PNC Financial Services Group reported record quarterly revenue of $6.88 billion, up 21% from a year earlier, as surging capital markets activity and the addition of FirstBank drove broad gains. Net income for the second quarter came in at $2.06 billion, or $4.81 per diluted share, a 25% increase from the same period a year ago. Capital markets and advisory revenue rose to $577 million, up 80% from last year, while net interest income totaled $4.11 billion, a 16% year-over-year increase. PNC completed its $4.1 billion acquisition of FirstBank in January, converting approximately 780,000 customers, more than 1,620 employees and 95 branches. The board raised the quarterly common stock dividend 18% to $2.00 per share.
PNC Financial Services Group IncRecord quarterly revenue and 25% profit jump, plus dividend increase
FB Financial Corp