PNC earnings
PNC Financial Services Group Inc. (PNC) earnings releases and earnings dates - real-time wire coverage of every quarterly report.
Recent earnings items
- The PNC Financial Services Group Announces Second Quarter Conference Call DetailsPITTSBURGH, June 3, 2026 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) expects to issue financial results for the second quarter 2026 at approximately 6:30 a.m. (ET), Wednesday, July 15, 2026, as previously announced. PNC Chairman and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 10 a.m. (ET).Dial in numbers are (866) 604-1697 and (215) 268-9875 (international). The following will be accessible at www.pnc.com/investorevents: a link to the live audio webcast on the day of the conference call; presentation slides, earnings release and supplementar
- PNC Reports First Quarter 2026 Net Income of $1.8 Billion, $4.13 Diluted EPS or $4.32 as AdjustedNII increased 6%, NIM of 2.95%; grew average loans 7%; ~$700 million of share repurchasesPITTSBURGH, April 15, 2026 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) today reported:For the quarterIn millions, except per share data and as noted1Q264Q251Q25First Quarter HighlightsFinancial ResultsComparisons reflect 1Q26 vs. 4Q25Net interest income (NII)$ 3,961$ 3,731$ 3,476 Income StatementFirst quarter results include FirstBank operations since acquisition close on Jan. 5th 2026Adjusted EPS was $4.32, excluding FirstBank integration costs of $98 million, pre-taxRevenue increased 2%NII increased 6%; NIM of 2.95% increased 11 bpsFee income decreased 2% O
- PNC Announces Details for First Quarter 2026 Earnings Conference Call, Virtual-Only Annual Shareholders MeetingPITTSBURGH, March 4, 2026 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) announces the details for its first quarter 2026 earnings conference call and its 2026 Annual Meeting of Shareholders. First Quarter 2026 Earnings Announcement and Conference Call – Wednesday, April 15PNC expects to issue financial results for the first quarter of 2026 at approximately 6:30 a.m. (ET), Wednesday, April 15, 2026, as previously announced. On the same day, at 10 a.m. (ET), Chairman and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financia
- PNC Reports Full Year 2025 Net Income of $7.0 Billion, $16.59 Diluted EPSGenerated Record Revenue and 5% Positive Operating Leverage Increases Planned Share Repurchases Fourth Quarter 2025 net income was $2.0 Billion, $4.88 Diluted EPS Grew NII, NIM and noninterest income; increased loans and deposits Closed FirstBank Acquisition on Jan. 5, 2026 PITTSBURGH, Jan. 16, 2026 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) today reported: For the quarter For the year In millions, except per share data and as noted 4Q25 3Q25 2025 2024 Fourth Quarter Highlights Financial Results Comparisons reflect 4Q25 vs. 3Q25 Net interest income (NII) $ 3,731 $ 3,648 $ 14,410 $ 13,499 Income Statement Record revenue of $6.1 billion increased 3
- The PNC Financial Services Group Announces Fourth Quarter and Full Year Conference Call DetailsPITTSBURGH, Dec. 5, 2025 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) expects to issue financial results for the fourth quarter and full year 2025 at approximately 6:30 a.m. (ET) and hold a conference call for investors at 9 a.m. (ET), Friday, Jan. 16, 2026, as previously announced. PNC Chairman and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will participate in the conference call. Dial in numbers are (866) 604-1697 and (215) 268-9875 (international). The following will be accessible
- Trupanion Reports Strong Third Quarter 2025 Results and Secures New Credit FacilitySEATTLE, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Trupanion, Inc. (NASDAQ:TRUP), a leading provider of medical insurance for cats and dogs, today announced financial results for the third quarter ended September 30, 2025. "We delivered record quarterly profitability while accelerating subscription pet growth for the third consecutive quarter," said Margi Tooth, Chief Executive Officer and President of Trupanion. "With a strong financial foundation, we have the flexibility to invest where it matters most - driving sustainable growth and expanding access to care. Our disciplined model continues to generate meaningful cash flow, positioning us to build on this momentum in the quarters ahead." Th
