PNC Financial had net income of $811 million last quarter, compared to income a year ago of $832 million, the company said. It was a narrower profit year-over-year, but PNC grew income from the fourth quarter of 2011 due to growing customers and loans, according to PNC. PNC’s fourth quarter net income was $493 million.
These are the latest bank earnings reports. U.S. Bancorp said Tuesday it had net income in the first quarter of approximately $1.3 million, an increase of nearly 28 percent from the same quarter last year. JPMorgan Chase reported Friday first quarter net income of $5.4 billion, slightly less than first quarter 2011 earnings of $5.6 billion.
KeyCorp and Fifth Third Bancorp earning releases are scheduled for Thursday. Fifth Third is the largest bank company by deposits in the Dayton metro region.