As of today, January 16, 2024, PNC’s latest financial results are for the Q4 and Full Year 2023, announced on December 5, 2023. Here are some key highlights:

Q4 2023:

  • Net income: $1.6 billion, down from $1.8 billion in Q4 2022
  • Diluted EPS: $3.60, down from $3.94 in Q4 2022
  • Total revenue: $5.2 billion, down from $5.4 billion in Q4 2022
  • Net interest income: $2.5 billion, down from $2.6 billion in Q4 2022
  • Non-interest income: $2.7 billion, down from $2.8 billion in Q4 2022

Full Year 2023:

  • Net income: $6.2 billion, down from $7.2 billion in 2022
  • Diluted EPS: $13.80, down from $16.02 in 2022
  • Total revenue: $20.9 billion, down from $21.8 billion in 2022
  • Net interest income: $10.1 billion, down from $10.4 billion in 2022
  • Non-interest income: $10.8 billion, down from $11.4 billion in 2022

Overall:

  • PNC’s 2023 results reflect a challenging economic environment with rising interest rates and market volatility.
  • However, the company still generated positive net income and earnings per share.
  • Profitability remained lower compared to 2022.
  • Net interest income and non-interest income experienced slight declines year-on-year.

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