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Compared to Estimates, The PNC Financial Services Group (PNC) Q4 Earnings: A Look at Key Metrics
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For the quarter ended December 2024, The PNC Financial Services Group, Inc (PNC - Free Report) reported revenue of $5.57 billion, up 3.8% over the same period last year. EPS came in at $3.77, compared to $3.16 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $5.47 billion, representing a surprise of +1.71%. The company delivered an EPS surprise of +14.24%, with the consensus EPS estimate being $3.30.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how The PNC Financial Services Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency ratio: 63% versus the six-analyst average estimate of 62.5%.
Net interest margin: 2.8% versus 2.7% estimated by six analysts on average.
Total interest-earning assets - Average balance: $511.19 billion versus $516.96 billion estimated by six analysts on average.
Total nonperforming assets: $2.36 billion versus the six-analyst average estimate of $2.67 billion.
Net charge-offs to average loans: 0.3% compared to the 0.4% average estimate based on six analysts.
Book value per common share: $122.94 versus $127.69 estimated by six analysts on average.
Total nonperforming loans: $2.33 billion versus $2.57 billion estimated by four analysts on average.
Tier 1 risk-based ratio: 11.9% versus 11.7% estimated by three analysts on average.
Leverage Ratio: 9% versus 8.7% estimated by three analysts on average.
Total capital risk-based: 13.6% versus 13.3% estimated by two analysts on average.
Net interest income (Fully Taxable-Equivalent - FTE) (non-GAAP): $3.55 billion versus $3.50 billion estimated by seven analysts on average.
Total Noninterest Income: $2.04 billion compared to the $1.99 billion average estimate based on seven analysts.
Shares of The PNC Financial Services Group have returned +4.4% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, The PNC Financial Services Group (PNC) Q4 Earnings: A Look at Key Metrics
For the quarter ended December 2024, The PNC Financial Services Group, Inc (PNC - Free Report) reported revenue of $5.57 billion, up 3.8% over the same period last year. EPS came in at $3.77, compared to $3.16 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $5.47 billion, representing a surprise of +1.71%. The company delivered an EPS surprise of +14.24%, with the consensus EPS estimate being $3.30.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how The PNC Financial Services Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency ratio: 63% versus the six-analyst average estimate of 62.5%.
- Net interest margin: 2.8% versus 2.7% estimated by six analysts on average.
- Total interest-earning assets - Average balance: $511.19 billion versus $516.96 billion estimated by six analysts on average.
- Total nonperforming assets: $2.36 billion versus the six-analyst average estimate of $2.67 billion.
- Net charge-offs to average loans: 0.3% compared to the 0.4% average estimate based on six analysts.
- Book value per common share: $122.94 versus $127.69 estimated by six analysts on average.
- Total nonperforming loans: $2.33 billion versus $2.57 billion estimated by four analysts on average.
- Tier 1 risk-based ratio: 11.9% versus 11.7% estimated by three analysts on average.
- Leverage Ratio: 9% versus 8.7% estimated by three analysts on average.
- Total capital risk-based: 13.6% versus 13.3% estimated by two analysts on average.
- Net interest income (Fully Taxable-Equivalent - FTE) (non-GAAP): $3.55 billion versus $3.50 billion estimated by seven analysts on average.
- Total Noninterest Income: $2.04 billion compared to the $1.99 billion average estimate based on seven analysts.
View all Key Company Metrics for The PNC Financial Services Group here>>>Shares of The PNC Financial Services Group have returned +4.4% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.