The PNC Financial Services Group (PNC) Revenue — Quarter Ended Dec 31, 2024
Revenue for the quarter increased compared with both the prior quarter and the same quarter a year earlier. Sequential growth continued the positive momentum seen in recent periods.
Key takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue for the quarter increased compared with both the prior quarter and the same quarter a year earlier. Sequential growth continued the positive momentum seen in recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.6B
Revenue reported for this quarter.
Quarter-over-quarter
+2.5%
Change from the immediately preceding quarter.
Year-over-year
+3.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$21.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2024 | $5.1B | -8.2% |
| Jun 30, 2024 | $5.4B | +2.2% |
| Sep 30, 2024 | $5.4B | +3.8% |
| Dec 31, 2024 | $5.6B | +3.8% |
Revenue performance
Reported revenue showed improvement over the immediately preceding quarter, reflecting continued strength.
Quarterly comparison
Revenue also rose on a year-over-year basis, outperforming the level from one year ago.
What to watch
Attention should be paid to whether the sequential growth rate accelerates or decelerates in the coming quarters.