PNC Q4 2022 net income $1.55B ($3.47 EPS); full year $6.11B ($13.85 EPS)

PNC FINANCIAL SERVICES GROUP, INC.

2022-FY EPS reported $13.85 revenue$21,120,000,000

Full-year net income $6.113B ($13.85 diluted EPS); adjusted EPS $13.96 on revenue $21.12B (+10% YoY).
Q4 net interest income $3.684B, NIM expanded 10bp to 2.92%; avg loans grew 3% to $321.9B.
Provision for credit losses $408M (ACL buildup $172M); net charge-offs $224M or 0.28% annualized.
Noninterest expense $3.474B; PPNR $2.29B (+1% QoQ); efficiency ratio 60%.
Tangible book value $72.12 per share (+3% QoQ); returned $1.2B capital to shareholders in Q4.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PNC FINANCIAL SERVICES GROUP, INC. reported financial results for the fourth quarter and full year of 2022.

Period: the fourth quarter and full year of 2022
Result: reported results

Exact text from the filing

On January 18, 2023 , The PNC Financial Services Group, Inc. (“the Corporation”) issued a press release regarding the Corporation’s earnings and business results for the fourth quarter and full year of 2022.

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PNC FINANCIAL SERVICES GROUP, INC. filing history →

Source: SEC EDGAR

accession 0000713676-23-000005

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