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Jun 30, 2021
PNC Q2 2021 Earnings Report
PNC's earnings increased driven by the acquisition of BBVA USA Bancshares Inc. and strong performance across its business segments.
Key Takeaways
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 acquired BBVA USA Bancshares Inc. on June 1, 2021, adding $82.2 billion of deposits and $60.5 billion of loans to PNC's Consolidated Balance Sheet.
Second quarter earnings reflect BBVA's acquired business operations for the month of June 2021.
Net interest income increased to $2,581 million.
Total revenue reached $4,667 million.
Revenue by Segment
Forward Guidance
PNC did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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