PNC Looks to Lead U.S. Banks Back (NYSE: PNC)

NEW YORK - PNC Financial the nation's sixth largest bank is set to report tomorrow along with U.S. Bancorp. PNC is known as the bank that did it the right way during the financial crisis and used that time to expand. PNC has one of the highest asset yields which earns 3.89% this compares to Wells Fargo which earns 3.88% from their latest quarter. This extra yield has allowed PNC to continue to push the envelop in their results. PNC is likely on track to add $3 billion of assets in the quarter. PNC will also likely reprice its deposits and liabilities lower. PNC will likely reprice its liability funding to 0.61% which is still above banks' like Wells Fargo (0.5%) but well below most other banks. The Markets Are Open estimates PNC will earn $2.547 billion of interest income and have $354.69 of interest expense and $2.192 billion of net interest income. PNC will likely see their provisions drop once again. Provisions will likely drop to $220 million. The company will also add back a CMSR loss from their last quarter of $105 million that it had to take in their Q3.

The Markets Are Open expects earnings $1.78. The company will have a $128.7 one time preferred share loss so it will have GAAP earnings of $807 million or $1.53 a share.

PNC has shown they still operate with the highest capital ratios as it makes way for its acquisition of RBC's U.S. Unit.