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PNC Financial (PNC)
NYSE:PNC
Earnings Data
Report Date
Apr 15, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
3.41Last Year’s EPS
3.1Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 16, 2025
|% Change Since: -11.73%
|Next Earnings Date:Apr 15, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial performance for PNC in 2024 with record revenue, positive operating leverage, and successful expansion in new markets. However, there were challenges in loan demand and the CRE office portfolio, alongside a decline in mortgage revenue and negative AOCI impact due to higher rates.Company Guidance
During the PNC Financial Services Group's Q4 2024 earnings call, the company provided forward guidance for 2025, highlighting several key metrics. PNC expects net interest income (NII) to grow by 6% to 7%, driven by continued fixed-rate asset repricing and stable loan growth assumptions. Fee income is anticipated to increase by approximately 5%, supported by mid to high single-digit growth in areas such as asset management, capital markets, and card and treasury management. Despite uncertainties, PNC aims for a 1% increase in noninterest expenses, reflecting ongoing investments in business and technology. The company projects substantial positive operating leverage for the year, with a focus on maintaining strong capital levels and a CET1 ratio of 10.5% as of December 31. PNC's guidance also incorporates expectations of two Federal Reserve rate cuts in 2025.Strong Financial Performance in 2024
PNC reported a solid fourth quarter and a very strong year with $6 billion earnings or $13.74 per share, achieving record revenue and maintaining expense discipline.
Record Revenue and Positive Operating Leverage
PNC generated record revenue of $21.6 billion for the full year 2024 with a 6% increase in fee income, resulting in positive operating leverage.
Expansion Markets Success
Sales in expansion markets grew 26% with over 60% of those sales being noncredit, indicating strong growth in new client acquisition.
Retail Banking and Asset Management Growth
Consumer DDA growth in 2024 was the highest in 8 years with record brokerage revenue at PNC investments and strong positive net flows in asset management.
Capital and Shareholder Returns
Increased tangible book value per share by 12% and returned $3 billion of capital to shareholders through dividends and share buybacks.
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PNC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PNC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 16, 2025 | $200.44 | $196.54 | -1.95% |
| Oct 15, 2024 | $185.42 | $189.18 | +2.03% |
| Jul 16, 2024 | $166.24 | $174.07 | +4.71% |
| Apr 16, 2024 | $145.71 | $142.76 | -2.02% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does PNC Financial (PNC) report earnings?
PNC Financial (PNC) is schdueled to report earning on Apr 15, 2025, TBA Not Confirmed.
What is PNC Financial (PNC) earnings time?
PNC Financial (PNC) earnings time is at Apr 15, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PNC EPS forecast?
PNC EPS forecast for the fiscal quarter 2025 (Q1) is 3.41.
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