PNC Historical Income Statement

PNC Stock

USD 205.75 1.80 0.88%

Historical analysis of PNC Financial income statement accounts such as EBITDA of 19.7 B, Total Operating Expenses of 22.6 B, Net Income of 5.9 B or Income Tax Expense of 666.7 M can show how well PNC Financial Services performed in making a profits. Evaluating PNC Financial income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of PNC Financial's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining PNC Financial Services latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether PNC Financial Services is a good buy for the upcoming year.

Net Income Gross Profit

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PNC Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About PNC Income Statement Analysis

PNC Financial Services Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to PNC Financial shareholders. The income statement also shows PNC investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

PNC Financial Income Statement Chart

At present, PNC Financial's Other Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's EBIT is expected to grow to about 18.6 B, whereas Operating Income is forecasted to decline to about 6.9 B.

Other Operating Expenses Operating Income Ebitda Net Income Income Before Tax

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of PNC Financial Services. It is also known as PNC Financial overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from PNC Financial Services operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of PNC Financial Services is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in PNC Financial Services financial statement analysis. It represents the amount of money remaining after all of PNC Financial Services operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on PNC Financial income statement and is an important metric when analyzing PNC Financial Services profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Most accounts from PNC Financial's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into PNC Financial Services current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PNC Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2023	2024 (projected)
Operating Income	6.9B	9.5B	10.6B	6.9B
Other Operating Expenses	12.2B	355M	10.2B	10.7B