- PNC Reports Third Quarter 2025 Net Income of $1.8 Billion, $4.35 Diluted EPSRecord revenue; 8% noninterest income growth; strong credit quality Announced agreement to acquire FirstBank on Sept. 8, 2025 PITTSBURGH, Oct. 15, 2025 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) today reported: For the quarter In millions, except per share data and as noted 3Q25 2Q25 3Q24 Third Quarter Highlights Financial Results Comparisons reflect 3Q25 vs. 2Q25 Net interest income (NII) $ 3,648 $ 3,555 $ 3,410 Income Statement ▪ PPNR increased 8%; generated 2% positive operating leverage ▪ Revenue increased 4% – NII increased 3%; NIM of 2.79% declined 1 bp driven by 5% avg. commercial deposit growth – Fee
- The PNC Financial Services Group Announces Third Quarter Conference Call DetailsPITTSBURGH, Sept. 3, 2025 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) expects to issue financial results for the third quarter 2025 at approximately 6:30 a.m. (ET), Wednesday, Oct. 15, 2025, as previously announced. PNC Chairman and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 11 a.m. (ET). Dial in numbers are (866) 604-1697 and (215) 268-9875 (international). The following will be accessible at www.pnc.com/investorevents: a link to the live audio webcast on the day of the conference call; presentation slides, earnings release and supplementa
- PNC Reports Second Quarter 2025 Net Income of $1.6 Billion, $3.85 Diluted EPSStrong loan growth; 4% positive operating leverage; stable credit quality Quarterly common stock dividend increased 10 cents to $1.70 per share on July 3, 2025 PITTSBURGH, July 16, 2025 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) today reported: For the quarter In millions, except per share data and as noted 2Q25 1Q25 2Q24 Second Quarter Highlights Financial Results Comparisons reflect 2Q25 vs. 1Q25 Net interest income (NII) $ 3,555 $ 3,476 $ 3,302 Income Statement ▪ Generated 4% positive operating leverage; PPNR increased 10% ▪ Revenue increased 4% – NII increased 2%; NIM expanded 2 bps to 2.80% – Fee income increased 3% – Other n
- The PNC Financial Services Group Announces Second Quarter Conference Call DetailsPITTSBURGH, June 3, 2025 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) expects to issue financial results for the second quarter 2025 at approximately 6:30 a.m. (ET), Wednesday, July 16, 2025, as previously announced. PNC Chairman and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 10 a.m. (ET). Dial in numbers are (866) 604-1697 and (215) 268-9875 (international). The following will be accessible at www.pnc.com/investorevents: a link to the live audio webcast on the day of the conference call; presentation slides, earnings release and supplementa
- PNC Reports First Quarter 2025 Net Income of $1.5 Billion, $3.51 Diluted EPSExpanded NIM; increased capital and TBV; maintained solid credit quality metrics PITTSBURGH, April 15, 2025 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) today reported: For the quarter In millions, except per share data and as noted 1Q25 4Q24 1Q24 First Quarter Highlights Financial Results Comparisons reflect 1Q25 vs. 4Q24 Net interest income $ 3,476 $ 3,523 $ 3,264 Income Statement ▪ Net interest income decreased 1% driven by two fewer days in the quarter, partially offset by the benefit of lower funding costs and fixed rate asset repricing – NIM expanded 3 bps to 2.78% ▪ Fee income decreased 2% due to a slowdown in capital ma
