PNC Bank 2013 Annual Report Download - page 125
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CONSOLIDATED INCOME STATEMENT
THE PNC FINANCIAL SERVICES GROUP, INC.
Year ended December 31
In millions, except per share data 2013 2012 2011
Interest Income
Loans $ 7,866 $ 8,284 $ 7,595
Investment securities 1,749 2,035 2,161
Other 392 415 438
Total interest income 10,007 10,734 10,194
Interest Expense
Deposits 344 386 668
Borrowed funds 516 708 826
Total interest expense 860 1,094 1,494
Net interest income 9,147 9,640 8,700
Noninterest Income
Asset management 1,342 1,169 1,088
Consumer services 1,253 1,136 1,243
Corporate services 1,210 1,166 898
Residential mortgage 871 284 713
Service charges on deposits 597 573 534
Net gains on sales of securities 99 204 249
Other-than-temporary impairments (14) (79) (420)
Less: Noncredit portion of other-than-temporary impairments (a) 2 32 (268)
Net other-than-temporary impairments (16) (111) (152)
Other 1,509 1,451 1,053
Total noninterest income 6,865 5,872 5,626
Total revenue 16,012 15,512 14,326
Provision For Credit Losses 643 987 1,152
Noninterest Expense
Personnel 4,743 4,617 3,966
Occupancy 833 827 738
Equipment 763 735 661
Marketing 246 279 249
Other 3,216 4,124 3,491
Total noninterest expense 9,801 10,582 9,105
Income before income taxes and noncontrolling interests 5,568 3,943 4,069
Income taxes 1,341 942 998
Net income 4,227 3,001 3,071
Less: Net income (loss) attributable to noncontrolling interests 7 (12) 15
Preferred stock dividends 237 177 56
Preferred stock discount accretion and redemptions 12 4 2
Net income attributable to common shareholders $ 3,971 $ 2,832 $ 2,998
Earnings Per Common Share
Basic $ 7.48 $ 5.36 $ 5.70
Diluted $ 7.39 $ 5.30 $ 5.64
Average Common Shares Outstanding
Basic 528 526 524
Diluted 532 529 526
(a) Included in accumulated other comprehensive income (loss).
See accompanying Notes To Consolidated Financial Statements.
The PNC Financial Services Group, Inc. – Form 10-K 107