Operating Income Other Operating Expenses

PNC Financial income statement Correlations

	Interest Expense	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Net Income	Income Tax Expense	Depreciation And Amortization	Selling General Administrative	Total Revenue	Gross Profit	Income Before Tax	Total Other Income Expense Net	Selling And Marketing Expenses	Cost Of Revenue	Extraordinary Items	Minority Interest	Discontinued Operations	Net Income From Continuing Ops	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation
Interest Expense		0.56	-0.14	0.93	0.92	0.79	0.5	0.0	-0.15	0.82	0.14	0.15	0.12	0.37	0.23	0.24	0.62	-0.2	0.25	0.51	-0.02	0.72	0.81	-0.82
Other Operating Expenses	0.56		-0.38	0.52	0.56	0.02	0.5	0.05	0.49	0.65	0.32	0.32	0.27	0.67	0.34	0.29	0.56	-0.22	0.3	0.47	-0.22	0.52	0.53	0.0
Operating Income	-0.14	-0.38		0.1	0.12	0.09	0.26	0.5	0.39	0.08	0.49	0.5	0.42	-0.83	0.43	-0.78	-0.18	0.22	0.71	-0.04	-0.04	-0.25	-0.18	-0.04
Ebit	0.93	0.52	0.1		1.0	0.76	0.69	0.22	0.01	0.9	0.31	0.32	0.34	0.19	0.4	0.1	0.63	-0.16	0.44	0.63	0.03	0.69	0.74	-0.77
Ebitda	0.92	0.56	0.12	1.0		0.73	0.72	0.25	0.09	0.91	0.36	0.37	0.38	0.18	0.44	0.07	0.64	-0.15	0.5	0.63	0.0	0.68	0.73	-0.72
Total Operating Expenses	0.79	0.02	0.09	0.76	0.73		0.17	-0.07	-0.46	0.54	-0.15	-0.13	-0.15	-0.09	-0.05	0.1	0.43	-0.09	0.03	0.2	0.16	0.44	0.54	-0.92
Net Income	0.5	0.5	0.26	0.69	0.72	0.17		0.49	0.39	0.81	0.75	0.75	0.84	0.18	0.77	0.03	0.51	-0.14	0.72	0.87	-0.15	0.62	0.55	-0.3
Income Tax Expense	0.0	0.05	0.5	0.22	0.25	-0.07	0.49		0.42	0.31	0.64	0.64	0.73	-0.21	0.69	-0.37	0.1	0.13	0.66	0.3	0.57	0.12	0.1	-0.01
Depreciation And Amortization	-0.15	0.49	0.39	0.01	0.09	-0.46	0.39	0.42		0.27	0.67	0.66	0.52	-0.09	0.58	-0.39	0.17	0.1	0.72	0.12	-0.27	-0.03	-0.06	0.55
Selling General Administrative	0.82	0.65	0.08	0.9	0.91	0.54	0.81	0.31	0.27		0.56	0.57	0.51	0.32	0.62	0.16	0.84	-0.2	0.61	0.69	-0.09	0.81	0.75	-0.56
Total Revenue	0.14	0.32	0.49	0.31	0.36	-0.15	0.75	0.64	0.67	0.56		1.0	0.9	0.03	0.97	-0.16	0.4	-0.07	0.89	0.59	-0.13	0.49	0.45	0.02
Gross Profit	0.15	0.32	0.5	0.32	0.37	-0.13	0.75	0.64	0.66	0.57	1.0		0.9	0.03	0.97	-0.17	0.4	-0.08	0.89	0.58	-0.12	0.5	0.45	0.0
Income Before Tax	0.12	0.27	0.42	0.34	0.38	-0.15	0.84	0.73	0.52	0.51	0.9	0.9		0.04	0.91	-0.06	0.24	-0.02	0.76	0.77	0.04	0.45	0.41	-0.01
Total Other Income Expense Net	0.37	0.67	-0.83	0.19	0.18	-0.09	0.18	-0.21	-0.09	0.32	0.03	0.03	0.04		0.09	0.74	0.46	-0.3	-0.23	0.4	-0.07	0.62	0.55	-0.07
Selling And Marketing Expenses	0.23	0.34	0.43	0.4	0.44	-0.05	0.77	0.69	0.58	0.62	0.97	0.97	0.91	0.09		-0.11	0.42	-0.11	0.85	0.64	0.05	0.57	0.53	-0.09
Cost Of Revenue	0.24	0.29	-0.78	0.1	0.07	0.1	0.03	-0.37	-0.39	0.16	-0.16	-0.17	-0.06	0.74	-0.11		0.4	-0.16	-0.5	0.44	-0.04	0.59	0.5	-0.17
Extraordinary Items	0.62	0.56	-0.18	0.63	0.64	0.43	0.51	0.1	0.17	0.84	0.4	0.4	0.24	0.46	0.42	0.4		-0.28	0.33	0.46	-0.11	0.82	0.65	-0.4
Minority Interest	-0.2	-0.22	0.22	-0.16	-0.15	-0.09	-0.14	0.13	0.1	-0.2	-0.07	-0.08	-0.02	-0.3	-0.11	-0.16	-0.28		0.03	-0.19	0.02	-0.31	-0.25	0.13
Discontinued Operations	0.25	0.3	0.71	0.44	0.5	0.03	0.72	0.66	0.72	0.61	0.89	0.89	0.76	-0.23	0.85	-0.5	0.33	0.03		0.4	-0.15	0.29	0.3	-0.07
Net Income From Continuing Ops	0.51	0.47	-0.04	0.63	0.63	0.2	0.87	0.3	0.12	0.69	0.59	0.58	0.77	0.4	0.64	0.44	0.46	-0.19	0.4		-0.09	0.75	0.71	-0.35
Tax Provision	-0.02	-0.22	-0.04	0.03	0.0	0.16	-0.15	0.57	-0.27	-0.09	-0.13	-0.12	0.04	-0.07	0.05	-0.04	-0.11	0.02	-0.15	-0.09		-0.04	-0.03	-0.18
Net Interest Income	0.72	0.52	-0.25	0.69	0.68	0.44	0.62	0.12	-0.03	0.81	0.49	0.5	0.45	0.62	0.57	0.59	0.82	-0.31	0.29	0.75	-0.04		0.93	-0.58
Interest Income	0.81	0.53	-0.18	0.74	0.73	0.54	0.55	0.1	-0.06	0.75	0.45	0.45	0.41	0.55	0.53	0.5	0.65	-0.25	0.3	0.71	-0.03	0.93		-0.66
Reconciled Depreciation	-0.82	0.0	-0.04	-0.77	-0.72	-0.92	-0.3	-0.01	0.55	-0.56	0.02	0.0	-0.01	-0.07	-0.09	-0.17	-0.4	0.13	-0.07	-0.35	-0.18	-0.58	-0.66

