PNC Financial Services Group Inc The
PNC-
PNC Financial Services declined 0.6% to $126.25 after the regional bank reported lower-than-expected revenue in its latest quarter.
Revenue increased to $5.3 billion from $5.1 billion and net income edged up $1.5 billion from $1.49 billion and diluted earnings per share edged down to $3.36 from $3.39 a year ago.
Tangible book value per share increased to $77.80 from $74.39 from a year ago.
Average loans in the quarter increased to $324.5 billion from $304.8 billion and average deposits declined to $425.7 billion from $446.5 billion from a year ago.
Net interest rate margin expanded to 2.79% from 2.5%.
The bank lowered its annual net interest income increase range between 5% and 6% from the previous range between 6% and 8%.
Jul 18, 2023 -
PNC Financial Services Group, Inc said total revenue in the first quarter increased 19% to $5.6 billion and net income rose to $1.7 billion from $1.4 billion and diluted earnings per share increased to $3.98 from $3.23 a year ago.
Net interest rate margin in the first quarter decreased to 2.82% from 2.92% in the fourth quarter of 2022 but rose from 2.28% in the quarter a year ago. Average deposits in the quarter dropped to $436.2 billion from $453.3 billion but average loans increased to $325. 5 billion from $290.7 billion a year ago.
Provision for credit losses in the first quarter of 2023 declined to $235 million from $408 million in the fourth quarter 2022.
Apr 14, 2023
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| Trading Volume | 64,034 |
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183.05 - 109.71 |
| Market Cap Full | $ 72.9B |
Quarterly +
| 2026 | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| Q1 | 3.4% | 1.4% | 4.3% | -19.6% |
| Q2 | - | -16.1% | -4.8% | -0.9% |
| Q3 | - | -16.1% | 1.1% | -2.5% |
| Q4 | - | -16.1% | -5% | 29% |
Monthly +
| J | F | M | A | M | J | J | A | S | O | N | D |
| 2026 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | - | - | - | - |
| 2025 | |||||||||||
| 1.4 | - | - | - | - | - | - | - | - | - | - | - |
| 2024 | |||||||||||
| -2.4 | -2.7 | 9.8 | -3.5 | 1 | -3.5 | 19.2 | 1.1 | - | - | - | -10.7 |
| 2023 | |||||||||||
| 4.7 | -4.5 | -19.5 | 2.5 | -11 | 8.7 | 8.7 | -11.8 | 1.7 | -6.8 | 17.2 | 15.5 |
| 2022 | |||||||||||
| 2.7 | -3.3 | -7.4 | -10 | 5.6 | -10.9 | 6.2 | -4.8 | -6.4 | 9.4 | 4 | -6.1 |
| 2021 | |||||||||||
| -3.5 | 18.6 | 2.8 | 6.8 | 3.5 | -1.6 | -4.4 | 4.8 | 2.7 | 7.6 | -6.7 | 1.8 |
EPS
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Q1 | 4 | 3.2 | 4.1 |
| Q2 | 3.4 | 3.4 | 2.4 |
| Q3 | 3.6 | 3.8 | 3.3 |
| Q4 | 0 | 3.5 | 2.9 |
| A | 10.94 | 13.9 | 12.7 |