See more : IX Knowledge Incorporated (9753.T) Income Statement Analysis – Financial Results
Complete financial analysis of The PNC Financial Services Group, Inc. (PNC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of The PNC Financial Services Group, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
You may be interested
- Qube Holdings Limited (QBBHY) Income Statement Analysis – Financial Results
- Cipherloc Corporation (CLOK) Income Statement Analysis – Financial Results
- Atrium European Real Estate Ltd (0MK2.L) Income Statement Analysis – Financial Results
- Bone Biologics Corporation (BBLG) Income Statement Analysis – Financial Results
- MultiChoice Group Limited (MCG.JO) Income Statement Analysis – Financial Results
The PNC Financial Services Group, Inc. (PNC)
About The PNC Financial Services Group, Inc.
The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as certificates of deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services. This segment serves consumer and small business customers through a network of branches, ATMs, call centers, and online and mobile banking channels. Its Corporate & Institutional Banking segment provides secured and unsecured loans, letters of credit, and equipment leases; cash and investment management services, receivables and disbursement management services, funds transfer services, international payment services, and access to online/mobile information management and reporting; foreign exchange, derivatives, fixed income, securities underwriting, loan syndications, and mergers and acquisitions and equity capital markets advisory related services; and commercial loan servicing and technology solutions. It serves mid-sized and large corporations, and government and not-for-profit entities. The company's Asset Management Group segment offers investment and retirement planning, customized investment management, credit and cash management solutions, and trust management and administration services for high net worth and ultra high net worth individuals, and their families; and multi-generational family planning services for ultra high net worth individuals and their families. It also provides outsourced chief investment officer, custody, private real estate, cash and fixed income client solutions, and fiduciary retirement advisory services for institutional clients. The company has 2,591 branches and 9,502 ATMs. The company was founded in 1852 and is headquartered in Pittsburgh, Pennsylvania.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 21.51B | 21.11B | 19.21B | 16.90B | 16.84B | 16.19B | 16.33B | 15.16B | 15.23B | 15.28B | 16.01B | 15.51B | 14.33B | 15.02B | 15.12B | 6.18B | 5.89B | 6.49B | 6.33B | 5.54B | 5.25B | 5.39B | 4.91B | 5.11B | 4.79B | 4.57B | 4.35B | 3.88B | 3.10B | 2.73B | 2.77B | 2.54B | 2.25B | 2.01B | 1.89B | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 21.51B | 21.11B | 19.21B | 16.90B | 16.84B | 16.19B | 16.33B | 15.16B | 15.23B | 15.28B | 16.01B | 15.51B | 14.33B | 15.02B | 15.12B | 6.18B | 5.89B | 6.49B | 6.33B | 5.54B | 5.25B | 5.39B | 4.91B | 5.11B | 4.79B | 4.57B | 4.35B | 3.88B | 3.10B | 2.73B | 2.77B | 2.54B | 2.25B | 2.01B | 1.89B | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 7.43B | 7.24B | 7.14B | 5.67B | 5.65B | 5.47B | 5.27B | 4.87B | 4.83B | 4.61B | 4.74B | 4.62B | 3.97B | 3.91B | 4.12B | 1.77B | 1.82B | 2.43B | 2.39B | 2.06B | 1.80B | 1.70B | 1.67B | 1.62B | 1.38B | 1.27B | 1.24B | 1.14B | 1.07B | 835.70M | 685.40M | 668.40M | 598.70M | 564.90M | 538.00M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 350.00M | 355.00M | 319.00M | 236.00M | 301.00M | 285.00M | 244.00M | 247.00M | 249.00M | 253.00M | 246.00M | 279.00M | 249.00M | 266.00M | 233.00M | 123.00M | 113.00M | 104.00M | 106.00M | 87.00M | 64.00M | 51.00M | 57.00M | 70.00M | 70.00M | 92.00M | 70.00M | 63.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 7.78B | 7.60B | 7.46B | 5.91B | 5.95B | 5.76B | 5.51B | 5.12B | 5.08B | 4.86B | 4.99B | 4.90B | 4.22B | 4.17B | 4.35B | 1.89B | 1.93B | 2.54B | 2.50B | 2.15B | 1.87B | 1.75B | 1.72B | 1.69B | 1.45B | 1.36B | 1.31B | 1.20B | 1.07B | 835.70M | 685.40M | 668.40M | 598.70M | 564.90M | 538.00M | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 13.73B | 13.52B | 11.75B | 10.99B | 10.89B | 10.43B | 10.82B | 10.04B | 10.15B | 10.42B | 11.02B | 10.62B | 10.11B | 10.84B | 10.77B | 4.29B | 3.96B | 3.96B | 3.83B | 3.39B | 3.39B | 3.64B | 3.19B | 3.43B | 3.34B | 3.21B | 3.04B | 2.68B | 2.04B | 1.90B | 2.09B | 1.88B | 1.65B | 1.44B | 1.35B | 442.70M | 255.70M | 237.40M | 187.80M |
| Operating Expenses | 21.51B | 21.11B | 19.21B | 16.90B | 16.84B | 16.19B | 16.33B | 15.16B | 15.23B | 15.28B | 16.01B | 15.51B | 14.33B | 15.02B | 15.12B | 6.18B | 5.89B | 6.49B | 6.33B | 5.54B | 5.25B | 5.39B | 4.91B | 5.11B | 4.79B | 4.57B | 4.35B | 3.88B | 3.10B | 2.73B | 2.77B | 2.54B | 2.25B | 2.01B | 1.89B | 442.70M | 255.70M | 237.40M | 187.80M |
| Cost & Expenses | 21.51B | 21.11B | 19.21B | 16.90B | 16.84B | 16.19B | 16.33B | 15.16B | 15.23B | 15.28B | 16.01B | 15.51B | 14.33B | 15.02B | 15.12B | 6.18B | 5.89B | 6.49B | 6.33B | 5.54B | 5.25B | 5.39B | 4.91B | 5.11B | 4.79B | 4.57B | 4.35B | 3.88B | 3.10B | 2.73B | 2.77B | 2.54B | 2.25B | 2.01B | 1.89B | 442.70M | 255.70M | 237.40M | 187.80M |
| Interest Income | 24.31B | 15.44B | 11.13B | 11.31B | 13.76B | 12.58B | 10.81B | 9.65B | 9.32B | 9.43B | 10.01B | 10.73B | 10.19B | 11.15B | 12.09B | 6.31B | 6.17B | 4.61B | 3.73B | 2.75B | 2.71B | 3.17B | 4.14B | 4.73B | 4.92B | 5.31B | 5.05B | 4.94B | 5.15B | 3.86B | 3.20B | 3.22B | 3.66B | 4.22B | 4.06B | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 10.39B | 2.42B | 487.00M | 1.36B | 3.80B | 2.86B | 1.71B | 1.26B | 1.05B | 906.00M | 860.00M | 1.09B | 1.49B | 1.92B | 3.00B | 2.49B | 3.25B | 2.37B | 1.58B | 783.00M | 716.00M | 975.00M | 1.88B | 2.57B | 2.49B | 2.74B | 2.56B | 2.49B | 3.01B | 1.95B | 1.37B | 1.56B | 2.22B | 2.87B | 2.76B | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 1.04B | 651.00M | 1.77B | 1.50B | 1.32B | 1.13B | 1.12B | 1.19B | 1.09B | 988.00M | 1.15B | 1.16B | 1.14B | 1.06B | 978.00M | 325.00M | 332.00M | 345.00M | 375.00M | 302.00M | 289.00M | 242.00M | 260.00M | 340.00M | 327.00M | 632.00M | 346.00M | 290.00M | 296.00M | 246.00M | 148.00M | 137.00M | 71.50M | 85.80M | 70.50M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 7.77B | 8.12B | 8.76B | 4.93B | 7.80B | 7.56B | 6.61B | 6.45B | 6.60B | 6.60B | 6.83B | 5.10B | 5.21B | 5.12B | 4.20B | 1.70B | 2.45B | 4.35B | 2.34B | 2.13B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 442.70M | 255.70M | 237.40M | 187.80M |
| EBITDA Ratio | 37.47% | 48.16% | 45.52% | 55.85% | 43.45% | 60.55% | 50.60% | 50.29% | 49.94% | 48.68% | 47.26% | 40.02% | 46.68% | 49.47% | 45.85% | 57.85% | 83.09% | 102.52% | 61.49% | 50.98% | 48.45% | 56.03% | 56.07% | 95.37% | 90.88% | 97.81% | 105.04% | 112.29% | 126.70% | 113.48% | 94.34% | 93.33% | 126.47% | 149.03% | 175.66% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | 10.58B | 10.66B | 10.18B | 5.82B | 8.07B | 8.11B | 8.44B | 7.77B | 8.12B | 8.55B | 8.78B | 4.06B | 12.68B | 13.51B | 14.59B | 6.34B | 5.35B | 6.33B | 3.51B | 1.20B | 1.03B | 2.78B | 2.43B | 4.48B | 4.38B | 4.45B | 4.17B | 4.02B | 3.63B | 2.85B | 2.47B | 2.24B | 2.77B | 2.90B | 3.24B | 442.70M | 255.70M | 237.40M | 187.80M |
