PNC Financial Services Group, Inc. PNC Income Statement

Pnc financial services group, inc. (PNC)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Interest Income
Loans
2,480	2,573	2,678	2,672	2,602	2,555	2,452	2,345	2,228	2,154	2,140	2,040	1,904	1,886	1,856	1,829	1,843	1,806	1,804	1,791	1,802	1,835	1,848	1,845	1,899	1,949	1,933	1,955	2,029	2,094	2,076	2,163	1,951	1,902	1,904	1,905	1,884	1,962	1,996	2,158	2,160	2,160	2,091	2,203	2,465	1,024	1,050
Investment securities
582	560	617	629	620	608	584	557	512	509	501	495	493	457	451	456	462	443	423	407	406	398	387	412	427	434	423	422	470	478	504	527	526	523	511	549	578	602	592	572	623	643	684	672	689	447	419
Other
138	201	208	196	206	196	187	180	178	162	154	139	123	110	101	99	102	109	114	107	111	104	93	99	84	96	92	92	112	99	90	106	120	109	115	93	121	107	113	143	122	136	113	125	105	103	108
Total interest income
3,200	3,334	3,503	3,497	3,428	3,359	3,223	3,082	2,918	2,825	2,795	2,674	2,520	2,453	2,408	2,384	2,407	2,358	2,341	2,305	2,319	2,337	2,328	2,356	2,410	2,479	2,448	2,469	2,611	2,671	2,670	2,796	2,597	2,534	2,530	2,547	2,583	2,671	2,701	2,873	2,905	2,939	2,888	3,000	3,259	1,574	1,577
Interest Expense
Deposits
375	468	531	515	472	419	336	261	213	190	170	143	120	114	107	104	105	106	107	98	92	86	81	80	78	81	84	86	93	97	103	83	103	139	167	180	182	205	233	244	281	334	387	474	546	340	362
Borrowed funds
314	378	468	484	481	459	421	408	344	290	280	273	240	209	206	212	204	160	172	155	155	154	143	147	137	132	130	125	129	150	168	187	203	196	188	217	225	265	253	194	245	259	277	333	393	234	238
Total interest expense
689	846	999	999	953	878	757	669	557	480	450	416	360	323	313	316	309	266	279	253	247	240	224	227	215	213	214	211	222	247	271	270	306	335	355	397	407	470	486	438	526	593	664	807	939	574	600
Interest Income (Expense), Net
2,511	2,488	2,504	2,498	2,475	2,481	2,466	2,413	2,361	2,345	2,345	2,258	2,160	2,130	2,095	2,068	2,098	2,092	2,062	2,052	2,072	2,097	2,104	2,129	2,195	2,266	2,234	2,258	2,389	2,424	2,399	2,526	2,291	2,199	2,175	2,150	2,176	2,201	2,215	2,435	2,379	2,346	2,224	2,193	2,320	1,000	977
Noninterest Income
Noninterest Income
2,006	2,121	1,989	1,941	1,811	1,859	1,891	1,911	1,750	1,915	1,780	1,802	1,724	1,744	1,734	1,726	1,567	1,761	1,713	1,814	1,659	1,850	1,737	1,681	1,582	1,807	1,686	1,806	1,566	1,645	1,689	1,097	1,441	1,350	1,369	1,452	1,455	1,702	1,383	1,477	1,384	2,540	1,629	1,610	1,366	654	1,062
Fund servicing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	233	234
Net gains on sales of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9	8	42	-	0	-6	10	3	21	61	14	45	40	62	57	62	68	82	37	68	121	147	90	144	168	182	56	55	8
Other-than-temporary impairments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	-	2	10	1	5	26	32	16	195	122	73	30	-	117	-	-	-	-	-	-	-	-
Less: Noncredit portion of other-than-temporary impairments (a)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-6	9	10	-2	2	22	-151	-87	-34	4	-137	-46	24	-124	-251	-272	-298	-537	0	0
Net other-than-temporary impairments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	-	2	4	10	15	24	34	38	44	35	39	34	44	71	94	116	144	129	155	149	129	9
Other
343	456	342	367	308	325	301	334	245	159	313	304	301	210	259	264	306	377	324	367	269	443	313	321	311	367	360	455	311	520	406	240	285	250	194	266	343	234	193	217	240	327	311	295	54	-133	206
