secwatch.observer — SEC 8-K summary
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Issuer:     PNC FINANCIAL SERVICES GROUP, INC. (PNC)
CIK:        0000713676
Form:       8-K
Filed at:   2023-04-14T23:59:59+00:00
Accession:  0000713676-23-000029
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/713676/000071367623000029/0000713676-23-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/713676/000071367623000029/pnc-20230414.htm
  HTML page:      https://secwatch.observer/filing/0000713676-23-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer