PNC Financial Services Group, Inc. (The) (PNC) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments82,25492,19028,47416,50133,84430,59036,337
Cash and cash equivalents82,25492,19028,47416,50133,84430,59034,611
Short-term investments      1,726
Total current assets:82,25492,19028,47416,50133,84430,59036,337
Noncurrent Assets
Operating lease, right-of-use asset1,9191,8762,000
Leveraged leases, net investment in leveraged leases disclosure, investment in leveraged leases6,1296,4147,155
Property, plant and equipment8,5937,6877,7285,7275,4365,5225,908
Intangible assets, net (including goodwill)10,9169,2339,2339,2189,1739,1039,482
Goodwill10,9169,2339,2339,2189,1739,1039,103
Intangible assets, net (excluding goodwill)      379
Total noncurrent assets:27,55725,21026,11614,94514,60914,62515,390
Other undisclosed assets447,380349,279355,705350,869332,315321,165306,766
TOTAL ASSETS:557,191466,679410,295382,315380,768366,380358,493
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt      1,781
Total current liabilities:      1,781
Noncurrent Liabilities
Other undisclosed liabilities501,465412,638360,952334,545333,183319,526310,732
Total liabilities:501,465412,638360,952334,545333,183319,526312,513
Stockholders' equity
Stockholders' equity attributable to parent55,69554,01049,31447,72847,51345,69944,710
Common stock2,7132,7132,7122,7112,7102,7092,708
Treasury stock, value(15,112)(14,205)(12,781)(9,454)(6,904)(5,066)(3,368)
Additional paid in capital17,45715,88416,36916,27716,37416,65116,197
Accumulated other comprehensive income (loss)4092,770799(725)(148)(265)130
Retained earnings50,22846,84842,21538,91935,48131,67029,043
Stockholders' equity attributable to noncontrolling interest31312942721,1551,270
Total stockholders' equity:55,72654,04149,34347,77047,58546,85445,980
TOTAL LIABILITIES AND EQUITY:557,191466,679410,295382,315380,768366,380358,493

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues19,21116,90117,82717,13216,32915,16215,225
Net investment income9,3009,26611,33610,3218,8167,8267,644
Financial services revenue2,6372,1882,261
Cost of revenue (2,985)(773)(408)(441)(433)(255)
Provision for loan, lease, and other losses (2,985)(773)(408)
Financial services costs(441)(433)(255)
Gross profit:19,21113,91617,05416,72415,88814,72914,970
Operating expenses(3,032)3,181(1,135)(1,103)(6,336)(5,949)(5,922)
Operating income:16,17917,09715,91915,6219,5528,7809,048
Interest and debt expense(487)(1,361)(3,797)(2,861)(1,706)(1,261)(1,045)
Income from continuing operations before equity method investments, income taxes:15,69215,73612,12212,7607,8467,5198,003
Other undisclosed loss from continuing operations before income taxes(8,704)(12,307)(5,642)(6,332)(2,356)(2,266)(2,496)
Income from continuing operations before income taxes:6,9883,4296,4806,4285,4905,2535,507
Income tax expense(1,263)(426)(1,062)(1,082)(102)(1,268)(1,364)
Income from continuing operations:5,7253,0035,4185,3465,3883,9854,143
Income from discontinued operations 4,555     
Net income:5,7257,5585,4185,3465,3883,9854,143
Net loss attributable to noncontrolling interest  (49)(45)(50)(82)(37)
Net income attributable to parent:5,7257,5585,3695,3015,3383,9034,106
Preferred stock dividends and other adjustments(5)(4)(4)(4)(26)(6)(5)
Undistributed earnings (loss) allocated to participating securities, basic (22)   
Other undisclosed net loss available to common stockholders, basic(311)(4,816)(257)(257)(259)(235)(237)
Net income available to common stockholders, basic:5,4092,7165,1085,0405,0533,6623,864
Other undisclosed net loss available to common stockholders, diluted  (10)(9)(16)(12)(18)
Net income available to common stockholders, diluted:5,4092,7165,0985,0315,0373,6503,846

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:5,7257,5585,4185,3465,3883,9854,143
Other comprehensive income (loss)(2,361)1,9711,524(583)117(395)(373)
Comprehensive income:3,3649,5296,9424,7635,5053,5903,770
Comprehensive loss, net of tax, attributable to noncontrolling interest(51)(41)(49)(45)(50)(82)(37)
Comprehensive income, net of tax, attributable to parent:3,3139,4886,8934,7185,4553,5083,733

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.

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