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PNC(PNC) - 2025 Q1 - Quarterly Report
PNCPNC(PNC)2025-05-02 16:24

Share Repurchase and Dividend Policy - In Q1 2025, PNC repurchased a total of 1,402 thousand shares at an average price of $187.01 per share[484]. - As of March 31, 2025, approximately 41% of the authorized repurchase program of up to 100 million common shares remains available[485]. - The company intends to continue its policy of paying quarterly cash dividends, subject to economic conditions and regulatory assessments[501]. - PNC's dividend policy is influenced by the results of the supervisory assessment of capital adequacy as part of the CCAR process[501]. - The company has a Dividend Reinvestment and Stock Purchase Plan available for common stockholders[502]. Regulatory and Governance - PNC's regulatory capital minimum for the four-quarter period beginning October 1, 2024, is set at 2.5%[485]. - No unregistered sales of equity securities were reported during the period[483]. - There were no changes in trading arrangements for directors or executive officers during Q1 2025[486]. - The company maintains a commitment to transparency regarding its corporate governance and ethical conduct[497]. - PNC's financial reports and investor information are accessible on its corporate website and the SEC's website[491].