{"schema_version":"secwatch.filing_event.v1","accession":"0000713676-23-000050","form_type":"8-K","ticker":"PNC","cik":"0000713676","company_name":"PNC FINANCIAL SERVICES GROUP, INC.","filed_at":"2023-07-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.469400+00:00","generated_at":"2026-06-13T07:21:07.272219+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"PNC Q2 net income $1.5B, EPS $3.36; dividend raised to $1.55; SCB to 2.5%","bullets":["Net income of $1.5B, diluted EPS $3.36 vs Q1 $1.694B, $3.98; revenue $5.293B down 5.5% QoQ.","Net interest income $3.510B (-2% QoQ); NIM 2.79% down 5 bps; fee income down 6% on MSR/ Visa derivatives.","Average loans $324.5B stable; average deposits $425.7B down 2% QoQ; CET1 ratio improved to 9.5%.","Provision for credit losses $146M vs $235M Q1; net charge-offs $194M (0.24% of loans).","Quarterly common dividend raised to $1.55 (+3.3%); SCB to 2.5% effective Oct 1, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0000713676-23-000050","json":"https://secwatch.observer/filing/0000713676-23-000050.json","markdown":"https://secwatch.observer/filing/0000713676-23-000050.md","text":"https://secwatch.observer/filing/0000713676-23-000050.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/713676/000071367623000050/0000713676-23-000050-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/713676/000071367623000050/pnc-20230718.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T07:21:07.272219+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ba0e3522f54722e7715d13c2ec139ac8d27491d0","claim":"PNC FINANCIAL SERVICES GROUP, INC. reported second quarter of 2023 results: revenue $ 5,293, net income 1,500, EPS $ 3.36.","evidence_excerpt":"PNC REPORTS SECOND QUARTER 2023 NET INCOME OF $1.5 BILLION, $3.36 DILUTED EPS Increased capital; strong credit quality; 4Q23 SCB requirement of 2.5% Raised quarterly common stock dividend 5 cents to $1.55 per share on July 3, 2023 PITTSBURGH, July 18, 2023 – The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the quarter In millions, except per share data and as noted 2Q23 1Q23 2Q22 Second Quarter Highlights ▪ Financial Results Comparisons reflect 2Q23 vs. 1Q23 Revenue $ 5,293 $ 5,603 $ 5,116 Average Balance Sheet ▪ Stable loans ▪ Deposits decreased 2% ▪ ACL to total loans and net loan charge-offs were stable ▪ Tangible book value increased to $77.80 ▪ CET1 capital ratio increased 30 basis points to 9.5% ▪ Raised quarterly dividend 5 cents to $1.55 per share ▪ Effective Oct. 1, 2023, PNC's Stress Capital Buffer (SCB) will improve to the regulatory minimum of 2.5% Income Statement ▪ Net interest income declined 2% ▪ NIM decreased 5 basis points ▪","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/713676/000071367623000050/0000713676-23-000050-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter of 2023"},{"label":"Revenue","value":"$ 5,293"},{"label":"Net income","value":"1,500"},{"label":"EPS","value":"$ 3.36"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}