PNC Financial reports Q3 EPS $4.35, consensus $4.04

Reports Q3 revenue $5.92B, consensus $5.81B. Reports Q3 tangible book value per share $107.84. Reports Q3 CET1 capital ratio 10.6%. Reports Q3 net charge-offs 0.22%. The company said, “We delivered another great quarter with better than expected financial results and steady client growth across all our business lines. Fee income grew 9% and expenses were well-controlled which contributed to another quarter of positive operating leverage. Credit performed well and we continued to build on our strong capital levels. The planned acquisition of FirstBank positions us for accelerated expansion in Colorado and Arizona as we continue to strategically grow our national franchise.”