PNC FINANCIAL SERVICES GROUP INC
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
PNC$231.30+2.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Business Segment Results
Table 120: Business Segment Results
| Retail Banking · Corporate & Institutional Banking · Asset Management Group | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year ended December 31In millions · 2024 · 2023 · 2022 · 2024 · 2023 · 2022 · 2024 · 2023 · 2022 | |||||||||||||
| Net interest income | $10,933 | $9,974 | $7,540 | $6,302 | $5,732 | $5,179 | $652 | $547 | $608 | ||||
| Noninterest income | 3,582 | 2,951 | 2,967 | 3,927 | 3,537 | 3,621 | 949 | 905 | 936 | ||||
| Total revenue | 14,515 | 12,925 | 10,507 | 10,229 | 9,269 | 8,800 | 1,601 | 1,452 | 1,544 | ||||
| Provision for (recapture of) credit losses | $362 | $396 | $259 | $453 | $398 | $198 | $(3) | $(3) | $28 | ||||
| Noninterest expense | |||||||||||||
| Personnel | $2,189 | $2,266 | $2,409 | $1,508 | $1,426 | $1,463 | $472 | $494 | $483 | ||||
| Segment allocations (a) | 3,653 | 3,571 | 3,394 | 1,497 | 1,507 | 1,421 | 454 | 464 | 441 | ||||
| Depreciation and amortization | 312 | 330 | 310 | 202 | 211 | 213 | 30 | 30 | 29 | ||||
| Other (b) | 1,377 | 1,388 | 1,485 | 557 | 586 | 554 | 117 | 127 | 133 | ||||
| Total noninterest expense | 7,531 | $7,555 | $7,598 | $3,764 | $3,730 | $3,651 | $1,073 | $1,115 | $1,086 | ||||
| Income before income taxes and noncontrolling interests | 6,622 | 4,974 | 2,650 | 6,012 | 5,141 | 4,951 | 531 | 340 | 430 | ||||
| Income taxes | 1,545 | 1,163 | 621 | 1,264 | 1,073 | 1,064 | 124 | $80 | $100 | ||||
| Net income | 5,077 | 3,811 | 2,029 | 4,748 | 4,068 | 3,887 | 407 | 260 | 330 | ||||
| Less: Net income attributable to noncontrolling interests | 39 | 43 | 55 | 19 | 19 | 17 | |||||||
| Net income excluding noncontrolling interests | $5,038 | $3,768 | $1,974 | $4,729 | $4,049 | $3,870 | $407 | $260 | $330 | ||||
| Average assets | $114,631 | $114,914 | $113,829 | $228,349 | $233,337 | $219,941 | $16,872 | $15,812 | $14,505 | ||||
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