PNC Beats Net Interest Income Estimates on Growth in Lending

PNC Financial Services Group beat expectations for second-quarter net interest income, helped by an increase in loan growth.

NII climbed 8% from the same quarter last year to $3.56 billion, according to a statement Wednesday. The figure, which represents what the bank earns from making loans after subtracting funding costs, topped analyst projections as loans rose.

PNC’s earnings offer a glimpse into how consumers and businesses are faring in the face of economic uncertainty stemming from President Donald Trump’s tariff policies. At PNC, customers seem to be holding up fairly well: The bank reported a 24% decline in charge ...