---
schema_version: "secwatch.filing_event.v1"
accession: "0000713676-23-000029"
form_type: "8-K"
ticker: "PNC"
cik: "0000713676"
company_name: "PNC FINANCIAL SERVICES GROUP, INC."
filed_at: "2023-04-14T23:59:59+00:00"
generated_at: "2026-06-17T02:16:29.444647+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000713676-23-000029
- form_type: 8-K
- ticker: PNC
- cik: 0000713676
- company_name: PNC FINANCIAL SERVICES GROUP, INC.
- filed_at: 2023-04-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/713676/000071367623000029/0000713676-23-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/713676/000071367623000029/pnc-20230414.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000713676-23-000029
- JSON: https://secwatch.observer/filing/0000713676-23-000029.json
- Plain text: https://secwatch.observer/filing/0000713676-23-000029.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/713676/000071367623000029/0000713676-23-000029-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.