---
schema_version: "secwatch.filing_event.v1"
accession: "0000713676-24-000006"
form_type: "8-K"
ticker: "PNC"
cik: "0000713676"
company_name: "PNC FINANCIAL SERVICES GROUP, INC."
filed_at: "2024-01-16T23:59:59+00:00"
generated_at: "2026-06-06T23:35:37.795360+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PNC reports 2023 net income $5.6B ($12.79 EPS); Q4 adjusted EPS $3.16

## Summary
- FY2023 net income $5.6B ($12.79 diluted EPS); adjusted EPS $14.10 vs $13.85 in 2022.
- Q4 2023 net income $883M ($1.85 diluted EPS); adjusted EPS $3.16.
- Q4 revenue $5.36B, +2% QoQ; core NIE $3.41B included $515M FDIC special assessment and $150M workforce reduction.
- Avg loans $324.6B (+2% QoQ); avg deposits $423.9B; CET1 9.9%; TBV $85.08.
- Repurchased $0.1B common shares in Q4; ACL to total loans stable at 1.70%.

## SEC filing metadata
- accession: 0000713676-24-000006
- form_type: 8-K
- ticker: PNC
- cik: 0000713676
- company_name: PNC FINANCIAL SERVICES GROUP, INC.
- filed_at: 2024-01-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/713676/000071367624000006/0000713676-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/713676/000071367624000006/pnc-20240116.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000713676-24-000006
- JSON: https://secwatch.observer/filing/0000713676-24-000006.json
- Plain text: https://secwatch.observer/filing/0000713676-24-000006.txt

## Key facts
- Earnings Releases
  PNC FINANCIAL SERVICES GROUP, INC. reported fourth quarter and full year of 2023 results: revenue $5,361, net income Net income of $5.6 Billion, EPS $1.85 diluted EPS or $3.16 as adjusted.
  - Period: fourth quarter and full year of 2023
  - Revenue: $5,361
  - Net income: Net income of $5.6 Billion
  - EPS: $1.85 diluted EPS or $3.16 as adjusted
  - Result: reported results
  source text: quarter For the year In millions, except per share data and as noted 4Q23 3Q23 2023 2022 Fourth Quarter Highlights ▪ Financial Results Comparisons reflect 4Q23 vs. 3Q23 Revenue $ 5,361 $ 5,233 $ 21,490 $ 21,120 Income Statement ▪ Revenue increased 2% due to strong noninterest income growth ▪ Core noninterest expense increased 5% primarily reflecting higher
  evidence_url: https://www.sec.gov/Archives/edgar/data/713676/000071367624000006/0000713676-24-000006-index.htm

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