PNC Financial Services Group
29 named things its latest annual report says its results depend on, each in the company's own words. 23 of them are also named by other companies we've read.
Partners and platforms
Mastercard
depends onnamed as a riskUnder these agreements, we may be responsible for certain losses and penalties if one of our merchant customers suffers a cyber attack or other data security breach.Risk factors (Item 1A)
Also named by AXP, CASH, COF, CPAY, DDS, EEFT, FIS, FISV and 7 more
Visa
depends onnamed as a riskIn addition, we provide card transaction processing services to some merchant customers under agreements we have with payment networks such as Visa and Mastercard.Risk factors (Item 1A)
Also named by AFRM, AXP, CASH, COF, EEFT, FIS, FISV, GPN and 6 more
Third-party data aggregators and financial applications
named as a riskPNC has and may continue to face increased financial exposure due to activity associated with the increased use of these applications and data aggregators.Risk factors (Item 1A)
Other companies
FirstBank Holding Company
$26.4 billion of assets, $16.0 billion of loans and $23.1 billion of depositsAs of close, FirstBank had $26.4 billion of assets, $16.0 billion of loans and $23.1 billion of deposits.Business (Item 1)
PNC Bank dividends
depends onnamed as a riskThe principal source of our liquidity at the parent company level is dividends and other capital distributions from PNC Bank.Business (Item 1)
Commodities and inputs
Commercial real estate
insures or lends tonamed as a riskFor example, underutilization of commercial real estate space, combined with higher interest rates, has harmed some customers’ creditworthiness and ability to refinance maturing loans, and decreased the demand for financial services in that sector.Risk factors (Item 1A)
Also named by AFL, APO, AUB, BAC, C, CFR, FSUN, GBCI and 11 more
Real estate-secured loans
concentrated innamed as a riskAs an example, loans secured by real estate typically represent a significant percentage of our overall credit portfolio.Risk factors (Item 1A)
Regulators
Consumer Financial Protection Bureau (CFPB)
subject tonamed as a riskThe CFPB is responsible for examining us for compliance with most federal consumer financial protection laws, and the results of the CFPB’s examinations (which are not publicly available) also can result in restrictions or limitations on our operations.Business (Item 1)
Also named by ABNB, AFRM, ALLY, AN, AUB, AXP, BAC, CASH and 61 more
Federal Deposit Insurance Corporation (FDIC)
subject tonamed as a riskDeposit insurance assessment rates are subject to change by the FDIC and may be affected by the overall economy and stability of the banking industry.Business (Item 1)
Also named by AFRM, BAC, BNY, CASH, CFG, CFR, COF, FCFS and 27 more
Federal Reserve
subject tonamed as a riskAs a BHC, PNC is subject to regulation under the BHC Act and to comprehensive consolidated supervision, regulation and examination by its primary regulator, the Federal Reserve.Business (Item 1)
Also named by AGNC, AUB, AXP, BAC, CASH, COF, DX, EFSC and 24 more
Office of the Comptroller of the Currency (OCC)
subject tonamed as a riskPNC Bank is supervised and regulated primarily by the OCC, and with respect to some matters, by the FDIC and the CFPB.Business (Item 1)
Also named by ADP, AMP, AXP, BAC, BLK, C, CASH, CFG and 22 more
Office of Foreign Assets Control (OFAC)
subject toPNC is also subject to sanctions laws and regulations administered and imposed by the United States government, including the U.S. Treasury Department's Office of Foreign Assets Control (“OFAC”) and the Department of State, as well as comparable sanctions programs imposed by foreign governments and multilateral bodies with jurisdiction over PNC’s products, services, or activities.Business (Item 1)
Also named by ABNB, ADP, AIG, APP, BMI, BMNR, BPOP, CAT and 46 more
Commodity Futures Trading Commission (CFTC)
subject toPNC Bank is registered as a swap dealer with the CFTC.Business (Item 1)
Also named by AB, ADM, AGNC, AMG, BAC, BGC, BMNR, C and 35 more
FINRA
subject toFINRA is the primary self-regulatory organization for our registered broker-dealer subsidiaries.Business (Item 1)
Also named by AJG, ARES, BGC, CBOE, CG, GLXY, JXN, KKR and 7 more
Colorado Division of Banking
subject toFirstBank is primarily regulated by the Federal Reserve and the Colorado Division of Banking.Business (Item 1)
