# PNC

> PNC is a Pittsburgh-based financial services group serving individuals, small businesses, corporations and institutions through banking, lending, payments and investment services. Its expansion combines digital tools such as Virtual Wallet with acquisitions and a roughly $2 billion branch investment program.

- **Founded:** 1983
- **Headquarters:** Pittsburgh, United States
- **Products:** Virtual Wallet, Low Cash Mode, Personal banking and lending, Small business banking, Corporate & Institutional Banking
- **Notable:** Virtual Wallet surpassed one million accounts in June 2012., Sold its BlackRock equity stake in 2020 for $14.2 billion in net proceeds., Expanded its national footprint through the 2021 acquisition of BBVA USA.

## Products & services

- **Virtual Wallet** — Checking and savings with digital budgeting tools; the full bundle includes Spend checking, Reserve checking and Growth savings.
- **Low Cash Mode** — Virtual Wallet Spend tools providing alerts, eligible payment control and at least 24 hours to restore a negative available balance before overdraft fees apply.
- **Personal banking and lending** — Deposit accounts, credit cards, mortgages, home equity and auto loans, supported by online, mobile and branch banking.
- **Small business banking** — Business accounts, financing, merchant services and cash management.
- **Corporate & Institutional Banking** — Corporate credit, treasury management, capital markets, real estate finance, equipment finance and asset-based lending.
- **Wealth and asset management** — Investment advice, portfolio management, retirement planning, private banking and trust and estate services for individuals and institutions.

## Achievements

- Virtual Wallet surpassed one million accounts in June 2012.
- Sold its BlackRock equity stake in 2020 for $14.2 billion in net proceeds.
- Expanded its national footprint through the 2021 acquisition of BBVA USA.
- Reported $23.099 billion in revenue and $6.997 billion in net income for 2025.
- Completed its FirstBank acquisition on January 5, 2026.

## Latest updates

- **2026-01** — Completed the acquisition of FirstBank on January 5, expanding in Colorado and Arizona.
- **2026-03** — Announced new Grow Up Great collaborations, including a $6.2 million PNC Foundation grant to Sesame Workshop.
- **2026-10** — Reported third-quarter net income of $2.097 billion and diluted EPS of $4.97 on October 15; adjusted EPS was $5.09.

## Links

- Website: https://www.pnc.com/
- LinkedIn: https://www.linkedin.com/company/pnc-bank/
- Twitter/X: https://x.com/PNCNews
- YouTube: https://www.youtube.com/user/pnc
- Instagram: https://www.instagram.com/pncbank/
- Facebook: https://www.facebook.com/pncbank

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Profile page: https://yespress.io/pnc
Published by YesPress — https://yespress.io
Last updated: 2026-10-22