PNC Financial Services Group, Inc. (The) (PNC) financial statements (2021 and earlier)

Company profile

Business Address THE TOWER AT PNC PLAZA
PITTSBURGH, PA 15222-2401
State of Incorp. PA
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments28,47424,70723,77820,32316,50125,04827,397
Cash and cash equivalents28,47424,70723,77820,32316,50125,04827,397
Total current assets:28,47424,70723,77820,32316,50125,04827,397
Noncurrent Assets
Operating lease, right-of-use asset2,000   
Leveraged leases, net investment in leveraged leases disclosure, investment in leveraged leases7,155   
Property, plant and equipment7,728   5,727  
Intangible assets, net (including goodwill)9,2339,2339,2219,2189,2189,2189,218
Goodwill9,2339,2339,2219,2189,2189,2189,218
Total noncurrent assets:26,1169,2339,2219,21814,9459,2189,218
Other undisclosed assets355,705374,976372,762363,296350,869345,814344,096
TOTAL ASSETS:410,295408,916405,761392,837382,315380,080380,711
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities360,952359,461356,380344,262334,545332,978333,736
Total liabilities:360,952359,461356,380344,262334,545332,978333,736
Stockholders' equity
Stockholders' equity attributable to parent49,31449,42049,34048,53647,72847,05846,904
Common stock2,7122,7112,7112,7112,7112,7102,710
Treasury stock, value(12,781)(11,838)(10,866)(10,085)(9,454)(8,771)(8,317)
Additional paid in capital16,36916,29716,24816,17316,27716,29916,250
Accumulated other comprehensive income (loss)799837631(5)(725)(1,260)(940)
Retained earnings42,21541,41340,61639,74238,91938,08037,201
Stockholders' equity attributable to noncontrolling interest29354139424471
Total stockholders' equity:49,34349,45549,38148,57547,77047,10246,975
TOTAL LIABILITIES AND EQUITY:410,295408,916405,761392,837382,315380,080380,711

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues4,6094,4934,4394,2864,3404,3574,324
Net investment income2,7742,8862,8682,808 2,6392,525
Financial services revenue672625
Cost of revenue(221)(183)(180)(189)(148)(88)(80)
Provision for loan, lease, and other losses(221)(183)(180)(189)   
Financial services costs(88)(80)
Gross profit:4,3884,3104,2594,0974,1924,2694,244
Operating expenses(278)(282)(295)(280)3,837(1,679)(1,634)
Operating income:4,1104,0283,9643,8178,0292,5902,610
Interest and debt expense(846)(999)(999)(953)(878)(757)(669)
Income from continuing operations before equity method investments, income taxes:3,2643,0292,9652,8647,1511,8331,941
Other undisclosed loss from continuing operations before income taxes(1,638)(1,342)(1,317)(1,345)(5,536)(172)(281)
Income from continuing operations before income taxes:1,6261,6871,6481,5191,6151,6611,660
Income tax expense(245)(295)(274)(248)(264)(261)(304)
Net income:1,3811,3921,3741,2711,3511,4001,356
Net loss attributable to noncontrolling interest(14)(13)(12)(10)(14)(11)(10)
Net income attributable to parent:1,3671,3791,3621,2611,3371,3891,346
Preferred stock dividends and other adjustments(1)(1)(1)(1)(1)(1)(1)
Other undisclosed net loss available to common stockholders, basic(61)(69)(59)(68)(60)(69)(60)
Net income available to common stockholders, basic:1,3051,3091,3021,1921,2761,3191,285
Other undisclosed net loss available to common stockholders, diluted(3)(2)(2)(3)(2)(2)(3)
Net income available to common stockholders, diluted:1,3021,3071,3001,1891,2741,3171,282

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:1,3811,3921,3741,2711,3511,4001,356
Other comprehensive income (loss)(38)206636720535(320)(241)
Comprehensive income:1,3431,5982,0101,9911,8861,0801,115
Comprehensive loss, net of tax, attributable to noncontrolling interest(14)(13)(12)(10)(14)(11)(10)
Comprehensive income, net of tax, attributable to parent:1,3291,5851,9981,9811,8721,0691,105

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: