PNC Earnings Prediction
The chart below shows how PNC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PNC sees a -0.37% change in stock price 10 days leading up to the earnings, and a +3.73% change 10 days following the report. On the earnings day itself, the stock moves by -0.41%. This data can give you a slight idea of what to expect for the next quarter's release.
PNC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
5.39B
3.20%
0.48%
Gross Margin
--
--
--
Operating Margin
36.81%
22.46%
6.05%
Net Margin
30.19%
78.53%
7.59%
EPS
3.77
103.78%
8.02%
No Data Available
PNC Earnings Analysis
PNC Financial Services Group Inc Corporation (PNC.N) Earnings Conference Call
Positive
Strong Financial Performance: For the full year 2024, PNC earned $6 billion, or $13.74 per share, reflecting strong financial performance.
Fee Income Growth: Fee income grew by 6%, contributing to record revenue for the year.
Tangible Book Value Growth: Tangible book value per share increased by 12% compared to the previous year, indicating strong capital growth.
Shareholder Capital Return: PNC returned $3 billion of capital to shareholders through dividends and share buybacks, demonstrating commitment to shareholder value.
Consumer DDA Growth Surge: Consumer DDA growth in 2024 was the highest in eight years, showcasing strong customer growth and engagement.
Negative
Stable Loan Demand: Loan demand remained soft throughout the year, with average loan balances stable at $319 billion, indicating a lack of growth in lending activities.
Loan Yield Decline: The yield on total loans decreased by 26 basis points to 5.87% in the fourth quarter, primarily driven by lower short-term rates, reflecting declining loan profitability.
Non-Interest Income Decline: Non-interest income of $2 billion decreased by $84 million, or 4% linked quarter, primarily due to declines in asset management and capital markets fees, indicating weakening revenue streams.
Non-Interest Expense Increase: Fourth quarter non-interest expense increased by $179 million, or 5%, including $79 million of non-core expenses, which reflects rising operational costs despite efforts to maintain expense discipline.
Mortgage Revenue Decline: Mortgage revenue declined by $59 million linked quarter, primarily due to elevated hedge gains in the third quarter, highlighting volatility in the mortgage segment.
