The PNC Financial Services Group (PNC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

The PNC Financial Services Group, Inc (PNC) reported $5.43 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 3.8%. EPS of $3.49 for the same period compares to $3.60 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $5.37 billion, representing a surprise of +1.25%. The company delivered an EPS surprise of +6.08%, with the consensus EPS estimate being $3.29.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: 61% versus the six-analyst average estimate of 62.4%. Net interest margin: 2.6% compared to the 2.6% average estimate based on six analysts. Net charge-offs to average loans: 0.4% compared to the 0.3% average estimate based on six analysts. Total nonperforming assets: $2.61 billion versus the six-analyst average estimate of $2.56 billion. Total interest-earning assets - Average balance: $516.14 billion compared to the $511.59 billion average estimate based on six analysts. Book value per common share: $124.56 versus $118.09 estimated by six analysts on average. Total nonperforming loans: $2.58 billion versus the four-analyst average estimate of $2.43 billion. Tier 1 risk-based ratio: 11.8% versus 11.6% estimated by three analysts on average. Leverage Ratio: 8.9% compared to the 8.9% average estimate based on three analysts. Total capital risk-based: 13.6% versus 13.5% estimated by two analysts on average. Total Noninterest Income: $2.02 billion compared to the $2 billion average estimate based on six analysts. Net interest income - FTE: $3.44 billion versus the six-analyst average estimate of $3.40 billion. View all Key Company Metrics for The PNC Financial Services Group here>>>Shares of The PNC Financial Services Group have returned +4.2% over the past month versus the Zacks S&P 500 composite's +4.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.Infrastructure Stock Boom to Sweep AmericaA massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.The only question is “Will you get into the right stocks early when their growth potential is greatest?”Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How To Profit From Trillions On Spending For Infrastructure >>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 ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks