PNC Financial on Thursday reported second-quarter profits that jumped by 19 per cent against the previous year, marking out the Pittsburgh-based bank as one of the few regional financial institutions to make money through the credit crisis.

PNC’s net income climbed to $505m, or $1.45 per share, up from $1.22 per share for the second quarter of last year, driven by strong growth in corporate lending and net interest income that offset higher provisions for credit losses.