earnings
confidence high
sentiment positive
materiality 0.75
PNC Q3 net income $1.5B, EPS $3.49; NII up 3% QoQ, fee income up 10%
PNC FINANCIAL SERVICES GROUP, INC.
2024-Q3 EPS reported
$9.98
revenue$15,988,000,000
- Net income $1.5B vs Q2 $1.477B; diluted EPS $3.49 vs Q2 $3.39.
- Revenue $5.43B (+1% QoQ); NII $3.41B (+3%); fee income $1.953B (+10%).
- Tangible book value $96.98 (+9% QoQ); AOCI improved $2.4B (32%).
- CET1 ratio 10.3%; repurchased >$0.1B common shares in Q3.
- Net charge-offs $286M (0.36% annualized) vs $262M in Q2; ACL 1.65% of loans.