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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments28,47416,50133,84430,59036,33738,492 
Cash and cash equivalents28,47416,50133,84430,59034,61136,139 
Short-term investments    1,7262,353 
Disposal group, including discontinued operation     2,262 
Total current assets:28,47416,50133,84430,59036,33740,754 
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 equipment7,7285,7275,4365,5225,9085,6435,618
Intangible assets, net (including goodwill)9,2339,2189,1739,1039,48210,94711,290
Goodwill9,2339,2189,1739,1039,1039,1039,074
Intangible assets, net (excluding goodwill)    3791,8442,216
Total noncurrent assets:26,11614,94514,60914,62515,39016,59016,908
Other undisclosed assets355,705350,869332,315321,165306,766287,728303,388
TOTAL ASSETS:410,295382,315380,768366,380358,493345,072320,296
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    1,7818,4014,997
Total current liabilities:    1,7818,4014,997
Noncurrent Liabilities
Other undisclosed liabilities360,952334,545333,183319,526310,732290,597271,202
Total liabilities:360,952334,545333,183319,526312,513298,998276,199
Stockholders' equity
Stockholders' equity attributable to parent49,31447,72847,51345,69944,71044,55142,408
Common stock2,7122,7112,7102,7092,7082,7052,698
Treasury stock, value(12,781)(9,454)(6,904)(5,066)(3,368)(1,430)(408)
Additional paid in capital16,36916,27716,37416,65116,19716,57316,357
Accumulated other comprehensive income (loss)799(725)(148)(265)130503436
Retained earnings42,21538,91935,48131,67029,04326,20023,325
Stockholders' equity attributable to noncontrolling interest2942721,1551,2701,5231,689
Total stockholders' equity:49,34347,77047,58546,85445,98046,07444,097
TOTAL LIABILITIES AND EQUITY:410,295382,315380,768366,380358,493345,072320,296

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues17,82717,13216,32915,16215,22515,37516,012
Net investment income11,33610,3218,8167,8267,6447,807 
Financial services revenue2,6372,1882,2612,682 
Cost of revenue(773)(408)(441)(433)(255)(273) 
Provision for loan, lease, and other losses(773)(408)
Financial services costs(441)(433)(255)(273) 
Gross profit:17,05416,72415,88814,72914,97015,10216,012
Operating expenses(1,135)(1,103)(6,336)(5,949)(5,922)(7,099)(6,547)
Other operating income, net
(Noninterest Income, Other Operating Income)
     1,3951,509
Operating income:15,91915,6219,5528,7809,0489,39810,974
Nonoperating income (expense)     462(215)
Investment income, nonoperating     46246
Mortgage servicing rights (msr) impairment (recovery)      (261)
Interest and debt expense(3,797)(2,861)(1,706)(1,261)(1,045)(906)(860)
Income from continuing operations before equity method investments, income taxes:12,12212,7607,8467,5198,0038,9549,899
Income from equity method investments     441373
Other undisclosed loss from continuing operations before income taxes(5,642)(6,332)(2,356)(2,266)(2,496)(3,781)(4,704)
Income from continuing operations before income taxes:6,4806,4285,4905,2535,5075,6145,568
Income tax expense(1,062)(1,082)(102)(1,268)(1,364)(1,407)(1,341)
Net income:5,4185,3465,3883,9854,1434,2074,227
Net loss attributable to noncontrolling interest(49)(45)(50)(82)(37)(23) 
Net income attributable to parent:5,3695,3015,3383,9034,1064,1844,227
Preferred stock dividends and other adjustments(4)(4)(26)(6)(5)(237)(249)
Other undisclosed net loss available to common stockholders, basic(257)(257)(259)(235)(237)(11)(25)
Net income available to common stockholders, basic:5,1085,0405,0533,6623,8643,9363,953
Other undisclosed net loss available to common stockholders, diluted(10)(9)(16)(12)(18)(18)(18)
Net income available to common stockholders, diluted:5,0985,0315,0373,6503,8463,9183,935

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:5,4185,3465,3883,9854,1434,2074,227
Other comprehensive income (loss)1,524(583)117(395)(373)67(398)
Comprehensive income:6,9424,7635,5053,5903,7704,2743,829
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(49)(45)(50)(82)(37)(23)7
Other undisclosed comprehensive loss, net of tax, attributable to parent      (14)
Comprehensive income, net of tax, attributable to parent:6,8934,7185,4553,5083,7334,2513,822

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: