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PNC Financial Services (PNC) Posts Q3 EPS of $1.84

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PNC Reports Third Quarter 2016 Net Income of $1.0 Billion, $1.84 Diluted EPS

October 14, 2016 6:46 AM EDT

PITTSBURGH, Oct. 14, 2016 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported net income of $1.0 billion, or $1.84 per diluted common share, for the third quarter of 2016 compared with net income of $989 million, or $1.82 per diluted common share, for the second quarter of 2016 and net income of $1.1 billion, or $1.90 per diluted common share, for the third quarter of 2015.

"PNC delivered another good quarter," said William S. Demchak, chairman, president and chief executive officer. "We grew revenue and managed expenses, loans and deposits increased, and capital levels were strong.... More