PNC Financial Services Group Files 8-K

Ticker: PNC · Form: 8-K · Filed: 2024-10-30T00:00:00.000Z

Sentiment: neutral

Topics: sec-filing, 8-k, financials

Related Tickers: PNC

TL;DR

PNC filed an 8-K, likely containing routine updates or exhibits. No major news yet.

AI Summary

On October 30, 2024, The PNC Financial Services Group, Inc. filed an 8-K report. The filing primarily concerns other events and financial statements/exhibits, with no specific material events or financial figures detailed in the provided text.

Why It Matters

This 8-K filing indicates that PNC Financial Services Group is providing updates or submitting required documentation to the SEC, which could contain important operational or financial information for investors.

Risk Assessment

Risk Level: low — The filing is a standard 8-K report without immediate disclosure of significant negative events.

Key Players & Entities

FAQ

What is the exact date of the earliest event reported in this 8-K filing?

The date of the earliest event reported is October 30, 2024.

What is the Commission File Number for The PNC Financial Services Group, Inc.?

The Commission File Number is 001-09718.

In which state is The PNC Financial Services Group, Inc. incorporated?

The PNC Financial Services Group, Inc. is incorporated in Pennsylvania (PA).

What is the IRS Employer Identification Number for the registrant?

The IRS Employer Identification Number is 25-1435979.

What are the primary items covered in this 8-K filing?

This 8-K filing primarily concerns 'Other Events' and 'Financial Statements and Exhibits'.

Filing Stats: 599 words · 2 min read · ~2 pages · Grade level 10.9 · Accepted 2024-10-30 14:18:34

Key Financial Figures

Filing Documents

01 Other Events

Item 8.01 Other Events. On October 30, 2024, The PNC Financial Services Group, Inc. ("PNC") issued a press release announcing the redemption on December 2, 2024 of $500,000,000 of Depositary Shares (CUSIP: 693475AM7) (the "Depositary Shares") representing interests in PNC's Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series R (the "Series R Preferred Stock"). Each Depositary Share represents a 1/100 th interest in a share of the Series R Preferred Stock. All 500,000 Depositary Shares currently outstanding will be redeemed. The Depositary Shares will be redeemed at a redemption price of $1,000 per Depositary Share. Such redemption price does not include the regular quarterly dividend on the Depositary Shares that was separately declared and will be paid separately on December 2, 2024 to holders of record on the record date for such dividend payment in the customary manner. The Depositary Shares are held through the Depository Trust Company ("DTC") and will be redeemed in accordance with the procedures of DTC. Payment to DTC will be made by Computershare Trust Company, N.A., the Depositary, in accordance with the Deposit Agreement governing the Depositary Shares. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Number Description Method of Filing 99.1 Press Release dated October 30, 2024 Filed herewith 104 The cover page of this Current Report on Form 8-K, formatted as an inline XBRL. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THE PNC FINANCIAL SERVICES GROUP, INC. (Registrant) Date: October 30, 2024 By: /s/ Gregory H. Kozich Gregory H. Kozich Senior Vice President and Controller - 3-

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