PNC Income Statement Research

PNC Stock

USD 158.06 0.45 0.29%

Most accounts from PNC Financial's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into PNC Financial Services current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out PNC Financial Valuation and PNC Financial Correlation analysis.

At present, PNC Financial's Operating Income is projected to increase significantly based on the last few years of reporting. The current year's EBIT is expected to grow to about 19.5 B, whereas Other Operating Expenses is forecasted to decline to about 2.3 B.

	2021	2022	2023	2024 (projected)
Operating Income	6.9B	9.5B	18.7B	19.7B
Other Operating Expenses	12.2B	355M	2.7B	2.3B

Operating Income Other Operating Expenses

PNC Financial income statement Correlations

	Interest Expense	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Net Income	Income Tax Expense	Depreciation And Amortization	Selling General Administrative	Total Revenue	Gross Profit	Income Before Tax	Total Other Income Expense Net	Selling And Marketing Expenses	Cost Of Revenue	Extraordinary Items	Minority Interest	Discontinued Operations	Net Income From Continuing Ops	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation
Interest Expense		-0.03	0.61	0.94	0.91	0.12	0.5	0.0	-0.57	0.61	0.59	0.18	0.12	-0.2	0.26	0.24	0.62	-0.2	0.25	0.51	-0.02	0.72	0.81	-0.82
Other Operating Expenses	-0.03		-0.37	0.01	0.07	-0.98	0.31	0.1	0.63	0.34	0.28	0.35	0.33	0.65	0.32	0.15	0.19	-0.11	0.25	0.26	-0.28	0.14	0.1	0.57
Operating Income	0.61	-0.37		0.71	0.72	0.51	0.49	0.33	-0.19	0.54	0.63	0.36	0.26	-0.81	0.32	-0.45	0.34	0.03	0.63	0.23	-0.01	0.25	0.33	-0.64
Ebit	0.94	0.01	0.71		1.0	0.09	0.67	0.17	-0.4	0.8	0.78	0.39	0.31	-0.23	0.43	0.15	0.76	-0.19	0.46	0.59	-0.08	0.76	0.78	-0.75
Ebitda	0.91	0.07	0.72	1.0		0.03	0.71	0.21	-0.31	0.84	0.83	0.45	0.36	-0.22	0.47	0.11	0.77	-0.18	0.53	0.6	-0.11	0.75	0.76	-0.69
Total Operating Expenses	0.12	-0.98	0.51	0.09	0.03		-0.23	-0.05	-0.6	-0.25	-0.18	-0.28	-0.27	-0.76	-0.26	-0.21	-0.14	0.13	-0.14	-0.22	0.25	-0.12	-0.05	-0.61
Net Income	0.5	0.31	0.49	0.67	0.71	-0.23		0.49	0.14	0.9	0.9	0.75	0.84	0.04	0.77	0.03	0.51	-0.14	0.72	0.87	-0.15	0.62	0.55	-0.3
Income Tax Expense	0.0	0.1	0.33	0.17	0.21	-0.05	0.49		0.34	0.44	0.52	0.64	0.73	-0.11	0.68	-0.37	0.1	0.13	0.66	0.3	0.57	0.12	0.1	-0.01
Depreciation And Amortization	-0.57	0.63	-0.19	-0.4	-0.31	-0.6	0.14	0.34		0.11	0.15	0.44	0.38	0.19	0.31	-0.46	-0.17	0.18	0.48	-0.12	-0.24	-0.38	-0.46	0.83
Selling General Administrative	0.61	0.34	0.54	0.8	0.84	-0.25	0.9	0.44	0.11		0.98	0.75	0.68	0.03	0.77	0.08	0.79	-0.17	0.74	0.72	-0.14	0.75	0.64	-0.35
Total Revenue	0.59	0.28	0.63	0.78	0.83	-0.18	0.9	0.52	0.15	0.98		0.8	0.71	-0.08	0.79	-0.11	0.7	-0.16	0.83	0.66	-0.13	0.66	0.58	-0.36
Gross Profit	0.18	0.35	0.36	0.39	0.45	-0.28	0.75	0.64	0.44	0.75	0.8		0.9	0.03	0.96	-0.15	0.42	-0.09	0.89	0.6	-0.11	0.52	0.48	-0.02
Income Before Tax	0.12	0.33	0.26	0.31	0.36	-0.27	0.84	0.73	0.38	0.68	0.71	0.9		0.12	0.9	-0.06	0.24	-0.02	0.76	0.77	0.04	0.45	0.41	-0.01
Total Other Income Expense Net	-0.2	0.65	-0.81	-0.23	-0.22	-0.76	0.04	-0.11	0.19	0.03	-0.08	0.03	0.12		0.11	0.6	0.11	-0.19	-0.29	0.24	-0.03	0.25	0.1	0.41
Selling And Marketing Expenses	0.26	0.32	0.32	0.43	0.47	-0.26	0.77	0.68	0.31	0.77	0.79	0.96	0.9	0.11		-0.04	0.44	-0.14	0.81	0.67	0.07	0.61	0.57	-0.12
Cost Of Revenue	0.24	0.15	-0.45	0.15	0.11	-0.21	0.03	-0.37	-0.46	0.08	-0.11	-0.15	-0.06	0.6	-0.04		0.4	-0.16	-0.5	0.44	-0.04	0.59	0.5	-0.17
Extraordinary Items	0.62	0.19	0.34	0.76	0.77	-0.14	0.51	0.1	-0.17	0.79	0.7	0.42	0.24	0.11	0.44	0.4		-0.28	0.33	0.46	-0.11	0.82	0.65	-0.4
Minority Interest	-0.2	-0.11	0.03	-0.19	-0.18	0.13	-0.14	0.13	0.18	-0.17	-0.16	-0.09	-0.02	-0.19	-0.14	-0.16	-0.28		0.03	-0.19	0.02	-0.31	-0.25	0.13
Discontinued Operations	0.25	0.25	0.63	0.46	0.53	-0.14	0.72	0.66	0.48	0.74	0.83	0.89	0.76	-0.29	0.81	-0.5	0.33	0.03		0.4	-0.15	0.29	0.3	-0.07
Net Income From Continuing Ops	0.51	0.26	0.23	0.59	0.6	-0.22	0.87	0.3	-0.12	0.72	0.66	0.6	0.77	0.24	0.67	0.44	0.46	-0.19	0.4		-0.09	0.75	0.71	-0.35
Tax Provision	-0.02	-0.28	-0.01	-0.08	-0.11	0.25	-0.15	0.57	-0.24	-0.14	-0.13	-0.11	0.04	-0.03	0.07	-0.04	-0.11	0.02	-0.15	-0.09		-0.04	-0.03	-0.18
Net Interest Income	0.72	0.14	0.25	0.76	0.75	-0.12	0.62	0.12	-0.38	0.75	0.66	0.52	0.45	0.25	0.61	0.59	0.82	-0.31	0.29	0.75	-0.04		0.93	-0.58
Interest Income	0.81	0.1	0.33	0.78	0.76	-0.05	0.55	0.1	-0.46	0.64	0.58	0.48	0.41	0.1	0.57	0.5	0.65	-0.25	0.3	0.71	-0.03	0.93		-0.66
Reconciled Depreciation	-0.82	0.57	-0.64	-0.75	-0.69	-0.61	-0.3	-0.01	0.83	-0.35	-0.36	-0.02	-0.01	0.41	-0.12	-0.17	-0.4	0.13	-0.07	-0.35	-0.18	-0.58	-0.66

