Revenue segments as reported by the company.

Net interest income

Noninterest income

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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Provision For (Recapture of) Credit Losses

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

PNC Financial Services

PNC owns 22% of BlackRock, the largest asset management firm in the world by assets under management. This ownership interest had a market value of $17.9 billion as of December 31, 2017.

BlackRock

Citizens National Bank was founded on July 11, 1890 in Laurel, Maryland as Citizens National Bank of Laurel.The bank's founder and first president was Charles H. Stanley. On April 1, 1965, it was renamed to Citizens National Bank after merging with The Central Bank of Howard County. On September 15, 2007, Citizens National was acquired by PNC Bank, National Association.

Citizens National Bank

The PNC Financial Services Group, Inc. is a holding company, which engages in the provision of financial services. It operates through the following segments: Retail Banking, Corporate and Institutional Banking, Asset Management Group, and Other. The Retail Banking segment offers deposit, lending, brokerage, investment management, and cash management products and services to consumer and small business customers. The Corporate and Institutional segment covers the lending, treasury management, and capital markets-related products and services to mid-sized and large corporations, government, and not-for-profit entities. The Asset Management Group segment includes personal wealth management for high net worth and ultra-high net worth clients and institutional asset management. The company was founded in 1983 and is headquartered in Pittsburgh, PA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

PNC Financial Services posts solid Q4 results amid economic uncertainties

PNC Financial Services delivered strong financial results in Q4 2022, driven by solid loan growth and capital management initiatives.
While facing challenges related to potential economic downturn and expense management, the company remains well-positioned with a focus on customer relationships.
Opportunities for growth lie in expanding loan and revenue streams, optimizing asset management strategies, and enhancing operational efficiency.
Overall, PNC's performance reflects resilience amidst economic uncertainties, with a strategic focus on capital strength and customer-centric operations.

PNC Financial Services reports robust Q1 earnings amidst industry shifts

PNC Financial Services Group's Q1 performance reflects strength in earnings, balance sheet stability, and strategic execution.
While facing challenges such as softened loan demand and disruptions in certain business segments, PNC remains proactive in risk management.
Opportunities lie in leveraging market changes, growing market share, and maintaining regulatory compliance for sustained success.
Investors can find confidence in PNC's solid credit quality, capital management, and focus on long-term growth strategies.

PNC Financial Services reports solid Q2 earnings amidst M&A challenges

PNC Financial Services delivered a strong Q2 performance with a focus on expense control and credit quality. Challenges include declining net interest income and hurdles to M&A expansion. Opportunities exist in noninterest income growth and prudent expense management.

PNC Financial Services reports robust Q3 results amid economic uncertainties

PNC Financial Services Group's Q3 2023 performance showcased strong financial results, robust credit quality, and strategic expense management amidst economic uncertainties.
While facing challenges such as declining loan balances and net interest margin, the company remains focused on capital strengthening, customer-centric initiatives, and operational efficiency.
Opportunities in stable fee income, technological advancements, and market expansion present avenues for growth and profitability in the evolving financial landscape.

PNC Financial Services reports solid Q4 performance and eyes growth opportunities

PNC's Q4 performance was strong with a focus on expense control.
Challenges include credit charge-offs and declining revenue expectations.
Opportunities lie in commercial loan growth and fee income expansion.
Overall, PNC is well-positioned for growth despite regulatory uncertainties.

PNC Financial Services reports solid Q1 earnings amidst industry consolidation concerns

PNC's Q1 performance reflects financial stability and strategic investments, supported by strong liquidity and capital reserves. While challenges in commercial real estate and industry consolidation loom, opportunities in fee-based businesses and asset repositioning offer growth potential.

PNC Financial Services reports robust Q2 earnings and strategic growth

PNC Financial Services Group excelled in Q2 2024, balancing growth and capital management effectively.
While facing expected challenges in the credit environment, the company capitalized on opportunities for future growth.
Strengthened financial metrics and shareholder returns position PNC well for continued success.
Strategic initiatives like the new credit card and capital deployment enhance value for stakeholders.

PNC Financial Services reports robust Q3 earnings and eyes organic growth opportunities

PNC Financial Services Group's Q3 2024 performance reflects strength in earnings, operating leverage, and balance sheet metrics.
While facing challenges in loan growth and deposit pricing, the company remains optimistic about organic growth opportunities.
Strategic focus on credit quality, capital strength, and future growth investments positions PNC well for the medium term.
Management's cautious approach to loan growth and market conditions guide the company's strategic decisions for sustainable growth.

