The PNC Financial Services Group, Inc. (NYSE:PNC) Earnings Conference Call July 16, 2024 10:00 AM ET Company Participants Bryan Gill - Director of IR William Demchak - Chairman, President & CEO Robert Reilly - EVP & CFO Conference Call Participants Betsy Graseck - Morgan Stanley John Pancari - Evercore Erika Najarian - UBS Scott Siefers - Piper Sandler Ebrahim Poonawala - Bank of America Bill Carcache - Wolfe Research Ken Usdin - Jefferies Mike Mayo - Wells Fargo Matt O'Connor - Deutsche Bank Gerard Cassidy ...

Key TakeawaysPNC Financial shares surged Tuesday after the bank reported second-quarter earnings and revenue that beat analysts' estimates.PNC benefitted from higher fees, as well as an exchange of Visa stock.The bank also gave a stronger outlook for the full year, expecting a narrower decline in net interest income than it projected previously. PNC Financial (PNC) shares surged over 4% Tuesday after the bank reported second-quarter profit and revenue that beat analysts' estimates. The bank also gave a stro ...

The PNC Financial Services Group, Inc.’s (PNC) second-quarter 2024 earnings per share of $3.39 surpassed the Zacks Consensus Estimate of $3. In the prior-year quarter, the company reported earnings per share of $3.36.PNC shares have gained 1.2% in the pre-market trading on better-than-expected results.Results were aided by a rise in fee income and higher loan balance, along with reduced expenses. However, a decline in net interest income (NII) and an increase in provisions for credit losses acted as spoilsp ...

Second Quarter 2024 Earnings Conference Call July 16, 2024 Cautionary Statement Regarding Forward-Looking and non-GAAP Financial Information Our earnings conference call presentation is not intended as a full business or financial review and should be viewed in the context of all of the information made available by PNC in its SEC filings and on our corporate website. The presentation contains forward-looking statements regarding our outlook for financial performance, such as earnings, revenues, expenses, t ...

The PNC Financial Services Group, Inc (PNC) came out with quarterly earnings of $3.30 per share, beating the Zacks Consensus Estimate of $3 per share. This compares to earnings of $3.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this company would post earnings of $3.09 per share when it actually produced earnings of $3.36, delivering a surprise of 8.74%.Over the last four quarters ...

THE PNC FINANCIAL SERVICES GROUP, INC. FINANCIAL SUPPLEMENT SECOND QUARTER 2024 (Unaudited) Exhibit 99.2 THE PNC FINANCIAL SERVICES GROUP, INC. FINANCIAL SUPPLEMENT SECOND QUARTER 2024 (UNAUDITED) | --- | --- | |--------------------------------|-------| | Consolidated Results: | Page | | Income Statement | 1 | | Balance Sheet | 2 | | Average Balance Sheet | 3 | | Details of Net Interest Margin | 4 | | Loans | 5 | | Allowance for Credit Losses | 6-7 | | Nonperforming Assets | 8 | | Accruing Loans Past Due | ...

Generated positive operating leverage; grew NII and NIM; maintained 2.5% SCB requirementIncreased quarterly common stock dividend 5 cents to $1.60 per share on July 2, 2024PITTSBURGH, July 16, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported:For the quarter In millions, except per share data and as noted 2Q24 1Q24 2Q23 Second Quarter Highlights Financial Results Comparisons reflect 2Q24 vs. 1Q24 Net interest income (NII) $    3,302 $    3,264 $    3,510 Income Statement ...

The upcoming report from The PNC Financial Services Group, Inc (PNC) is expected to reveal quarterly earnings of $3 per share, indicating a decline of 10.7% compared to the year-ago period. Analysts forecast revenues of $5.3 billion, representing an increase of 0.1% year over year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a compan ...

The PNC Financial Services Group, Inc. (PNC) is scheduled to report its second-quarter 2024 earnings on Jul 16, before the opening bell. The bank’s second-quarter 2024 revenues are expected to have improved from the year-ago reported level, while earnings are expected to have declined.In the last reported quarter, its earnings outpaced the Zacks Consensus Estimate due to a rise in deposit balances and an improvement in the company’s credit quality. However, an increase in non-interest expenses and lower net ...

PITTSBURGH, July 2, 2024 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.60 per share, an increase of $0.05 cents per share, or 3%, from the second quarter dividend of $1.55 per share. The dividend will be payable Aug. 5, 2024, to shareholders of record at the close of business July 15, 2024."The increase in our dividend reflects our continued financial strength and our board's confidence in our strateg ...