| Operating Income Ratio | 50.98% | 45.07% | 36.25% | 47.00% | 36.07% | 53.96% | 86.67% | 86.27% | 86.76% | 87.35% | 88.50% | 88.13% | 88.50% | 89.98% | 91.67% | 90.35% | 78.23% | 97.22% | 55.56% | 21.64% | 19.59% | 51.54% | 50.66% | 88.64% | 84.57% | 85.64% | 97.00% | 104.74% | 117.16% | 104.48% | 89.01% | 87.94% | 123.29% | 144.76% | 171.92% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -3.84B | -3.18B | -3.19B | -2.39B | -2.58B | -2.62B | -2.95B | -2.52B | -2.62B | -2.93B | -3.10B | -24.00M | -152.00M | -165.00M | 113.00M | -5.10B | -3.25B | -345.00M | -175.00M | 548.00M | -28.00M | -959.00M | -1.87B | -2.63B | -2.49B | -2.74B | -2.56B | -2.49B | -3.01B | -1.95B | -1.35B | -1.46B | -2.22B | -2.87B | -2.76B | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 6.74B | 7.47B | 6.99B | 3.43B | 5.49B | 5.49B | 5.49B | 5.25B | 5.51B | 5.61B | 5.69B | 4.04B | 4.07B | 4.06B | 3.23B | 1.09B | 1.92B | 4.01B | 2.00B | 1.78B | 1.57B | 1.82B | 564.00M | 1.85B | 1.79B | 1.65B | 1.62B | 1.53B | 627.10M | 902.40M | 1.12B | 778.10M | 548.20M | 29.40M | 485.20M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 32.47% | 35.39% | 36.52% | 20.29% | 36.35% | 37.52% | 33.62% | 34.65% | 36.17% | 36.51% | 34.77% | 25.42% | 28.40% | 27.04% | 20.27% | 17.72% | 30.65% | 61.56% | 30.54% | 31.36% | 29.85% | 33.76% | 11.74% | 36.56% | 36.52% | 32.91% | 37.60% | 39.78% | 20.21% | 33.03% | 40.25% | 30.58% | 24.39% | 1.47% | 25.72% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 1.09B | 1.36B | 1.26B | 426.00M | 901.00M | 928.00M | 102.00M | 1.27B | 1.36B | 1.41B | 1.48B | 1.05B | 998.00M | 1.04B | 867.00M | 298.00M | 561.00M | 1.36B | 604.00M | 538.00M | 539.00M | 621.00M | 187.00M | 634.00M | 586.00M | 571.00M | 566.00M | 535.00M | 219.00M | 292.30M | 371.30M | 248.70M | 158.40M | -41.50M | 107.80M | -442.70M | -255.70M | -237.40M | -187.80M |
| Net Income | 5.58B | 6.04B | 5.67B | 7.52B | 5.37B | 5.30B | 5.34B | 3.90B | 4.11B | 4.18B | 4.20B | 3.00B | 3.06B | 3.41B | 2.45B | 882.00M | 1.47B | 2.60B | 1.33B | 1.20B | 1.00B | 1.18B | 372.00M | 1.28B | 1.26B | 1.12B | 1.05B | 992.00M | 408.10M | 610.10M | 725.90M | 426.90M | 389.80M | 70.90M | 377.40M | 442.70M | 255.70M | 237.40M | 187.80M |
| Net Income Ratio | 26.88% | 28.61% | 29.65% | 17.77% | 30.12% | 30.94% | 32.69% | 25.74% | 26.97% | 27.21% | 26.24% | 19.35% | 21.33% | 22.72% | 15.38% | 12.57% | 21.47% | 39.89% | 20.98% | 21.64% | 19.06% | 21.95% | 7.74% | 25.30% | 24.41% | 21.46% | 24.45% | 25.84% | 13.15% | 22.33% | 26.17% | 16.78% | 17.35% | 3.53% | 20.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 12.78 | 13.85 | 12.70 | 7.03 | 11.43 | 11.35 | 10.49 | 7.42 | 7.52 | 7.44 | 7.48 | 5.36 | 5.70 | 5.80 | 4.40 | 2.50 | 4.43 | 8.89 | 4.63 | 4.25 | 3.58 | 4.18 | 1.27 | 4.35 | 4.19 | 3.64 | 3.33 | 2.90 | 1.19 | 2.57 | 2.65 | 1.90 | 1.98 | 0.37 | 1.99 | 2.58 | 1.54 | 1.47 | 2.01 |
| EPS Diluted | 12.78 | 13.85 | 12.70 | 7.03 | 11.38 | 11.28 | 10.36 | 7.30 | 7.39 | 7.30 | 7.39 | 5.30 | 5.64 | 5.74 | 4.36 | 2.46 | 4.35 | 8.73 | 4.55 | 4.21 | 3.55 | 4.15 | 1.26 | 4.31 | 4.15 | 3.60 | 3.28 | 2.87 | 1.19 | 2.56 | 2.60 | 1.89 | 1.95 | 0.37 | 1.96 | 2.51 | 1.50 | 1.47 | 1.88 |
