PNC Q1: net income $1.7B, diluted EPS $3.98, revenue $5.6B, deposits up, CET1 9.2%

PNC FINANCIAL SERVICES GROUP, INC.

2023-Q1 EPS reported $3.98 revenue$5,603,000,000

Net income $1.7B, diluted EPS $3.98; revenue $5.6B down 3% QoQ but up 19% YoY.
Average deposits grew 0.3% QoQ to $436.2B; spot deposits up $0.5B.
CET1 ratio improved to 9.2% from 9.1%; tangible book value up 7% to $76.90.
Provision for credit losses $235M vs $408M in Q4; net charge-offs $195M vs $224M.

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 the first quarter of 2023 results: net income net income of $1.7 billion, $3.98 diluted EPS, EPS $3.98 diluted EPS.

Period: the first quarter of 2023
Net income: net income of $1.7 billion, $3.98 diluted EPS
EPS: $3.98 diluted EPS
Result: reported results

Exact text from the filing

On April 14, 2023 , The PNC Financial Services Group, Inc. (the "Corporation”) issued a press release regarding the Corporation’s earnings and business results for the first quarter of 2023.

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PNC FINANCIAL SERVICES GROUP, INC. filing history →

Source: SEC EDGAR

accession 0000713676-23-000029

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