(Bloomberg) -- PNC Financial Services Group Inc., the second-biggest U.S. regional bank, said profit rose 6.5%, beating analysts estimates, as expensesdeclined and the company set aside fewer provisions for soured loans.
First-quarter net income climbed to $1.06 billion, or $1.82 a share, from $995 million, or $1.74, a year earlier, according to a statement today from the Pittsburgh-based bank. The average estimate of 24 analysts surveyed by Bloomberg was for profit of $1.65 a share.
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