PNC FINANCIAL SERVICES GROUP INC
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
PNC$231.30+2.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Income Statement
| Unaudited | Three months ended March 31 | |
|---|---|---|
| In millions, except per share data | 2024 | 2023 |
| Interest Income | ||
| Loans | $4,819 | $4,258 |
| Investment securities | 883 | 885 |
| Other | 798 | 516 |
| Total interest income | 6,500 | 5,659 |
| Interest Expense | ||
| Deposits | 2,077 | 1,291 |
| Borrowed funds | 1,159 | 783 |
| Total interest expense | 3,236 | 2,074 |
| Net interest income | 3,264 | 3,585 |
| Noninterest Income | ||
| Asset management and brokerage | 364 | 356 |
| Capital markets and advisory | 259 | 262 |
| Card and cash management | 671 | 659 |
| Lending and deposit services | 305 | 306 |
| Residential and commercial mortgage | 147 | 177 |
| Other | 135 | 258 |
| Total noninterest income | 1,881 | 2,018 |
| Total revenue | 5,145 | 5,603 |
| Provision For Credit Losses | 155 | 235 |
| Noninterest Expense | ||
| Personnel | 1,794 | 1,826 |
| Occupancy | 244 | 251 |
| Equipment | 341 | 350 |
| Marketing | 64 | 74 |
| Other | 891 | 820 |
| Total noninterest expense | 3,334 | 3,321 |
| Income before income taxes and noncontrolling interests | 1,656 | 2,047 |
| Income taxes | 312 | 353 |
| Net income | 1,344 | 1,694 |
| Less: Net income attributable to noncontrolling interests | 14 | 17 |
| Preferred stock dividends | 81 | 68 |
| Preferred stock discount accretion and redemptions | 2 | 2 |
| Net income attributable to common shareholders | $1,247 | $1,607 |
| Earnings Per Common Share | ||
| Basic | $3.10 | $3.98 |
| Diluted | $3.10 | $3.98 |
| Average Common Shares Outstanding | ||
| Basic | 400 | 401 |
| Diluted | 400 | 402 |
40 The PNC Financial Services Group, Inc. –Form 10-Q
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