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 -0.28% change in stock price 10 days leading up to the earnings, and a +3.06% change 10 days following the report. On the earnings day itself, the stock moves by -0.33%. This data can give you a slight idea of what to expect for the next quarter's release.
PNC Key Earning Data
PNC Earnings Analysis
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.
PNC FAQs
How does PNC typically perform around its earnings report dates?
PNC's stock performance around earnings reports can vary, but historical data shows specific patterns, such as a -0.28% change leading up to the report and a +3.06% change in the 10 days following the release.
