Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Results of Businesses

Results of our reportable business segments for 2024, 2023 and 2022 are as follows:

Table 120: Business Segment Results

	Retail Banking						Corporate & Institutional Banking						Asset Management Group
Year ended December 31 In millions	2024		2023		2022		2024		2023		2022		2024		2023		2022
Net interest income	$	10,933	$	9,974	$	7,540	$	6,302	$	5,732	$	5,179	$	652	$	547	$	608
Noninterest income	3,582		2,951		2,967		3,927		3,537		3,621		949		905		936
Total revenue	14,515		12,925		10,507		10,229		9,269		8,800		1,601		1,452		1,544
Provision for (recapture of) credit losses	$	362	$	396	$	259	$	453	$	398	$	198	$	(3)	$	(3)	$	28
Noninterest expense
Personnel	$	2,189	$	2,266	$	2,409	$	1,508	$	1,426	$	1,463	$	472	$	494	$	483
Segment allocations (a)	3,653		3,571		3,394		1,497		1,507		1,421		454		464		441
Depreciation and amortization	312		330		310		202		211		213		30		30		29
Other (b)	1,377		1,388		1,485		557		586		554		117		127		133
Total noninterest expense	7,531		$	7,555	$	7,598	$	3,764	$	3,730	$	3,651	$	1,073	$	1,115	$	1,086
Income before income taxes and noncontrolling interests	6,622		4,974		2,650		6,012		5,141		4,951		531		340		430
Income taxes	1,545		1,163		621		1,264		1,073		1,064		124		$	80	$	100
Net income	5,077		3,811		2,029		4,748		4,068		3,887		407		260		330
Less: Net income attributable to noncontrolling interests	39		43		55		19		19		17
Net income excluding noncontrolling interests	$	5,038	$	3,768	$	1,974	$	4,729	$	4,049	$	3,870	$	407	$	260	$	330
Average assets	$	114,631	$	114,914	$	113,829	$	228,349	$	233,337	$	219,941	$	16,872	$	15,812	$	14,505

(a)Represents expense allocations for corporate overhead services used by each business segment; primarily comprised of technology, human resources and occupancy-related allocations.

(b)Other is primarily comprised of other direct expenses including outside services and equipment expense.

The following table presents reconciliations of financial results for the three reportable business segments to our consolidated reporting.

Table 121: Reconciliation of Business Segment Results to Consolidated

Year ended December 31 In millions	2024		2023		2022
Revenues
Total business segment revenue	$	26,345	$	23,646	$	20,851
Revenues from other activities	(4,790)		(2,156)		269
Total revenue	$	21,555	$	21,490	$	21,120
Noninterest Expense
Total business segment noninterest expense	$	12,368	$	12,400	$	12,335
FDIC special assessment	112		515
Workforce reduction charges			150
PNC Foundation contribution	120		50
Noninterest expense from other activities	924		897		835
Total noninterest expense	$	13,524	$	14,012	$	13,170
Net Income
Total business segment net income	$	10,232	$	8,139	$	6,246
FDIC special assessment	(112)		(515)
Workforce reduction charges			(150)
PNC Foundation contribution	(120)		(50)
Net income (loss) from other activities	(4,047)		(1,777)		(133)
Net income	$	5,953	$	5,647	$	6,113
Average Assets
Total business segment average assets	$	359,852	$	364,063	$	348,275
Average assets from other activities	205,031		194,707		202,377
Total average assets	$	564,883	$	558,770	$	550,652