EarningsPNC reported core EPS of $3.30, 35c above consensus, beating on NII, most fee categories, expenses and provisions in the quarter.
Growth OpportunitiesNewer markets such as Texas and Southwest US offer significant organic growth opportunities as PNC monetizes BBVA US’s branch distribution and benefits from the Texas demographic boom.
Net Interest IncomePNC appears on track to deliver solid net interest income growth, with management reiterating its expectation for delivering record NII.