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The PNC Financial Services Group (PNC) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

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For the quarter ended March 2026, The PNC Financial Services Group, Inc (PNC - Free Report) reported revenue of $6.19 billion, up 13% over the same period last year. EPS came in at $4.32, compared to $3.51 in the year-ago quarter.

The reported revenue represents a surprise of -0.52% over the Zacks Consensus Estimate of $6.23 billion. With the consensus EPS estimate being $4.12, the EPS surprise was +4.82%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

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: 61% compared to the 60.4% average estimate based on five analysts.
  • Total nonperforming assets: $2.38 billion compared to the $2.49 billion average estimate based on five analysts.
  • Book value per common share: $143.65 versus $140.56 estimated by five analysts on average.
  • Total interest-earning assets - Average balance: $540.48 billion versus $543.71 billion estimated by five analysts on average.
  • Net charge-offs to average loans: 0.3% versus 0.2% estimated by five analysts on average.
  • Net interest margin: 3% versus 3% estimated by five analysts on average.
  • Total nonperforming loans: $2.24 billion versus $2.41 billion estimated by three analysts on average.
  • Tier 1 risk-based ratio: 11.3% compared to the 11.5% average estimate based on two analysts.
  • Leverage Ratio: 9.1% versus the two-analyst average estimate of 9%.
  • Net interest income (Fully Taxable-Equivalent - FTE) (non-GAAP): $3.99 billion compared to the $3.98 billion average estimate based on five analysts.
  • Total Noninterest Income: $2.2 billion versus the five-analyst average estimate of $2.23 billion.
  • Capital markets and advisory: $463 million versus $443.8 million estimated by four analysts on average.

View all Key Company Metrics for The PNC Financial Services Group here>>>

Shares of The PNC Financial Services Group have returned +8.5% over the past month versus the Zacks S&P 500 composite's +5.2% 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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