PNC reports FY2024 net income $6.0B, diluted EPS $13.74, up 7.4% YoY

PNC FINANCIAL SERVICES GROUP, INC.

2024-FY EPS reported $13.74 revenue$21,555,000,000

Full year net income $5,953M ($13.74 diluted EPS) vs $5,647M ($12.79) in 2023.
Q4 net income $1,627M ($3.77 diluted EPS), up 8% from $1,505M ($3.49) in Q3 2024.
Q4 net interest margin expanded 11 bps to 2.75%; average deposits up $3.1B vs Q3.
CET1 capital ratio 10.5% at year-end; $0.2B of common shares repurchased in Q4.
Full year net charge-offs $1,041M (0.33% of avg loans) vs $710M (0.22%) in 2023.

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