PNC Bank 2015 Annual Report Download - page 75
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Asset Management Group
(Unaudited)
Table 23: Asset Management Group Table
Year ended December 31
Dollars in millions, except as noted 2015 2014
I
NCOME
S
TATEMENT
Net interest income $ 292 $ 289
Noninterest income 869 818
Total revenue 1,161 1,107
Provision for credit losses (benefit) 9 (1)
Noninterest expense 846 821
Pretax earnings 306 287
Income taxes 112 106
Earnings $ 194 $ 181
A
VERAGE
B
ALANCE
S
HEET
Loans
Consumer $ 5,655 $5,457
Commercial and commercial real estate 880 986
Residential mortgage 919 809
Total loans 7,454 7,252
Goodwill and other intangible assets 226 259
Other assets 240 234
Total assets $ 7,920 $7,745
Deposits
Noninterest-bearing demand $ 1,272 $1,366
Interest-bearing demand 4,144 3,954
Money market 5,161 3,944
CDs/IRAs/savings deposits 638 454
Total deposits 11,215 9,718
Other liabilities 42 51
Total liabilities $11,257 $9,769
P
ERFORMANCE
R
ATIOS
Return on average assets 2.45% 2.34%
Noninterest income to total revenue 75 74
Efficiency 73 74
O
THER
I
NFORMATION
Total nonperforming assets (a) (b) $ 53 $ 66
Purchased impaired loans (a) (c) $ 72 $ 83
Total net charge-offs $ 13 $ 3
Year ended December 31
Dollars in millions, except as noted 2015 2014
C
LIENT
A
SSETS
U
NDER
A
DMINISTRATION
(a) (d) (in billions)
Personal $ 111 $ 115
Institutional 148 148
Total $ 259 $ 263
Asset Type
Equity $ 145 $ 151
Fixed Income 72 72
Liquidity/Other 42 40
Total $ 259 $ 263
Discretionary client assets under management
Personal $ 85 $ 87
Institutional 49 48
Total $ 134 $ 135
Asset Type
Equity $ 72 $ 75
Fixed Income 40 40
Liquidity/Other 22 20
Total $ 134 $ 135
Nondiscretionary client assets under
administration
Personal $ 26 $ 28
Institutional 99 100
Total $ 125 $ 128
Asset Type
Equity $ 73 $ 76
Fixed Income 32 32
Liquidity/Other 20 20
Total $ 125 $ 128
(a) As of December 31.
(b) Includes nonperforming loans of $48 million at December 31, 2015 and $62 million
at December 31, 2014.
(c) Recorded investment of purchased impaired loans related to acquisitions.
(d) Excludes brokerage account client assets.
The PNC Financial Services Group, Inc. – Form 10-K 57