Form 8-K · Current Report · Filed 2024-04-16
PNC Q1 2024 Earnings Call Results
The PNC Financial Services Group, Inc. reported solid first quarter 2024 results with net income of $1.3 billion and diluted earnings per share (EPS) of $3.10. Adjusted diluted EPS was $3.36. The company saw a decrease in total revenue by 4% compared to Q1 2023 and a 18% decrease in noninterest expense. PNC's credit quality remained stable with a 1.68% allowance for credit losses to total loans ratio. The company held a conference call to discuss these results and provided electronic presentation slides as Exhibit 99.1.
- Filer
- PNC Financial Services Group, Inc. PNC · NYSE
- Filed
- Accession
- 0000713676-24-000039
- CIK
- 0000713676
- Signal
- Low impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Regulation FD Disclosure
Financial Statements and Exhibits
Market reaction
Close before filing
$149.56
Next session
-1.5%
Since filing
+67.1%
Latest close
$249.87
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Precedent
Previous filings from PNC reporting the same item, with the next session's move:
Exhibits (1)
About PNC Financial Services Group, Inc.
PNC Financial Services Group, Inc. is a diversified financial services institution that delivers comprehensive banking and financial solutions across the United States. Renowned for its broad range of services, PNC offers personal banking, mortgage and loan products, as well as wealth management and institutional banking solutions. It serves individual consumers, small businesses, and corporations, providing tailored services to meet various financial needs. PNC is distinguished by its regional community banking model, fostering strong local connections while offering the capabilities of a large financial organization. The company plays a crucial role in the financial market by facilitating capital flow and supporting economic growth through its lending and financial advisory services. As one of the largest banks in the United States, PNC continues to expand its footprint and enhance customer satisfaction through technology-driven innovations and strategic growth initiatives.
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