Total revenue
4,517	4,609	4,493	4,439	4,286	4,340	4,357	4,324	4,111	4,260	4,125	4,060	3,884	3,874	3,829	3,794	3,665	3,853	3,775	3,866	3,731	3,947	3,841	3,810	3,777	4,073	3,920	4,064	3,955	4,069	4,088	3,623	3,732	3,549	3,544	3,602	3,631	3,903	3,598	3,912	3,763	4,886	3,853	3,803	3,686	1,654	2,039
Provision for credit losses
914	-	-	-	189	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for Loan, Lease, and Other Losses
-	-	183	180	-	148	88	80	92	125	130	98	88	67	87	127	152	74	81	46	54	52	55	72	94	113	137	157	236	318	228	256	185	190	261	280	421	442	486	823	751	1,049	914	1,087	880	190	186
Noninterest Expense
Personnel
1,369	1,468	1,400	1,365	1,414	1,348	1,413	1,356	1,354	1,449	1,286	1,276	1,257	1,263	1,239	1,226	1,145	1,252	1,222	1,200	1,157	1,170	1,189	1,172	1,080	1,207	1,181	1,186	1,169	1,216	1,171	1,119	1,111	1,052	949	976	989	1,032	959	959	956	969	1,068	1,086	996	569	547
Occupancy
207	201	206	212	215	202	195	203	218	240	204	202	222	210	215	215	221	208	209	209	216	216	200	199	218	211	205	206	211	226	212	199	190	198	171	176	193	194	177	172	187	180	172	182	179	89	90
Equipment
287	348	291	298	273	285	264	281	273	274	259	281	251	254	246	240	234	245	227	231	222	234	220	204	201	197	194	189	183	194	185	181	175	177	159	158	167	176	152	168	172	173	170	174	178	91	94
Marketing
58	77	76	83	65	84	71	75	55	60	62	67	55	60	72	61	54	56	64	67	62	67	66	68	52	66	68	67	45	70	74	67	68	74	72	63	40	70	81	65	50	59	58	59	57	38	34
Other
622	668	650	653	611	658	665	669	627	1,038	645	653	617	654	622	618	627	635	630	659	692	852	682	685	713	833	746	757	760	1,027	1,008	1,082	911	1,218	789	803	681	868	789	638	748	828	746	991	748	344	338
Total noninterest expense
2,543	2,762	2,623	2,611	2,578	2,577	2,608	2,584	2,527	3,061	2,456	2,479	2,402	2,441	2,394	2,360	2,281	2,396	2,352	2,366	2,349	2,539	2,357	2,328	2,264	2,514	2,394	2,405	2,368	2,733	2,650	2,648	2,455	2,719	2,140	2,176	2,070	2,340	2,158	2,002	2,113	2,209	2,214	2,492	2,158	1,131	1,103
Income before income taxes and noncontrolling interests
1,060	1,626	1,687	1,648	1,519	1,615	1,661	1,660	1,492	1,074	1,539	1,483	1,394	1,366	1,348	1,307	1,232	1,383	1,342	1,454	1,328	1,356	1,429	1,410	1,419	1,446	1,389	1,502	1,351	1,018	1,210	719	1,092	640	1,143	1,146	1,140	1,121	954	1,087	899	1,628	725	224	648	333	750
Income taxes
145	245	295	274	248	264	261	304	253	-1,017	413	386	320	319	342	318	289	361	269	410	324	299	391	358	359	372	361	387	356	306	285	173	281	147	309	234	308	301	179	306	251	525	185	29	128	74	233
Income from continuing operations before noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	820	775	781	648	1,103	540	195	520	-	-
Income from discontinued operations (net of income taxes of zero, zero, and $338)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	328	22	23	4	19	12	10	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
915	1,381	1,392	1,374	1,271	1,351	1,400	1,356	1,239	2,091	1,126	1,097	1,074	1,047	1,006	989	943	1,022	1,073	1,044	1,004	1,057	1,038	1,052	1,060	1,074	1,028	1,115	995	712	925	546	811	493	834	912	832	820	1,103	803	671	1,107	559	207	530	259	517
Less: Net income attributable to noncontrolling interests
