---
schema_version: "secwatch.filing_event.v1"
accession: "0000713676-24-000037"
form_type: "8-K"
ticker: "PNC"
cik: "0000713676"
company_name: "PNC FINANCIAL SERVICES GROUP, INC."
filed_at: "2024-04-16T23:59:59+00:00"
generated_at: "2026-06-03T22:29:06.324645+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000713676-24-000037
- form_type: 8-K
- ticker: PNC
- cik: 0000713676
- company_name: PNC FINANCIAL SERVICES GROUP, INC.
- filed_at: 2024-04-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/713676/000071367624000037/0000713676-24-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/713676/000071367624000037/pnc-20240416.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000713676-24-000037
- JSON: https://secwatch.observer/filing/0000713676-24-000037.json
- Plain text: https://secwatch.observer/filing/0000713676-24-000037.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/713676/000071367624000037/0000713676-24-000037-index.htm

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