Core Points - The PNC Financial Services Group, Inc. declared a quarterly cash dividend of $1.70 per share on common stock, payable on Nov. 5, 2025, to shareholders of record by Oct. 14, 2025 [1] - The board also declared cash dividends for various series of preferred stocks, including Series B at $0.45 per share, Series S at $2,500.00 per share, Series T at $850.00 per share, Series U at $1,500.00 per share, Series V at $1,550.00 per share, and Series W at $1,562.50 per share, with respective payment dates and record dates specified [4] Company Overview - The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the U.S., focusing on strong relationships and local delivery of retail and business banking, lending products, corporate banking, real estate finance, asset-based lending, wealth management, and asset management [1]

Core Viewpoint - Preferred Bank reported a net income of $32.8 million or $2.52 per diluted share for Q2 2025, reflecting a $2.8 million increase from the previous quarter but a slight decrease of $745,000 compared to the same quarter last year [1][2]. Financial Performance - Net interest income for Q2 2025 was $66.9 million, an increase of $4.2 million from the prior quarter and $767,000 from the same quarter last year [4]. - The net interest margin improved to 3.85%, up from 3.75% in the previous quarter but down from 3.96% in the same quarter last year [2][4]. - Noninterest income was $3.8 million, compared to $3.4 million in the same quarter last year and $4.0 million in the previous quarter [5]. Loan and Deposit Growth - The loan portfolio increased by 1.8% linked quarter, while deposits saw only a slight increase [2]. - Total loans reached $5.74 billion, an increase of $99.0 million from December 31, 2024 [9]. - Total deposits were $6.08 billion, up by $161.5 million from $5.92 billion as of December 31, 2024 [9]. Asset Quality - Non-accrual loans decreased from $78.9 million as of March 31, 2025, to $51.2 million at June 30, 2025 [3]. - Total criticized loans decreased to $104.5 million from $129.2 million in the prior quarter [10]. Noninterest Expense - Total noninterest expense was $22.5 million for Q2 2025, down from $23.4 million in the previous quarter but up from $19.7 million in the same period last year [6]. - The decrease from the prior quarter was primarily due to a reduction in personnel expenses [6]. Tax and Capitalization - The provision for income taxes was $13.7 million, resulting in an effective tax rate of 29.5% [7]. - As of June 30, 2025, the Bank's tangible capital ratio was 10.26%, and the total capital ratio stood at 14.43% [12].

Group 1 - The PNC Financial Services Group, Inc. declared a quarterly cash dividend of $1.70 per share, representing a 6% increase from the previous quarter's dividend of $1.60 per share [1] - The dividend will be payable on August 5, 2025, to shareholders of record as of July 15, 2025 [1] - The increase in the dividend reflects the company's financial strength and the board's confidence in its strategy and outlook, as stated by the CEO William S. Demchak [2] Group 2 - The board also declared cash dividends on several series of preferred stocks, including Series B, Series T, Series U, Series V, and Series W, with varying amounts and payment dates [4] - Series B will pay a dividend of $0.45 per share on September 10, 2025 [4] - Series T will pay a dividend of $850.00 per share on September 15, 2025, while Series U will pay $1,500.00 per share on August 15, 2025 [4] - Series V will pay a dividend of $1,550.00 per share, and Series W will pay $1,562.50 per share, both on September 15, 2025 [4]