PNC Q1 2023 Earnings — The PNC Financial Services Group, Inc. Revenue & Financial Results | Market Cap Arena

PNCThe PNC Financial Services Group, Inc.

$84B

Q1 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$7.6B+58.9% YoY

Gross Profit

$5.4B70.2% margin

Operating Income

$2.0B26.8% margin

Net Income

$1.7B21.9% margin

EPS (Diluted)

$3.98

QoQ Revenue Growth

+6.7%

Cash Flow

Operating Cash Flow

$1.9B

Free Cash Flow

$1.9B

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$561.8B

Total Liabilities

$512.7B

Stockholders' Equity

$49.0B

Cash & Equivalents

$39.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$7.6B	$4.8B	+58.9%
Gross Profit	$5.4B	$4.9B	+9.6%
Operating Income	$2.0B	$1.7B	+18.5%
Net Income	$1.7B	$1.4B	+19.1%

Revenue Segments

Retail Banking 1

$3.0B54%

Corporate & Institutional Banking

$2.3B40%

Asset Management Group

$357M6%