PNC Financial reports Q1 EPS $3.51, consensus $3.39

Reports Q1 revenue $5.45B, consensus $5.48B. Reports Q1 CET1 capital ratio 10.6%. Reports Q1 tangible book value per share $100.40. The company said, “PNC had a strong start to the year. We grew customers and commercial loans, expanded our net interest margin, increased capital levels and maintained solid credit quality metrics. While market uncertainty impacted our capital markets activity, expenses remained well-controlled, resulting in another quarter of strong results. Regardless of market developments, our balance sheet is well-positioned and we continue to expect record net interest income and solid positive operating leverage in 2025.”