Source: Reuters (via feed)
PNC Financial posted an 18% increase in its first-quarter profit. The company reported the gain on Wednesday. This rise was supported by the acquisition of regional lender FirstBank. Strong loan growth also contributed to the increase.
BizTrendWire Insight:
PNC Financial’s first-quarter profit grew 18% following the FirstBank acquisition and loan growth.
PNC Financial’s first-quarter profit grew 18% following the FirstBank acquisition and loan growth.
