PNC Earnings Reports

PNC Financial delivered a robust performance in Q1 2025 with $1.5 billion in net income and $5.45 billion in revenue. Earnings per share came in at $3.51. The bank expanded its net interest margin and maintained strong credit metrics while navigating seasonal declines and slower capital markets activity.

PNC Financial Services Group reported a net income of $1.6 billion, or $3.77 diluted EPS, for Q4 2024. The results reflect an increase in net interest income and net interest margin, as well as growth in average deposits. The company maintained a strong capital position and continued to invest in the future of the franchise.

PNC Financial Services Group reported a strong third quarter in 2024, with positive operating leverage, increased net interest income (NII), substantially increased fee income, and tangible book value (TBV). The company's diluted earnings per share (EPS) was $3.49, and net income reached $1.5 billion.

PNC reported strong second quarter results with a net income of $1.5 billion and diluted EPS of $3.39. The company generated positive operating leverage through revenue growth and well-controlled expenses, while also increasing net interest income and net interest margin. PNC also maintained a strong capital position, with a CET1 capital ratio of 10.2%.

PNC reported a first quarter net income of $1.3 billion, or $3.10 per diluted share. Excluding a $130 million FDIC special assessment, adjusted diluted earnings per share was $3.36. The company focused on growing customers, reducing expenses, and increasing spot deposits while maintaining a strong balance sheet.

PNC Financial Services Group reported a mixed Q4 2023, with net income at $0.9 billion, or $1.85 diluted EPS, which included $525 million of post-tax expenses. Adjusted diluted EPS was $3.16. Revenue increased by 2%, driven by strong noninterest income growth. Average loans increased by 2%, and average deposits grew modestly.

PNC Financial Services Group reported a net income of $1.6 billion, or $3.60 per diluted share, for the third quarter of 2023. The company generated positive operating leverage, controlled expenses, and maintained strong credit quality while increasing capital levels. However, revenue declined slightly due to lower net interest income.

PNC Financial Services Group reported a net income of $1.5 billion for Q2 2023, with diluted EPS of $3.36. The company's capital position remained strong, and the board increased the quarterly common stock dividend by 5 cents to $1.55 per share.

PNC Financial Services Group reported a net income of $1.7 billion, or $3.98 diluted EPS, for the first quarter of 2023. The results reflect the strength of the balance sheet and the power of the national franchise, with deposit growth, increased capital position, and solid financial results. The company controlled expenses well, achieved positive operating leverage, and maintained solid credit quality metrics.

PNC Financial Services Group reported a net income of $1.5 billion, or $3.47 diluted EPS, for the fourth quarter of 2022. The results reflect a 3% average loan growth, a 4% revenue increase, and a 10 basis point NIM expansion. The company capitalized on opportunities across its coast to coast franchise and delivered substantial positive operating leverage.

PNC Financial Services Group reported a net income of $1.6 billion, or $3.78 diluted EPS, for Q3 2022. The results reflect continued strong momentum across the expanded PNC footprint with loan and revenue growth, net interest margin increase, and well-controlled expenses, resulting in substantial positive operating leverage.

PNC Financial Services Group reported a strong second quarter with increased revenue driven by net interest income and noninterest income. The company maintained a solid balance sheet and effectively managed credit quality.

PNC Financial Services Group reported a first quarter 2022 net income of $1.4 billion, or $3.23 per diluted share. Adjusted diluted earnings per share was $3.29, excluding $31 million of pre-tax integration costs related to BBVA USA. The company grew loans, controlled expenses, and maintained strong credit quality. The quarterly common stock dividend was raised by 20% to $1.50 per share.

PNC Financial Services Group reported a net income of $1.306 billion for Q4 2021. The results reflect the inclusion of BBVA USA's operations since its acquisition on June 1, 2021. The company's total revenue was $5.127 billion. Provision for credit losses was a recapture of $327 million. Efficiency ratio was 74%.

PNC Financial Services Group reported a strong third quarter, driven by the acquisition of BBVA USA Bancshares, Inc. The bank's net income attributable to common shareholders was $1.42 billion, or $3.30 per diluted share.

PNC's second quarter 2021 earnings reflect BBVA's acquired business operations for the month of June 2021 and PNC's balance sheet dated June 30, 2021 includes BBVA's balances. PNC's previously disclosed amounts do not include BBVA amounts. Net income attributable to common shareholders was $1,042 million, or $2.43 per diluted share.

PNC Financial Services Group reported a net income of $1.826 billion for the first quarter of 2021. The total revenue was $4.220 billion, and the diluted earnings per share were $4.10.

PNC Financial Services Group reported net income of $1.46 billion for the fourth quarter of 2020. Total revenue was $4.21 billion, and the company benefited from a recapture of credit losses. The pending acquisition of BBVA USA Bancshares, Inc. was announced in November 2020.

PNC Financial Services Group reported net income of $1.53 billion for the third quarter of 2020, which includes $4.39 billion from discontinued operations. The provision for credit losses was $52 million. Total revenue was $4.28 billion.

PNC Financial Services Group reported a net income of $3.655 billion for the second quarter of 2020, which includes a gain on sale of BlackRock shares of $4.3 billion. Excluding discontinued operations, the company experienced a net loss from continuing operations of $744 million. The results were significantly impacted by a large provision for credit losses of $2.463 billion.

PNC Financial Services Group reported a decrease in net income attributable to common shareholders for Q1 2020 compared to Q1 2019, driven by a substantial increase in the provision for credit losses, largely due to the adoption of the CECL standard and the economic impact of COVID-19. Despite the challenges, total revenue remained relatively stable.

PNC Financial Services Group reported a strong fourth quarter in 2019, with net income reaching $1.4 billion and diluted earnings per share at $2.97. The bank's total revenue grew by 3% driven by higher noninterest income.