The PNC Financial Services Group, Inc. (BMV:PNC)

BMV:PNC Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	18,766	19,346	18,299	11,795	9,007	8,927
Interest Income on Investments	6,950	7,038	6,009	3,641	2,127	2,380
Total Interest Income	25,716	26,384	24,308	15,436	11,134	11,307
Interest Paid on Deposits	7,893	8,401	6,609	1,267	126	643
Interest Paid on Borrowings	3,859	4,484	3,783	1,155	361	718
Total Interest Expense	11,752	12,885	10,392	2,422	487	1,361
Net Interest Income	13,964	13,499	13,916	13,014	10,647	9,946
Net Interest Income Growth (YoY)	4.31%	-3.00%	6.93%	22.23%	7.05%	-0.19%
Trust Income	1,539	1,485	1,412	1,444	1,438	1,203
Mortgage Banking Activities	565	581	625	647	850	946
Gain (Loss) on Sale of Investments	-3	254	-2	-7	64	369
Other Non-Interest Income	6,047	5,736	5,539	6,022	6,212	4,437
Total Non-Interest Income	8,148	8,056	7,574	8,106	8,564	6,955
Non-Interest Income Growth (YoY)	4.96%	6.36%	-6.56%	-5.35%	23.13%	1.18%
Revenues Before Loan Losses	22,112	21,555	21,490	21,120	19,211	16,901
Provision for Loan Losses	872	789	742	477	-779	3,175
Revenue	21,240	20,766	20,748	20,643	19,990	13,726
Revenue Growth (YoY)	4.12%	0.09%	0.51%	3.27%	45.64%	-14.56%
Salaries and Employee Benefits	7,505	7,302	7,428	7,244	7,141	5,673
Selling, General & Administrative	2,951	2,843	2,743	2,742	2,670	2,238
Other Non-Interest Expense	3,147	3,379	3,841	3,184	3,191	2,386
Total Non-Interest Expense	13,603	13,524	14,012	13,170	13,002	10,297
EBT Excluding Unusual Items	7,637	7,242	6,736	7,473	6,988	3,429
Pretax Income	7,637	7,242	6,736	7,473	6,988	3,429
Income Tax Expense	1,363	1,289	1,089	1,360	1,263	426
Earnings From Continuing Operations	6,274	5,953	5,647	6,113	5,725	3,003
Earnings From Discontinued Operations	-	-	-	-	-	4,555
Minority Interest in Earnings	-66	-64	-69	-72	-51	-41
Net Income	6,208	5,889	5,578	6,041	5,674	7,517
Preferred Dividends & Other Adjustments	371	393	452	333	265	268
Net Income to Common	5,837	5,496	5,126	5,708	5,409	7,249
Net Income Growth	19.22%	5.58%	-7.66%	6.47%	-24.52%	40.01%
Basic Shares Outstanding	398	399	401	412	426	427
Diluted Shares Outstanding	399	400	401	412	426	427
Shares Change (YoY)	-0.38%	-0.25%	-2.67%	-3.29%	-0.23%	-4.69%
EPS (Basic)	14.67	13.77	12.78	13.85	12.70	16.98
EPS (Diluted)	14.62	13.74	12.78	13.85	12.70	16.97
EPS Growth	22.60%	7.49%	-7.70%	9.08%	-25.19%	49.15%
Dividend Per Share	6.400	6.300	6.100	5.750	4.800	4.600
Dividend Growth	3.23%	3.28%	6.09%	19.79%	4.35%	9.52%
Effective Tax Rate	17.85%	17.80%	16.17%	18.20%	18.07%	12.42%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.