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PNC Financial Account Relationship Matchups

PNC Financial income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	3.8B	1.4B	487M	2.4B	10.4B	10.9B
Operating Income	6.4B	7.9B	6.9B	9.5B	18.7B	19.7B
Ebit	6.4B	7.9B	6.9B	9.5B	18.5B	19.5B
Ebitda	7.7B	9.4B	8.7B	10.2B	18.7B	19.7B
Net Income	5.4B	3.0B	5.7B	6.0B	5.6B	5.9B
Income Tax Expense	1.1B	426M	1.3B	1.4B	1.1B	666.7M
Total Revenue	17.8B	16.9B	19.1B	21.1B	21.5B	22.6B
Gross Profit	15.8B	14.9B	16.8B	18.7B	19.1B	9.8B
Income Before Tax	6.5B	3.4B	7.0B	7.5B	6.7B	3.4B
Cost Of Revenue	2.0B	2.0B	2.4B	2.4B	2.4B	2.0B
Minority Interest	49M	31M	(51M)	(72M)	(70M)	(66.5M)
Tax Provision	1.1B	426M	1.3B	1.4B	1.3B	1.1B
Net Interest Income	10.0B	9.9B	10.6B	13.0B	14.2B	11.4B
Interest Income	13.8B	11.3B	11.1B	15.4B	22.9B	14.3B

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When determining whether PNC Financial Services offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of PNC Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Pnc Financial Services Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Pnc Financial Services Stock:

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Check out PNC Financial Valuation and PNC Financial Correlation analysis.

You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

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When running PNC Financial's price analysis, check to measure PNC Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy PNC Financial is operating at the current time. Most of PNC Financial's value examination focuses on studying past and present price action to predict the probability of PNC Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PNC Financial's price. Additionally, you may evaluate how the addition of PNC Financial to your portfolios can decrease your overall portfolio volatility.

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Is PNC Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of PNC Financial. If investors know PNC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about PNC Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.22)

Dividend Share

6.15

Earnings Share

11.92

Revenue Per Share

50.83

Quarterly Revenue Growth

(0.07)

The market value of PNC Financial Services is measured differently than its book value, which is the value of PNC that is recorded on the company's balance sheet. Investors also form their own opinion of PNC Financial's value that differs from its market value or its book value, called intrinsic value, which is PNC Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PNC Financial's market value can be influenced by many factors that don't directly affect PNC Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between PNC Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if PNC Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PNC Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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PNC Income Statement Research

PNC Financial income statement Correlations

PNC Financial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

PNC Financial income statement Accounts

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Ebitda	+ 1.0	Ebit
Total Revenue	+ 0.98	Selling General Administrative
Selling And Marketing Expenses	+ 0.96	Gross Profit
Ebit	+ 0.94	Interest Expense
Interest Income	+ 0.93	Net Interest Income
Ebitda	+ 0.91	Interest Expense

Total Operating Expenses	- 0.98	Other Operating Expenses
Reconciled Depreciation	- 0.82	Interest Expense
Total Other Income Expense Net	- 0.81	Operating Income
Total Other Income Expense Net	- 0.76	Total Operating Expenses
Reconciled Depreciation	- 0.75	Ebit
Reconciled Depreciation	- 0.69	Ebitda