Also named by BR
Laws and programs
Federal Reserve CCAR / Stress Capital Buffer
subject to · 2.5%named as a riskBased on PNC’s performance under the Federal Reserve’s supervisory stress tests as part of CCAR 2025, PNC’s SCB for the four-quarter period beginning October 1, 2025, is the regulatory minimum of 2.5%.Business (Item 1)
Tariffs
named as a riskWe operate in an uncertain economic environment due to sustained inflationary pressures, including higher prices and lower housing affordability, and fluctuating trade policies (including tariffs), combined with geopolitical tensions.Risk factors (Item 1A)
Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more
Community Reinvestment Act (CRA)
subject tonamed as a riskPNC’s status as an FHC is conditioned upon maintaining certain eligibility requirements for both PNC and its subsidiary depository institutions, including minimum capital ratios, supervisory ratings, and, in the case of its subsidiary depository institutions, maintaining at least a “Satisfactory” rating under the CRA.Business (Item 1)
Also named by ALLY, AMP, AUB, CFG, CFR, EFSC, EWBC, FCNCA and 20 more
FDIC special assessment
subject tonamed as a riskFor example, in November 2023, the FDIC released a final rule to impose a special assessment to recover losses to the DIF resulting from the systemic risk determination made in March 2023.Business (Item 1)
Also named by BPOP, CFG, CFR, CUBI, EFSC, EWBC, FCNCA, GBCI and 10 more
Bank Secrecy Act
subject tonamed as a riskIn particular, the financial services industry continues to face heightened scrutiny, including with respect to BSA/AML, know-your-customer and export and sanctions compliance requirements, consumer compliance and protection matters, and capital, liquidity and resolution planning.Risk factors (Item 1A)
Also named by AUB, BAC, CASH, CPAY, CUBI, EFSC, EWBC, EZPW and 10 more
Basel III endgame proposal
subject tonamed as a riskAmong other impacts, PNC and PNC Bank would be required to recognize most elements of AOCI in regulatory capital and would be subject to more punitive deductions from CET1 for MSRs, deferred tax assets and investments in certain unconsolidated financial institutions.Business (Item 1)
U.S. Basel III capital rules
subject tonamed as a riskPNC and PNC Bank are subject to the regulatory capital requirements under the U.S. Basel III capital rules adopted by the Federal Reserve, for PNC, and by the OCC, for the Bank.Business (Item 1)
Federal Reserve Regulation II (debit interchange)
subject tonamed as a riskWe expect the 2023 proposed rule, if finalized in its current form, will reduce PNC Bank’s interchange fee revenue.Business (Item 1)
Dodd-Frank Act Section 165(d) resolution planning
subject tonamed as a riskPNC is required by section 165(d) of the Dodd-Frank Act and its implementing regulations to periodically submit to the Federal Reserve and the FDIC a resolution plan (including a public summary) that includes, among other things, an analysis of how the company could be resolved in a rapid and orderly fashion if the company were to fail or experience material financial distress.Business (Item 1)
Also named by NTRS
Proposed long-term debt requirement
subject tonamed as a riskPNC, as a Category III holding company, and PNC Bank would be subject to the proposed rules.Business (Item 1)
Volcker Rule
subject toPNC maintains compliance programs to comply with the restrictions of the Volcker Rule.Business (Item 1)
Also named by AMP, BAC, GS, HBAN, MS, NTRS, RJF, SCHW and 5 more
Gramm-Leach-Bliley Act
subject toAmong other activities, we currently rely on our status as an FHC to conduct merchant banking activities and securities underwriting and market-making activities.Business (Item 1)
Also named by BR, CINF, EFX, FICO, FIS, FITB, OMF, ORI and 4 more
OCC Heightened Standards
subject toThe OCC has established guidelines setting forth certain heightened risk management and governance standards for large national banks, including PNC Bank.Business (Item 1)
Also named by HBAN
Technology
Stablecoins and cryptocurrencies
competes withnamed as a riskOur customers have removed and could continue to remove money from deposit accounts with us in favor of other banks or other types of products, such as emerging financial technologies, including digital wallets, non-fungible tokens and digital currencies and cryptocurrencies (including stablecoins).Risk factors (Item 1A)