---
schema_version: "secwatch.filing_event.v1"
accession: "0000713676-24-000058"
form_type: "8-K"
ticker: "PNC"
cik: "0000713676"
company_name: "PNC FINANCIAL SERVICES GROUP, INC."
filed_at: "2024-07-16T23:59:59+00:00"
generated_at: "2026-05-31T20:36:37.633332+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PNC Q2 net income $1.5B, EPS $3.39; raises dividend to $1.60/share

## Summary
- Net income $1.5B, diluted EPS $3.39; generated positive operating leverage with PPNR up 13% QoQ.
- Revenue $5.4B (+5% QoQ); NII $3.3B, NIM 2.60% (up from 2.57% in Q1).
- Increased quarterly common stock dividend $0.05 to $1.60 per share (effective July 2, 2024).
- Average loans stable at $319.9B, deposits $417.2B; CET1 ratio 10.2%.
- Net charge-offs $262M (0.33% annualized) vs $243M in Q1; provision for credit losses $235M.

## SEC filing metadata
- accession: 0000713676-24-000058
- form_type: 8-K
- ticker: PNC
- cik: 0000713676
- company_name: PNC FINANCIAL SERVICES GROUP, INC.
- filed_at: 2024-07-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/713676/000071367624000058/0000713676-24-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/713676/000071367624000058/pnc-20240716.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000713676-24-000058
- JSON: https://secwatch.observer/filing/0000713676-24-000058.json
- Plain text: https://secwatch.observer/filing/0000713676-24-000058.txt

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