Have you been eager to see how The PNC Financial Services Group, Inc. PNC performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this Pennsylvania-based money center bank’s earnings release this morning:An Earnings MissPNC Financial came out with earnings per share of $1.68, missing the Zacks Consensus Estimate of $1.69.Results were primarily affected by lower non-interest income due to weakness in equity markets and reduced capital markets activity. Also the quarter recorded higher provisions mainly tied with energy related loans. However, on a positive note, the company witnessed higher net interest income and lower expenses.How Was the Estimate Revision Trend?You should note that the earnings estimate for PNC Financial depicted pessimism prior to the earnings release. The Zacks Consensus Estimate has moved south slightly to $1.69 over the last 7days.However, PNC Financial has a decent earnings surprise history. Before posting an earnings miss in Q1, the company delivered positive surprises in the prior four quarters. Overall, the company surpassed the Zacks Consensus Estimate by an average of 4.8% in the trailing four quarters.Revenue Came In Lower Than ExpectedPNC Financial posted revenues of $3,665 million, which missed the Zacks Consensus Estimate of $3,765 million. Also, revenues declined 2% year over year.Key Stats for Q1:Net Income: $943 million, down 6% year over yearNoninterest Income: $1.57 billion, down 6% year over yearProvision for credit losses: $152 million, up from $54 million in the prior year quarterNoninterest expense: $2.28 billion, down 3% year over yearLoans - Commercial lending: $135.1 billion, up 4% year over yearBook value per common share at the end of Q1: $83.47, up 6% year over year.What Zacks Rank SaysThe estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) for PNC Financial. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. Now, it all depends on what sense the just-released report makes to the analysts.Check back later for our full write up on this PNC Financial earnings report!Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PNC FINL SVC CP (PNC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research