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Tax-loss selling may occur earlier this year, instead of the during usual time of selling pressure in late December. DataTrek suggests a list of stocks that may bounce back in November that we discuss. FMC Corporation, SolarEdge Technologies, Moderna, KeyCorp, and The Estee Lauder Companies are stocks to avoid due to weak performance and market conditions.

5 Stocks To Sell Before Tax-Loss Season Begins

Citizens Financial Group

America's regional banks are reportedly hoping to get healthier by getting smaller. As The Wall Street Journal (WSJ) reported Monday (Oct. 23), these lenders are scaling back following a quarter that saw banks like KeyCorp, Truist and Citizens Financial record double-digit declines in profit.

Regional Lenders Are Getting Smaller to Stay Afloat

PITTSBURGH , Oct. 19, 2023 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Executive Vice President and Chief Financial Officer Robert Q. Reilly and Executive Vice President and Head of PNC Real Estate Michael Thomas will discuss business performance, strategy and banking at 12:45 p.m.

PNC Executives To Speak At BancAnalysts Association Of Boston Conference

Shares of PNC Financial (PNC) gain 1.5% on better-than-expected Q3 earnings, banking on decent expense-control efforts.

PNC Financial (PNC) Q3 Earnings Surpass on Lower Expenses

PNC Financial Group began staff reductions that will decrease its workforce by 4%. The move is expected to reduce the company's 2024 expenses by $325 million at a time when it is focused on expense management, “particularly in the current environment,” PNC Financial Group Chairman, President and CEO Bill Demchak said Friday (Oct.

PNC Financial Group Begins Reducing Workforce by 4%

The PNC Financial Services Group, Inc. (NYSE:PNC ) Q3 2023 Earnings Conference Call October 13, 2023 11:00 AM ET Company Participants Bryan Gill - Director of Investor Relations Bill Demchak - Chairman, President and Chief Executive Officer Rob Reilly - Executive Vice President and Chief Financial Officer Conference Call Participants John Pancari - Evercore Nate Stein - Deutsche Bank Scott Siefers - Piper Sandler Gerard Cassidy - RBC Bill Carcache - Wolfe Research Peter Troisi - Barclays Mike Mayo - Wells Fargo Securities Ken Usdin - Jefferies Bryan Gill Good morning, and welcome to today's conference call for The PNC Financial Services Group. I am Bryan Gill, the Director of Investor Relations for PNC.

The PNC Financial Services Group, Inc. (PNC) Q3 2023 Earnings Call Transcript

Lower provisions and a fall in expenses support PNC Financial's (PNC) Q3 earnings. However, a decrease in NII and fee income are headwinds.

PNC Financial (PNC) Q3 Earnings Beat Estimates, Stock Down

Although the revenue and EPS for The PNC Financial Services Group, Inc (PNC) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

The PNC Financial Services Group, Inc (PNC) Reports Q3 Earnings: What Key Metrics Have to Say

PNC Financial Services (NYSE:PNC) shares fell more than 3% in early trade after the Pennsylvania-based bank and financial services firm reported a revenue miss and drop in earnings for the third quarter. Revenue declined year-over-year from $5.5 billion to $5.2 billion.

PNC Financial Services posts 3Q revenue miss and drop in earnings

The PNC Financial Services Group, Inc (PNC) came out with quarterly earnings of $3.60 per share, beating the Zacks Consensus Estimate of $3.18 per share. This compares to earnings of $3.78 per share a year ago.

The PNC Financial Services Group, Inc (PNC) Q3 Earnings Top Estimates

PNC Financial Services Group said on Friday it would reduce its workforce by about 4% as part of its cost reduction plans after it posted a drop in profit in the third quarter.