- The PNC Financial Services Group Announces First Quarter 2025 Earnings Conference Call, Virtual-Only Annual Shareholders Meeting DetailsPITTSBURGH, March 4, 2025 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) expects to issue financial results for the first quarter of 2025 at approximately 6:30 a.m. (ET), Tuesday, April 15, as previously announced. PNC Chairman and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 10 a.m. (ET). Separately, PNC will hold its Annual Meeting of Shareholders at 11 a.m. (ET), Wednesday, April 23, in a virtual-only format. Event details are as follows: First Quarter 2025 Earnings Investor Conference Call: Tuesday, April 15, at 10 a.m. (ET) Dial-in numbers
- PNC Reports Full Year 2024 Net Income of $6.0 Billion, $13.74 Diluted EPSGenerated Positive Operating LeverageFourth Quarter 2024 net income was $1.6 billion, $3.77 diluted EPSGrew NII and NIM; increased deposits and capital PITTSBURGH, Jan. 16, 2025 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) today reported: For the quarter For the year In millions, except per share data and as noted 4Q24 3Q24 2024 2023 Fourth Quarter Highlights Financial Results Comparisons reflect 4Q24 vs. 3Q24 Net interest income (NII) $ 3,523 $ 3,410 $ 13,499 $ 13,916 Income Statement ▪ Net interest income increased 3% and NIM expanded 11 bps ▪ Fee income decreased 4%, due to elevated 3Q24 residential mortgage and capita
- The PNC Financial Services Group Announces Fourth Quarter and Full Year Conference Call DetailsPITTSBURGH, Dec. 5, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) expects to issue financial results for the fourth quarter and full year 2024 at approximately 6:30 a.m. (ET), Thursday, Jan. 16, 2025, as previously announced. PNC Chairman and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 10 a.m. (ET). Dial in numbers are (866) 604-1697 and (215) 268-9875 (international). The following will be accessible at www.pnc.com/investorevents: a link to the live audio webcast on the day of the conference call; presentation slides, earnings release an
- PNC Reports Third Quarter 2024 Net Income of $1.5 Billion, $3.49 Diluted EPSGenerated positive operating leverage; grew NII; substantially increased fee income and TBV PITTSBURGH, Oct. 15, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) today reported: For the quarter In millions, except per share data and as noted 3Q24 2Q24 3Q23 Third Quarter Highlights Financial Results Comparisons reflect 3Q24 vs. 2Q24 Net interest income (NII) $ 3,410 $ 3,302 $ 3,418 Income Statement ▪ Generated 1% positive operatingleverage ▪ Revenue stable; noninterest expense decreased 1%; PPNR increased 2% • NII grew 3%; NIM increased 4 bps • Fee income increased 10%, and included strong capital markets and advisory revenue • Other noninte
- The PNC Financial Services Group Announces Third Quarter Conference Call DetailsPITTSBURGH, Sept. 3, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) expects to issue financial results for the third quarter 2024 at approximately 6:30 a.m. (ET), Tuesday, Oct. 15, 2024, as previously announced. PNC Chairman and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 10 a.m. (ET). Dial in numbers are (866) 604-1697 and (215) 268-9875 (international). The following will be accessible at www.pnc.com/investorevents: a link to the live audio webcast on the day of the conference call; presentation slides, earnings release and supplementary
- PNC Reports Second Quarter 2024 Net Income of $1.5 Billion, $3.39 Diluted EPSGenerated positive operating leverage; grew NII and NIM; maintained 2.5% SCB requirementIncreased quarterly common stock dividend 5 cents to $1.60 per share on July 2, 2024 PITTSBURGH, July 16, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) today reported: For the quarter In millions, except per share data and as noted 2Q24 1Q24 2Q23 Second Quarter Highlights Financial Results Comparisons reflect 2Q24 vs. 1Q24 Net interest income (NII) $ 3,302 $ 3,264 $ 3,510 Income Statement Noninterest income 2,109 1,881 1,783 ▪ Generated positive operating leverage; PPNR increased 13% Revenue 5,411 5,145 5,293 Noninterest expense 3,357 3,334 3,372 ▪ Revenue increased 5
- The PNC Financial Services Group Announces Second Quarter Conference Call DetailsPITTSBURGH, June 4, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) expects to issue financial results for the second quarter 2024 at approximately 6:30 a.m. (ET), Tuesday, July 16, 2024, as previously announced. PNC Chairman and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 10 a.m. (ET). Dial in numbers are (866) 604-1697 and (215) 268-9875 (international). The following will be accessible at www.pnc.com/investorevents: a link to the live audio webcast on the day of the conference call; presentation slides, earnings release and supplementary
- PNC Reports First Quarter 2024 Net Income of $1.3 Billion, $3.10 Diluted EPS, or $3.36 Excluding a $130 Million FDIC Special AssessmentGrew liquidity and capital; reduced expenses; credit quality stable PITTSBURGH, April 16, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) today reported: For the quarter In millions, except per share data and as noted 1Q24 4Q23 1Q23 First Quarter Highlights Financial Results Comparisons reflect 1Q24 vs. 4Q23 Revenue $ 5,145 $ 5,361 $ 5,603 Income Statement ▪ Revenue decreased 4% ▪ Core noninterest expenses declined 6% ▪ Generated positive operating leverage; efficiency improved ▪ Provision for credit losses of $155 million Balance Sheet ▪ Average loans decreased 1% ▪ Average deposits decreased 1% – Spot deposits increased 1% ▪ ACL to total loans st
- The PNC Financial Services Group Announces First Quarter 2024 Earnings Conference Call, Virtual-Only Annual Shareholders Meeting DetailsPITTSBURGH, March 5, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) expects to issue financial results for the first quarter of 2024 at approximately 6:45 a.m. (ET), Tuesday, April 16, as previously announced. PNC Chairman and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 10 a.m. (ET). Separately, PNC will hold its Annual Meeting of Shareholders at 11 a.m. (ET), Wednesday, April 24, in a virtual-only format. Event details are as follows: First Quarter 2024 Earnings Investor Conference Call: Tuesday, April 16, at 10 a.m. (ET) Dial-in numbers:
- PNC Reports Full Year 2023 Net Income of $5.6 Billion, $12.79 Diluted EPS or $14.10 as AdjustedFourth quarter 2023 net income was $0.9 billion, $1.85 diluted EPS or $3.16 as adjusted Grew revenue; increased average loans and deposits PITTSBURGH, Jan. 16, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) today reported: For the quarter For the year In millions, except per share data and as noted 4Q23 3Q23 2023 2022 Fourth Quarter Highlights Financial Results Comparisons reflect 4Q23 vs. 3Q23 Revenue $ 5,361 $ 5,233 $ 21,490 $ 21,120 Income Statement ▪ Revenue increased 2% due to strong noninterest income growth ▪ Core noninterest expense increased 5% primarily reflecting higher business activity – Core noninterest expense excludes $51
- The PNC Financial Services Group Announces Fourth Quarter and Full Year Earnings Conference Call DetailsPITTSBURGH, Dec. 5, 2023 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) expects to issue financial results for the fourth quarter and full year 2023 at approximately 6:30 a.m. (ET), Tuesday, Jan. 16, 2024, as previously announced. PNC Chairman, President and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 11 a.m. (ET). Dial in numbers are (800) 728-2056 and (312) 429-0440 (international). The following will be accessible at www.pnc.c
- PNC Reports Third Quarter 2023 Net Income of $1.6 Billion, $3.60 Diluted EPSGenerated positive operating leverage; increased pretax, pre-provision earningsGrew capital and tangible book value PITTSBURGH, Oct. 13, 2023 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) today reported: For the quarter In millions, except per share data and as noted 3Q23 2Q23 3Q22 Third Quarter Highlights Financial Results Comparisons reflect 3Q23 vs. 2Q23 Revenue $ 5,233 $ 5,293 $ 5,549 Income Statement ▪ Generated positive operating leverage of 3% ▪ Revenue declined 1% ▪ Expenses were well controlled, decreasing 4% ▪ PPNR increased 3% ▪ Provision for credit losses of $129 million Balance Sheet ▪ Average loans decreased 2% ▪ Average d
