Equity (Tables)

12 Months Ended

Dec. 31, 2024

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 80: Preferred Stock - Authorized, Issued and Outstanding

			Preferred Shares
December 31 Shares in thousands	Liquidation value per share		2024	2023
Authorized
$1 par value			20,000	20,000
Issued and outstanding
Series B	$	40	1	1
Series R (a)	$	100,000		5
Series S	$	100,000	5	5
Series T	$	100,000	15	15
Series U	$	100,000	10	10
Series V	$	100,000	12	12
Series W	$	100,000	15	15
Total issued and outstanding			58	63

(a)On December 2, 2024, PNC redeemed all 5,000 shares of its Series R preferred stock, as well as all 500,000 depositary shares each representing a fractional interest in such shares.

Terms of Outstanding Preferred Stock

The following table discloses information related to the preferred stock outstanding as of December 31, 2024:

Table 81: 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		$	1.80	None
Series S (d)	November 1, 2016	525,000	1/100th	Semi-annually until November 1, 2026   Quarterly beginning on February 1, 2027	5.00% until November 1, 2026 3 Mo. CME Term SOFR plus 0.26161% plus 3.30% beginning November 1, 2026			November 1, 2026
Series T (d)	September 13, 2021	1.5 million	1/100th	Quarterly	3.40% until September 15, 2026  5 Yr. U.S. Treasury plus 2.595% per annum beginning September 15, 2026			September 15, 2026
Series U (d)	April 26, 2022	1 million	1/100th	Quarterly	6.00% until May 15, 2027  5 Yr. U.S. Treasury plus 3.00% per annum beginning May 15, 2027			May 15, 2027
Series V (d)	August 19, 2022	1.25 million	1/100th	Quarterly	6.20% until September 15, 2027  5 Yr. U.S. Treasury plus 3.238% per annum beginning September 15, 2027			September 15, 2027
Series W (d)	February 7, 2023	1.5 million	1/100th	Quarterly	6.25% until March 15, 2030 7 Yr. U.S. Treasury plus 2.808% per annum beginning March 15, 2030			March 15, 2030

(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, also 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 82: Dividends Per Share

December 31	2024		2023		2022
Common Stock	$	6.30	$	6.10	$	5.75
Preferred Stock
Series B	$	1.80	$	1.80	$	1.80
Series O			$	8,848	$	4,881
Series P					$	6,181
Series R	$	8,715	$	6,808	$	4,850
Series S	$	5,000	$	5,000	$	5,000
Series T	$	3,400	$	3,400	$	3,400
Series U	$	6,000	$	6,000	$	3,317
Series V	$	6,200	$	6,200	$	1,998
Series W	$	6,250	$	5,347