Shares of PNC Financial Services ended trading Friday up 0.2 percent after beating estimates in its second-quarter earnings report.
The regional bank reported earnings of $2.72 per share, beating estimates coming from analysts surveyed by Thomson Reuters by 14 cents. PNC also posted better-than-expected revenue, bringing $4.32 billion, compared to $4.25 billion expected.
PNC showed growth across several key metrics compared to the same quarter a year ago, reporting an increase in both commercial as well as consumer lending, up 3 percent as well as 1 percent, respectively, as well as net interest income, which rose 7 percent.
PNC stock has risen over 11 percent within the past year, as of Friday’s close at $138.32 per share.