PNC Bank 2015 Annual Report Download - page 231

STATISTICAL INFORMATION (UNAUDITED)
THE PNC FINANCIAL SERVICES GROUP, INC.
SELECTED QUARTERLY FINANCIAL DATA
Dollars in millions,
except per share data
2015 2014
Fourth Third Second First Fourth Third Second First
Summary Of Operations
Interest income $2,358 $2,341 $2,305 $2,319 $2,337 $2,328 $2,356 $2,410
Interest expense 266 279 253 247 240 224 227 215
Net interest income 2,092 2,062 2,052 2,072 2,097 2,104 2,129 2,195
Noninterest income (a) 1,761 1,713 1,814 1,659 1,850 1,737 1,681 1,582
Total revenue 3,853 3,775 3,866 3,731 3,947 3,841 3,810 3,777
Provision for credit losses 74 81 46 54 52 55 72 94
Noninterest expense 2,396 2,352 2,366 2,349 2,539 2,357 2,328 2,264
Income before income taxes and noncontrolling interests 1,383 1,342 1,454 1,328 1,356 1,429 1,410 1,419
Income taxes 361 269 410 324 299 391 358 359
Net income 1,022 1,073 1,044 1,004 1,057 1,038 1,052 1,060
Less: Net income (loss) attributable to noncontrolling interests 14 18 4 1 21 1 3 (2)
Preferred stock dividends and discount accretion and
redemptions 43 64 48 70 48 71 48 70
Net income attributable to common shareholders $ 965 $ 991 $ 992 $ 933 $ 988 $ 966 $1,001 $ 992
Per Common Share Data
Book value $81.84 $81.42 $79.64 $78.99 $77.61 $76.71 $75.62 $73.73
Basic earnings from net income (b) 1.90 1.93 1.92 1.79 1.88 1.82 1.88 1.86
Diluted earnings from net income (b) 1.87 1.90 1.88 1.75 1.84 1.79 1.85 1.82
(a) Noninterest income included private equity gains/(losses) and net gains on sales of securities in each quarter as follows:
2015 2014
in millions Fourth Third Second First Fourth Third Second First
Private equity gains/(losses) $21 $59 $43 $41 $61 $70 $35 $42
Net gains on sales of securities 2 (9) 8 42 – – (6) 10
(b) The sum of the quarterly amounts for 2015 and 2014 does not equal the respective year’s amount because the quarterly calculations are based on a changing number of average shares.
The PNC Financial Services Group, Inc. – Form 10-K 213