Revenue segments as reported by the company.

Net interest income

Noninterest income

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Provision For (Recapture of) Credit Losses

Noninterest Expense

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

PNC Financial Services

PNC owns 22% of BlackRock, the largest asset management firm in the world by assets under management. This ownership interest had a market value of $17.9 billion as of December 31, 2017.

BlackRock

Citizens National Bank was founded on July 11, 1890 in Laurel, Maryland as Citizens National Bank of Laurel.The bank's founder and first president was Charles H. Stanley. On April 1, 1965, it was renamed to Citizens National Bank after merging with The Central Bank of Howard County. On September 15, 2007, Citizens National was acquired by PNC Bank, National Association.

Citizens National Bank

The PNC Financial Services Group, Inc. is a holding company, which engages in the provision of financial services. It operates through the following segments: Retail Banking, Corporate and Institutional Banking, Asset Management Group, and Other. The Retail Banking segment offers deposit, lending, brokerage, investment management, and cash management products and services to consumer and small business customers. The Corporate and Institutional segment covers the lending, treasury management, and capital markets-related products and services to mid-sized and large corporations, government, and not-for-profit entities. The Asset Management Group segment includes personal wealth management for high net worth and ultra-high net worth clients and institutional asset management. The company was founded in 1983 and is headquartered in Pittsburgh, PA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

PNC Financial Services posts solid Q4 results amid economic uncertainties

PNC Financial Services delivered strong financial results in Q4 2022, driven by solid loan growth and capital management initiatives.
While facing challenges related to potential economic downturn and expense management, the company remains well-positioned with a focus on customer relationships.
Opportunities for growth lie in expanding loan and revenue streams, optimizing asset management strategies, and enhancing operational efficiency.
Overall, PNC's performance reflects resilience amidst economic uncertainties, with a strategic focus on capital strength and customer-centric operations.

PNC Financial Services reports robust Q1 earnings amidst industry shifts

PNC Financial Services Group's Q1 performance reflects strength in earnings, balance sheet stability, and strategic execution.
While facing challenges such as softened loan demand and disruptions in certain business segments, PNC remains proactive in risk management.
Opportunities lie in leveraging market changes, growing market share, and maintaining regulatory compliance for sustained success.
Investors can find confidence in PNC's solid credit quality, capital management, and focus on long-term growth strategies.

PNC Financial Services reports solid Q2 earnings amidst M&A challenges

PNC Financial Services delivered a strong Q2 performance with a focus on expense control and credit quality. Challenges include declining net interest income and hurdles to M&A expansion. Opportunities exist in noninterest income growth and prudent expense management.

PNC Financial Services reports robust Q3 results amid economic uncertainties

PNC Financial Services Group's Q3 2023 performance showcased strong financial results, robust credit quality, and strategic expense management amidst economic uncertainties.
While facing challenges such as declining loan balances and net interest margin, the company remains focused on capital strengthening, customer-centric initiatives, and operational efficiency.
Opportunities in stable fee income, technological advancements, and market expansion present avenues for growth and profitability in the evolving financial landscape.

PNC Financial Services reports solid Q4 performance and eyes growth opportunities

PNC's Q4 performance was strong with a focus on expense control.
Challenges include credit charge-offs and declining revenue expectations.
Opportunities lie in commercial loan growth and fee income expansion.
Overall, PNC is well-positioned for growth despite regulatory uncertainties.

PNC Financial Services reports solid Q1 earnings amidst industry consolidation concerns

PNC's Q1 performance reflects financial stability and strategic investments, supported by strong liquidity and capital reserves. While challenges in commercial real estate and industry consolidation loom, opportunities in fee-based businesses and asset repositioning offer growth potential.

PNC Financial Services reports robust Q2 earnings and strategic growth

PNC Financial Services Group excelled in Q2 2024, balancing growth and capital management effectively.
While facing expected challenges in the credit environment, the company capitalized on opportunities for future growth.
Strengthened financial metrics and shareholder returns position PNC well for continued success.
Strategic initiatives like the new credit card and capital deployment enhance value for stakeholders.

PNC Financial Services reports robust Q3 earnings and eyes organic growth opportunities

PNC Financial Services Group's Q3 2024 performance reflects strength in earnings, operating leverage, and balance sheet metrics.
While facing challenges in loan growth and deposit pricing, the company remains optimistic about organic growth opportunities.
Strategic focus on credit quality, capital strength, and future growth investments positions PNC well for the medium term.
Management's cautious approach to loan growth and market conditions guide the company's strategic decisions for sustainable growth.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

PITTSBURGH , 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.

