v3.25.2
Total Equity and Other Comprehensive Income (Tables)
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Rollforward of Total Equity
Activity in total equity for the three and six months ended June 30, 2025 and 2024 is as follows:
Table 63: Rollforward of Total Equity
  Shareholders’ Equity    
In millionsShares
Outstanding
Common
Stock		Common
Stock		Capital
Surplus -
Preferred
Stock		Capital
Surplus -
Common
Stock and
Other		Retained
Earnings		Accumulated
Other
Comprehensive
Income (Loss)		Treasury
Stock		Noncontrolling InterestsTotal Equity
Three months ended
Balance at March 31, 2024 (a)398$2,716 $6,243 $12,789 $56,913 $(8,042)$(19,279)$34 $51,374 
Net income— — — — 1,459 — — 18 1,477 
Other comprehensive income, net of tax— — — — — 596 — — 596 
Cash dividends declared - Common— — — — (623)— — — (623)
Cash dividends declared - Preferred— — — — (95)— — — (95)
Preferred stock discount accretion— — 2 — (2)— — — — 
Common stock activity— — — 16 — — — — 16 
Treasury stock activity— — — 6 — — (99)— (93)
Other— — — 42 — — — (13)29 
Balance at June 30, 2024 (a)398 $2,716 $6,245 $12,853 $57,652 $(7,446)$(19,378)$39 $52,681 
Balance at March 31, 2025 (a)396 $2,717 $5,751 $12,980 $60,051 $(5,237)$(19,857)$46 $56,451 
Net income — — — — 1,627 — — 16 1,643 
Other comprehensive income, net of tax— — — — — 555 — — 555 
Cash dividends declared - Common— — — — (642)— — — (642)
Cash dividends declared - Preferred— — — — (83)— — — (83)
Preferred stock discount accretion— — 2 — (2)— — — — 
Common stock activity — — — 18 — — — — 18 
Treasury stock activity(2)— — 5 — — (331)— (326)
Other— — — 53 — — — (14)39 
Balance at June 30, 2025 (a)394 $2,717 $5,753 $13,056 $60,951 $(4,682)$(20,188)$48 $57,655 
Six months ended
Balance at December 31, 2023 (a)398 $2,716 $6,241 $12,779 $56,290 $(7,712)$(19,209)$36 $51,141 
Net income— — — — 2,789 — — 32 2,821 
Other comprehensive income, net of tax— — — — — 266 — — 266 
Cash dividends declared - Common— — — — (1,247)— — — (1,247)
Cash dividends declared - Preferred— — — — (176)— — — (176)
Preferred stock discount accretion— — 4 — (4)— — — — 
Common stock activity— — — 16 — — — — 16 
Treasury stock activity— — — 77 — — (169)— (92)
Other— — — (19)— — — (29)(48)
Balance at June 30, 2024 (a)398 $2,716 $6,245 $12,853 $57,652 $(7,446)$(19,378)$39 $52,681 
Balance at December 31, 2024 (a)396 $2,717 $5,749 $12,961 $59,282 $(6,565)$(19,719)$44 $54,469 
Net income— — — — 3,108 — — 34 3,142 
Other comprehensive income, net of tax— — — — — 1,883 — — 1,883 
Cash dividends declared - Common— — — — (1,281)— — — (1,281)
Cash dividends declared - Preferred— — — — (154)— — — (154)
Preferred stock discount accretion— — 4 — (4)— — — — 
Common stock activity— — — 18 — — — — 18 
Treasury stock activity(2)— — 107 — — (469)— (362)
Other— — — (30)— — — (30)(60)
Balance at June 30, 2025 (a)394 $— $2,717 $5,753 $13,056 $60,951 $(4,682)$(20,188)$— $48 $57,655 
(a)The par value of our preferred stock outstanding was less than $0.5 million at each date and, therefore, is excluded from this presentation.
