The PNC Financial Services Group, Inc. (PNC)

PNC Financial Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	21,032	21,490	21,120	19,211	16,901	16,839
Revenue Growth (YoY)	-4.53%	1.75%	9.94%	13.67%	0.37%	4.01%
Gross Profit	21,032	21,490	21,120	19,211	16,901	16,839
Selling, General & Admin	10,113	10,171	9,986	9,811	7,911	7,992
Other Operating Expenses	3,912	3,841	3,184	3,191	2,386	2,582
Operating Expenses	14,025	14,012	13,170	13,002	10,297	10,574
Operating Income	7,007	7,478	7,950	6,209	6,604	6,265
Other Expense / Income	728	811	549	-728	-1,339	-5
Pretax Income	6,279	6,667	7,401	6,937	7,943	6,270
Income Tax	1,048	1,089	1,360	1,263	426	901
Net Income	5,231	5,578	6,041	5,674	7,517	5,369
Preferred Dividends	438	425	306	238	233	240
Net Income Common	4,793	5,153	5,735	5,436	7,284	5,129
Net Income Growth	-19.86%	-10.15%	5.50%	-25.37%	42.02%	1.34%
Shares Outstanding (Basic)	400	401	412	426	427	447
Shares Outstanding (Diluted)	400	401	412	426	427	448
Shares Change	-0.50%	-2.67%	-3.29%	-0.23%	-4.69%	-4.68%
EPS (Basic)	11.91	12.80	13.86	12.71	16.99	11.43
EPS (Diluted)	11.91	12.79	13.85	12.70	16.96	11.39
EPS Growth	-18.48%	-7.65%	9.06%	-25.12%	48.90%	6.35%
Free Cash Flow	9,993	10,111	9,083	7,214	4,659	7,363
Free Cash Flow Per Share	24.98	25.21	22.05	16.93	10.91	16.47
Dividend Per Share	6.150	6.100	5.750	4.800	4.600	4.200
Dividend Growth	2.50%	6.09%	19.79%	4.35%	9.52%	23.53%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	33.32%	34.80%	37.64%	32.32%	39.07%	37.21%
Profit Margin	22.79%	23.98%	27.15%	28.30%	43.10%	30.46%
Free Cash Flow Margin	47.51%	47.05%	43.01%	37.55%	27.57%	43.73%
Effective Tax Rate	16.69%	16.33%	18.38%	18.21%	5.36%	14.37%
EBITDA	6,468	6,884	8,052	8,710	9,440	7,585
EBITDA Margin	30.75%	32.03%	38.13%	45.34%	55.85%	45.04%
Depreciation & Amortization	189	217	651	1,773	1,497	1,315
EBIT	6,279	6,667	7,401	6,937	7,943	6,270
EBIT Margin	29.85%	31.02%	35.04%	36.11%	47.00%	37.23%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).