PNC Stock Recent News

PNC Financial reported Q1 earnings with a slight revenue miss but a 12-cent EPS beat, showing 13.2% YoY growth despite a -6.9% QoQ decline. Management reaffirmed guidance for modest loan growth and net interest income increase but flagged potential tariff impacts on non-interest income. PNC's stock is undervalued, trading at 1.4x price-to-tangible book value, with a 4.20% dividend yield.

PNC Financial Services Group is leveraging technology and its other strengths as it helps clients manage the uncertainty caused by tariffs, executives said Tuesday (April 15) during the bank's quarterly earnings call.

The PNC Financial Services Group, Inc. (NYSE:PNC ) Q1 2025 Earnings Conference Call April 15, 2025 10:00 AM ET Company Participants Bryan Gill - EVP and Director of IR Bill Demchak - Chairman and CEO Rob Reilly - EVP and CFO Conference Call Participants John Pancari - Evercore Bill Carcache - Wolfe Research Betsy Graseck - Morgan Stanley Scott Siefers - Piper Sandler Ebrahim Poonawala - Bank of America Mike Mayo - Wells Fargo Ken Usdin - Autonomous Research Erika Najarian - UBS Gerard Cassidy - RBC Capital Markets John McDonald - Truist Securities Matt O'Connor - Deutsche Bank Operator Greetings, and welcome to The PNC Financial Services Group First Quarter 2025 Earnings Conference Call. At this time all participants are in a listen-only mode.

PNC's first-quarter 2025 results reflect a rise in fee income and NII. Yet, increased expenses act as headwinds.

While the top- and bottom-line numbers for The PNC Financial Services Group (PNC) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

The PNC Financial Services Group, Inc (PNC) came out with quarterly earnings of $3.51 per share, beating the Zacks Consensus Estimate of $3.40 per share. This compares to earnings of $3.36 per share a year ago.

U.S. bank PNC Financial reported a rise in first-quarter profit on Tuesday, helped by a boost in interest income.

Expanded NIM; increased capital and TBV; maintained solid credit quality metrics PITTSBURGH , April 15, 2025 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the quarter In millions, except per share data and as noted 1Q25 4Q24 1Q24 First Quarter Highlights Financial Results Comparisons reflect 1Q25 vs. 4Q24 Net interest income $    3,476 $    3,523 $    3,264           Income Statement ▪   Net interest income decreased 1%     driven by two fewer days in the     quarter, partially offset by the benefit     of lower funding costs and fixed rate     asset repricing –  NIM expanded 3 bps to 2.78% ▪   Fee income decreased 2% due to a     slowdown in capital markets activity     and seasonality ▪   Other noninterest income of $137     million included negative $40 million     of Visa derivative adjustments ▪   Noninterest expense decreased 3%     as a result of 4Q24 asset     impairments and seasonal

Gerard Cassidy, RBC Capital Markets Managing Director, joins 'Closing Bell Overtime' to talk quarterly banking results.

A decline in NII and fee income and a rise in provisions are expected to have hurt PNC's Q1 earnings.