PNC said net income for Q1 2024 was $1.3 billion, and diluted earnings per share (EPS) was $3.10. Excluding the $130 million pre-tax FDIC special assessment, adjusted diluted EPS (non-GAAP) was $3.36.

8-KRegulation FD DisclosureFiled Apr 16, 2024Period of report Apr 16, 2024Summary published (UTC) Oct 27, 2026

Key points

AI summary

PNC said net income for Q1 2024 was $1.3 billion, and diluted earnings per share (EPS) was $3.10. Excluding the $130 million pre-tax FDIC special assessment, adjusted diluted EPS (non-GAAP) was $3.36.
The company said its allowance for credit losses to total loans was 1.68% and its nonperforming loans to total loans was 0.74% as of the end of Q1 2024. As of 3/31/24, office CRE loans totaled $7.8 billion, and reserves to loans were 9.7%.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

Q1 2024 Net Income and Diluted EPS

PNC said net income for Q1 2024 was $1.3 billion, and diluted earnings per share (EPS) was $3.10. Excluding the $130 million pre-tax FDIC special assessment, adjusted diluted EPS (non-GAAP) was $3.36.

Source · Based on the filing body and exhibits

Credit Quality and Office CRE

The company said its allowance for credit losses to total loans was 1.68% and its nonperforming loans to total loans was 0.74% as of the end of Q1 2024. As of 3/31/24, office CRE loans totaled $7.8 billion, and reserves to loans were 9.7%.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

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