What Analyst Projections for Key Metrics Reveal About The PNC Financial Services Group (PNC) Q1 Earnings

Core Viewpoint - Analysts forecast that The PNC Financial Services Group, Inc (PNC) will report quarterly earnings of $3.40 per share, reflecting a year-over-year increase of 1.2%, with revenues expected to reach $5.48 billion, an increase of 6.5% compared to the previous year [1]. Earnings Projections - Over the last 30 days, there has been a downward revision of 1.4% in the consensus EPS estimate for the quarter, indicating a collective reconsideration by analysts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Key Metrics Estimates - The efficiency ratio is expected to reach 62.0%, down from 65% a year ago [5]. - Total interest-earning assets are projected to average $507.80 billion, compared to $512.30 billion in the same quarter last year [5]. - Total nonperforming assets are estimated at $2.38 billion, down from $2.42 billion a year ago [6]. - Total nonperforming loans are expected to be $2.36 billion, compared to $2.38 billion in the same quarter last year [6]. - The leverage ratio is estimated at 8.9%, slightly up from 8.7% a year ago [7]. - The Tier 1 risk-based ratio is projected at 11.7%, compared to 11.5% in the same quarter last year [7]. - Total capital risk-based is expected to be 13.5%, up from 13.4% a year ago [7]. Income Estimates - Net interest income (Fully Taxable-Equivalent - FTE) is projected to reach $3.48 billion, compared to $3.30 billion a year ago [8]. - Total noninterest income is expected to arrive at $2.02 billion, up from $1.88 billion in the same quarter last year [8]. - Asset management and brokerage income is forecasted at $374.66 million, compared to $364 million a year ago [9]. - Lending and deposit services are expected to reach $324.46 million, up from $305 million in the previous year [9]. - Net interest income is projected to be $3.45 billion, compared to $3.26 billion a year ago [9]. Stock Performance - Over the past month, shares of The PNC Financial Services Group have returned -6.3%, compared to the Zacks S&P 500 composite's -5.3% change [10].