The PNC Financial Services Group, Inc. (PNC) reported fourth-quarter 2023 earnings per share of $3.16, which surpassed the Zacks Consensus Estimate of $2.99. The outperformance was aided by lower provision for credit losses and adjusted non-interest expenses compared with the year-ago quarter's level.Lower Provision for Credit Losses & Expenses Fuel OutperformanceNon-interest expenses totaled $4.1 billion in the fourth quarter of 2023. This included the impact of FDIC special assessment and workforce reduct ...

逾期贷款和不良贷款 - PNC金融服务集团第四季度逾期贷款、总不良贷款和净贷款核销均有所增加[1] - 第四季度逾期贷款增加了8%，不良贷款增加了3%[6] - 逾期贷款和净贷款核销主要受到消费者和商业贷款的推动，而不良贷款在商业贷款中较高，但在消费者贷款中较低[7] 商业地产贷款 - 商业地产（CRE）组合是导致增加的一个显著因素[2] - 总净贷款核销额中，有5600万美元来自商业地产客户[3] - CRE办公室组合仍然是我们看到最大压力的地方，第四季度的净贷款核销额为5600万美元[5] 公司存款趋势 - 针对公司存款，资金正在流向最大的银行，这是在2023年3月的银行动荡以及早期金融危机之后的长期趋势[10] - 在3月的“小危机”之后，PNC“几乎没有”从这一趋势中受益，而较小的银行挣扎，较大的银行更容易吸引公司存款[11] - 这一趋势在3月的小危机中加速，企业明确地不一定信任监管环境能够确保他们在银行的存款安全，因此我们看到这些存款流向大银行[12]

财务数据 - PNC金融服务集团第四季度净收入为8.83亿美元[5] - 第四季度调整后每股收益为3.16美元[5] - 贷款平均余额增长2%，达到3250亿美元[8] - 投资证券组合收益率为2.59%[10] - 第四季度总收入为54亿美元，较2023年第三季度增加了1.28亿美元[11] - 非利息支出为41亿美元，较上一季度增加8.29亿美元[11] - 2023年全年收入较2022年增长2%[11] - 核心非利息支出得到有效控制，增长1%[11] - 调整后的营业收入增长2%[11] - 2023年全年核心非利息支出得到有效控制，增长1%[11] - 第四季度收入同比增长2%，主要由于强劲的手续费收入，净利息收入略有下降[12] - 资本市场和咨询费用增长84%，资产管理和经纪收入增长3%，住宅和商业抵押贷款收入下降26%[12] - 第四季度非利息支出为41亿美元，较上一季度增加8.29亿美元，其中包括6.65亿美元的非核心费用[13] - 核心非利息支出环比增长5%，全年核心非利息支出增长1%[13] 未来展望 - 预计2024年全年贷款增长3%至4%，总收入稳定至下降2%[16] - 预计2024年第一季度净利息收入下降2%至3%，手续费收入下降6%至8%[16] - 预计2024年全年非利息收入增长4%至6%[16] - 预计2024年全年核心非利息支出稳定[16] - 预计2024年第一季度净坏账准备金在2亿至2.5亿美元之间[16] - 2024年指导预期暗示运营杠杆率负100个基点[28] - NII预测对于利率削减或不削减是相对稳定的[29] - 预测中的变化可能出现在存款贝塔、利息支出和收益率曲线陡峭度方面[31] - 预计NII在年初下降，然后在利率削减后回升，并在2025年达到纪录水平[34] - 预计商业和高净值客户的存款成本下降速度较快，而核心消费者的存款成本可能会继续上升[36] - 预计商业贷款增长将在下半年出现，而消费者贷款增长将缓慢稳定[39] 市场扩张和并购 - 公司与私募股权公司合作，但目前竞争不是很激烈[45] 新产品和新技术研发 - 公司持有Visa股份，有1.5亿美元的未实现收益，将根据Visa股东的投票结果制定后续的变现计划[49] 其他新策略 - 公司计划在第一季度至少进行1亿美元的股票回购，可能会更多，具体取决于市场指示[61]

PNC金融服务集团第四季度表现 - PNC金融服务集团第四季度的利润受到监管机构的罚款和裁员费用的影响[1] - PNC报告2023年第四季度净收入下降43%，至8.83亿美元，每股1.85美元，低于预期[3] - 公司表示净利息收入比去年同期减少2.81亿美元，净利息净利差下降26个基点[5]

The PNC Financial Services Group, Inc.’s (PNC) fourth-quarter 2023 adjusted earnings per share of $3.16 surpassed the Zacks Consensus Estimate of $2.99. However, the bottom line reflects an 8.9% decline year over year.Results were aided by a rise in loan balances and an improvement in the company’s credit quality. However, an increase in non-interest expenses and lower net interest income (NII) were headwinds.Net income was $883 million, plunging 43% from the prior-year quarter.For 2023, adjusted earnings o ...

The PNC Financial Services Group, Inc (PNC) reported $5.36 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 7%. EPS of $3.16 for the same period compares to $3.49 a year ago.The reported revenue represents a surprise of +1.58% over the Zacks Consensus Estimate of $5.28 billion. With the consensus EPS estimate being $2.99, the EPS surprise was +5.69%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

The PNC Financial Services Group, Inc (PNC) came out with quarterly earnings of $3.16 per share, beating the Zacks Consensus Estimate of $2.99 per share. This compares to earnings of $3.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.69%. A quarter ago, it was expected that this company would post earnings of $3.18 per share when it actually produced earnings of $3.60, delivering a surprise of 13.21%.Over the last four qu ...

Fourth quarter 2023 net income was $0.9 billion, $1.85 diluted EPS or $3.16 as adjusted Grew revenue; increased average loans and deposits PITTSBURGH, Jan. 16, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the quarter For the year In millions, except per share data and as noted 4Q23 3Q23 2023 2022 Fourth Quarter Highlights Financial Results Comparisons reflect 4Q23 vs. 3Q23 Revenue $    5,361 $    5,233 $  21,490 $ 21 ...

Wall Street analysts expect The PNC Financial Services Group, Inc (PNC) to post quarterly earnings of $3 per share in its upcoming report, which indicates a year-over-year decline of 14%. Revenues are expected to be $5.28 billion, down 8.5% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 1.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this ...

Wall Street expects a year-over-year decline in earnings on lower revenues when The PNC Financial Services Group, Inc (PNC) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be ...