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PNC Financial Posts In-Line First-Quarter Earnings

PNC Financial reports first-quarter earnings in line with analysts' expectations.

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The Pittsburgh-based banking and financial services company said it earned $1.27 billion, or $2.61 a share, in its most recent quarter, vs. $1.23 billion, or $2.42 a share, in the comparable year-earlier period. The results matched the per-share estimates of analysts surveyed by FactSet.

Revenue was $4.3 billion compared with $4.1 billion in the year-earlier quarter.

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https://www.thestreet.com/investing/pnc-...yptr=yahoo

PNC Financial (PNC) Q2 Earnings Beat Estimates, Revenues Up

PNC Financial PNC reported positive earnings surprise of 1.8% in second-quarter 2019. Earnings per share of $2.88 surpassed the Zacks Consensus Estimate of $2.83. Further, the bottom line reflects a 5.9% jump from the prior-year quarter’s reported figure.

Higher revenues, driven by higher net interest income and escalating fee income, aided the company’s results. However, rise in costs and provisions were headwinds.

The company’s net income for the quarter came in at $1.37 billion compared with the prior-year quarter’s $1.36 billion.


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https://finance.yahoo.com/news/pnc-finan...12914.html

PNC Financial (PNC) Q4 Earnings Top Estimates, Costs Flare Up

Riding on high revenues, PNC Financial PNC reported a positive earnings surprise of 1.7% in fourth-quarter 2019. Earnings per share of $2.97 surpassed the Zacks Consensus Estimate of $2.92. Further, the bottom line reflects an 8% jump from the prior-year quarter’s reported figure.

Higher revenues, driven by higher net interest income and escalating fee income, aided the company’s results. However, rise in costs and provisions were headwinds. Moreover, lower net interest margin was another concern.

The company’s net income for the quarter came in at $1.38 billion compared with the prior-year quarter’s $1.35 billion.

For full-year 2019, earnings per share came in at $11.39 per share, surpassing the Zacks Consensus Estimate of $11.34. Also, earnings compared favorably with the prior-year figure of $10.71 per share.


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https://finance.yahoo.com/news/pnc-finan...01817.html

PNC Financial (PNC) Q3 Earnings & Revenues Top Estimates

PNC Financial PNC pulled off a third-quarter 2021 positive earnings surprise of 3.02% on substantial recapture of credit losses. Adjusted earnings per share (excluding pre-tax integration costs related to the BBVA USA acquisition) of $3.75 surpassed the Zacks Consensus Estimate of $3.64 and improved 42% sequentially.

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Total revenues in the reported quarter were $5.2 billion, up 21% year over year. The top line surpassed the Zacks Consensus Estimate of $5.03 billion.

Net interest income improved 15% from the year-ago quarter to $2.86 billion.


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https://finance.yahoo.com/news/pnc-finan...12141.html