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PNC Financial (PNC) Q1 Earnings Beat Estimates, Costs Rise
PNCPNC(PNC) Zacks Investment Research·2024-04-17 00:56

The PNC Financial Services Group, Inc.’s (PNC) first-quarter 2024 adjusted earnings per share of 3.36surpassedtheZacksConsensusEstimateof3.36 surpassed the Zacks Consensus Estimate of 3.09. The adjusted figure excludes the impacts of expenses from the FDIC special assessment. In the prior-year quarter, the company reported earnings per share of $3.98.Results were aided by a rise in deposit balances and an improvement in the company’s credit quality. However, an increase in non-interest expenses and lower net interest income (NII) were headwinds ...