The PNC Financial Services Group, Inc. (PNC) The BancAnalysts Association of Boston Conference November 7, 2025 10:35 AM EST
Company Participants
Alexander E. Overstrom - EVP & Head of Retail Banking
Robert Reilly - EVP, CFO & Director
Conference Call Participants
Gerard Cassidy - RBC Capital Markets, Research Division
Betsy Graseck - Morgan Stanley, Research Division
Presentation
Gerard Cassidy
RBC Capital Markets, Research Division
I'm Gerard Cassidy, the President of the BancAnalysts Association of Boston. Thank you all for attending. Thank you very much. I appreciate that.
With us today, we have PNC Financial, which we all obviously know, it's about $569 billion in total assets. Market cap is over $70 billion. And presently, they have over 2,200 branches throughout the United States. Last quarter, they had a return on tangible common equity of about 17%.
Businesses are broken into three areas primarily, Retail Banking, Corporate & Investment Banking and Asset Management. To my immediate right is Rob Reilly, who many of you already know, Executive Vice President and CFO. I was chatting with Rob beforehand. He's been CFO since 2013. And some of you might remember before that, he headed up their Asset Management area for a number of years.
To his right is Alex Overstrom. And for a few of us in this room, myself, Charlie and Brent, who have been doing this for a number of years, we like some of the famous baseball players, the Griffeys, the Boones, and the Bonds. Alex's father presented here as part of Shawmut National back in mid- to early 1990s. So, we have -- his is the first father-and-son combo with the Beavers Head. So...
Alexander E. Overstrom
EVP & Head of Retail Banking
I don't know if that bodes well or not, but we'll go for it.
