Pnc reports full year 2024 net income of $6.0 billion, $13.74 diluted eps

Generated positive operating leverage fourth quarter 2024 net income was $1.6 billion, $3.77 diluted eps grew nii and nim; increased deposits and capital pittsburgh , jan. 16, 2025 /prnewswire/ -- the pnc financial services group, inc. (nyse: pnc) today reported: for the quarter for the year in millions, except per share data and as noted 4q24 3q24 2024 2023 fourth quarter highlights financial results comparisons reflect 4q24 vs. 3q24 net interest income (nii) $    3,523 $    3,410 $  13,499 $ 13,916                       income statement  ▪   net interest income increased 3%      and nim expanded 11 bps  ▪   fee income decreased 4%, due to      elevated 3q24 residential mortgage      and capital markets activity  ▪   other noninterest income of $175     million ▪   noninterest expense increased 5%     and included $97 million of asset     impairments and the benefit of an      $18 million fdic special assessment      reduction.
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