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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Consolidated Income Statement
| Year ended December 31 | |||
|---|---|---|---|
| In millions, except per share data | 2024 | 2023 | 2022 |
| Interest Income | |||
| Loans | $19,346 | $18,299 | $11,795 |
| Investment securities | 4,123 | 3,545 | 2,726 |
| Other | 2,915 | 2,464 | 915 |
| Total interest income | 26,384 | 24,308 | 15,436 |
| Interest Expense | |||
| Deposits | 8,401 | 6,609 | 1,267 |
| Borrowed funds | 4,484 | 3,783 | 1,155 |
| Total interest expense | 12,885 | 10,392 | 2,422 |
| Net interest income | 13,499 | 13,916 | 13,014 |
| Noninterest Income | |||
| Asset management and brokerage | 1,485 | 1,412 | 1,444 |
| Capital markets and advisory | 1,250 | 952 | 1,296 |
| Card and cash management | 2,770 | 2,733 | 2,633 |
| Lending and deposit services | 1,259 | 1,233 | 1,134 |
| Residential and commercial mortgage | 581 | 625 | 647 |
| Other income | |||
| Gain on Visa shares exchange program | 754 | ||
| Securities gains (losses) | (500) | (2) | (7) |
| Other | 457 | 621 | 959 |
| Total other income | 711 | 619 | 952 |
| Total noninterest income | 8,056 | 7,574 | 8,106 |
| Total revenue | 21,555 | 21,490 | 21,120 |
| Provision For Credit Losses | 789 | 742 | 477 |
| Noninterest Expense | |||
| Personnel | 7,302 | 7,428 | 7,244 |
| Occupancy | 954 | 982 | 992 |
| Equipment | 1,527 | 1,411 | 1,395 |
| Marketing | 362 | 350 | 355 |
| Other | 3,379 | 3,841 | 3,184 |
| Total noninterest expense | 13,524 | 14,012 | 13,170 |
| Income before income taxes and noncontrolling interests | 7,242 | 6,736 | 7,473 |
| Income taxes | 1,289 | 1,089 | 1,360 |
| Net income | 5,953 | 5,647 | 6,113 |
| Less: Net income attributable to noncontrolling interests | 64 | 69 | 72 |
| Preferred stock dividends | 352 | 417 | 301 |
| Preferred stock discount accretion and redemptions | 8 | 8 | 5 |
| Net income attributable to common shareholders | $5,529 | $5,153 | $5,735 |
| Earnings Per Common Share | |||
| Basic | $13.76 | $12.80 | $13.86 |
| Diluted | $13.74 | $12.79 | $13.85 |
| Average Common Shares Outstanding | |||
| Basic | 399 | 401 | 412 |
| Diluted | 400 | 401 | 412 |
See accompanying Notes To Consolidated Financial Statements.
The PNC Financial Services Group, Inc. –2024 Form 10-K 91
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.