Wilson_wtc
2021-07-14
Ok
PNC Loans, Deposits Grow With Acquisition
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Net income attributable to common shareholders was $1.04 billion, compared with $3.59 billion in 2020's second quarter.</p>\n<p>Analysts polled by FactSet were expecting earnings of $1.09 a share.</p>\n<p>Net interest income rose to $2.58 billion, from $2.53 billion a year earlier. Non-interest income was $2.09 billion, up from $1.55 billion 12 months ago.</p>\n<p>Analysts had forecast net interest income of $2.56 billion and non-interest income of $1.87 billion.</p>\n<p>PNC provisioned $302 million for credit losses in the latest quarter. PNC's legacy provision recapture of $704 million was more than offset by an initial provision of $1 billion related to the bank's acquisition of BBVA. In last year's second quarter, the bank had provisioned $2.46 billion amid the worsening coronavirus pandemic and its effects on the economy.</p>\n<p>Loans grew to $294.7 billion, after finishing the first quarter at $237 billion. Deposits grew to $452.9 billion, from $375.1 billion at the end of the first quarter. The allowance for credit losses stood at 2.16% of total loans.</p>\n<p>PNC's net interest margin was 2.29%, down from 2.52% a year earlier</p>\n<p>PNC shares fell 1.79% in premarket.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PNC Loans, Deposits Grow With Acquisition</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPNC Loans, Deposits Grow With Acquisition\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-07-14 20:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>PNC Financial Services Group Inc. logged better-than-expected income results in the latest quarter, as deposits and loans grew with the closure of the bank's acquisition of BBVA USA.</p>\n<p>The Pittsburgh-based bank posted diluted earnings from continuing operations of $2.43 a share, compared with a diluted loss from continuing operations of $1.90 a share in the same three-month period a year earlier. Net income attributable to common shareholders was $1.04 billion, compared with $3.59 billion in 2020's second quarter.</p>\n<p>Analysts polled by FactSet were expecting earnings of $1.09 a share.</p>\n<p>Net interest income rose to $2.58 billion, from $2.53 billion a year earlier. Non-interest income was $2.09 billion, up from $1.55 billion 12 months ago.</p>\n<p>Analysts had forecast net interest income of $2.56 billion and non-interest income of $1.87 billion.</p>\n<p>PNC provisioned $302 million for credit losses in the latest quarter. PNC's legacy provision recapture of $704 million was more than offset by an initial provision of $1 billion related to the bank's acquisition of BBVA. In last year's second quarter, the bank had provisioned $2.46 billion amid the worsening coronavirus pandemic and its effects on the economy.</p>\n<p>Loans grew to $294.7 billion, after finishing the first quarter at $237 billion. Deposits grew to $452.9 billion, from $375.1 billion at the end of the first quarter. The allowance for credit losses stood at 2.16% of total loans.</p>\n<p>PNC's net interest margin was 2.29%, down from 2.52% a year earlier</p>\n<p>PNC shares fell 1.79% in premarket.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PNC":"PNC金融"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134311698","content_text":"PNC Financial Services Group Inc. logged better-than-expected income results in the latest quarter, as deposits and loans grew with the closure of the bank's acquisition of BBVA USA.\nThe Pittsburgh-based bank posted diluted earnings from continuing operations of $2.43 a share, compared with a diluted loss from continuing operations of $1.90 a share in the same three-month period a year earlier. Net income attributable to common shareholders was $1.04 billion, compared with $3.59 billion in 2020's second quarter.\nAnalysts polled by FactSet were expecting earnings of $1.09 a share.\nNet interest income rose to $2.58 billion, from $2.53 billion a year earlier. Non-interest income was $2.09 billion, up from $1.55 billion 12 months ago.\nAnalysts had forecast net interest income of $2.56 billion and non-interest income of $1.87 billion.\nPNC provisioned $302 million for credit losses in the latest quarter. PNC's legacy provision recapture of $704 million was more than offset by an initial provision of $1 billion related to the bank's acquisition of BBVA. In last year's second quarter, the bank had provisioned $2.46 billion amid the worsening coronavirus pandemic and its effects on the economy.\nLoans grew to $294.7 billion, after finishing the first quarter at $237 billion. Deposits grew to $452.9 billion, from $375.1 billion at the end of the first quarter. The allowance for credit losses stood at 2.16% of total loans.\nPNC's net interest margin was 2.29%, down from 2.52% a year earlier\nPNC shares fell 1.79% in premarket.","news_type":1},"isVote":1,"tweetType":1,"viewCount":196,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/144304640"}
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