Core Viewpoint - PNC Financial Services Group, Inc. is expected to report improved revenues and earnings for Q2 2025, driven by higher net interest income and fee income, despite rising expenses and provisions for credit losses [1][11][18]. Financial Performance Expectations - The earnings surprise history of PNC is strong, with an average surprise of 8.39% over the last four quarters [2]. - The Zacks Consensus Estimate for Q2 earnings per share is $3.56, reflecting a year-over-year increase of 7.9% [18]. - Total revenues are projected at $5.62 billion, indicating a 3.8% year-over-year increase [18]. Net Interest Income (NII) - NII is expected to rise by 1-2% in Q2 2025, supported by stable funding and deposit costs [3][4][11]. - The Zacks Consensus Estimate for NII is $3.55 billion, representing a sequential increase of 2% [5]. Loan Growth - Average loans are anticipated to increase by 1% sequentially, with projections indicating a 1.4% rise [4][5]. - Demand for commercial, industrial, real estate, and consumer loans has remained solid [4]. Non-Interest Revenues - Mortgage revenues are expected to decline by 2.7% sequentially, with estimates at $130.4 million due to stable mortgage rates [6][7]. - Asset management and brokerage income is projected to see a slight decline, with the consensus estimate at $387.8 million [8][10]. - Card and cash management revenues are expected to rise by 4.9% sequentially, with estimates at $726.4 million [12]. Expenses and Asset Quality - Non-interest expenses are projected to be stable at $3.43 billion, despite ongoing investments in technology and digitalization [13][14]. - Provisions for credit losses are expected to increase to $252.5 million, a sequential rise of 15.3% [15]. - Non-performing assets (NPAs) are estimated at $2.38 billion, indicating a 2.2% increase from the previous quarter [16]. Market Conditions - Global M&A activity has improved, with deal-making resuming towards the end of the quarter despite initial market volatility due to tariff announcements [9].

Key Takeaways DNBBY is set to report Q2 results, with NII likely pressured by lower deposit margins. A rebound in mergers and acquisitions can support modest gains in DNBBY's investment banking revenues. Elevated personnel, benefits and restructuring costs are expected to weigh on DNBBY's Q2 expense base.DNB Bank ASA (DNBBY) is slated to announce second-quarter 2025 results tomorrow.In the last reported quarter, this Zacks Rank #3 (Hold) stock reported an increase in net interest income (NII), as well as ...

Key Takeaways BK's Q2 earnings and revenues are projected to grow 14.6% and 5.6% y/y, respectively. Higher fee income and FX trading gains are expected to support BK's top-line results. NII is projected to rise 10.9% on loan growth and higher rates despite elevated expense levels.The Bank of New York Mellon Corporation (BK) is scheduled to report second-quarter 2025 results on July 15, before market open. The company’s quarterly revenues and earnings are expected to have increased on a year-over-year basi ...

Key Takeaways CMA now sees Q2 average deposits declining due to softness in middle market and corporate banking. Quarter-to-date loans rose $200M, with gains in corporate and private banking driving the increase. Comerica expects Q2 average loan balances to outperform its earlier guidance of a slight decline.Comerica Incorporated (CMA) has mentioned changes to its second-quarter 2025 outlook for loans and deposits at the Morgan Stanley US Financials, Payments & CRE Conference.Quarter to date through May 3 ...

Key Takeaways CM's Q2 adjusted EPS rose 17% to C$2.05, driven by higher revenues and loan and deposit growth. Total revenues climbed 14% to C$7.02B, led by gains in both net interest and non-interest income. Provision for credit losses jumped 18% to C$605M, while expenses rose 9% to C$3.82B.Canadian Imperial Bank of Commerce (CM) announced second-quarter fiscal 2025 (ended April 30) results last week. Adjusted earnings per share of C$2.05 increased 17% from the prior-year quarter.Results benefited from gr ...

Cullen/Frost Bankers, Inc. (CFR) reported first-quarter 2025 earnings per share of $2.30, up 6.9% from the prior-year quarter. The bottom line surpassed the Zacks Consensus Estimate by 5.9%.Results were primarily aided by a rise in non-interest income and net interest income (NII), alongside higher loan and deposit balances in the quarter. However, increased credit loss expenses were significant drags.The company reported net income available to its common shareholders of $149.3 million, up 11.4% from the p ...

