PNC FINANCIAL SERVICES GROUP INC
For the period ended Mar 31, 2025. Filed May 2, 2025.
View on SEC.govAbout this filing
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, 2025 · Filed May 2, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Income Statement Review
Our Consolidated Income Statement is presented in Item 1 of this Report.
Net income of $1.5 billion, or $3.51 per diluted common share, for the first quarter of 2025 decreased $128 million, or 8%, compared to $1.6 billion, or $3.77 per diluted common share, for the fourth quarter of 2024, due to lower noninterest and net interest income and a higher provision for credit losses, partially offset by lower noninterest expenses. Net income increased $155 million, or 12%, compared to $1.3 billion, or $3.10 per diluted common share, for the same period in 2024, driven by higher net interest and noninterest income, partially offset by a higher provision for credit losses and higher noninterest expenses.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.