PNC Q1 2024 Earnings — The PNC Financial Services Group, Inc. Revenue & Financial Results | Market Cap Arena

PNCThe PNC Financial Services Group, Inc.

$84B

Q1 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$8.4B+9.6% YoY

Gross Profit

$5.0B59.5% margin

Operating Income

$1.7B19.8% margin

Net Income

$1.3B15.9% margin

EPS (Diluted)

$3.10

QoQ Revenue Growth

-1.1%

Cash Flow

Operating Cash Flow

$1.8B

Free Cash Flow

$1.8B

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$566.2B

Total Liabilities

$514.8B

Stockholders' Equity

$51.3B

Cash & Equivalents

$59.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$8.4B	$7.6B	+9.6%
Gross Profit	$5.0B	$5.4B	-7.0%
Operating Income	$1.7B	$2.0B	-19.1%
Net Income	$1.3B	$1.7B	-20.7%

Revenue Segments

Retail Banking 1

$3.4B55%

Corporate & Institutional Banking

$2.4B39%

Asset Management Group

$387M6%