PNC Reports First Quarter 2016 Net Income Of $943 Million, $1.68 Diluted EPS

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Go back to PNC Reports First Quarter 2016 Net Income Of $943 Million, $1.68 Diluted EPS

PNC Financial Services (PNC) Misses Q1 EPS by 2c

April 14, 2016 6:39 AM EDT

PNC Financial Services (NYSE: PNC) reported Q1 EPS of $1.68, $0.02 worse than the analyst estimate of $1.70. Revenue for the quarter came in at $3.67 billion versus the consensus estimate of $3.75 billion.

Balance Sheet Highlights

Loans grew $.8 billion to $207.5 billion at March 31, 2016 compared with December 31, 2015.Total commercial lending grew $1.6 billion, or 1 percent, primarily in PNC's corporate banking and real estate businesses.Total consumer lending... More