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PNC Financial Services Group Inc (PNC.N)

PNC.N on New York Stock Exchange

126.24USD
21 Jul 2017
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Latest Key Developments (Source: Significant Developments)

PNC Financial Services Q2 earnings per share $2.10
Friday, 14 Jul 2017 06:38am EDT 

July 14 (Reuters) - PNC Financial Services Group Inc ::PNC reports second quarter 2017 net income of $1.1 billion, $2.10 diluted eps.Q2 revenue $4.1 billion.Q2 earnings per share $2.10.Q2 earnings per share view $2.02 -- Thomson Reuters I/B/E/S.Qtrly net interest income increased $98 million, or 5 percent, to $2.3 billion.PNC Financial Services Group Inc - ‍loans grew $5.2 billion, or 2 percent, to $218.0 billion at June 30, 2017 compared with March 31, 2017​.Qtrly provision for credit losses increased $10 million to $98 million.PNC Financial Services Group Inc - transitional basel iii common equity tier 1 capital ratio was an estimated 10.3 percent at june 30, 2017.PNC Financial Services Group Inc - ‍net charge-offs decreased to $110 million for Q2 compared with $118 million for q1​.PNC Financial Services Group Inc says net interest margin increased to 2.84 percent for Q2 of 2017 compared with 2.77 percent for Q1.PNC Financial Services Group - pro forma fully phased-in basel iii common equity tier 1 capital ratio was an estimated 9.8 percent at June 30, 2017.PNC Financial Services Group - ‍total deposits at june 30, decreased $1.5 billion versus march 31, 2017 reflecting seasonal decline in consumer deposit balances​.Q2 revenue view $3.99 billion -- Thomson Reuters I/B/E/S.  Full Article

PNC Financial Services no objection to its capital plan
Wednesday, 28 Jun 2017 04:45pm EDT 

June 28 (Reuters) - PNC Financial Services Group Inc ::PNC Financial services-‍capital plan included recommendation to increase quarterly dividend by 20 cents per share, or 36 percent, to 75 cents per share​.PNC Financial Services Group Inc - ‍capital plan also included share repurchase programs of up to $2.7 billion for four-quarter period​.PNC Financial Services Group Inc - new ‍programs include repurchases of up to $300 million related to employee benefit plans​.  Full Article

PNC reports Q1 earnings of $1.96/shr
Thursday, 13 Apr 2017 06:40am EDT 

PNC Financial Services Group Inc : PNC reports first quarter 2017 net income of $1.1 billion, $1.96 diluted eps . Q1 revenue $3.9 billion . Q1 earnings per share $1.96 . Q1 earnings per share view $1.82 -- Thomson Reuters I/B/E/S . PNC Financial Services Group Inc - qtrly net interest income increased $30 million, or 1 percent, to $2.2 billion . PNC Financial Services Group Inc - Transitional basel III common equity tier 1 capital ratio was an estimated 10.5 percent at March 31, 2017 . PNC Financial Services Group Inc - qtrly provision for credit losses was $88 million, an increase of $21 million . PNC Financial Services Group - pro forma fully phased-in basel III common equity tier 1 capital ratio was an estimated 10.0 percent at March 31, 2017 . PNC Financial Services- net interest margin increased to 2.77 percent for q1 of 2017 compared with 2.69 percent for Q4 and 2.75 percent for Q1 of 2016 .PNC Financial Services Group Inc - net charge-offs increased to $118 million for Q1 compared with $106 million for Q4.  Full Article

PNC to acquire ECN Capital's U.S. Commercial, vendor finance business
Tuesday, 21 Feb 2017 07:42am EST 

PNC Financial Services Group Inc : PNC to acquire ECN Capital's U.S. Commercial, vendor finance business . PNC Financial Services Group Inc - acquisition is expected to be modestly accretive to 2017 earnings per share .PNC Financial Services Group Inc- transaction is currently expected to be completed in Q2 of 2017.  Full Article

PNC reports 4th-qtr EPS of $1.97
Friday, 13 Jan 2017 06:32am EST 

PNC Financial Services Group Inc : PNC reports full year 2016 net income of $4.0 billion, $7.30 diluted EPS . Q4 earnings per share $1.97 . Q4 revenue $3.9 billion . Q4 earnings per share view $1.85 -- Thomson Reuters I/B/E/S . Q4 revenue view $3.87 billion -- Thomson Reuters I/B/E/S . Net charge-offs declined to $106 million for Q4 compared with $154 million for Q3 . Qtrly net interest income increased $35 million, or 2 percent, to $2.1 billion from Q3 . Net interest margin was 2.69 percent for Q4 of 2016 compared with 2.68 percent for Q3 . Pro forma fully phased-in Basel III Common Equity Tier 1 capital ratio was estimated at 10 percent as of Dec 31, 2016 . Qtrly provision for credit losses was $67 million, a decrease of $20 million from Q3 .Transitional Basel III Common Equity Tier 1 capital ratio was an estimated 10.6 percent at December 31, 2016.  Full Article

