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 ...