PNC Q2 2023 Earnings — The PNC Financial Services Group, Inc. Revenue & Financial Results | Market Cap Arena

PNCThe PNC Financial Services Group, Inc.

$84B

Q2 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$7.7B+44.5% YoY

Gross Profit

$5.1B66.6% margin

Operating Income

$1.8B23.0% margin

Net Income

$1.5B19.2% margin

EPS (Diluted)

$3.36

QoQ Revenue Growth

+1.0%

Cash Flow

Operating Cash Flow

$3.3B

Free Cash Flow

$3.3B

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$558.2B

Total Liabilities

$508.9B

Stockholders' Equity

$49.3B

Cash & Equivalents

$44.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$7.7B	$5.3B	+44.5%
Gross Profit	$5.1B	$5.1B	+1.3%
Operating Income	$1.8B	$1.8B	-3.3%
Net Income	$1.5B	$1.5B	+0.1%

Revenue Segments

Retail Banking 1

$3.1B56%

Corporate & Institutional Banking

$2.2B38%

Asset Management Group

$353M6%