PNC FINANCIAL SERVICES GROUP, INC. Interest Expense 2007-2024 | PNC
What is interest expense?
Interest expense represents the cost of borrowing money, including interest paid on bonds, loans, and other debt obligations.
What is PNC FINANCIAL SERVICES GROUP, INC.'s current interest expense?
PNC FINANCIAL SERVICES GROUP, INC. (PNC) annual interest expense for 2023 was $10.39B, a 329.07% increase from 2022. PNC FINANCIAL SERVICES GROUP, INC. interest expense for the quarter ending March 31, 2024 was $3.24B.
What was PNC FINANCIAL SERVICES GROUP, INC.'s interest expense in 2022?
PNC FINANCIAL SERVICES GROUP, INC. annual interest expense for 2022 was $2.42B, a 397.33% increase from 2021.
What was PNC FINANCIAL SERVICES GROUP, INC.'s interest expense in 2021?
PNC FINANCIAL SERVICES GROUP, INC. annual interest expense for 2021 was $487.0M, a 64.22% decline from 2020.
What is PNC FINANCIAL SERVICES GROUP, INC.'s 5-year interest expense CAGR?
PNC FINANCIAL SERVICES GROUP, INC. interest expense grew at a compound annual growth rate (CAGR) of 29.43% from FY2018 to FY2023, going from $2.86B to $10.39B over 5 years.
Year-over-year comparison from 10-K annual reports
| Period | Value | Change | Source |
|---|---|---|---|
| FY2023 | $10.39B | +329.1% | 10-K |
| FY2022 | $2.42B | +397.3% | 10-K |
| FY2021 | $487.0M | -64.2% | 10-K |
| FY2020 | $1.36B | -64.2% | 10-K |
| FY2019 | $3.80B | +32.7% | 10-K |
| FY2018 | $2.86B | +67.7% | 10-K |
| FY2017 | $1.71B | +35.3% | 10-K |
| FY2016 | $1.26B | +20.7% | 10-K |
| FY2015 | $1.04B | +15.3% | 10-K |
| FY2014 | $906.0M | +5.3% | 10-K |
| FY2013 | $860.0M | -21.4% | 10-K |
| FY2012 | $1.09B | -26.8% | 10-K |
| FY2011 | $1.49B | -22.2% | 10-K |
| FY2010 | $1.92B | -36.1% | 10-K |
| FY2009 | $3.00B | +22.7% | 10-K |
| FY2008 | $2.45B | -23.5% | 10-K |
| FY2007 | $3.20B | - | 10-K |