Pnc Financial Services Group, Inc. (the) · NYSE:PNC
Pnc Financial Services Group, Inc. (the) — Q3 2006 Earnings Presentation
10 slides from Pnc Financial Services Group, Inc. (the)'s earnings presentation, Oct 31, 2006
Slide 1: Third Quarter 2006 Earnings Conference Call
Exhibit 99.2 The PNC Financial Services Group, Inc. Third Quarter 2006 Earnings Conference Call October 31, 2006
Slide 2: Third Quarter 2006 Highlights
Third Quarter 2006 Highlights Closing of BlackRock acquisition of Merrill Lynch Investment Managers provides capital for growth Earned record $1.5 billion or $5.01 per diluted share Adjusted earnings* of $380 million or $1.28 per diluted share Invested in our brand by introducing free ATMs, PNC cred
Slide 3: Income Statement
Income Statement Third Quarter Third Quarter Second Quarter Third Quarter Reported As Adjusted Reported Reported $ millions (except per share data) 2006 2006 ** 2006 ** 2005 ** Net interest income * $574 $574 $562 $566 Noninterest income 2,943 1,109 1,230 1,116 Total revenue * 3,517 1,683 1,792 1,68
Slide 4: Balance Sheet Highlights - Third Quarter 2006
Balance Sheet Highlights - Third Quarter 2006 % Change vs. Third Quarter Second Quarter Third Quarter Average balances, $ billions 2006 2006 2005 Loans $50.3 1% 2% Securities $21.7 1% 6% Total interest-earning assets $78.7 2% 4% Total assets $95.3 2% 5% Noninterest-bearing demand deposits $14.5 4% 6
Slide 5: 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
Slide 6: Cautionary Statement Regarding Forward-Looking Information (continued)
Cautionary Statement Regarding Forward-Looking Information (continued) • Legal and regulatory developments could have an impact on our ability to operate our businesses or our financial condition or results of operations or our competitive position or reputation. Reputational impacts, in turn, could
Slide 7: Cautionary Statement Regarding Forward-Looking Information (continued)
Cautionary Statement Regarding Forward-Looking Information (continued) • The integration of Mercantile’s business and operations into PNC, which will include conversion of Mercantile’s different systems and procedures, may take longer than anticipated or be more costly than anticipated or have unant
Slide 8: Additional Information About The PNC/Mercantile Transaction
Additional Information About The PNC/Mercantile Transaction The PNC Financial Services Group, Inc. and Mercantile Bankshares Corporation will be filing a proxy statement/prospectus and other relevant documents concerning the PNC/Mercantile merger transaction with the United States Securities and Exc
Slide 9: Non-GAAP to GAAP Reconcilement
Non-GAAP to GAAP Reconcilement Appendix Net Interest Income, Total Revenue and Income Taxes $ millions 3Q06 2Q06 3Q05 Net interest income, GAAP basis $567 $556 $559 Taxable-equivalent adjustment 7 6 7 Net interest income, taxable-equivalent basis $574 $562 $566 Total revenue, GAAP basis $3,510 $1,78
Slide 10: Non-GAAP to GAAP Reconcilement
Non-GAAP to GAAP Reconcilement Appendix Income Statement Third Quarter 2006 Reported, Taxable- Taxable- As Adjusted, GAAP Equivalent Equivalent Adjustments * TE $ millions (except per share data) Basis Adjustment Basis Basis Net interest income $567 $7 $574 - $574 Noninterest income 2,943 - 2,943 $(
PNC Financial Services Group — Q3 2006 Earnings Presentation on 6ix