| Weighted Avg Shares Out | 401.00M | 412.00M | 426.00M | 427.00M | 447.00M | 467.00M | 481.00M | 494.00M | 514.00M | 529.00M | 528.00M | 526.00M | 524.00M | 517.00M | 454.00M | 344.00M | 331.00M | 292.00M | 286.00M | 281.00M | 280.00M | 283.00M | 287.00M | 290.00M | 296.90M | 300.80M | 310.15M | 340.25M | 339.13M | 236.61M | 236.39M | 223.05M | 195.20M | 182.16M | 187.24M | 171.37M | 166.53M | 161.72M | 93.61M |
| Weighted Avg Shares Out (Dil) | 401.00M | 412.00M | 426.00M | 427.00M | 448.00M | 470.00M | 486.00M | 500.00M | 521.00M | 537.00M | 532.00M | 529.00M | 526.00M | 520.00M | 455.00M | 347.00M | 335.00M | 297.00M | 290.00M | 284.00M | 281.00M | 285.00M | 290.00M | 292.80M | 300.00M | 305.10M | 316.22M | 345.35M | 344.92M | 238.45M | 238.42M | 224.23M | 198.21M | 182.16M | 190.10M | 176.21M | 169.93M | 161.72M | 99.78M |
The PNC Financial Services Group (PNC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for The PNC Financial Services Group (PNC) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare...
PNC Financial quarterly profit drops on lower interest income, higher provisions
PNC Financial reported a 4% drop in third-quarter net profit on Tuesday, as it earned less from customer interest payment and set aside a bigger buffer of capital to cover loans that may not be repaid in an uncertain economy.
The PNC Financial Services Group, Inc (PNC) Q3 Earnings and Revenues Beat Estimates
The PNC Financial Services Group, Inc (PNC) came out with quarterly earnings of $3.49 per share, beating the Zacks Consensus Estimate of $3.29 per share. This compares to earnings of $3.60 per share a year ago.
PNC Reports Third Quarter 2024 Net Income of $1.5 Billion, $3.49 Diluted EPS
Generated positive operating leverage; grew NII; substantially increased fee income and TBV PITTSBURGH , Oct. 15, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the quarter In millions, except per share data and as noted...
3-Stock Lunch: Delta Air Lines, Advanced Micro & PNC Bank
Will McGough, Prime Capital Financial director of investments, joins 'Power Lunch' to discuss stock plays for three stocks.
Exploring Analyst Estimates for The PNC Financial Services Group (PNC) Q3 Earnings, Beyond Revenue and EPS
Besides Wall Street's top -and-bottom-line estimates for The PNC Financial Services Group (PNC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
The PNC Power Play: Strong Dividends, Smart Moves, And Room To Run
PNC Financial excels in non-interest income and strategic diversification, with 40% of revenue from corporate and institutional banking, and disciplined expense management. Despite potential net interest income declines, PNC's strong balance sheet and capital flexibility offer resilience in a complex...
Regional US banks favored by analysts going into quarterly earnings
US banks' third quarter earnings are expected to benefit from upcoming Federal Reserve rate cuts, Bank of America analysts believe. Reduced rates could be a positive development for banks, particularly in a scenario where customer activity rebounds contributing to...
Rise in Net Interest Income to Support PNC Financial's Q3 Earnings
PNC's Q3 2024 results are likely to benefit from a rise in NII and capital markets & advisory revenues. Yet, rising costs and lower fee income are concerns.
The PNC Financial Services Group, Inc (PNC) Expected to Beat Earnings Estimates: Should You Buy?
The PNC Financial Services Group (PNC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Source: https://incomestatements.info
Category: Stock Reports