Wednesday, July 15, 2015
YOUNGSTOWN — PNC this morning reported second quarter 2015 net income of $1 billion, or $1.88 earnings per diluted common share.
This is compared with $1 billion of net income and $1.75 diluted share in the first quarter of 2015, and $1.1 billion of net income and $1.85 diluted share in the second quarter of 2014.
PNC said the results reflected revenue growth, well-controlled expenses, improved credit quality and higher loans, securities and deposits.
Total revenue for the second quarter of 2015 increased $135 million compared with the first quarter primarily reflecting strong fee income growth and higher gains on asset sales.