- The PNC Financial Services Group Announces Third Quarter Earnings Conference Call DetailsPITTSBURGH, Sept. 1, 2023 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) expects to issue financial results for the third quarter at approximately 6:30 a.m. (ET), Friday, Oct. 13, 2023, as previously announced. PNC Chairman, President and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 11 a.m. (ET). Dial in numbers are (877) 272-3498 and (303) 223-4380 (international). The following will be accessible at www.pnc.com/investorevents: a link to the live audio webcast on the day of the conference call; presentation slides, earnings release and suppleme
- PNC REPORTS SECOND QUARTER 2023 NET INCOME OF $1.5 BILLION, $3.36 DILUTED EPSIncreased capital; strong credit quality; 4Q23 SCB requirement of 2.5% Raised quarterly common stock dividend 5 cents to $1.55 per share on July 3, 2023 PITTSBURGH, July 18, 2023 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) today reported: For the quarter In millions, except per share data and as noted 2Q23 1Q23 2Q22 Second Quarter Highlights Comparisons reflect 2Q23 vs. 1Q23 Financial Results Revenue $ 5,293 $ 5,603 $ 5,116 Average Balance Sheet ▪ Stable loans ▪ Deposits decreased 2% ▪ ACL to total loans and net loancharge-offs were stable ▪ Tangible book value increased to $77.80 ▪ CET1 capital ratio increased 30 basis points to 9.5% ▪ Rai
- THE PNC FINANCIAL SERVICES GROUP ANNOUNCES SECOND QUARTER EARNINGS CONFERENCE CALL DETAILSPITTSBURGH, June 6, 2023 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) expects to issue financial results for the second quarter at approximately 6:30 a.m. (ET), Tuesday, July 18, 2023, as previously announced. PNC Chairman, President and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 11 a.m. (ET). Dial in numbers are (877) 272-3498 and (303) 223-4372 (international). The following will be accessible at www.pnc.com/investorevents: a link to the live audio webcast on the day of the conference call; presentation slides, earnings release and supplem
- PNC REPORTS FIRST QUARTER 2023 NET INCOME OF $1.7 BILLION, $3.98 DILUTED EPSGrew deposits; increased capital; generated positive operating leverage PITTSBURGH, April 14, 2023 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) today reported: For the quarter In millions, except per share data and as noted 1Q23 4Q22 1Q22 First Quarter Highlights Comparisons reflect 1Q23 vs. 4Q22 Financial Results Strong Balance Sheet Positioning Revenue $ 5,603 $ 5,763 $ 4,692 ▪ Average deposits increased 0.3%; spot deposits grew $0.5 billion ▪ Average loans increased 1%; spot loans increased $0.5 billion ▪ ACL to total loans stable at 1.7%; net loan charge-offs declined ▪ AOCI improved $1.1 billion, or 10% ▪ Tangibl
- THE PNC FINANCIAL SERVICES GROUP ANNOUNCES FIRST QUARTER 2023 EARNINGS CONFERENCE CALL AND VIRTUAL-ONLY ANNUAL SHAREHOLDERS MEETING DETAILSPITTSBURGH, March 7, 2023 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) expects to issue financial results for the first quarter of 2023, Friday, April 14, as previously announced, at approximately 6:45 a.m. (ET). PNC Chairman, President and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 11 a.m. (ET). Separately, PNC will hold its Annual Meeting of Shareholders Wednesday, April 26, in a virtual-only format. Event details are as follows: First Quarter 2023 Earnings Investor Conference Call: Friday, April 14, at 11 a.m. (ET) Dial-in numbers: (877)
- PNC REPORTS FULL YEAR 2022 NET INCOME OF $6.1 BILLION, $13.85 DILUTED EPS OR $13.96 AS ADJUSTEDFourth quarter net income was $1.5 billion, $3.47 diluted EPS or $3.49 as adjusted 3% avg. loan growth; 4% revenue increase; 10 basis point NIM expansion PITTSBURGH, Jan. 18, 2023 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) today reported: For the quarter For the year In millions, except per share data and as noted 4Q22 3Q22 2022 2021 Fourth Quarter Highlights Financial Results Comparisons reflect 4Q22 vs. 3Q22 Revenue $ 5,763 $ 5,549 $ 21,120 $ 19,211 ▪ Net interest income grew 6% – NIM increased 10 basis points ▪ Noninterest income increased $5 million – Fee income grew 4% ▪ Revenue increased 4% ▪ Expenses increased 6% ▪ PPNR increased 1% ▪ Averag
