PNC PNC Financial Services Group (PNC) Q4 FY24 earnings call
PNC delivered a solid fourth quarter, capping a strong 2024 with record revenue and significant capital returns. The bank enters 2025 with positive momentum, driven by fixed asset repricing tailwinds, expected NII growth, and continued expense discipline, positioning for substantial positive operating leverage. While loan demand remains soft, strategic investments in technology and branch expansion aim to accelerate organic growth and enhance customer experience.
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PNC operating KPIs by quarter
| KPI | This call Dec 2024 Q4 FY24 | Mar 2025 Q1 FY25 | Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|
| Common equity tier 1 ratio (CET1) | 10.5%We remain well capitalized with an estimated CET1 ratio of 10.5% as of December 31.Source: earnings call transcript | 10.6%We remain well capitalized with an estimated CET1 ratio of 10.6% as of March 31.Source: earnings call transcript | 9.9%And we remain well capitalized with an estimated CET1 ratio of 9.9%.Source: earnings call transcript | 9.8%We remain well capitalized with an estimated CET1 ratio of 9.8%.Source: earnings call transcript | -0.1 pt |
| Net interest margin | 2.75%Net interest income grew by $113 million or 3%, and our net interest margin was 2.75%, an increase of 11 basis points.Source: earnings call transcript | 2.78%And our net interest margin was 2.78%, an increase of 3 basis points.Source: earnings call transcript | 2.96%Our net interest margin was 2.96%, an increase of 1 basis point.Source: earnings call transcript | 2.94%Our net interest margin was 2.94% and decreased 2 basis points.Source: earnings call transcript | 0 pt |
| Return on tangible common equity (ROTCE) | — | — | 17.9%Our tangible book value was $111 per common share, up 2% linked-quarter and up 7% compared with the same period a year ago, and our return on tangible common equity at 17.9% in the second quarter.Source: earnings call transcript | 18%+And our return on tangible common equity was more than 18% in the third quarter.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.