The PNC Financial Services Group Announces Third Quarter Conference Call Details

Coca-Cola European Partners plc

Comcast

Darden Restaurants

Evergy Inc

Interpublic Group of Companies

Sirius XM Holdings Inc

SPDR S&P 500 ETF Trust

Vanguard High Dividend Yield ETF

WEC Energy Group

Essential Utilities

Xcel Energy

The bull run continues for SPY in August, with the ETF adding 2.34% to its year-to-date return. The watchlist posts two very strong back-to-back months of 5%+ returns. The top 10 stocks on the watchlist for September 2024 offer a 3.59% dividend yield, more than double the S&P 500.

My Top 10 High-Yield Dividend Stocks For September 2024

PNC hits a new 52-week high driven by the Fed's indication of a rate cut starting next month.

PNC Financial Hits 52-Week High: Is the Stock Worth Investing?

Annual Financial Wellness in the Workplace Report Highlights Workplace Stressors, Benefits Needs and Financial Goals Across Generations PITTSBURGH , Aug. 28, 2024 /PRNewswire/ -- PNC Bank today released findings from its second annual Financial Wellness in the Workplace Report entitled, "The Evolving Needs of the Multigenerational American Workforce," which summarizes survey data and in-depth interviews from more than 1,000 U.S. workers and more than 500 U.S. employers to better understand the financial health and wellness of today's workforce. Perhaps unsurprising in the current turbulent macroeconomic environment, the survey findings show that employers are continuing to feel the squeeze financially with the increased costs of benefits, worker retention and recruiting.

PNC Bank Survey Reveals Varying Financial Wellness Needs Across America's Most Generationally Diverse Workforce

PITTSBURGH , Aug. 26, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chairman and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q.

PNC Executives To Speak At Barclays Global Financial Services Conference

BofA Securities analyst Ebrahim H. Poonawala upgraded PNC Financial Services Group, Inc. PNC to Buy from Neutral, raising the price objective to $200 from $185.

PNC Financial Upgraded: Analyst Highlights Company's Ability To Capitalize Opportunities From Market Dislocations

Citigroup

JPMorgan Chase & Co

It's been a challenging start to the third quarter of 2024 for many stocks throughout the financial sector, and banking is no different. However, plenty of indicators suggest that the brightest bank stocks on Wall Street are well-placed to mount a recovery for investors.

3 Bank Stocks to Buy on the Dip: August 2024

PNC Financial (PNC) is well poised to benefit from a solid balance sheet and strategic initiatives and acquisitions.

PNC Financial (PNC) Up 19.3% in Six Months: Will It Continue?

Archer-Daniels-Midland Company

Bank of America

Bank of New York Mellon

Citizens Financial Group

Comerica

CVS Health

Fifth Third Bancorp

Morgan Stanley

M&T Bank

Bank OZK

Pfizer

Prudential Financial

Synchrony Financial

U.S. stocks typically do especially well during August in presidential election years like this one. On average since its inception in 1896, the Dow Jones Industrial Average DJIA has gained 2.8% in August of a presidential election year.

16 stocks to exploit August's explosive election-year gains

Truist Financial

Investors with an interest in Banks - Major Regional stocks have likely encountered both Truist Financial Corporation (TFC) and The PNC Financial Services Group, Inc (PNC). But which of these two stocks is more attractive to value investors?

TFC or PNC: Which Is the Better Value Stock Right Now?

Does The PNC Financial Services Group, Inc (PNC) have what it takes to be a top stock pick for momentum investors? Let's find out.

The PNC Financial Services Group, Inc (PNC) Is Up 7.70% in One Week: What You Should Know

Shares of PNC Financial Services Group Inc PNC were climbing in early trading on Wednesday, after the company reported strong second-quarter results.

PNC Financial Services Beats Q2 Expectations, Analysts Raises Earnings Estimates For 2024 And 2025

PNC Financial Services Group saw expected increases in total nonperforming loans and net loan charge-offs in the second quarter. The increases were primarily due to high commercial nonperforming loans and higher commercial real estate (CRE) net loan charge-offs, the bank said in a Tuesday (July 16) earnings release.

PNC: Commercial Real Estate Drives 8% Rise in Net Loan Charge-Offs

While the top- and bottom-line numbers for The PNC Financial Services Group (PNC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About The PNC Financial Services Group (PNC) Q2 Earnings

Goldman Sachs analyst Richard Ramsden anticipates a neutral investor response to PNC Financial Services Group, Inc.‘s  PNC stronger results and updated FY24 guidance.

