PNC Bank 2015 Annual Report Download - page 50

ITEM 6 – SELECTED FINANCIAL DATA
Year ended December 31
Dollars in millions, except per share data 2015 (a) 2014 (a) 2013 (a) 2012 (a) 2011
S UMMARY O F O PERATIONS
Interest income $ 9,323 $ 9,431 $10,007 $10,734 $10,194
Interest expense 1,045 906 860 1,094 1,494
Net interest income 8,278 8,525 9,147 9,640 8,700
Noninterest income 6,947 6,850 6,865 5,872 5,626
Total revenue 15,225 15,375 16,012 15,512 14,326
Provision for credit losses 255 273 643 987 1,152
Noninterest expense 9,463 9,488 9,681 10,486 9,022
Income before income taxes and noncontrolling interests 5,507 5,614 5,688 4,039 4,152
Income taxes 1,364 1,407 1,476 1,045 1,087
Net income 4,143 4,207 4,212 2,994 3,065
Less: Net income (loss) attributable to noncontrolling interests 37 23 11 (7) 16
Preferred stock dividends 220 232 237 177 56
Preferred stock discount accretion and redemptions 5 5 12 4 2
Net income attributable to common shareholders $ 3,881 $ 3,947 $ 3,952 $ 2,820 $ 2,991
P ER C OMMON S HARE
Basic earnings $ 7.52 $ 7.44 $ 7.45 $ 5.33 $ 5.69
Diluted earnings $ 7.39 $ 7.30 $ 7.36 $ 5.28 $ 5.62
Book value $ 81.84 $ 77.61 $ 72.07 $ 66.95 $ 61.44
Cash dividends declared $ 2.01 $ 1.88 $ 1.72 $ 1.55 $ 1.15
(a) Includes the impact of RBC Bank (USA), which we acquired on March 2, 2012.
Certain prior period amounts have been reclassified to conform with the current period presentation, which we believe is more
meaningful to readers of our consolidated financial statements.
This Selected Financial Data should be reviewed in conjunction with the Consolidated Financial Statements and Notes included in
Item 8 of this Report as well as the other disclosure in this Report concerning our historical financial performance, our future
prospects and the risks associated with our business and financial performance.
32 The PNC Financial Services Group, Inc. – Form 10-K