PNC Financial Q1 Earnings Top Estimates on Rise in NII & Fee Income

The PNC Financial Services Group, Inc.’s (PNC) first-quarter 2025 adjusted earnings per share of $3.51 surpassed the Zacks Consensus Estimate of$3.40. In the prior-year quarter, the company reported earnings per share of $3.36.Results were aided by a rise in fee income, NII and the loan balance. However, an increase in expenses and provision for credit losses acted as spoilsports.Net income (GAAP basis) was$1.49 billion, which jumped 11.5% from the prior-year quarter.PNC Financial’s Revenues & Expenses Ri ...