Other Comprehensive Income (Loss)
Details of other comprehensive income (loss) are as follows:

Table 64: Other Comprehensive Income (Loss)
 Three months ended June 30Six months ended June 30
2025202420252024
In millionsPre-taxTax effectAfter-taxPre-taxTax effectAfter-taxPre-taxTax effectAfter-taxPre-taxTax effectAfter-tax
Debt securities
Net unrealized gains (losses) on securities$82 $(20)$62 $(216)$52 $(164)$830 $(202)$628 $(611)$147 $(464)
Less: Net realized (losses) reclassified to earnings (a)(181)44 (137)(691)166 (525)(362)88 (274)(907)218(689)
Net change 263 (64)199 475 (114)361 1,192 (290)902 296 (71)225 
Cash flow hedge derivatives
Net unrealized gains (losses) on cash flow hedge derivatives
299 (73)226 (75)18 (57)930 (226)704(701)168(533)
Less: Net realized (losses) reclassified to earnings (a)(186)45 (141)(383)92 (291)(380)92 (288)(759)182(577)
Net change485 (118)367 308 (74)234 1,310 (318)992 58 (14)44 
Pension and other postretirement benefit plan adjustments
Net pension and other postretirement benefit plan activity and other reclassified to earnings (b)(19)4 (15)1 — 1 (21)5(16)(1)— (1)
Net change (19)4 (15)1 — 1 (21)5(16)(1)— (1)
Other
Net unrealized gains (losses) on other transactions(2)6 4 — — — (3)85(2)— (2)
Net change (2)6 4 — — — (3)8 5 (2)— (2)
Total other comprehensive income (loss)$727 $(172)$555 $784 $(188)$596 $2,478 $(595)$1,883 $351 $(85)$266 
(a)Reclassifications for pre-tax debt securities and cash flow hedges are recorded in Interest income and Noninterest income on the Consolidated Income Statement.
(b)Reclassifications include amortization of actuarial losses (gains) and amortization of prior period service costs (credits), which are recorded in Noninterest expense on the Consolidated Income Statement.
Accumulated Other Comprehensive Income (Loss) Components
Table 65: Accumulated Other Comprehensive Income (Loss) Components
In millions, after-taxDebt securities Cash flow hedge derivativesPension and other postretirement benefit plan adjustmentsOtherTotal
Three months ended
Balance at March 31, 2024$(5,966)$(1,903)$(127)$(46)$(8,042)
Net activity361 234 1 — 596 
Balance at June 30, 2024 (a)$(5,605)$(1,669)$(126)$(46)$(7,446)
Balance at March 31, 2025$(4,396)$(689)$(110)$(42)$(5,237)
Net activity 199 367 (15)4 555 
Balance at June 30, 2025 (a)$(4,197)$(322)$(125)$(38)$(4,682)
Six months ended
Balance at December 31, 2023$(5,830)$(1,713)$(125)$(44)$(7,712)
Net activity225 44 (1)(2)266 
Balance at June 30, 2024 (a)$(5,605)$(1,669)$(126)$(46)$(7,446)
Balance at December 31, 2024$(5,099)$(1,314)$(109)$(43)$(6,565)
Net activity902 992 (16)5 1,883 
Balance at June 30, 2025 (a)$(4,197)$(322)$(125)$(38)$(4,682)
(a)AOCI included pretax losses of $265 million and $285 million from derivatives that hedged the purchase of investment securities classified as held-to-maturity at June 30, 2025 and June 30, 2024, respectively.
Dividends Per Share
The following table provides the dividends per share for PNC’s common and preferred stock:

Table 66: Dividends Per Share (a)
Three months ended June 30Six months ended June 30
2025202420252024
Common Stock$1.60 $1.55 $3.20 $3.10 
Preferred Stock
   Series B$0.45 $0.45 $0.90 $0.90 
   Series R $— $2,209 $— $4,403 
Series S$2,500 $2,500 $2,500 $2,500 
   Series T$850 $850 $1,700 $1,700 
Series U $1,500 $1,500 $3,000 $3,000 
Series V$1,550 $1,550 $3,100 $3,100 
Series W$1,562 $1,562 $3,125 $3,125 
(a)     Dividends are payable quarterly, other than Series S preferred stock, which is payable semiannually.