PNC Reports Full Year 2024 Net Income of $6.0 Billion, $13.74 Diluted EPS
Portfolio Pulse from
PNC Financial Services Group reported a full-year 2024 net income of $6.0 billion and a diluted EPS of $13.74. The fourth quarter net income was $1.6 billion with a $3.77 diluted EPS. PNC saw a 3% increase in net interest income and an 11 basis point expansion in net interest margin, despite a 4% decrease in fee income.
January 16, 2025 | 11:45 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
PNC Financial Services Group reported strong financial results for 2024, with a net income of $6.0 billion and a diluted EPS of $13.74. The fourth quarter showed a net income of $1.6 billion and a $3.77 diluted EPS. The company achieved a 3% increase in net interest income and an 11 basis point expansion in net interest margin, although fee income decreased by 4%.
The strong financial performance, including increased net income and EPS, as well as growth in net interest income and margin, suggests a positive outlook for PNC's stock price in the short term. The decrease in fee income is a minor concern but is outweighed by the overall positive results.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100