PNC Q4 2023 Earnings — The PNC Financial Services Group, Inc. Revenue & Financial Results | Market Cap Arena

PNCThe PNC Financial Services Group, Inc.

$84B

Q4 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$8.5B+18.1% YoY

Gross Profit

$5.1B60.5% margin

Operating Income

$1.1B12.5% margin

Net Income

$864M10.2% margin

EPS (Diluted)

$1.85

QoQ Revenue Growth

+5.7%

Cash Flow

Operating Cash Flow

$4.9B

Free Cash Flow

$4.9B

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$561.6B

Total Liabilities

$510.4B

Stockholders' Equity

$51.1B

Cash & Equivalents

$50.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$8.5B	$7.2B	+18.1%
Gross Profit	$5.1B	$5.4B	-4.2%
Operating Income	$1.1B	$1.9B	-43.9%
Net Income	$864M	$1.5B	-43.5%

Revenue Segments

Retail Banking 1

$3.4B53%

Corporate & Institutional Banking

$2.6B41%

Asset Management Group

$380M6%