Discontinued — last reported Q1 '24
Retail Banking1 — Interest Income Expense Net
PNC Financial Services Retail Banking1 — Interest Income Expense Net decreased by 1.9% to $2.62B in Q1 2024 compared to the prior quarter. Year-over-year, this metric grew by 14.7%, from $2.28B to $2.62B. Over 2 years (FY 2021 to FY 2023), Retail Banking1 — Interest Income Expense Net shows an upward trend with a 26.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests improved net interest margins or growth in the retail loan portfolio, while a decrease may indicate rising funding costs or compressed margins due to interest rate environments.
Detailed definition
This metric represents the net interest income generated by the retail banking segment, calculated as the difference bet...
Peer comparison
Comparable to Net Interest Income (NII) for the Consumer Banking segments of major diversified financial institutions and regional banks.
pnc_segment_retail_banking1_interest_income_expense_netHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.50B | $1.71B | $1.63B | $1.53B | $1.66B | $2.02B | $2.33B | $2.28B | $2.45B | $2.58B | $2.67B | $2.62B |
| QoQ Change | — | +14.4% | -4.6% | -6.3% | +8.6% | +21.4% | +15.5% | -2.1% | +7.3% | +5.2% | +3.6% | -1.9% |
| YoY Change | — | — | — | — | +11.0% | +17.7% | +42.6% | +49.0% | +47.3% | +27.7% | +14.5% | +14.7% |
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Frequently Asked Questions
- What is PNC Financial Services's retail banking1 — interest income expense net?
- PNC Financial Services (PNC) reported retail banking1 — interest income expense net of $2.62B in Q1 2024.
- How has PNC Financial Services's retail banking1 — interest income expense net changed year-over-year?
- PNC Financial Services's retail banking1 — interest income expense net increased by 14.7% year-over-year, from $2.28B to $2.62B.
- What is the long-term trend for PNC Financial Services's retail banking1 — interest income expense net?
- Over 2 years (2021 to 2023), PNC Financial Services's retail banking1 — interest income expense net has grown at a 26.8% compound annual growth rate (CAGR), from $6.21B to $9.97B.
- What does retail banking1 — interest income expense net mean?
- The net profit earned by the retail banking division from interest-bearing assets minus the interest paid on deposits and liabilities.