PNC Financial Surges Past Q3 Expectations With Revenue Boost And Strong Fee Growth
PNC Financial Surges Past Q3 Expectations With Revenue Boost And Strong Fee Growth
Noninterest income grew 11% Y/Y to $2.02 billion, led by higher fee income (+13% Y/Y) thanks to strong capital markets and advisory revenue.PNC Financial Services Group, Inc. (NYSE:PNC) shares are trading higher after it reported third-quarter results.
PNC金融服務集團股份有限公司（紐約證券交易所股票代碼：PNC）股價上漲，因其報告了第三季度業績。
Revenue rose 4% Y/Y to $5.432 billion, beating the consensus of $5.389 billion. Revenue growth Y/Y led by higher noninterest income.
營業收入同比增長4%至543.2億美元，超過538.9億美元的共識。營業收入同比增長主要由更高的非利息收入所帶動。
Net interest income remained flat Y/Y at $3.41 billion, with a net interest margin of 2.64%.
淨利息收入在34.1億美元維持不變，淨利息收益率爲2.64%。
Noninterest income grew 11% Y/Y to $2.02 billion, led by higher fee income (+13% Y/Y) thanks to strong capital markets and advisory revenue.
非利息收入同比增長11%至202億美元，主要受益於更高的費用收入（+13%同比增長），得益於強勁的資本市場和諮詢營收。
Average loans and average deposits both remained stable Y/Y in the third quarter. EPS of $3.49 topped the consensus of $3.32.
第三季度平均貸款和存款均與去年持平。每股收益爲3.49美元，高於3.32美元的共識。
The company reported a provision for credit losses of $243 million in the quarter (vs. $129 million a year ago). CET1 capital ratio stood at 10.3% vs. 9.8% in the prior year quarter.
公司本季度計提信貸損失準備達2.43億美元（較去年同期的1.29億美元），核心一級資本比率爲10.3%，較去年同期的9.8%高。
Dividend: On October 3, 2024, PNC's board of directors declared a quarterly cash dividend on common stock of $1.60, payable on November 5, 2024, to shareholders of record as of October 16, 2024.
股息：2024年10月3日，PNC的董事會宣佈對普通股的季度性現金股息爲1.60美元，將於2024年11月5日支付給截至2024年10月16日持股的股東。
PNC returned $0.8 billion of capital to shareholders, comprising share repurchases over $0.1 billion in the quarter.
PNC向股東返還了8億美元的資本，其中包括本季度超過1億美元的股份回購。
The company expects the share repurchase activity for the fourth quarter of 2024 is expected to match recent quarterly averages.
公司預計2024年第四季度的股份回購活動將與最近季度平均水平相匹配。
Bill Demchak, Chairman and CEO, said, "Our results for the third quarter demonstrate PNC's continued strong momentum across the franchise. NII and NIM both increased, fee revenue grew substantially and expenses remained well controlled, resulting in positive operating leverage."
主席兼首席執行官Bill Demchak表示：「我們第三季度的業績展示了PNC在整個特許經營中持續強勁的動力。淨息收入和淨息差都有所增加，費用收入大幅增長，費用得到很好控制，因此實現了正面的營運槓桿。」
"Importantly, we increased TBV, grew customers and continued to strengthen our capital levels. We remain well positioned to capitalize on opportunities and achieve record NII in 2025."
「重要的是，我們增加了TBV，擴大了客戶群，並繼續加強資本水平。我們仍然處於良好的位置，能夠利用機會，並在2025年實現創紀錄的淨息收入。」
Guidance: For the fourth quarter, the bank expects average loans and total revenue to be stable and net interest income to be up 1% sequentially.
指導：對於第四季度，該銀行預計平均貸款和總收入將保持穩定，淨利息收入將環比增長1%。
Investors can gain exposure to the stock via IShares U.S. Regional Banks ETF (NYSE:IAT) and Invesco Exchange-Traded Fund Trust II Invesco S&P Ultra Dividend Revenue ETF (NYSE:RDIV).
投資者可以通過iShares美國區域銀行etf（紐約證券交易所：IAT）和景順交易所交易基金信託II景順標普超高股息營收etf（紐約證券交易所：RDIV）來獲得該股票的曝光。
Price Action: PNC shares are up 0.78% at $190.00 premarket at the last check Tuesday.
股價走勢：截至上週二最後查看時，PNC股價上漲0.78%，報190.00美元。
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譯文內容由第三人軟體翻譯。
