PNC doubles its branch expansion plans [Yahoo! Finance]
Piper Sandler Companies (PIPR)
Last piper sandler companies earnings: 5/1 08:04 am
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Source: Yahoo! Finance
The superregional bank will spend an additional $500 million to build more than 100 branches in Atlanta, Charlotte, Orlando, Phoenix, Raleigh and Tampa, and renovate 200 existing locations around the country over the next five years, executives announced Friday. That's on top of the Pittsburgh-based company's previously announced $1 billion plan to open 100 new branches in Austin, Dallas, Denver, Houston, Miami and San Antonio, and renovate more than 1,200 others. PNC will build 40 branches in Miami, rather than the five it originally planned, due to "strong success" with the branches it has already opened in that market, a company spokesperson said in an email Friday. Miami is one of the fastest-growing cities in the country. "As we've said many times, scale matters more today than ever before in banking," PNC President Michael Lyons said Friday at the BancAnalysts of Boston conference. "So our focus is squarely on profitable and responsible growth, not shrinking or divesting.
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PIPR
Earnings
- 10/25/24 - Beat
PIPR
Sec Filings
- 11/8/24 - Form 4
- 11/8/24 - Form 4
- 11/7/24 - Form 144
- PIPR's page on the SEC website