7	14	13	12	10	14	11	10	10	11	12	10	17	22	18	23	19	14	18	4	1	21	1	3	-2	13	2	4	-8	6	-14	-5	6	17	4	-1	-5	-13	2	-9	5	-77	20	9	4	11	12
Preferred stock dividends
63	55	63	55	63	55	63	55	63	55	63	55	63	41	63	42	63	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24	4	25	93	119	99	119	51	0	0
Preferred stock discount accretion and redemptions
1	1	1	1	1	1	1	1	1	2	1	2	21	2	1	1	2	-177	64	48	70	-184	71	48	70	-187	71	53	75	-123	63	25	39	-31	4	25	4	1	3	1	250	14	13	14	15	0	0
Net income attributable to common shareholders
844	1,311	1,315	1,306	1,197	1,281	1,325	1,290	1,165	2,023	1,050	1,030	973	982	924	923	859	965	991	992	933	988	966	1,001	992	1,011	955	1,058	928	652	876	526	766	451	826	888	833	798	1,094	786	333	1,011	467	65	460	248	505
Earnings Per Common Share
Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.56	1.45	1.45	0.62	2.20	0.97	0.11	1.02	-	-
Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.53	1.45	1.43	0.61	2.18	0.96	0.11	1.01	-	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.63	0.04	0.05	-	0.04	0.03	0.02	-	-
Basic (in dollars per share)
1.96	2.97	2.95	2.89	2.62	2.76	2.84	2.74	2.45	4.20	2.18	2.12	1.99	2.01	1.87	1.84	1.70	1.88	1.93	1.92	1.79	1.88	1.82	1.88	1.86	1.89	1.80	2.00	1.76	1.22	1.66	1.00	1.45	0.85	1.57	1.69	1.59	1.56	2.08	1.49	0.67	2.21	1.01	0.14	1.04	0.72	1.46
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.62	0.04	0.05	-	0.04	0.03	0.02	-	-
Diluted (in dollars per share)
1.95	2.96	2.94	2.88	2.61	2.74	2.82	2.72	2.43	4.14	2.16	2.10	1.96	1.96	1.84	1.82	1.68	1.86	1.90	1.88	1.75	1.84	1.79	1.85	1.82	1.87	1.77	1.98	1.74	1.22	1.64	0.98	1.44	0.85	1.55	1.67	1.57	1.54	2.07	1.47	0.66	2.19	1.00	0.14	1.03	0.70	1.45
Average Common Shares Outstanding
Basic (in shares)
429	438	444	451	455	461	465	469	473	474	479	484	487	488	490	497	501	506	512	517	521	523	529	532	532	529	529	528	526	525	526	527	526	524	524	524	524	523	523	524	498	462	460	451	443	345	344
Diluted (in shares)
430	439	445	452	456	465	467	472	476	481	483	488	492	494	496	503	507	510	520	525	529	533	537	539	539	535	534	531	528	528	529	530	529	525	526	527	526	527	526	527	500	462	461	453	444	347	346
Asset management [Member]
Noninterest Income
382	504	464	445	437	428	486	456	455	720	421	398	403	399	404	377	341	399	376	416	376	376	411	362	364	364	330	340	308	302	305	278	284	250	287	288	263	303	249	243	259	219	242	208	189	180	197
Consumer services [Member]
Noninterest Income
377	390	402	392	371	387	377	381	357	366	357	360	332	349	348	354	337	349	341	334	311	321	320	323	290	327	316	314	296	294	288	290	264	269	330	333	311	322	328	315	296	315	330	329	316	153	149
Corporate services [Member]
Noninterest Income
526	499	469	484	462	468	465	487	429	458	404	466	414	472	389	403	325	394	384	369	344	397	374	343	301	301	306	326	277	349	295	290	232	266	187	228	217	370	183	261	268	260	252	264	245	198	185
Residential mortgage [Member]
Noninterest Income
210	87	134	82	65	59	76	84	97	29	104	104	113	142	160	165	100	113	125	164	164	135	140	182	161	271	199	167	234	0	227	-173	230	157	198	163	195	157	216	179	147	107	207	245	431	0	0
Service charges on deposits [Member]
Noninterest Income
168	185	178	171	168	192	186	169	167	183	181	170	161	172	174	163	158	170	172	156	153	180	179	156	147	158	156	147	136	150	152	144	127	140	140	131	123	132	164	209	200	236	248	242	224	97	92