Discontinued — last reported Q1 '24
Merchant services — Noninterest income
PNC Financial Services Merchant services — Noninterest income decreased by 9.7% to $56.00M in Q1 2024 compared to the prior quarter. Year-over-year, this metric declined by 3.4%, from $58.00M to $56.00M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests growth in transaction volume or a larger merchant client base, while a decrease may indicate heightened competition in the payments space or a decline in client transaction activity.
Detailed definition
This metric represents the noninterest income generated from merchant services, primarily consisting of fees earned from...
Peer comparison
Comparable to merchant acquiring and payment processing fee revenue reported by other diversified financial institutions and specialized payment processors.
pnc_segment_merchant_services_noninterest_incomeHistorical Data
| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|
| Value | $62.00M | $63.00M | $58.00M | $66.00M | $64.00M | $58.00M | $64.00M | $62.00M | $56.00M |
| QoQ Change | — | +1.6% | -7.9% | +13.8% | -3.0% | -9.4% | +10.3% | -3.1% | -9.7% |
| YoY Change | — | — | — | +6.5% | +1.6% | +0.0% | -3.0% | -3.1% | -3.4% |
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Frequently Asked Questions
- What is PNC Financial Services's merchant services — noninterest income?
- PNC Financial Services (PNC) reported merchant services — noninterest income of $56.00M in Q1 2024.
- How has PNC Financial Services's merchant services — noninterest income changed year-over-year?
- PNC Financial Services's merchant services — noninterest income decreased by 3.4% year-over-year, from $58.00M to $56.00M.
- What does merchant services — noninterest income mean?
- Revenue earned from providing payment processing and merchant support services to business clients.