Where does PNC rank in banking?
PNC is one of the largest diversified financial services institutions in the United States. Get details about our organization, from our executives and employees to financial highlights and our community impact.
| Rank by Asset Size | Bank Name | Number of ATMs |
|---|---|---|
| 6. | PNC Bank | 2,600, plus access to a fee-free network of 60,000 ATMs |
| 7. | Goldman Sachs Bank | None |
| 8. | Truist Bank | 3,000 |
| 9. | Capital One | 70,000 |
PNC is one of the largest diversified financial services institutions in the United States. Get details about our organization, from our executives and employees to financial highlights and our community impact.
PNC is the sixth largest bank in the country with over $500 billion in assets. That makes it dramatically smaller than the Big Four banks that are informally labeled “too big to fail” and formally classified as Global Systemically Important Banks (GSIBs).
Chip Lupo, Credit Card Writer. PNC Bank is a subsidiary of The PNC Financial Services Group, Inc., a U.S.-based bank holding company headquartered in Pittsburgh, Pennsylvania, and founded in 1845. PNC Bank has been a subsidiary of The PNC Financial Services Group, Inc.
Fitch Ratings - New York - 16 Oct 2023: Fitch Ratings has affirmed PNC Financial Services Group, Inc.'s (PNC) and its primary operating subsidiary PNC Bank, NA's (PNCBNA) Long-Term (LT) and Short-Term (ST) Issuer Default Ratings (IDRs) at 'A+'/'F1'. The Rating Outlook is Stable on the long-term IDRs.
The difference between the two is that PNC offers various banking tools, waivable monthly fees and opportunities for interest boosts, while Chase offers greater branch accessibility, sign-up bonuses and specifically tailored account options.
The Probability of Bankruptcy of PNC Financial Services Group Inc (PNC) is 5.4% . This number represents the probability that PNC will face financial distress in the next 24 months given its current fundamentals and market conditions.
PNC Bank Customer Ratings
Bauer Financial rates PNC Bank 4 out of 5 stars. Mobile banking with PNC has strong reviews as well. PNC Bank's mobile app has an average rating of 4.8 out of 5 stars on the App Store based on more than 1.5 million reviews.
PNC Bank is a member of the Federal Deposit Insurance Corporation (FDIC). The Federal Deposit Insurance Corporation (FDIC) is a federal agency organized in 1933 that insures depositors' accounts up to the insured amount at most commercial banks and savings associations.
Is PNC a risky bank?
Importantly, PNC and PNC Bank are not in financial distress or in danger of failing.
- Those who are under age 62, or who don't meet minimum balance or direct deposit requirements, won't be able to avoid the monthly service fee.
- Customers are charged $36 for each overdraft, although the fee is capped at one per day.
| Bank | Forbes Advisor Rating | Learn More CTA text |
|---|---|---|
| Chase Bank | 5.0 | Learn More |
| Bank of America | 4.2 | |
| Wells Fargo Bank | 4.0 | Learn More |
| Citi® | 4.0 |
PITTSBURGH, Oct. 12, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced it has completed the conversion of 2.6 million customers, 9,000 employees and nearly 600 branches across seven states from BBVA USA to PNC Bank.
This website contains forward-looking statements regarding our outlook or expectations with respect to the acquisition of BBVA USA Bancshares, Inc., the combination of BBVA USA Bancshares, Inc. into PNC and BBVA USA into PNC Bank, and the impact of the transaction on PNC's future performance.
PNC is the product of a merger of two distinguished Pennsylvania banks in 1983: Pittsburgh National Corporation and Provident National Corporation based in Philadelphia. Each of these institutions had served diverse markets so that merger creating PNC also became the largest bank in Pennsylvania.
| Credit | Moody's | Standard & Poor's |
|---|---|---|
| Senior debt | A3 | A- |
| Subordinated debt | A3 | BBB+ |
| Preferred stock | Baa2 | BBB- |
| Agency rating outlook | Negative | Stable |
at 'A+'; Outlook Stable. Fitch Ratings - New York - 20 Oct 2022: Fitch Ratings has affirmed PNC Financial Services Group, Inc.'s (PNC) and its primary operating subsidiary PNC Bank, NA's (PNCBNA) Long-Term (LT) and Short-Term (ST) Issuer Default Ratings (IDRs) at 'A+'/'F1'. The Rating Outlook is Stable.
Compared with the third quarter of 2022, total revenue declined $316 million due to lower noninterest income and net interest income. Net interest income of $3.4 billion for the third quarter of 2023 decreased $92 million and $57 million from the second quarter of 2023 and third quarter of 2022, respectively.
The top three of PNC Corporate and Institutional's competitors in the Banking category are Razorpay with 41.98%, Oracle Financial Services with 12.07%, Temenos with 6.60% market share.
Which bank is most trustworthy?
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Best in Customer Satisfaction: JP Morgan Chase
Our pick for best in customer satisfaction is Chase because it's the top-rated bank in several regions as ranked by the J.D. Power 2023 U.S. Retail Banking Satisfaction Study and the third- highest-rated mobile app in customer satisfaction.
PNC plans to close more than 20 of its branches this year, according to regulator filings from the company. The closures come after the financial institution shuttered more than 200 locations last year.
A group of about 20 activists and protesters gathered in front of PNC Bank's headquarters Downtown on Wednesday morning to call on the financial giant to divest from companies that manufacture weapons for the nation's military — some of which could be used in the Israel-Hamas conflict, they said.
PNC Financial Services long term debt for 2023 was $72.737B, a 23.89% increase from 2022. PNC Financial Services long term debt for 2022 was $58.713B, a 90.73% increase from 2021.