- THE PNC FINANCIAL SERVICES GROUP ANNOUNCES FOURTH QUARTER AND FULL YEAR EARNINGS CONFERENCE CALL DETAILSPITTSBURGH, Dec. 7, 2022 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) expects to issue financial results for the fourth quarter and full year 2022, at approximately 6:30 a.m. (ET), Wednesday, Jan. 18, 2023, as previously announced. PNC Chairman, President and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 9 a.m. (ET). Dial in numbers are (877) 224-6304 and (303) 223-0120 (international). The following will be accessible at www.pnc.com/investorevents: a link to the live audio webcast on the day of the conference call; presentation slides, earning
- PNC REPORTS THIRD QUARTER 2022 NET INCOME OF $1.6 BILLION, $3.78 DILUTED EPS3% avg. loan growth; 32 basis point NIM expansion; 7% positive operating leverage PITTSBURGH, Oct. 14, 2022 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) today reported: For the quarter In millions, except per share data and as noted 3Q22 2Q22 3Q21 Third Quarter Highlights Financial Results Comparisons reflect 3Q22 vs. 2Q22 Revenue $ 5,549 $ 5,116 $ 5,197 ▪ Operating leverage of 7%, reflecting revenue growth of 8%and expense growth of 1% ▪ Net interest income grew 14% – NIM increased 32 basis points ▪ Noninterest income increased modestly ▪ Efficiency ratio improved to 59% ▪ PPNR increased 21% ▪ Average loans grew 3%, driven bycommercial and consumer loan
- THE PNC FINANCIAL SERVICES GROUP ANNOUNCES THIRD QUARTER EARNINGS CONFERENCE CALL DETAILSPITTSBURGH, Sept. 13, 2022 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) expects to issue financial results for the third quarter at approximately 6:45 a.m. (ET), Friday, Oct. 14, 2022, as previously announced. PNC Chairman, President and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 11 a.m. (ET). Dial in numbers are (877) 402-9101 and (303) 223-4368 (international). The following will be accessible at www.pnc.com/investorevents: a link to the live audio webcast on the day of the conference call; presentation slides, earnings release and supple
- PNC REPORTS SECOND QUARTER 2022 NET INCOME OF $1.5 BILLION, $3.39 DILUTED EPS OR $3.42 AS ADJUSTED5% loan growth; 22 basis point NIM expansion; 7% positive operating leverage PITTSBURGH, July 15, 2022 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) today reported: For the quarter In millions, except per share data and as noted 2Q22 1Q22 2Q21 Second Quarter Highlights Comparisons reflect 2Q22 vs. 1Q22 Financial Results Revenue $ 5,116 $ 4,692 $ 4,667 ▪ Operating leverage of 7%, reflecting revenue growth of 9% and expense growth of 2% ▪ Net interest and noninterest income each grew 9% ▪ NIM increased 22 basis points ▪ PPNR increased 23% ▪ Average loans grew 5%, driven by commercial loan growth ▪ Average deposits decreased 2% ▪ Provision for cre
- THE PNC FINANCIAL SERVICES GROUP ANNOUNCES SECOND QUARTER EARNINGS CONFERENCE CALL DETAILSPITTSBURGH, June 10, 2022 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) expects to issue financial results for the second quarter at approximately 6:30 a.m. (ET), Friday, July 15, 2022, as previously announced. PNC Chairman, President and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 8 a.m. (ET). Dial in numbers are (877) 885-9714 and (212) 231-2906 (international). The following will be accessible at www.pnc.com/investorevents: a link to the live audio webcast on the day of the conference call; presentation slides, earnings release and suppleme
