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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. PNC Financial Services Group's retained earnings for the quarter that ended in Mar. 2026 was $64,256 Mil.
PNC Financial Services Group's quarterly retained earnings
increased
from Sep. 2025 ($62,008 Mil) to Dec. 2025 ($63,266 Mil) and
increased
from Dec. 2025 ($63,266 Mil) to Mar. 2026 ($64,256 Mil).
PNC Financial Services Group's annual retained earnings
increased
from Dec. 2023 ($56,290 Mil) to Dec. 2024 ($59,282 Mil) and
increased
from Dec. 2024 ($59,282 Mil) to Dec. 2025 ($63,266 Mil).
PNC Financial Services Group (NYSE:PNC) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
PNC Financial Services Group Retained Earnings Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PNC Financial Services Group Retained Earnings Chart
PNC Financial Services Group Retained Earnings Calculation
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of $64,256 Mil mean?
PNC Financial Services Group (PNC) has a Retained Earnings of $64,256 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on PNC Financial Services Group and its competitors.
Is PNC Financial Services Group's Retained Earnings too high?
PNC Financial Services Group's current Retained Earnings is $64,256 Mil. Overall, PNC Financial Services Group has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PNC Financial Services Group's Retained Earnings compare to USB and NU?
PNC Financial Services Group's Retained Earnings of $64,256 Mil can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Banks company?
A good Retained Earnings depends on the Banks industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on PNC Financial Services Group and its competitors. PNC Financial Services Group's current Retained Earnings is $64,256 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PNC Financial Services Group stock overvalued right now?
Based on GuruFocus' analysis, PNC Financial Services Group (PNC) is currently considered Modestly Overvalued. The stock's GF Value™ is $205.47, compared to a current price of $250.14 — trading 21.7% above its estimated fair value. The current Retained Earnings is $64,256 Mil. PNC Financial Services Group's overall GF Score™ is 75/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For PNC Financial Services Group (PNC), the current Retained Earnings is $64,256 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is PNC Financial Services Group (PNC) Overvalued in 2026?
Based on GuruFocus' analysis, PNC Financial Services Group stock appears to be overvalued.
The current stock price of $250.14 is trading 21.7% above its estimated GF Value™ of $205.47.
GuruFocus considers PNC Financial Services Group to be Modestly Overvalued.
Key valuation signals for PNC:
Retained Earnings: $64,256 Mil
GF Value™: $205.47 vs. price of $250.14 (21.7% above fair value)
No single metric tells the full story. See the PNC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PNC Financial is one of the three super-regional banks in the US, with over $600 billion in total assets at the end of March 2026. Headquartered in Pittsburgh, Pennsylvania, PNC Financial has a coast-to-coast branch network, with a strong presence in the US Midwest and Northeast. It closed its acquisition of FirstBank in January 2026, which added around $26 billion in assets to its balance sheet, and PNC is currently expanding in the Southern and Western regions of the US. The bank provides a diversified set of financial services in retail banking, commercial banking, card and treasury management, asset management, and investment banking. PNC derived around 38% of revenue from fee income and 62% from net interest income in 2025.
75GF Score
Get the complete analysis for PNC
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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