Financial Performance
Our Approach to Management
At PNC, we manage our company for the long term. We are focused on the fundamentals of growing customers, loans, deposits and revenue, and improving profitability, while investing for the future and managing risk, expenses and capital. We continue to invest in our products, markets and brand, and we embrace our commitments to our customers, shareholders, employees and the communities where we do business.
We strive to expand and deepen customer relationships by offering a broad range of deposit, credit and fee-based products and services. We are focused on delivering those products and services to our customers with the goal of addressing their financial objectives and putting customers’ needs first. Our business model is built on customer loyalty and engagement, understanding our customers’ financial goals, and offering our diverse products and services to help them achieve financial well-being. Our approach is concentrated on organically growing and deepening client relationships across our businesses that meet our risk/return measures.
We are focused on our strategic priorities, which are designed to enhance value over the long term and consist of:
- Expanding our leading banking franchise to new markets and digital platforms
- Deepening customer relationships by delivering a superior banking experience and financial solutions
- Leveraging technology to innovate and enhance products, services, security and processes
Economic Profile
Economic Value Distributed Amount (in millions for year ended December 31, 2018)
| Economic Value Distributed | Amount (in millions) |
| Revenues | $17,132 |
| Operating Costs* | $3,796 |
| Employee Wages & Benefits | $5,471 |
| Payments to Providers of Capital | $3,469 |
| Government Payments | $948 |
| Charitable Giving | $77 |
*Operating Costs are calculated in accordance with GRI guidelines.
What Makes Us Different
Makes Us Stronger.
2020 Corporate Responsibility
Learn More About CR
Corporate Awards & Recognition
Industry/Reputation
- U.S. Best Bank, Euromoney Awards for Excellence (2020)
- Best National Banks, Kiplinger (2020)
Corporate Social Responsibility
- Outstanding Community Reinvestment Act Rating
- 100 Most Sustainable Companies, Barron’s (2020)
- JUST 100 America’s Most Just Companies, JUST Capital (2020)
- America’s Most Responsible Companies, Newsweek (2020)
Diversity, Equity & Inclusion
Accessibility
- 100% Score on Disability Equality Index® (DEI®) Best Places to Work™ (2020)
- Top 50 Employers, CAREERS & the disABLED Magazine (2020)
- Employer of the Year, Disability:IN (2019)
LGBTQ+
- Best Places to Work for LGBTQ Equality, Human Rights Campaign (2020)
- Top LGBTQ+ Friendly, Black EOE Journal (2020)
- Best-of-the-Best Corporation for Inclusion, National Gay & Lesbian Chamber of Commerce and National Business Inclusion Consortium, (2019)
Veterans
- Best of the Best Top Veteran-Friendly Companies, U.S. Veterans Magazine (2020)
- Top Veteran-Friendly Supplier Diversity Programs, U.S. Veterans magazine (2020)
Women
- 100 Best Companies, Working Mother (2020)
- Top 70 Companies for Executive Women, National Association for Female Executives (2020)
- Gender-Equality Index, Bloomberg (2020)
- Top Financial Companies, Professional Woman’s Magazine (2020)
- Most Powerful Women in Banking and Finance, American Banker (2020)
- 50 Out Front: Best Places to Work for Women & Diverse Managers, Diversity MBA Magazine (2020)
- Best Finance Companies for Women, Fairygodboss (2020)
- Board Diversity Award, DirectWomen (2019)
- Best Companies to Work for Women, WOMEN'S CHOICE AWARD® (2019)
- Best Companies to Work for Multicultural Women, WOMEN'S CHOICE AWARD®(2019)
