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Dec 31, 2020
PNC Q4 2020 Earnings Report
PNC's Q4 2020 performance reflected solid results amidst economic uncertainty, driven by strong fee income and disciplined expense management.
Key Takeaways
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.
Net income attributable to common shareholders was $1.39 billion, or $3.26 per diluted common share.
Total revenue was $4.21 billion.
The company had a recapture of credit losses of $254 million.
PNC announced a definitive agreement to acquire BBVA USA Bancshares, Inc. for $11.6 billion in cash.
PNC
PNC
PNC Revenue by Segment
Revenue by Segment
Retail Banking Revenue
CapyFin.comAsset Management Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the document.
Revenue & Expenses
Visualization of income flow from segment revenue to net income