PNC Q1 net income $1.3B, EPS $3.10 ($3.36 adj.); CEO plans to sell 64,500 shares for diversification

PNC FINANCIAL SERVICES GROUP, INC.

2024-Q1 EPS reported $3.10 revenue$5,145,000,000

Net income $1.344B ($3.10 diluted EPS); adjusted EPS $3.36 excluding $130M FDIC special assessment.
Revenue $5.145B, down 4% QoQ and 8% YoY; net interest margin 2.57% vs 2.84% a year ago.
Core NIE declined 6% QoQ to $3.204B; CET1 ratio 10.1%; tangible book value $85.70 per share.
CEO William Demchak intends to sell up to ~64,500 shares (11% of holdings) starting June 2024 under Rule 10b5-1 plan.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PNC FINANCIAL SERVICES GROUP, INC. reported first quarter of 2024 results: revenue $5,145 million, net income $1,344 million, EPS $3.10 diluted earnings per share.

Period: first quarter of 2024
Revenue: $5,145 million
Net income: $1,344 million
EPS: $3.10 diluted earnings per share
Result: reported results

Exact text from the filing

PNC Reports First Quarter 2024 Net Income of $1.3 Billion, $3.10 Diluted EPS, or $3.36 Excluding a $130 million FDIC Special Assessment

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PNC FINANCIAL SERVICES GROUP, INC. filing history →

Source: SEC EDGAR

accession 0000713676-24-000037

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