More on PNC Financial (PNC) Q1 earnings: Net interest income of $2.4B, up 4% YU/Y. Noninterest...

|About: PNC Financial Services G... (PNC)|By:, SA News Editor

More on PNC Financial (PNC) Q1 earnings: Net interest income of $2.4B, up 4% YU/Y. Noninterest income of $1.6B up 9% Y/Y.  NIM of 3.81% vs. 3.9% a year ago. Mortgage banking revenue of $238M off 6% Q/Q, off 9% Y/Y. Asset management income up 2% Q/Q, up 8% Y/Y. Provision for credit losses declines $82M Q/Q to $236M. Tier 1 Capital Ratio of 9.8%. Book value/share of $68.23, up from $67.05 in Q4, $63.26 a year ago. (PR)