- PNC REPORTS FIRST QUARTER 2022 NET INCOME OF $1.4 BILLION, $3.23 DILUTED EPS OR $3.29 AS ADJUSTEDGrew loans; controlled expenses; maintained strong credit quality Raised quarterly common stock dividend 20% to $1.50 per share on April 1, 2022 PITTSBURGH, April 14, 2022 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) today reported: For the quarter In millions, except per share data and as noted 1Q22 4Q21 1Q21 First Quarter Highlights ▪ Diluted EPS as adjusted was $3.29, excluding $31 million of pre-tax integration costs related to BBVA USA ▪ Revenue decreased 8% linked quarter, primarily driven by lower noninterest income reflecting lower capital markets related revenue and lower business activity ▪ Expenses decreased 16% linked quarter, and 7% excluding integra
- THE PNC FINANCIAL SERVICES GROUP ANNOUNCES FIRST QUARTER 2022 EARNINGS CONFERENCE CALL AND VIRTUAL-ONLY ANNUAL SHAREHOLDERS MEETING DETAILSPITTSBURGH, March 10, 2022 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) expects to issue financial results for the first quarter of 2022, Thursday, April 14, as previously announced, at approximately 6:45 a.m. (ET). PNC Chairman, President and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 11 a.m. (ET). Separately, PNC will hold its Annual Meeting of Shareholders Wednesday, April 27, in a virtual-only format. Event details are as follows: First Quarter 2022 Earnings Investor Conference Call: Thursday, April 14, at 11 a.m. (ET) Dial-in numbers:
- PNC REPORTS FULL YEAR 2021 NET INCOME OF $5.7 BILLION, $12.70 DILUTED EPS OR $14.18 AS ADJUSTEDPITTSBURGH, Jan. 18, 2022 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) today reported: For the quarter For the year In millions, except per share data and as noted 4Q21 3Q21 2021 2020 Fourth Quarter Highlights ▪ Diluted EPS as adjusted was$3.68, excluding $438 million ofpre-tax integration costs relatedto BBVA USA ▪ Approximately 95% ofintegration costs incurred todate ▪ Revenue decreased 1% linked quarter, reflecting lower noninterest income whichincluded the negative impact of$47 million of integration costs ▪ Expenses increased 6% linkedquarter, including integration expenses of $391 million andhigher personnel costs ▪ Provision recapture of $327million ▪ Avera
- The PNC Financial Services Group Announces Fourth Quarter And Full Year Earnings Conference Call DetailsPITTSBURGH, Dec. 9, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) expects to issue financial results for the fourth quarter and full year 2021, at approximately 6:45 a.m. (ET), Tuesday, Jan. 18, 2022, as previously announced. PNC Chairman, President and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 9:30 a.m. (ET). Dial in numbers are (877) 885-9643 and (773) 790-4245 (international). The following will be accessible at www.pnc.com/investorevents: a link to the live audio webcast on the day of the conference call; presentation slides, earnin
- PNC Reports Third Quarter 2021 Net Income Of $1.5 Billion, $3.30 Diluted EPS Or $3.75 As AdjustedPITTSBURGH, Oct. 15, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) today reported: For the quarter In millions, except per share data and as noted 3Q21 2Q21 3Q20 Third Quarter Highlights ▪ Converted BBVA USA customers, employees, systems and branches as of October 12, 2021 – Third quarter results reflect full quarter benefit from BBVA USA – Second quarter results include one month impact of BBVA USA which closed on June 1, 2021 ▪ Diluted EPS as adjusted was $3.75, excluding $243 million of pre-tax integration costs related to BBVA USA ▪ Revenue increased 11% linked quarter driven by the full quarter benefit of BBVA USA and strong fee income growth ▪ Expenses incr
- The PNC Financial Services Group Announces Third Quarter Earnings Conference Call DetailsPITTSBURGH, Sept. 8, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) expects to issue financial results for the third quarter at approximately 6:45 a.m. (ET), Friday, Oct. 15, 2021, as previously announced. PNC Chairman, President and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 9 a.m. (ET). Dial in numbers are (877) 272-3568 and (312) 429-1278 (international). The following will be accessible at www.pnc.com/investorevents: a link to the live audio webcast on the day of the conference call; presentation slides, earnings release and supplemen