Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
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Over 2021–2024 PNC’s consolidated balance sheet was broadly stable on a large scale: total assets were about $557–562 billion, edging up from $557.2B in 2021 to a peak of $561.6B in 2023 and then a small decline to $560.0B in 2024. That limited movement (under 1% cumulative change) suggests no material expansion or contraction of the firm’s asset base over the period. The assets-to-equity leverage implied by those totals remained in the same general range once volatility is considered. Liabilities rose from $501.5B (2021) to $511.5B (2022) before drifting lower to $505.6B by 2024; liabilities as a share of assets climbed to ~91.8% in 2022 then fell back toward ~90.3% in 2024. Stockholders’ equity, however, showed the largest relative swing: equity fell sharply from $55.7B in 2021 to $45.8B in 2022 (equity/asset ratio dropping from ~10.0% to ~8.2%), then recovered to $51.1B (9.1%) in 2023 and $54.4B (9.7%) in 2024. The 2022 equity decline is a noteworthy fluctuation and could reflect one-off charges, higher provisions, market/valuation impacts or capital actions that affected bank capital—factors commonly seen across the industry during periods of rising rates and deposit/market stress. (The 2025 row contains zeros and appears to be missing data.) Overall the balance sheet shows resilience with capital levels largely restored by 2024 after the 2022 disruption.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.