PNC Financial Services Group reported Q2/18 net income of $1,356 million was up 23.6% from $1,097 million for the same quarter one year ago. Q2/18 revenue of $4,324 million was up 6.5% from $4,060 million a year earlier. Earnings per share of $2.72 exceeded analysts’ estimates of EPS of $2.58.

Bill Demchak, PNC chairman, president and CEO said, “PNC’s second quarter results were strong. We grew fee income and net interest income, expanded our margin, managed expenses well and maintained stable credit quality. Our board recently increased the common stock dividend 27% to an all-time high. We are continuing to invest in our businesses, including our middle market expansion and digital offerings, and remain focused on opportunities for growth and efficiency that will create long-term value for our shareholders.”