PNC Financial's capital plan accepted by regulators, plans to raise dividend PNC Financial announced that the Board of Governors of the Federal Reserve System accepted its capital plan and did not object to its proposed capital actions, which included a recommendation to increase the quarterly common stock dividend in Q2. A share repurchase program for 2013 was not included in the capital plan primarily as a result of PNC's 2012 acquisition of RBC Bank and expansion into Southeastern markets.
PNC Financial: Revenue growth will remain a challenge until interest rates rise Says revenue growth will remain a challenge until interest rates rise. Says 2015 looks "a lot" like 2015 at the moment. Comments made on the Q4 earnings conference call.
PNC Financial sees 'stable' net interest income in Q1 Sees "modest" loan growth in 1Q15 vs. 4Q14. Sees fee income down mid-single digits in Q1 from Q4 due to seasonality and client activity. Sees Q1 noninterest income down high single digits. Sees Q1 loan loss provision $50M-$100M. Comments from slides that will be presented on the Q4 earnings conference call.
PNC Financial reports Q4 EPS $1.84, consensus $1.74 Reports Q4 revenue $3.95B, consensus $3.8B. Reports Q4 net interest income $986M. Reports Q4 book value per share $77.61. Reports Q4 transitional Basel III Tier 1 capital ratio 11%. Reports Q4 net charge-off 0.23%.