PNC Bank 2014 Annual Report Download - page 74
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Asset Management Group
(Unaudited)
Table 22: Asset Management Group Table
Year ended December 31
Dollars in millions, except as noted 2014 2013
I
NCOME
S
TATEMENT
Net interest income $ 289 $ 288
Noninterest income 818 752
Total revenue 1,107 1,040
Provision for credit losses (benefit) (1) 10
Noninterest expense 821 774
Pretax earnings 287 256
Income taxes 106 94
Earnings $ 181 $ 162
A
VERAGE
B
ALANCE
S
HEET
Loans
Consumer $5,457 $5,025
Commercial and commercial real estate 986 1,047
Residential mortgage 809 776
Total loans 7,252 6,848
Goodwill and other intangible assets 259 293
Other assets 234 225
Total assets $7,745 $7,366
Deposits
Noninterest-bearing demand $1,366 $1,311
Interest-bearing demand 3,954 3,491
Money market 3,944 3,754
Total transaction deposits 9,264 8,556
CDs/IRAs/savings deposits 454 438
Total deposits 9,718 8,994
Other liabilities 51 60
Total liabilities $9,769 $9,054
P
ERFORMANCE
R
ATIOS
Return on average assets 2.34% 2.20%
Noninterest income to total revenue 74 72
Efficiency 74 74
O
THER
I
NFORMATION
Total nonperforming assets (a) (b) $ 66 $ 75
Purchased impaired loans (a) (c) $ 83 $ 99
Total net charge-offs $ 3 $ 1
Year ended December 31
Dollars in millions, except as noted 2014 2013
C
LIENT
A
SSETS
U
NDER
A
DMINISTRATION
(in billions) (a) (d)
Personal $ 115 $ 111
Institutional 148 136
Total $ 263 $ 247
Asset Type
Equity $ 151 $ 142
Fixed Income 72 70
Liquidity/Other 40 35
Total $ 263 $ 247
Discretionary client assets under management
Personal $ 87 $ 83
Institutional 48 44
Total $ 135 $ 127
Asset Type
Equity $ 75 $ 70
Fixed Income 40 39
Liquidity/Other 20 18
Total $ 135 $ 127
Nondiscretionary client assets under administration
Personal $ 28 $ 28
Institutional 100 92
Total $ 128 $ 120
Asset Type
Equity $ 76 $ 72
Fixed Income 32 31
Liquidity/Other 20 17
Total $ 128 $ 120
(a) As of December 31.
(b) Includes nonperforming loans of $62 million at December 31, 2014 and $70 million
at December 31, 2013.
(c) Recorded investment of purchased impaired loans related to acquisitions.
(d) Excludes brokerage account client assets.
56 The PNC Financial Services Group, Inc. – Form 10-K