PNC Bank 2000 Annual Report Download - page 61

FO R W A R D - LO O K I N G ST A T E M E N T S
This report and other documents filed by the Corporation
with the SEC include forward-looking statements within the
meaning of the Private Securities Litigation Reform Act
with respect to future financial or business performance,
conditions, strategies, expectations and goals. In addition,
the Corporation may also include forward-looking state-
ments in other written or oral statements. Forward-looking
statements are typically identified by words or phrases such
as “believe,” “expect,” “anticipate,” “intend,” “estimate,”
“position,” “target,” “mission,” “assume,” “achievable,”
“potential,” “ strategy,” “ goal,” “ objective,” “plan,” “aspira-
tion,” “outlook,” “ outcome,” “continue,” “remain,” “ main-
tain,” “ strive,” “trend” and variations of such words and
similar expressions, or future or conditional verbs such as
“will,” “would,” “ should,” “could,” “may” or similar
expressions.
The Corporation cautions that forward-looking state-
ments are subject to numerous assumptions, risks and
uncertainties, which change over time. Actual results could
differ materially from those anticipated in forward-looking
statements and future results could differ materially from
historical performance. Forward-looking statements speak
only as of the date they are made and the Corporation
assumes no duty to update forward-looking statements.
In addition to these factors and those mentioned else-
where in this report, the following factors, among others,
could cause actual results to differ materially from forward-
looking statements or historical performance: decisions the
Corporation makes with respect to the redeployment of
available capital; changes in asset quality and credit risk;
economic conditions; changes in financial and capital mar-
kets; the inability to sustain revenue and earnings growth;
changes in interest rates; inflation; changes in values of
assets under management and assets serviced; relative
investment performance of assets under management; cus-
tomer acceptance of PNC products and services; customer
borrowing, repayment, investment, and deposit practices;
customer disintermediation; valuation of debt and equity
investments; the inability to successfully manage risks
inherent in the Corporation’s business; the introduction,
withdrawal, success and timing of business initiatives and
strategies; the extent and cost of any share repurchases;
decisions the Corporation makes with respect to further
reduction of balance sheet leverage and potential invest-
ments in PNC businesses; competitive conditions; the
inability to realize cost savings or revenue enhancements,
implement integration plans and other consequences associ-
ated with mergers, acquisitions, restructurings and divesti-
tures; and the impact, extent and timing of technological
changes, capital management activities, and actions of the
Federal Reserve Board and legislative and regulatory
actions and reforms. Further, an increase in the number of
customer or counterparty delinquencies, bankruptcies, or
defaults could result in, among other things, a higher loan
loss provision and reduced profitability.
Some of the above factors are described in more detail
in the Risk Factors section of this Financial Review and fac-
tors relating to credit risk, interest rate risk, liquidity risk,
trading activities and financial derivatives are discussed in
the Risk Management section of this Financial Review.
Other factors are described elsewhere in this re p o r t .
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