PNC FINANCIAL SERVICES GROUP INC
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
PNC$231.300.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Parent Company - Income Statement
Summarized financial information of the parent company is as follows:
Table 108: Parent Company - Income Statement
| Year ended December 31In millions | 2023 | 2022 | 2021 |
|---|---|---|---|
| Operating Revenue | |||
| Dividends from: | |||
| Bank subsidiaries and bank holding company | $2,500 | $3,925 | $3,980 |
| Non-bank subsidiaries | 565 | 280 | 424 |
| Interest income | 638 | 104 | 15 |
| Noninterest income (loss) | 41 | (37) | 41 |
| Total operating revenue | 3,744 | 4,272 | 4,460 |
| Operating Expense | |||
| Interest expense | 1,269 | 326 | 129 |
| Other expense | 185 | 136 | 245 |
| Total operating expense | 1,454 | 462 | 374 |
| Income before income taxes and equity in undistributed net income of subsidiaries | 2,290 | 3,810 | 4,086 |
| Equity in undistributed net income of subsidiaries: | |||
| Bank subsidiaries and bank holding company | 3,337 | 1,848 | 1,085 |
| Non-bank subsidiaries | (161) | 455 | 543 |
| Income before taxes | 5,466 | 6,113 | 5,714 |
| Income tax expense (benefit) | (112) | 72 | 41 |
| Net income | 5,578 | 6,041 | 5,673 |
| Other comprehensive income, net of tax: | |||
| Net pension and other postretirement benefit plan activity arising during the period | 2 | 1 | 11 |
| Other comprehensive income | 2 | 1 | 11 |
| Comprehensive income | $5,580 | $6,042 | $5,684 |
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