PNC Q3 2023 Earnings — The PNC Financial Services Group, Inc. Revenue & Financial Results | Market Cap Arena

PNCThe PNC Financial Services Group, Inc.

$84B

Q3 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$8.0B+29.2% YoY

Gross Profit

$5.1B63.7% margin

Operating Income

$1.9B23.2% margin

Net Income

$1.6B19.4% margin

EPS (Diluted)

$3.60

QoQ Revenue Growth

+3.8%

Cash Flow

Operating Cash Flow

$115M

Free Cash Flow

$115M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$557.3B

Total Liabilities

$507.9B

Stockholders' Equity

$49.5B

Cash & Equivalents

$46.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$8.0B	$6.2B	+29.2%
Gross Profit	$5.1B	$5.3B	-3.8%
Operating Income	$1.9B	$2.0B	-8.3%
Net Income	$1.6B	$1.6B	-4.3%

Revenue Segments

Retail Banking 1

$3.4B56%

Corporate & Institutional Banking

$2.2B37%

Asset Management Group

$362M6%