6.07as on Dec 31, 2024
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Net Profit
$5.86 B5.59as on Dec 31, 2024
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EBITDA
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Latest Funding Round
$480 M (USD), Post-IPO
Sep 01, 2012
- Investors
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Employee Count
53690
as on Dec 31, 2024
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Investments & Acquisitions
APEX Analytix
& 24 more
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Acquired by
Voya Financial
(Dec 26, 2021)
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IPO & Listings of PNC
PNC is a publicly listed company on the NYSE with ticker symbol PNC in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of PNC
PNC offers a comprehensive portfolio of products and services, including Virtual Wallet, PNC Cash Rewards Visa Credit Card, and Home Loans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Virtual Wallet is offered for integrated financial management.
Cashback rewards are provided through this credit card.
Mortgage and refinancing options are provided for homeowners.
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Funding Insights of PNC
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $480.0M
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First Round
First Round
(01 Sep 2012)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2012 | Amount | Post-IPO - PNC | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PNC
PNC has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Voya Financial. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provider of pension fund for the employees based out of the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PNC
PNC has strategically engaged in corporate development activities, having acquired 25 companies. Notable acquisitions include APEX Analytix, Albridge and Ambassador Financial Group. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Tax review and dispute services are provided to clients.
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2011 | ||||
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Strategic advisory and private equity firm focused on energy and industrial sectors
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2007 | ||||
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Full-service investment banking with M&A advisory is provided.
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2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - PNC
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pnc Comparisons
Competitors of PNC
PNC operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, Investec, Equity Bank, Citi and KeyBank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| domain | founded_year | HQ Location |
Regional bank
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pnc
Frequently Asked Questions about PNC
When was PNC founded?
PNC was founded in 1845 and raised its 1st funding round 167 years after it was founded.
Where is PNC located?
PNC is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Who is the current CEO of PNC?
William S Demchak is the current CEO of PNC.
How many employees does PNC have?
As of Dec 31, 2024, the latest employee count at PNC is 53,690.
What is the annual revenue of PNC?
Annual revenue of PNC is $33.89B as on Dec 31, 2024.
What does PNC do?
PNC is established as a major financial institution offering a wide range of banking and lending services. Personal banking solutions, including checking, savings, and credit cards, are provided alongside mobile and online banking tools. Borrowing options such as mortgages, home equity loans, auto loans, and personal loans are made available. Wealth management and investment services are also offered through PNC Investments and PNC Private Bank. Small business and corporate banking solutions are tailored to diverse client needs. The company operates in the financial services sector, focusing on retail and institutional banking across various regions.
What products or services does PNC offer?
PNC offers Virtual Wallet, PNC Cash Rewards Visa Credit Card, and Home Loans.
Is PNC publicly traded?
Yes, PNC is publicly traded on NYSE under the ticker symbol PNC.
How many acquisitions has PNC made?
PNC has made 25 acquisitions, including APEX Analytix, Albridge, and Ambassador Financial Group.
Who are PNC's investors?
PNC has 1 investor. Key investors include Voya Financial.
What is PNC's ticker symbol?
The ticker symbol of PNC is PNC on NYSE.
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