PNC reports third quarter income of $1.1 billion
PITTSBURGH
Pittsburgh-based PNC Bank reported third quarter 2015 net income of $1.1 billion or $1.90 per diluted common share this morning.
The earnings are compared with $1 billion of net income and $1.88 diluted EPS in the second quarter of 2015, and $1 billion
of net income and $1.79 diluted EPS in the third quarter of 2014.
This is the 10th consecutive quarter where PNC reported $1 billion or more of net income.
“Expenses were down, deposits were up, and we continued to execute on our strategic priorities designed to deepen customer relationships and grow our diverse fee businesses,” said William S. Demchak, chairman, president and chief executive officer, in a statement.