PNC Bank 2002 Annual Report Download - page 26

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The PNC Financial Services Group, Inc.
Year ended December 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Dollars in millions, except per share data . . . . . . . . . . . . . . . . . . . 2002 2001 2000
FINANCIAL PERFORMANCE . . . . . . . . . . . . . . . .
Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net interest income (taxable equivalent basis) . . . . . . . $2,210 $2,278 $2,182
Noninterest income . . . . . . . . . . . . . . . . . . . . . . . . . . 3,197 2,652 2,950
Total revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,407 $4,930 $5,132
Income from continuing operations . . . . . . . . . . . . . . . . $1,200 $377 $1,214
Discontinued operations, net of tax . . . . . . . . . . . . . . . . (16) 565
Income before cumulative effect
of accounting change . . . . . . . . . . . . . . . . . . . . . . . . . 1,184 382 1,279
Cumulative effect of accounting change, net of tax . . . . . (5)
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,184 $377 $1,279
Per common share . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Diluted earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Continuing operations . . . . . . . . . . . . . . . . . . . . . . . $4.20 $1.26 $4.09
Discontinued operations . . . . . . . . . . . . . . . . . . . . . (.05) .02 .22
Before cumulative effect of accounting change . . . . . 4.15 1.28 4.31
Cumulative effect of accounting change . . . . . . . . . . (.02)
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4.15 $1.26 $4.31
Cash dividends declared . . . . . . . . . . . . . . . . . . . . . . . $1.92 $1.92 $1.83
SELECTED RATIOS . . . . . . . . . . . . . . . . . . . . . . . . . . . .
From net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Return on . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Average common shareholders’ equity . . . . . . . . . . . . 18.83% 5.65% 21.63%
Average assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.78 .53 1.68
YEAR-END BALANCES . . . . . . . . . . . . . . . . . . . . . . . . . .
Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $66,377 $69,638 $69,921
Loans, net of unearned income . . . . . . . . . . . . . . . . . . . 35,450 37,974 50,601
Total Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44,982 47,304 47,664
Shareholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,859 5,823 6,656
Note: This annual report contains forward-looking statements. Please refer to the section of this report captioned
“Forward-Looking Statements” on page 66 for important information related to forward-looking statements.
FINANCIAL HIGHLIGHTS
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