WASHINGTON (dpa-AFX) - PNC Financial Services Group Inc. (PNC) said that its first-quarter net income attributable to common shareholders increased to $992 million from the prior year's $928 million, with earnings per share improving to $1.82 from $1.74 in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.66 per share for the quarter. Analysts' estimates typically exclude special items.
Net interest income for the quarter was $2.20 billion, down from $2.39 billion last year. But, Noninterest income rose to $1.58 billion from $1.57 billion in the prior year quarter.
Total revenue for the quarter dropped to $3.78 billion from last year's $3.96 billion. Nineteen analysts estimated revenues of $3.85 billion for the quarter.
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