PNC Bank to pay $7.1M to settle SBA loan claims PNC Bank has agreed to pay the United States $7.1M to settle claims under the False Claims Act that it failed to engage in prudent underwriting practices in connection with the issuance of loans guaranteed by the Small Business Administration, the Justice Department announced. Reference Link
PNC Financial reports Q1 EPS $1.75, consensus $1.72 Reports Q1 revenue $3.73B, consensus $3.75B. Reports Q1 book value per share $78.99. Reports Q1 Basel III common equity Tier 1 capital ratio 10.4%. Reports Q1 net charge-offs 0.20%.