PNC Financial Services Group, Inc. (The) (PNC) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments44,45039,80534,36346,82636,98656,348
Cash and cash equivalents44,45039,80534,36346,82636,98656,348
Financing receivable, accrued interest, after allowance for credit loss1,3001,3001,200   
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss288257282   
Total current assets:46,03841,36235,84546,82636,98656,348
Noncurrent Assets
Operating lease, right-of-use asset   1,857   
Leveraged leases, net investment in leveraged leases disclosure, investment in leveraged leases   6,514   
Property, plant and equipment   8,754   
Intangible assets, net (including goodwill)10,98710,98710,98710,98710,91610,916
Goodwill10,98710,98710,98710,98710,91610,916
Total noncurrent assets:10,98710,98728,11210,98710,91610,916
Other undisclosed assets501,182509,428493,306501,664492,884473,982
TOTAL ASSETS:558,207561,777557,263559,477540,786541,246
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities508,861512,703511,451512,754493,098492,030
Total liabilities:508,861512,703511,451512,754493,098492,030
Equity
Equity, attributable to parent49,32049,04445,77446,68847,65249,181
Common stock2,7152,7142,7142,7142,7142,713
Treasury stock, value(19,150)(19,024)(18,716)(18,127)(17,076)(16,346)
Additional paid in capital19,93419,86418,37619,81018,53117,487
Accumulated other comprehensive loss(9,525)(9,108)(10,172)(10,486)(8,358)(5,731)
Retained earnings55,34654,59853,57252,77751,84151,058
Equity, attributable to noncontrolling interest263038353635
Total equity:49,34649,07445,81246,72347,68849,216
TOTAL LIABILITIES AND EQUITY:558,207561,777557,263559,477540,786541,246

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues5,2935,6035,7635,5495,1164,692
Net investment income5,0614,7744,2733,4172,6502,370
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (189)(229) (241)  
Other undisclosed gross profit   59   
Gross profit:5,1045,3745,8225,3085,1164,692
Operating expenses(353)(325)994(334)(341)(319)
Operating income:4,7515,0496,8164,9744,7754,373
Interest and debt expense(2,434)(2,074)(1,425)(657)(230)(110)
Income from continuing operations before equity method investments, income taxes:2,3172,9755,3914,3174,5454,263
Other undisclosed loss from continuing operations before income taxes(542)(928)(3,510)(2,289)(2,709)(2,535)
Income from continuing operations before income taxes:1,7752,0471,8812,0281,8361,728
Income tax expense(275)(353)(333)(388)(340)(299)
Income from continuing operations:1,5001,6941,5481,6401,4961,429
Income before gain (loss) on sale of properties:1,6401,4961,429
Net income:1,5001,6941,5481,6401,4961,429
Net loss attributable to noncontrolling interest(17)(17) (16)(15)(21)
Other undisclosed net income attributable to parent   52   
Net income attributable to parent:1,4831,6771,6001,6241,4811,408
Preferred stock dividends and other adjustments(2)(2)(1)(1)(1)(2)
Other undisclosed net loss available to common stockholders, basic(134)(76)(198)(73)(78)(51)
Net income available to common stockholders, diluted:1,3471,5991,4011,5501,4021,355

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:1,5001,6941,5481,6401,4961,429
Other comprehensive income (loss)(417)1,064314(2,128)(2,627)(6,140)
Comprehensive income (loss):1,0832,7581,862(488)(1,131)(4,711)
Comprehensive loss, net of tax, attributable to noncontrolling interest(17)(17)(20)(16)(15)(21)
Comprehensive income (loss), net of tax, attributable to parent:1,0662,7411,842(504)(1,146)(4,732)

Statements Sources

The financial statements are based on the Company's filings with 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: