secwatch.observer — SEC 8-K summary
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Issuer:     PNC FINANCIAL SERVICES GROUP, INC. (PNC)
CIK:        0000713676
Form:       8-K
Filed at:   2024-01-16T23:59:59+00:00
Accession:  0000713676-24-000006
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/713676/000071367624000006/0000713676-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/713676/000071367624000006/pnc-20240116.htm
  HTML page:      https://secwatch.observer/filing/0000713676-24-000006

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