Pnc Financial Services Group, Inc. (the) · NYSE:PNC
Pnc Financial Services Group, Inc. (the) — Goldman Sachs Financial Services Conference 2023
11 slides from Pnc Financial Services Group, Inc. (the)'s conference presentation, Dec 5, 2023
Slide 1: Goldman Sachs Financial Services Conference
The PNC Financial Services Group Goldman Sachs Financial Services Conference December 5, 2023 Exhibit 99.1
Slide 2: Cautionary Statement Regarding Forward-Looking and non-GAAP Financial Information
Cautionary Statement Regarding Forward-Looking and non-GAAP Financial Information This presentation is not intended as a full business or financial review and should be viewed in the context of all of the information made available by PNC in its SEC filings and on our corporate website. The presenta
Slide 3: NII Expected to Inflect in Mid-2024; Upward Trajectory into 2025
NII Expected to Inflect in Mid-2024; Upward Trajectory into 2025 2 $2.3 $2.6 $2.9 $2.9 $2.8 $3.1 $3.5 $3.7 $3.6 $3.5 $3.4 2.27% 2.29% 2.27% 2.27% 2.28% 2.50% 2.82% 2.92% 2.84% 2.79% 2.71% 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 +0.25% +1.25
Slide 4: Levers for Net Interest Income Growth
Levers for Net Interest Income Growth 3− PNC’s peer group includes BAC, CFG, COF, FITB, JPM, KEY, MTB, RF, TFC, USB and WFC. Only eight peers disclose securities portfolio duration. Aggregate Runoff Yield represents the weighted average yield on the maturing assets. Securities positioned for faste
Slide 5: Strong Track Record for Credit Risk Management
Strong Track Record for Credit Risk Management 4− NCOs / Average Loans represent annualized net loan charge-offs (NCO) to average loans for the three months ended. Four quarter rolling average represents the sum of the most recent four quarters divided by four for each period presented. PNC’s peer g
Slide 6: CRE Portfolio Represents 11% of Total Loans
CRE Portfolio Represents 11% of Total Loans 5 Commercial Real Estate 11% Total $318.4 Billion PNC’s Commercial Real Estate Portfolio Total Loans as of 9/30/23 $ billions 9/30/23 % of Total Loans Multifamily $15.3 4.8% Office 8.6 2.7% Industrial / Warehouse 4.0 1.3% Retail 2.6 0.8% Seniors Housing 1.
Slide 7: High-Quality CRE Multifamily Portfolio Expected to Continue to Perform Well
High-Quality CRE Multifamily Portfolio Expected to Continue to Perform Well 6 Garden 47% Midrise 31% High Rise 10% Student 4% Other 8% Total $15.3 Billion CRE Multifamily Loans as of 9/30/23 Geographic Diversification By Metropolitan Statistical Area $ billions 9/30/23 Miami-Fort Lauderdale-Pompano
Slide 8: Well-Structured and Adequately Reserved CRE Office Portfolio Focused on the Multi-Tenant Portfolio
Well-Structured and Adequately Reserved CRE Office Portfolio Focused on the Multi-Tenant Portfolio 7 As of 9/30/23 Occupancy % Criticized % NPL Reserves Multi-Tenant 76% 39% 13% 12.5% Single Tenant 91% 1% 0% 2.6% Medical 92% 1% 0% 2.8% Government 98% 0% 0% 1.6% Total CRE Office 83% 23% 8% 8.5% Multi
Slide 9: Appendix: Information
Appendix: Cautionary Statement Regarding Forward-Looking Information 8 We make statements in this news release and related conference call, and we may from time to time make other statements, regarding our outlook for financial performance, such as earnings, revenues, expenses, tax rates, capital an
Slide 10: Appendix: Information
Appendix: Cautionary Statement Regarding Forward-Looking Information 9 Our forward-looking financial statements are subject to the risk that economic and financial market conditions will be substantially different than those we are currently expecting and do not take into account potential legal a
Slide 11: Appendix: Information
Appendix: Cautionary Statement Regarding Forward-Looking Information 10 − Changes to laws and regulations, including changes affecting oversight of the financial services industry, changes in the enforcement and interpretation of such laws and regulations, and changes in accounting and reporting sta
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