Summary
PNC Financial Services Group, Inc. (PNC) filed its quarterly report for the period ending March 30, 2019. The filing primarily addresses legal proceedings by referencing the notes in the consolidated financial statements and confirms no material changes in risk factors from the prior year's 10-K. A significant operational highlight is the company's continued share repurchase program, with 6.487 million shares bought back in the first quarter of 2019 for a total of approximately $790 million. These repurchases are being conducted under various authorized programs and are subject to market conditions and regulatory considerations.
Financial Highlights
31 data pointsBeta
Financial Statements
Beta
| Revenue | $4.29B |
| Interest Expense | $953.00M |
| Net Income | $1.27B |
| EPS (Basic) | $2.62 |
| EPS (Diluted) | $2.61 |
| Shares Outstanding (Basic) | 455.00M |
| Shares Outstanding (Diluted) | 456.00M |
Key Highlights
- 1No material changes in risk factors were disclosed from the 2018 Form 10-K.
- 2PNC repurchased a total of 6,487,000 shares of common stock during the first quarter of 2019.
- 3The average price paid per share for these repurchases was $122.50.
- 4The total aggregate cost of repurchases in Q1 2019 was approximately $790 million.
- 5Repurchases include shares for employee benefit plans and are executed under publicly announced programs.
- 6The company continues to operate under a stock repurchase program authorized in 2015 and a separate program announced in June 2018.