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$231.300.0%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 116: Parent Company - Income Statement
| Year ended December 31In millions | 2024 | 2023 | 2022 |
|---|---|---|---|
| Operating Revenue | |||
| Dividends from: | |||
| Bank subsidiaries and bank holding company | $4,000 | $2,500 | $3,925 |
| Non-bank subsidiaries | 383 | 565 | 280 |
| Interest income | 1,129 | 638 | 104 |
| Noninterest income (loss) | 47 | 41 | (37) |
| Total operating revenue | 5,559 | 3,744 | 4,272 |
| Operating Expense | |||
| Interest expense | 1,896 | 1,269 | 326 |
| Other expense | 130 | 185 | 136 |
| Total operating expense | 2,026 | 1,454 | 462 |
| Income before income taxes and equity in undistributed net income of subsidiaries | 3,533 | 2,290 | 3,810 |
| Equity in undistributed net income of subsidiaries: | |||
| Bank subsidiaries and bank holding company | 2,200 | 3,337 | 1,848 |
| Non-bank subsidiaries | 24 | (161) | 455 |
| Income before taxes | 5,757 | 5,466 | 6,113 |
| Income tax expense (benefit) | (132) | (112) | 72 |
| Net income | 5,889 | 5,578 | 6,041 |
| Other comprehensive income, net of tax: | |||
| Net pension and other postretirement benefit plan activity arising during the period | 1 | 2 | 1 |
| Other comprehensive income | 1 | 2 | 1 |
| Comprehensive income | $5,890 | $5,580 | $6,042 |
180 The PNC Financial Services Group, Inc. –2024 Form 10-K
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