Pittsburgh-based PNC's 7% increase brought earnings to $281 million, or 91 cents a share. That was fueled by asset management, mutual fund servicing, corporate finance, capital markets, and consumer banking fees.
The $76 billion-asset company reported noninterest income of $676 million, up 47% from a year earlier. That included gains from branch sales, trading, and securities. Without those gains, fee income jumped about 18%.
"Our diversified businesses continued to drive strong performance in a time of turbulent financial markets," said Thomas H. O'Brien, chairman and CEO.
Loans were up about 6%, helping PNC to a 4% increase in net interest income, to $653 million.