Pnc Financial Services Group, Inc. (the) · NYSE:PNC
Pnc Financial Services Group, Inc. (the) — Q1 2006 Earnings Presentation
9 slides from Pnc Financial Services Group, Inc. (the)'s earnings presentation, Apr 20, 2006
Slide 1: The PNC Financial Services Group First Quarter 2006 Earnings Conference Call
Exhibit 99.2 The PNC Financial Services Group, Inc. First Quarter 2006 Earnings Conference Call April 20, 2006
Slide 2: First Quarter 2006 Highlights
First Quarter 2006 Highlights Earned $354 million or $1.19 per diluted share BlackRock announced agreement to merge with Merrill Lynch’s investment management business, creating the largest publicly- traded asset management company in the U.S. Experienced solid customer growth and business trends Di
Slide 3: Businesses are Gaining Momentum
Businesses are Gaining Momentum Quarter Ended March 31 Return on $ millions Earnings (Loss) Avg. Capital * 2006 2005 Growth 2006 Retail Banking $190 $149 28% 26% Corporate & Institutional Banking 105 110 (5)% 22% BlackRock 71 47 52% 30% PFPC 27 23 17% 28% Total business segment earnings 393 329 19%
Slide 4: Income Statement
Income Statement % Change vs. First Quarter Fourth Quarter First Quarter $ millions (except per share data) 2006 2005 2005 Net interest income * $563 (0.9)% 10% Noninterest income 1,185 2.7% 22% Total revenue * 1,748 1.5% 18% Noninterest expense 1,171 2.3% 17% Pretax, pre-provision income * 577 - 19
Slide 5: One PNC – Driving Improved Operating Leverage
One PNC – Driving Improved Operating Leverage Building a More Competitive Company Expected Outcomes Update – As of 3/31/06 Eliminate 3,000 positions 2,100 positions eliminated Implement 2,400 ideas 91% of ideas are complete or in process st Achieve $400 million of total Delivered $60 million in the
Slide 6: Balance Sheet Highlights - First Quarter 2006
Balance Sheet Highlights - First Quarter 2006 % Change vs. First Quarter Fourth Quarter First Quarter Average balances, $ billions 2006 2005 2005 Total loans $49.1 0.7% 12% Securities $20.9 0.4% 24% Total interest-earning assets $76.4 0.3% 12% Total assets $92.1 0.1% 11% Noninterest-bearing demand d
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
Slide 8: 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 9: Non-GAAP to GAAP Reconcilement
Non-GAAP to GAAP Reconcilement Appendix Net Interest Income, Total Revenue and Income Taxes % Change $ millions 1Q06 1Q06 vs. vs. 1Q06 4Q05 1Q05 4Q05 1Q05 Net interest income, GAAP basis $556 $555 $506 0.2% 10% Taxable-equivalent adjustment 7 13 6 (46.2)% 17% Net interest income, taxable-equivalent
PNC Financial Services Group — Q1 2006 Earnings Presentation on 6ix