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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments92,19028,47416,50133,84430,59036,33738,492
Cash and cash equivalents92,19028,47416,50133,84430,59034,61136,139
Short-term investments     1,7262,353
Disposal group, including discontinued operation      2,262
Total current assets:92,19028,47416,50133,84430,59036,33740,754
Noncurrent Assets
Operating lease, right-of-use asset1,8762,000
Leveraged leases, net investment in leveraged leases disclosure, investment in leveraged leases6,4147,155
Property, plant and equipment7,6877,7285,7275,4365,5225,9085,643
Intangible assets, net (including goodwill)9,2339,2339,2189,1739,1039,48210,947
Goodwill9,2339,2339,2189,1739,1039,1039,103
Intangible assets, net (excluding goodwill)     3791,844
Total noncurrent assets:25,21026,11614,94514,60914,62515,39016,590
Other undisclosed assets349,279355,705350,869332,315321,165306,766287,728
TOTAL ASSETS:466,679410,295382,315380,768366,380358,493345,072
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt     1,7818,401
Total current liabilities:     1,7818,401
Noncurrent Liabilities
Other undisclosed liabilities412,638360,952334,545333,183319,526310,732290,597
Total liabilities:412,638360,952334,545333,183319,526312,513298,998
Stockholders' equity
Stockholders' equity attributable to parent54,01049,31447,72847,51345,69944,71044,551
Common stock2,7132,7122,7112,7102,7092,7082,705
Treasury stock, value(14,205)(12,781)(9,454)(6,904)(5,066)(3,368)(1,430)
Additional paid in capital15,88416,36916,27716,37416,65116,19716,573
Accumulated other comprehensive income (loss)2,770799(725)(148)(265)130503
Retained earnings46,84842,21538,91935,48131,67029,04326,200
Stockholders' equity attributable to noncontrolling interest312942721,1551,2701,523
Total stockholders' equity:54,04149,34347,77047,58546,85445,98046,074
TOTAL LIABILITIES AND EQUITY:466,679410,295382,315380,768366,380358,493345,072

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues16,90117,82717,13216,32915,16215,22515,375
Net investment income9,26611,33610,3218,8167,8267,6447,807
Financial services revenue2,6372,1882,2612,682
Cost of revenue(2,985)(773)(408)(441)(433)(255)(273)
Provision for loan, lease, and other losses(2,985)(773)(408)
Financial services costs(441)(433)(255)(273)
Gross profit:13,91617,05416,72415,88814,72914,97015,102
Operating expenses3,181(1,135)(1,103)(6,336)(5,949)(5,922)(7,099)
Other operating income, net
(Noninterest Income, Other Operating Income)
      1,395
Operating income:17,09715,91915,6219,5528,7809,0489,398
Nonoperating income
(Investment Income, Nonoperating)
      462
Interest and debt expense(1,361)(3,797)(2,861)(1,706)(1,261)(1,045)(906)
Income from continuing operations before equity method investments, income taxes:15,73612,12212,7607,8467,5198,0038,954
Income from equity method investments      441
Other undisclosed loss from continuing operations before income taxes(12,307)(5,642)(6,332)(2,356)(2,266)(2,496)(3,781)
Income from continuing operations before income taxes:3,4296,4806,4285,4905,2535,5075,614
Income tax expense(426)(1,062)(1,082)(102)(1,268)(1,364)(1,407)
Income from continuing operations:3,0035,4185,3465,3883,9854,1434,207
Income from discontinued operations4,555      
Net income:7,5585,4185,3465,3883,9854,1434,207
Net loss attributable to noncontrolling interest (49)(45)(50)(82)(37)(23)
Net income attributable to parent:7,5585,3695,3015,3383,9034,1064,184
Preferred stock dividends and other adjustments(4)(4)(4)(26)(6)(5)(237)
Undistributed earnings (loss) allocated to participating securities, basic(22)   
Other undisclosed net loss available to common stockholders, basic(4,816)(257)(257)(259)(235)(237)(11)
Net income available to common stockholders, basic:2,7165,1085,0405,0533,6623,8643,936
Other undisclosed net loss available to common stockholders, diluted (10)(9)(16)(12)(18)(18)
Net income available to common stockholders, diluted:2,7165,0985,0315,0373,6503,8463,918

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:7,5585,4185,3465,3883,9854,1434,207
Other comprehensive income (loss)1,9711,524(583)117(395)(373)67
Comprehensive income:9,5296,9424,7635,5053,5903,7704,274
Comprehensive loss, net of tax, attributable to noncontrolling interest(41)(49)(45)(50)(82)(37)(23)
Comprehensive income, net of tax, attributable to parent:9,4886,8934,7185,4553,5083,7334,251

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: