- PNC Financial 1Q Revenue was $5.15 billion, missing the estimated $5.2 billion.
- The total loan amount was $319.78 billion, slightly below the estimated $320.29 billion.
- Deposits at the end of the period were $425.62 billion, exceeding the estimated $421.84 billion.
- The provision for credit loss was $155 million, lower than the estimated $230.6 million.
- The efficiency ratio was 65%, higher than the estimated 62.9%.
- Net interest income totaled $3.26 billion, below the estimated $3.3 billion.
- The net interest margin was 2.57%, lower than the estimate of 2.61%.
- Net charge-offs amounted to $243 million, exceeding the estimated $226.3 million.
- Non-interest income reached $1.88 billion, below the estimated $1.96 billion.
- Non-interest expenses were $3.33 billion, slightly lower than the estimated $3.36 billion.
- Return on average assets was 0.97%, higher than the estimated 0.91%.
- Return on average equity stood at 11.4%, more than the estimated 10.7%.
- Tier 1 Basel III ratio was 10.1%, exceeding the estimated 9.97%.
- The effective tax rate was 18.8%, slightly higher than the estimated 18.5%.
- Diluted EPS was $3.10
- There were 12 buys, 11 holds, and 2 sells.
A look at PNC Financial Services Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, PNC Financial Services Group shows a positive long-term outlook. With strong scores in value and dividend factors, the company demonstrates potential for solid performance in these areas. Additionally, its growth and momentum scores indicate a steady upward trajectory, albeit at a slightly lower level. However, the resilience score for PNC Financial Services Group could be an area of concern, suggesting some vulnerability in navigating challenging market conditions.
PNC Financial Services Group, Inc., a diversified financial services organization, offers regional banking, wholesale banking, and asset management services on a national scale and in key regional markets. The company’s robust scores in value and dividend highlight its strength in these aspects, while its growth and momentum scores reflect positive momentum for future prospects. Despite some lower resilience, PNC Financial Services Group shows promise for long-term growth and stability in the financial services sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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