PNC Financial Services Group, Inc. (the) · NYSE:PNC

PNC Financial Services Group, Inc. (the) — The PNC Financial Services Group — Q3 2005 Earnings Presentation

10 slides from PNC Financial Services Group, Inc. (the)'s earnings presentation, Oct 20, 2005

  1. Slide 1: The PNC Financial Services Group, Inc. Third Quarter 2005 Earnings Conference Call

    The PNC Financial Services Group, Inc. Third Quarter 2005 Earnings Conference Call October 20, 2005

  2. Slide 2: Third Quarter 2005 Highlights

    Third Quarter 2005 Highlights Earned $334 million or $1.14 per diluted share Strong revenue growth Loans and deposits continued to grow Recent acquisitions represent new opportunities for growth Efficiency improved and implementation of One PNC initiatives on track Asset quality remained very strong

  3. Slide 3: Business Results are Gaining Momentum

    Business Results are Gaining Momentum Quarter Ended September 30 Earnings (Loss) Return on Avg. $ millions Capital 2005 2004 Growth 2005 Consumer Banking $176 $158 11% 24% Institutional Banking 118 100 18% 27% BlackRock 61 (10) N/M 28% PFPC 28 17 65% 33% Total business segment earnings 383 265 45% 2

  4. Slide 4: Income Statement Highlights - Third Quarter 2005

    Income Statement Highlights - Third Quarter 2005 % Change vs. Third Quarter Second Quarter Third Quarter $ millions, except EPS 2005 2005 2004 Net interest income $559 5% 14 % Noninterest income 1,113 20 33 Total revenue 1,672 15 26 Provision 16 N/M 23 Noninterest expense 1,156 12 18 Net income 334

  5. Slide 5: Balance Sheet Highlights - Third Quarter 2005

    Balance Sheet Highlights - Third Quarter 2005 % Change vs. Third Quarter Second Quarter Third Quarter Average balances, $ billions 2005 2005 2004 Total loans $49.5 5% 18 % Securities 20.4 8 33 Total earning assets 75.8 5 23 Total assets 91.1 4 21 Demand deposits $22.1 4% 9% Money market deposits 18.

  6. Slide 6: One PNC – Making Efficiency Part of Our Culture

    One PNC – Making Efficiency Part of Our Culture Building a More Competitive Company Expected Outcomes Update – As of 9/30/05 Eliminate 3,000 positions 1,800 positions eliminated Implement 2,400 ideas 77% of ideas are complete or in process Achieve $400 million of On track to capture $400 total value

  7. Slide 7: Cautionary Statement Regarding Forward-Looking Information

    Cautionary Statement Regarding Forward-Looking Information We make statements in this presentation, and we may from time to time make other statements, regarding our outlook or expectations for earnings, revenues, expenses and/or other matters regarding or affecting PNC that are forward-looking stat

  8. Slide 8: Cautionary Statement Regarding Forward-Looking Information (continued)

    Cautionary Statement Regarding Forward-Looking Information (continued) • customer acceptance of our products and services, and our customers’ borrowing, repayment, investment and deposit practices; • the impact on us of changes in the extent of customer or counterparty delinquencies, bankruptcies or

  9. Slide 9: Cautionary Statement Regarding Forward-Looking Information (continued)

    Cautionary Statement Regarding Forward-Looking Information (continued) pursuit of attractive acquisition opportunities could be negatively impacted due to regulatory delays or other regulatory issues. Regulatory and/or legal issues of an acquired business may cause reputational harm to PNC following

  10. Slide 10: Slide 10

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