6,294
edits
Bank Earnings:Historical Results/2023 Q2: Difference between revisions
Bank Earnings:Historical Results/2023 Q2 (view source)
Revision as of 15:23, 18 July 2023
, 18 July 2023no edit summary
No edit summary |
No edit summary |
||
| Line 347: | Line 347: | ||
| | | | ||
| -10% Q/Q | | -10% Q/Q | ||
| | |||
|- | |||
| rowspan="8" | | |||
==== PNC Financial ==== | |||
|Revenue<ref>https://d1io3yog0oux5.cloudfront.net/_56320b77b2d7bb4a47a2a83c2e66aef0/pnc/db/2250/21453/earnings_release/2Q23+Earnings+Release_Final.pdf | |||
https://ng.investing.com/news/stock-market-news/pnc-financial-services-slides-after-revenue-miss-guidance-cut-432SI-933839</ref> | |||
|$5.45 billion | |||
|$5.29 billion | |||
|"For the second quarter, PNC delivered solid financial results and maintained strong credit quality metrics, reflecting the power of our national franchise and the competitive positioning of our balance sheet in the current environment. The Federal Reserve's annual stress test recently demonstrated PNC’s through-thecycle financial strength and stability, and starting in the fourth quarter, our stress capital buffer requirement will improve to the regulatory minimum of 2.5%. In consideration of our strong capital levels and the board's confidence in our strategy and outlook, in July the board approved a 5 cent increase to our quarterly stock dividend," CEO Bill Demchak said. | |||
|- | |||
|EPS | |||
|$3.29 | |||
|$3.36 | |||
| | |||
|- | |||
|Net interest income | |||
| | |||
|$3.5 billion(+15% Y/Y and -2% Q/Q). Lowered outlook for net interest income for for the year to 5-6% from 6-8% growth. | |||
| | |||
|- | |||
|Net interest margin | |||
| | |||
|2.79% versus 2.84% in Q1 2023 and 2.50% in Q2 2022. | |||
| | |||
|- | |||
|Average Deposits | |||
| | |||
|$425.7 billion(+4.7% Y/Y and -2% Q/Q) | |||
| | |||
|- | |||
|Average Loans | |||
| | |||
|$324.5 billion( +6% Y/Y and flat Q/Q) | |||
| | |||
|- | |||
|Provision for credit losses | |||
| | |||
|$146 million(+305% Y/Y and -37% Q/Q) | |||
| | |||
|- | |||
|Net loan charge-offs | |||
| | |||
|$ 194 million(+133% Y/Y and flat Q/Q). | |||
| | | | ||
|} | |} | ||
== References == | == References == | ||