Core Viewpoint - UMB Financial Corp. reported strong operating earnings in Q1 2025, driven by increased net interest income and non-interest income, despite challenges from weak asset quality and rising non-interest expenses [1][10]. Financial Performance - Operating earnings per share for Q1 2025 were $2.58, exceeding the Zacks Consensus Estimate of $2.21 and up from $2.47 in the same quarter last year [1]. - Net income on a GAAP basis was $81.3 million, reflecting a 26.2% decline year over year [2]. - Quarterly revenues reached $571.3 million, a 41% increase year over year, surpassing the Zacks Consensus Estimate by 2.9% [3]. - Net interest income (NII) on a fully taxable equivalent (FTE) basis was $405.1 million, up 64.7% from the prior-year quarter, with a net interest margin (NIM) of 2.96% compared to 2.48% a year ago [3]. Income and Expenses - Non-interest income totaled $166.2 million, a 4.4% increase year over year, primarily due to growth in trust and securities processing, service charges, and brokerage income [4]. - Non-interest expenses rose to $384.8 million, a 51% increase year over year, driven by higher salaries, legal and consulting expenses, and amortization of intangibles [4]. - The efficiency ratio was 65.19%, up from 63.44% in the prior-year quarter, indicating a decrease in profitability [5]. Loans and Deposits - Average loans and leases as of March 31, 2025, were $32.3 billion, a 27.8% sequential increase, while average deposits rose 32.3% year over year to $50.3 billion [6]. Credit Quality - The ratio of net charge-offs to average loans was 0.45%, significantly higher than 0.05% in the prior-year quarter [7]. - Total non-accrual and restructured loans amounted to $100.9 million, up from $17.8 million a year ago [7]. - The provision for credit losses was $86 million in Q1 2025, compared to $10 million in the same quarter last year [7]. Capital Ratios - As of March 31, 2025, the Tier 1 risk-based capital ratio was 10.35%, down from 11.09% a year earlier, while the Tier 1 leverage ratio improved slightly to 8.47% from 8.39% [8]. - The total risk-based capital ratio decreased to 12.54% from 13.03% in the prior-year quarter [8]. Profitability Ratios - Return on average assets was 0.54%, down from 1.06% in the year-ago quarter [9]. - Operating return on average common equity was 12.47%, compared to 15.44% in the prior-year quarter [9].

Deutsche Bank (DB) reported first-quarter 2025 earnings attributable to its shareholders of €1.78 billion ($2.01 billion), up 39.2% year over year.This Germany-based lender reported a profit before tax of €2.8 billion ($3.2 billion), up 39.3% year over year. The reported figure included €30 million ($34.1 million) of litigation items. Results were aided by a rise in revenues and lower expenses. However, higher provision for credit losses was a spoilsport.Deutsche Bank’s Revenues & ExpensesThe bank generated ...

HSBC Holdings (HSBC) reported first-quarter 2025 pre-tax profit of $9.48 billion, which declined 25% from the prior-year quarter.Results were affected by a fall in revenues, higher expected credit losses and other credit impairment charges (ECL), partially offset by a fall in expenses.HSBC’s Revenues Fall, Expenses DipTotal revenues were $17.65 billion, down 15% year over year. The fall was primarily due to lower net interest income (NII) and other operating income.Operating expenses declined marginally to ...

Core Viewpoint - BankUnited, Inc. (BKU) reported first-quarter 2025 earnings of 78 cents per share, exceeding the Zacks Consensus Estimate of 74 cents and up from 64 cents in the prior-year quarter [1] Financial Performance - Net income for the quarter was $58.5 million, reflecting a 21.9% increase from the previous year, surpassing the estimate of $56.6 million [2] - Quarterly net revenues reached $255.4 million, a 5.7% year-over-year increase, but fell short of the Zacks Consensus Estimate of $261.7 million [3] - Net interest income (NII) was $233.1 million, growing by 8.5%, while the net interest margin (NIM) expanded by 24 basis points to 2.81% [3] Income and Expenses - Non-interest income decreased by 17.1% to $22.3 million, primarily due to a 62.3% drop in lease financing income, which was below the projected $24.8 million [4] - Non-interest expenses rose slightly to $160.2 million, driven by increased employee compensation, technology costs, and other expenses, partially offset by lower depreciation costs [4] Loan and Deposit Trends - Total loans amounted to $24 billion, a slight decrease from the prior quarter, while total deposits were $28.1 billion, showing a marginal increase [5] Credit Quality - The provision for credit losses was $15.1 million, down 1.1% from the previous year, which was better than the expected $16.1 million [6] - The ratio of net charge-offs to average loans increased to 0.33%, up 31 basis points year-over-year, and the non-performing assets ratio rose to 0.76%, an increase of 42 basis points [6] Capital and Profitability Ratios - The Common Equity Tier 1 risk-based capital ratio improved to 12.2% from 11.6%, and the total risk-based capital ratio increased to 14.3% from 13.7% year-over-year [7] - Return on average assets was 0.68%, up from 0.54% in the prior year, and return on average stockholders' equity rose to 8.2% from 7.3% [7] Market Outlook - BankUnited's strategies to enhance fee income, attract low-cost deposits, and benefit from higher interest rates are expected to support revenue growth, despite rising expenses and exposure to commercial real estate and residential loans [8]