PNC Financial reported Q2/17 earnings of $1,097 million, up 11% from $989 million in the same quarter a year ago. Total revenue of $4,010 billion was up 6% from $3,794 billion in Q2/16.
The following highlights were excerpted from the PNC news release:
“In the second quarter, PNC grew loans and revenue, and we controlled expenses well,” said William S. Demchak, chairman, president and CEO. “We’ve maintained a strong capital position and recently increased our common stock dividend by 36% to an all-time high. Our ongoing execution on our strategic priorities across the enterprise has positioned us for continued success in the current credit and interest rate environment, as well as for the long term.”
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