Discontinued — last reported Q1 '24
Deposit Account — Noninterest income
PNC Financial Services Deposit Account — Noninterest income decreased by 26.9% to $147.00M in Q1 2024 compared to the prior quarter. Year-over-year, this metric declined by 16.9%, from $177.00M to $147.00M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests higher mortgage origination volumes, improved servicing fee income, or favorable market conditions for mortgage banking gains, while a decrease may indicate reduced refinancing activity, lower origination volumes, or compressed margins in the mortgage market.
Detailed definition
This metric represents the total noninterest income generated specifically from residential and commercial mortgage bank...
Peer comparison
Peers in the diversified banking sector typically report this as 'Mortgage Banking Income' or 'Residential Mortgage Fees,' with performance heavily correlated to interest rate environments and housing market demand.
pnc_segment_residential_and_commercial_mortgage_noninterest_incomeHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $131.00M | $159.00M | $126.00M | $159.00M | $161.00M | $143.00M | $671.00M | $177.00M | $98.00M | $201.00M | $147.00M |
| QoQ Change | — | +21.4% | -20.8% | +26.2% | +1.3% | -11.2% | +369.2% | -73.6% | -44.6% | +105.1% | -26.9% |
| YoY Change | — | — | — | — | +22.9% | -10.1% | +432.5% | +11.3% | -39.1% | +40.6% | -16.9% |
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Frequently Asked Questions
- What is PNC Financial Services's deposit account — noninterest income?
- PNC Financial Services (PNC) reported deposit account — noninterest income of $147.00M in Q1 2024.
- How has PNC Financial Services's deposit account — noninterest income changed year-over-year?
- PNC Financial Services's deposit account — noninterest income decreased by 16.9% year-over-year, from $177.00M to $147.00M.
- What does deposit account — noninterest income mean?
- The total fee-based revenue earned from mortgage banking and servicing activities within the residential and commercial mortgage segment.