PNC Bank

PNC Q1 Income More than Doubles to $1.82B

PITTSBURGH – PNC Financial Services Group reports first-quarter net income of $1.82 billion, or $4.10 diluted earnings per share, more than double its income in the first quarter of 2020. A year ago, the bank reported net income of $759 million, or $1.59 diluted earnings per share. Fourth-quarter income was $1.45 billion, or $3.26 per share. “PNC had a solid start to 2021. We grew revenue, managed expenses and achieved positive operating leverage. We recorded a substantial provision re

Want to continue reading?

Subscribe to The Business Journal

Just $24/year (digital only) or $42/year (print + digital) will get you full access to all of our articles every month.

Subscribe Today

Copyright 2022 The Business Journal, Youngstown, Ohio.