PNC USA UK BRANCH
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Cash
£34B
-8.8% vs 2023
Net assets
£40B
+6.5% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£5B
+7.5% vs 2023
Net assets
3-year trend · vs Unclassified median
Accounts
3-year trend · latest reflected 2024-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Turnover | £15,656,041,512 | £15,930,318,755 | £15,978,502,595 | |
| Operating profit | £5,893,254,262 | £5,543,365,456 | £5,953,298,740 | |
| Profit before tax | £5,539,659,007 | £4,993,328,391 | £5,368,421,053 | |
| Net profit | £4,531,504,818 | £4,334,321,720 | £4,412,898,443 | |
| Cash | — | £37,601,927,354 | £34,285,396,590 | |
| Total assets less current liabilities | — | — | — | |
| Net assets | £29,672,349,889 | £37,910,303,929 | £40,377,316,531 | |
| Equity | £29,672,349,889 | £37,910,303,929 | £40,377,316,531 | |
| Average employees | — | — | — | |
| Wages | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Operating margin | 37.6% | 34.8% | 37.3% | |
| Net margin | 28.9% | 27.2% | 27.6% | |
| Gearing (liabilities / total assets) | 92.8% | 90.9% | 90.3% |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- US GAAP
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company's management has concluded that the Company’s financial condition and liquidity allow it to meet its obligations as they become due for at least the next 12 months from the date the financial statements were issued. This means the Company continues to be a “going concern.””
Significant events
- “In November 2023, the FDIC approved a final rule to implement a special assessment to recover the loss to the Deposit Insurance Fund associated with protecting uninsured depositors following the closures of Silicon Valley Bank and Signature Bank.”
- “In the second quarter of 2024, PNC anticipated in the Visa B-C common shares program, allowing PNC to convert its Visa Class B-I common shares into approximately equal amounts of Visa Class B-2 common shares and Visa Class C common shares.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
16 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GLEASON, Laura | Secretary | 2023-07-18 | — | — |
| ALVARADO, Joseph | Director | 2023-07-18 | Jul 1952 | American |
| CAFARO, Debra Ann | Director | 2023-07-18 | Dec 1957 | American |
| DEMCHAK, William Stanton | Director | 2023-07-18 | Aug 1962 | American |
| FELDSTEIN, Andrew Todd | Director | 2023-07-18 | Sep 1964 | American |
| HARSHMAN, Richard Joseph | Director | 2023-07-18 | Jul 1956 | American |
| HESSE, Daniel Ryan | Director | 2023-07-18 | Oct 1953 | American |
| KHATOR, Renu | Director | 2023-07-18 | Jun 1955 | American |
| LYONS, Michael Patrick | Director | 2023-07-18 | Nov 1970 | American |
| MEDLER, Linda Rostal | Director | 2023-07-18 | Jun 1956 | American |
| NIBLOCK, Robert Alan | Director | 2023-07-18 | Sep 1962 | American |
| PARSLEY, E William, Iii | Director | 2023-07-18 | Nov 1965 | American |
| PFINSGRAFF, Martin | Director | 2023-07-18 | Feb 1955 | American |
| REILLY, Robert Quintin | Director | 2023-07-18 | Jan 1965 | American |
| RODGERS CHESHIRE, Marjorie | Director | 2023-07-18 | Dec 1968 | American |
| SALESKY, Bryan Scott | Director | 2023-07-18 | May 1980 | American |
Ownership
Persons with significant control
Filing timeline
Last 5 of 5 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-06 | AA | accounts | Accounts with accounts type full | |
| 2025-02-11 | AA | accounts | Accounts with accounts type full | |
| 2024-10-16 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-07-18 | OS-PAR | annual-return | Appointment at registration of person authorised to represent | |
| 2023-07-18 | OSIN01 | incorporation | Register overseas company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+0.3%
£15,930,318,755 £15,978,502,595
-
Cash
-8.8%
£37,601,927,354 £34,285,396,590
-
Net assets
+6.5%
£37,910,303,929 £40,377,316,531
highest in 3 filed years
-
Employees
—
Not reported
-
Operating profit
+7.4%
£5,543,365,456 £5,953,298,740
highest in 3 filed years
-
Profit before tax
+7.5%
£4,993,328,391 £5,368,421,053
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers