Equity (Tables)

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Preferred Stock - Authorized, Issued and Outstanding

The following table provides the number of preferred shares issued and outstanding, the liquidation value per share and the number of authorized preferred shares:

Table 79: Preferred Stock - Authorized, Issued and Outstanding

			Preferred Shares
December 31 Shares in thousands	Liquidation value per share		2021	2020
Authorized
$1 par value			20,000	20,000
Issued and outstanding
Series B	$	40	1	1
Series O	$	100,000	10	10
Series P	$	100,000	15	15
Series R	$	100,000	5	5
Series S	$	100,000	5	5
Series T	$	100,000	15
Total issued and outstanding			51	36

Terms Of Outstanding Preferred Stock

The following table discloses information related to the preferred stock outstanding as of December 31, 2021:

Table 80: Terms of Outstanding Preferred Stock

Preferred Stock	Issue Date	Number of Depositary Shares Issued and Outstanding	Fractional Interest in a share of preferred stock represented by each Depositary Share	Dividend Dates (a)	Annual Per Share Dividend Rate			Optional Redemption Date (b)
Series B (c)	(c)	N/A	N/A	Quarterly from March 10th		$	1.80	None
Series O (d)	July 27, 2011	1 million	1/100th	Semi-annually beginning on February 1, 2012 until August 1, 2021   Quarterly beginning on November 1, 2021	6.75% until August 1, 2021 3 Mo. LIBOR plus 3.678% per annum beginning on August 1, 2021			August 1, 2021
Series P (d)	April 24, 2012	60 million	1/4,000th	Quarterly beginning on August 1, 2012	6.125% until May 1, 2022 3 Mo. LIBOR plus 4.0675% per annum beginning on May 1, 2022			May 1, 2022
Series R (d)	May 7, 2013	500,000	1/100th	Semi-annually beginning on December 1, 2013 until June 1, 2023   Quarterly beginning on September 1, 2023	4.85% until June 1, 2023 3 Mo. LIBOR plus 3.04% per annum beginning June 1, 2023			June 1, 2023
Series S (d)	November 1, 2016	525,000	1/100th	Semi-annually beginning on May 1, 2017 until November 1, 2026   Quarterly beginning on February 1, 2027	5.00% until November 1, 2026 3 Mo. LIBOR plus 3.30% per annum beginning November 1, 2026			November 1, 2026
Series T (d)	September 13, 2021	1.5 million	1/100th	Quarterly beginning on December 15, 2021	3.40% until September 15, 2026  5 Yr. U.S. Treasury plus 2.595% per annum beginning September 15, 2026			September 15, 2026

(a)Dividends are payable when, as, and if declared by our Board of Directors or an authorized committee of our Board of Directors.

(b)Redeemable at our option on or after the date stated. With the exception of the Series B preferred stock, redeemable at our option within 90 days of a regulatory capital treatment event as defined in the designations.

(c)Cumulative preferred stock. Holders of Series B preferred stock are entitled to 8 votes per share, which is equal to the number of full shares of common stock into which the Series B preferred stock is convertible. The Series B preferred stock was issued in connection with the consolidation of Pittsburgh National Corporation and Provident National Corporation in 1983.

(d)Non-Cumulative preferred stock.

Dividends Per Share

The following table provides the dividends per share for PNC's common and preferred stock:

Table 81: Dividends Per Share

December 31	2021		2020		2019
Common Stock	$	4.80	$	4.60	$	4.20
Preferred Stock
Series B	$	1.80	$	1.80	$	1.80
Series O	$	7,722	$	6,750	$	6,750
Series P	$	6,125	$	6,125	$	6,125
Series Q			$	4,031	$	5,375
Series R	$	4,850	$	4,850	$	4,850
Series S	$	5,000	$	5,000	$	5,000
Series T	$	869