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) 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.

Zacks Names #1 Semiconductor Stock

It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.

With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.

See This Stock Now for Free >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

The PNC Financial Services Group, Inc (PNC) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.