PNC reports Q3 earnings per share $1.84
Friday, 14 Oct 2016 06:45am EDT 

PNC Financial Services Group Inc : Pnc reports third quarter 2016 net income of $1.0 billion, $1.84 diluted eps . Q3 earnings per share $1.84 . Q3 revenue rose 1 percent to $3.8 billion . Q3 earnings per share view $1.78 -- Thomson Reuters I/B/E/S . PNC Financial Services Group Inc - net charge-offs increased to $154 million for q3 compared with $134 million for q2 . Pnc financial services group inc qtrly provision for credit losses was $87 million, a decrease of $40 million compared with Q2 2016 . PNC Financial Services Group Inc - net interest margin was 2.68 percent for Q3 of 2016 compared with 2.70 percent for Q2 . PNC Financial Services Group Inc qtrly net interest income $2,095 million versus $2,062 million . PNC Financial Services Group Inc - transitional basel III common equity tier 1 capital ratio was an estimated 10.6 percent at sept 30 versus 10.6 percent at June 30 .PNC Financial Services -pro forma fully phased-in basel III common equity tier 1 capital ratio was an estimated 10.2 percent at Sept. 30 versus 10.2 percent at June 30.  Full Article

PNC Financial Services Group sees Q3 net interst income stable with 2Q16
Friday, 15 Jul 2016 02:17pm EDT 

PNC Financial Services Group Inc : Sees Q3 net interst income stable with 2Q16 - SEC Filing . Sees Q3 loans up modestly from 2Q16 . Sees Q3 loan loss provision of $100 million-$150 million Source - http://bit.ly/29J5fil Further company coverage: [PNC.N] (Bengaluru Newsroom; +1 646 223 8780).  Full Article

PNC Financial Services Group reports Q2 earnings per share $1.82
Friday, 15 Jul 2016 06:34am EDT 

PNC Financial Services Group Inc - : PNC reports second quarter 2016 net income of $989 million, $1.82 diluted EPS . Q2 earnings per share $1.82 . Net interest income of $2.1 billion for Q2 decreased $30 million, or 1 percent, compared with Q1 . Says net charge-offs were $134 million for Q2 and $149 million for Q1 . PNC Financial Services Group Inc says board of directors raised quarterly dividend on common stock to 55 cents per share, an increase of 4 cents per share . Provision for credit losses declined to $127 million for Q2 from $152 million in Q1 . PNC Financial Services Group Inc says pro forma fully-phased in Basel III common equity tier 1 capital ratio was an estimated 10.2 percent at June 30, 2016 . PNC Financial Services Group Inc says transitional Basel III common equity tier 1 capital ratio was an estimated 10.6 percent at both June 30, 2016 .Says net interest margin was 2.70 percent for Q2 of 2016 compared with 2.75 percent for Q1.  Full Article

PNC raises common stock dividend to 55 cents per share
Thursday, 7 Jul 2016 10:24am EDT 

PNC Financial Services Group Inc : PNC raises common stock dividend to 55 cents per share .Qtrly dividend an increase of 4 cents per share, or 8 percent, from q2 dividend of 51 cents per share.  Full Article

PNC Financial Services to repurchase up to $2 bln in shares
Wednesday, 29 Jun 2016 04:45pm EDT 

PNC Financial Services Group Inc : PNC receives no objection to its capital plan . Plan included a recommendation to increase quarterly cash dividend on common stock by $0.04 cents per share, or 7.8 percent, to $0.55 cents per share . Capital plan also included share repurchase programs of up to $2.0 billion for four-quarter period beginning in Q3 of 2016 .Programs include repurchases of up to $200 million related to employee benefit plans.  Full Article

Fitch: PNC's 2nd Quarter Earnings Lifted by Higher Interest Rates

(The following statement was released by the rating agency) CHICAGO, July 17 (Fitch) PNC Financial Services Group, Inc. (PNC) reported $1.1 billion of net income in the second quarter of 2017 (2Q17), up 2.1% on a linked quarter basis and 10.9% from the year-ago period. Return on average assets (ROA) was flat from the linked quarter at 1.2% while return on average equity (ROE) increased modestly to 9.9%. PNC's higher net income was driven by growth in net interest and noninterest revenue, offset