Goldman Sachs Maintains Neutral on PNC Despite Strong Results, Cites Modest FY24 Outlook

The PNC Financial Services Group, Inc. (NYSE:PNC ) Earnings Conference Call July 16, 2024 10:00 AM ET Company Participants Bryan Gill - Director of IR William Demchak - Chairman, President & CEO Robert Reilly - EVP & CFO Conference Call Participants Betsy Graseck - Morgan Stanley John Pancari - Evercore Erika Najarian - UBS Scott Siefers - Piper Sandler Ebrahim Poonawala - Bank of America Bill Carcache - Wolfe Research Ken Usdin - Jefferies Mike Mayo - Wells Fargo Matt O'Connor - Deutsche Bank Gerard Cassidy - RBC Operator Greetings, and welcome to The PNC Financial Services Group Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

The PNC Financial Services Group, Inc. (PNC) Q2 2024 Earnings Call Transcript

PNC Financial (PNC) shares surged over 4% Tuesday after the bank reported second-quarter profit and revenue that beat analysts' estimates. The bank also gave a stronger outlook for net interest income (NII).

PNC Stock Surges on Q2 Revenue, Earnings Beat

The rise in non-interest income and higher loan balance support PNC Financial's (PNC) Q2 earnings, while lower net interest income and a rise in provisions act as headwinds.

PNC Financial (PNC) Q2 Earnings Beat on Higher Fee Income

The PNC Financial Services Group, Inc (PNC) came out with quarterly earnings of $3.30 per share, beating the Zacks Consensus Estimate of $3 per share. This compares to earnings of $3.36 per share a year ago.

The PNC Financial Services Group, Inc (PNC) Tops Q2 Earnings and Revenue Estimates

PNC Financial reported an increase in second-quarter profit on Tuesday as higher fees from underwriting and advising on deals helped the bank offset a decline in interest income.

PNC Financial's second-quarter profit rises on higher fee income

Generated positive operating leverage; grew NII and NIM; maintained 2.5% SCB requirement Increased 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% Pretax, pre-provision earnings (PPNR) (non-GAAP) 2,054 1,811 1,921 –  NII and NIM increased Provision for credit losses 235 155 146 ▪   Noninterest expense increased 1% Net income 1,477 1,344 1,500 ▪   Gain on Visa share exchange of$754 million substantially offset by other significant items, resulting in a 9 cent benefit to EPS Per Common Share Diluted earnings per share (EPS) $      3.39 $      3.10 $      3.36 Balance Sheet Average diluted common shares outstanding 400 400 401 ▪   Average loans and deposits were relatively stable Book value 116.70 113.30 105.67 Tangible book value (TBV) (non-GAAP) 89.12 85.70 77.80 ▪   Average securities increased 4% ▪   Net loan charge-offs were $262 million, or 0.33% annualized to average loans Balance Sheet & Credit Quality Average loans    In billions $    319.9 $    320.6 $    324.5 ▪   ACL to total loans stable at 1.7% Average securities    In billions 141.3 135.4 141.0 ▪   AOCI improved $0.6 billion, including securities repositioning impact Average deposits    In billions 417.2 420.2 425.7 Accumulated other comprehensive income (loss) (AOCI) In billions (7.4) (8.0) (9.5) ▪   TBV per share increased 4% Net loan charge-offs 262 243 194 ▪   Maintained strong capital position Allowance for credit losses (ACL) to total loans 1.67 % 1.68 % 1.68 % –  CET1 capital ratio of 10.2% –  Maintained regulatory minimum Stress Capital Buffer (SCB) of2.5% Selected Ratios Return on average common shareholders' equity 12.16 % 11.39 % 13.01 % –  Increased quarterly common stockdividend 5 cents to $1.60 per share on July 2, 2024 Return on average assets 1.05 0.97 1.08 Net interest margin (NIM) (non-GAAP) 2.60 2.57 2.79 Noninterest income to total revenue 39 37 34 Efficiency 62 65 64 Common equity Tier 1 (CET1) capital ratio 10.2 10.1 9.5 See non-GAAP financial measures in the Consolidated Financial Highlights accompanying this release.

PNC Reports Second Quarter 2024 Net Income of $1.5 Billion, $3.39 Diluted EPS

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for The PNC Financial Services Group (PNC), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.

Curious about The PNC Financial Services Group (PNC) Q2 Performance? Explore Wall Street Estimates for Key Metrics

PNC Financial's (PNC) second-quarter 2024 results are likely to be driven by an improved lending scenario and an increase in fee income, offset by rising expenses and higher provisions.

PNC Financial (PNC) to Post Q2 Earnings: Here's What to Expect

Merck

Sabra Health Care

AT&T

24/7 Insights With the S&P 500 up 15% year-to-date, a correction could be coming in the third quarter.

Deutsche Bank Has 4 Sizzling ‘Fresh Money' Dividend Stock Picks for Q3

The PNC Financial Services Group (PNC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

News for PNC Financial Services Stock (PNC)