PNC Financial Services to cut jobs after quarterly profit drop

Generated positive operating leverage; increased pretax, pre-provision earnings Grew capital and tangible book value PITTSBURGH , Oct. 13, 2023 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the quarter In millions, except per share data and as noted 3Q23 2Q23 3Q22 Third Quarter Highlights Financial Results Comparisons reflect 3Q23 vs. 2Q23 Revenue $  5,233 $  5,293 $  5,549 Income Statement   ▪   Generated positive operating      leverage of 3% ▪   Revenue declined 1% ▪   Expenses were well controlled,     decreasing 4% ▪   PPNR increased 3% ▪   Provision for credit losses of     $129 million   Balance Sheet   ▪   Average l oans decreased 2% ▪   Average d eposits declined 1% ▪   Federal Reserve Bank balances     averaged $37.9 billion, an     increase of $7.3 billion ▪   ACL to total loans was stable ▪   Net loan charge-offs were $121     million, or 0.15% annualized to     average loans ▪   AOCI was a negative $10.3     billion, reflecting the     unfavorable impact of interest rate     movements ▪   TBV increased to $78.16 ▪   CET1 capital ratio increased 30     basis points to 9.8% Noninterest expense 3,245 3,372 3,280 Pretax, pre-provision earnings (PPNR) (non-GAAP) 1,988 1,921 2,269 Provision for credit losses 129 146 241 Net income 1,570 1,500 1,640 Per Common Share Diluted earnings $    3.60 $    3.36 $    3.78 Average diluted common shares outstanding 400 401 410 Book value 105.98 105.67 97.59 Tangible book value (TBV) (non-GAAP) 78.16 77.80 69.98 Balance Sheet & Credit Quality Average loans    In billions $  319.5 $  324.5 $  313.0 Average deposits    In billions 422.5 425.7 439.2 Accumulated other comprehensive income (loss) (AOCI)    In billions (10.3) (9.5) (10.5) Net loan charge-offs 121 194 119 Allowance for credit losses (ACL) to total loans 1.70 % 1.68 % 1.67 % Selected Ratios Return on average common shareholders' equity 13.65 % 13.01 % 14.97 % Return on average assets 1.12 1.08 1.19 Net interest margin (NIM) (non-GAAP) 2.71 2.79 2.82 Noninterest income to total revenue 35 34 37 Efficiency 62 64 59 Common equity Tier 1 (CET1) capital ratio 9.8 9.5 9.3 See non-GAAP financial measures in the Consolidated Financial Highlights accompanying this release.

PNC Reports Third Quarter 2023 Net Income of $1.6 Billion, $3.60 Diluted EPS

PNC Financial (PNC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for PNC Financial (PNC) This Earnings Season?

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Rising interest rates have boosted earnings for U.S. banks in recent quarters. But their upcoming third-quarter earnings reports likely will disclose how that past boon has morphed into a burgeoning barrier to growth.

Rising Rates Turn From Friend to Foe for U.S. Banks

PNC Financial Services Group Inc. PNC, +1.19% is reducing its staffing levels but it has yet to provide a specific number of people to be affected by the action, according to reports. The Pittsburgh-based lender with about 60,000 employees said in a statement reported by at least two news outlets that it's reviewing its organizational structure including a shift away from work not fully aligned to its strategic priorities.

PNC reportedly cutting jobs but company remains mum on the number of people affected

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The 4 factor high yield strategy aims to automate the stock selection process, and offer a blend of the simplicity of ETFs with exposure to individual stocks. Thus far the strategy has generated promising results, with 60% to 80% success rates when measured against SPY and SCHD. The strategy has generated 5 unique 20 stock portfolios, each with a starting dividend yield in excess of 4%.

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PNC Financials (PNC) Q3 earnings are likely to be affected by moderate loan growth and higher costs. Yet, higher residential and commercial mortgage revenues are likely to have buoyed fee income.

Key Factors to Affect PNC Financial (PNC) in Q3 Earnings

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Vanguard High Dividend Yield ETF

There are 20 stocks on my high yield watchlist for October 2023. The majority of the stocks on my watchlist are undervalued based on dividend yield theory. An equally weighted portfolio of these stocks underperformed the Vanguard High Yield Dividend ETF by about 0.50% during the month of September.

High Yield Stock Watchlist - October 2023

Regional banks are generally not good long-term wealth compounders due to their volatile nature and dependence on lending business. The PNC Financial Services Group, Inc. is an exception, with consistently high returns and income. It has lost value recently, making it an attractive investment. The PNC Financial is a super-regional bank with a strong balance sheet, diverse income sources, and strategic acquisitions, making it a standout among its peers.

PNC Financial: One Of The Best Regional Banks Money Can Buy

The PNC Financial Services Group, Inc (PNC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

The PNC Financial Services Group, Inc (PNC) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

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Subscribers to  Chart of the Week  received this commentary on Sunday, October 1.

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News for PNC Financial Services Stock (PNC)