PNC Financial Services Group

NYSE:PNC   3:59:59 PM EDT
111.60
-3.21 (-2.80%)
Other Pre-Announcement

PNC Reports Q3 Net Income Of $1.5 Bln

Published: 10/14/2020 11:21 GMT
PNC Financial Services Group Inc (PNC) - Pnc Reports Third Quarter 2020 Net Income of $1.5 Billion, $3.39 Diluted Eps.
Q3 Revenue $4.3 Billion Versus Refinitiv Ibes Estimate of $4 Billion.
Qtrly Net Interest Income of $2.5 Billion Decreased $43 Million, Or 2% Q-o-q.
Qtrly Provision for Credit Losses Was $52 Million, a Decrease of $2.4 Billion.
Pnc Financial Services Group - Qtrly Average Loans Decreased $15.0 Billion, Or 6%, to $253.1 Billion Versus Q2.
Qtrly Net Interest Margin Decreased 13 Basis Points to 2.39% Q-o-q.
Pnc Financial Services Group - Net Loan Charge-offs Were $155 Million for Q3 Versus $236 Million for Q2.
Pnc Financial Services Group - Basel Iii Common Equity Tier 1 Capital Ratio Was an Estimated 11.7% at September 30, 2020 and 11.3% at June 30, 2020.
Q3 Earnings per Share View $2.12 -- Refinitiv Ibes Data (analyst estimates).