PNC Financial Services, Inc.

The PNC Financial Services Group, Inc., commonly known as PNC, is a prominent American bank holding company and diversified financial services corporation. Headquartered in Pittsburgh, Pennsylvania, the company was formed in 1983 through the merger of Pittsburgh National Corporation and Provident National Corporation, though its institutional roots trace back to 1845. PNC is publicly traded on the New York Stock Exchange under the ticker symbol PNC and is a component of the S&P 500. As of March 31, 2026, PNC reported $603 billion in assets and approximately 58,000 employees. In 2025, the company reported a net income of $7 billion.

PNC operates as an active financial services provider, offering a comprehensive suite of products and services. These include retail banking, commercial banking, wealth and asset management, mortgage services, corporate banking, and real estate lending. Through its banking subsidiary, PNC Bank, N.A., it maintains an extensive network of branches and ATMs across 27 states and the District of Columbia.

In terms of patent litigation, PNC Financial Services Group operates as an operating company that primarily defends against patent assertions. The provided case data shows PNC as a plaintiff in one tracked case, Bank of America, N.A. et al. v. Intellectual Ventures I LLC, which took place at the Patent Trial and Appeal Board (PTAB). This posture, initiating a PTAB action as a plaintiff against a known Non-Practicing Entity (NPE) like Intellectual Ventures, indicates a defensive strategy to challenge the validity of asserted patents.

Beyond the tracked case, PNC has faced patent infringement lawsuits from other NPEs, such as AuthWallet, LLC and Dynapass IP Holdings, related to mobile banking and authentication technologies. The company has also engaged in proactive measures, filing declaratory judgment actions to invalidate patents and avoid litigation, as seen in a 2012 case against Maxim Integrated Products Inc. concerning mobile payment applications. Additionally, PNC was involved in a significant dispute with USAA regarding mobile-deposit technology patents, leading to a substantial verdict against PNC that was later overturned on appeal in 2025.