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PNC Financial Account Relationship Matchups

PNC Financial income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	3.8B	1.4B	487M	2.4B	10.4B	10.9B
Other Operating Expenses	11.4B	9.0B	12.2B	355M	10.2B	10.7B
Operating Income	6.4B	7.9B	6.9B	9.5B	10.6B	6.9B
Ebit	6.4B	3.4B	7.0B	7.5B	17.7B	18.6B
Ebitda	7.7B	4.9B	8.8B	8.1B	18.7B	19.7B
Total Operating Expenses	(11.4B)	(9.0B)	(12.2B)	355M	21.5B	22.6B
Net Income	5.4B	3.0B	5.7B	6.0B	5.6B	5.9B
Income Tax Expense	1.1B	426M	1.3B	1.4B	1.1B	666.7M
Depreciation And Amortization	1.3B	1.5B	1.8B	651M	1.0B	714.4M
Selling General Administrative	5.6B	5.7B	7.1B	7.2B	9.8B	10.3B
Total Revenue	17.8B	16.9B	19.1B	21.1B	20.7B	10.7B
Gross Profit	15.8B	14.9B	16.8B	18.7B	18.4B	9.8B
Income Before Tax	6.5B	3.4B	7.0B	7.5B	6.7B	3.4B
Total Other Income Expense Net	49M	(2.4B)	(3.2B)	(3.2B)	(3.8B)	(4.0B)
Selling And Marketing Expenses	301M	236M	319M	355M	350M	204.1M
Cost Of Revenue	2.0B	2.0B	2.4B	2.4B	2.4B	2.0B
Net Income Applicable To Common Shares	5.1B	7.3B	5.4B	5.7B	6.6B	3.4B
Minority Interest	49M	31M	(51M)	(72M)	(70M)	(66.5M)
Net Income From Continuing Ops	5.4B	3.0B	5.7B	6.1B	6.3B	5.1B
Tax Provision	1.1B	426M	1.3B	1.4B	1.3B	1.1B
Net Interest Income	10.0B	9.9B	10.6B	13.0B	14.2B	11.4B
Interest Income	13.8B	11.3B	11.1B	15.4B	22.9B	14.3B
Reconciled Depreciation	1.3B	1.5B	1.8B	651M	238M	226.1M

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When determining whether PNC Financial Services offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of PNC Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Pnc Financial Services Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Pnc Financial Services Stock:

How To Invest In PNC

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Is PNC Stock a good investment?

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What is PNC Financial's Net Worth?

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Largest Banks - Regional Companies

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Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of PNC Financial. If investors know PNC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about PNC Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.03)

Dividend Share

6.25

Earnings Share

11.83

Revenue Per Share

51.178

Quarterly Revenue Growth

0.017

The market value of PNC Financial Services is measured differently than its book value, which is the value of PNC that is recorded on the company's balance sheet. Investors also form their own opinion of PNC Financial's value that differs from its market value or its book value, called intrinsic value, which is PNC Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PNC Financial's market value can be influenced by many factors that don't directly affect PNC Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between PNC Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if PNC Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PNC Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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PNC Historical Income Statement

About PNC Income Statement Analysis

PNC Financial Income Statement Chart

Other Operating Expenses

Operating Income

Net Income

Income Before Tax

PNC Financial income statement Correlations

PNC Financial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

PNC Financial income statement Accounts

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COMMON DESTINATIONS

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Ebitda	+ 1.0	Ebit
Gross Profit	+ 1.0	Total Revenue
Selling And Marketing Expenses	+ 0.97	Total Revenue
Selling And Marketing Expenses	+ 0.97	Gross Profit
Ebit	+ 0.93	Interest Expense
Interest Income	+ 0.93	Net Interest Income

Reconciled Depreciation	- 0.92	Total Operating Expenses
Total Other Income Expense Net	- 0.83	Operating Income
Reconciled Depreciation	- 0.82	Interest Expense
Cost Of Revenue	- 0.78	Operating Income
Reconciled Depreciation	- 0.77	Ebit
Reconciled Depreciation	- 0.72	Ebitda