PNC Historical Income Statement
| PNC Stock | USD 214.20 1.73 0.81% |
Historical analysis of PNC Financial income statement accounts such as EBITDA of 5.4 B, Total Operating Expenses of 22.6 B, Net Income of 5.9 B or Income Tax Expense of 666.7 M can show how well PNC Financial Services performed in making a profits. Evaluating PNC Financial income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of PNC Financial's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining PNC Financial Services latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether PNC Financial Services is a good buy for the upcoming year.
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About PNC Income Statement Analysis
PNC Financial Services Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to PNC Financial shareholders. The income statement also shows PNC investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
PNC Financial Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of PNC Financial Services. It is also known as PNC Financial overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from PNC Financial Services operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of PNC Financial Services is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in PNC Financial Services financial statement analysis. It represents the amount of money remaining after all of PNC Financial Services operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in PNC Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At present, PNC Financial's Other Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 22.6 B, whereas Operating Income is forecasted to decline to about 6.9 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Operating Income | 6.9B | 9.5B | 10.6B | 6.9B | Other Operating Expenses | 12.2B | 355M | 10.2B | 10.7B |
PNC Financial income statement Correlations
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PNC Financial Account Relationship Matchups
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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 | |
| Other Operating Expenses | 11.4B | 9.0B | 12.2B | 355M | 10.2B | 10.7B | |
| Operating Income | 6.4B | 7.9B | 6.9B | 9.5B | 10.6B | 6.9B | |
| Ebit | 6.4B | 3.4B | 7.0B | 7.5B | 6.7B | 4.7B | |
| Ebitda | 7.7B | 4.9B | 8.8B | 8.1B | 7.8B | 5.4B | |
| Total Operating Expenses | (11.4B) | (9.0B) | (12.2B) | 355M | 21.5B | 22.6B | |
| 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 | |
| Depreciation And Amortization | 1.3B | 1.5B | 1.8B | 651M | 1.0B | 714.4M | |
| Selling General Administrative | 5.6B | 5.7B | 7.1B | 7.2B | 9.8B | 10.3B | |
| Total Revenue | 17.8B | 16.9B | 19.1B | 21.1B | 20.7B | 10.7B | |
| Gross Profit | 15.8B | 14.9B | 16.8B | 18.7B | 18.4B | 9.8B | |
| Income Before Tax | 6.5B | 3.4B | 7.0B | 7.5B | 6.7B | 3.4B | |
| Total Other Income Expense Net | 49M | (2.4B) | (3.2B) | (3.2B) | (3.8B) | (4.0B) | |
| Selling And Marketing Expenses | 301M | 236M | 319M | 355M | 350M | 204.1M | |
| Cost Of Revenue | 2.0B | 2.0B | 2.4B | 2.4B | 2.4B | 2.0B | |
| Net Income Applicable To Common Shares | 5.1B | 7.3B | 5.4B | 5.7B | 6.6B | 3.4B | |
| Minority Interest | 49M | 31M | (51M) | (72M) | (70M) | (66.5M) | |
| Net Income From Continuing Ops | 5.4B | 3.0B | 5.7B | 6.1B | 6.3B | 5.1B | |
| 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 | |
| Reconciled Depreciation | 1.3B | 1.5B | 1.8B | 651M | 238M | 226.1M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PNC Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Is Regional Banks space 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 (0.03) | Dividend Share 6.25 | Earnings Share 11.82 | Revenue Per Share 51.178 | Quarterly Revenue Growth 0.017 |
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.