Pnc Financial Services Group, Inc. (the) · NYSE:PNC
Pnc Financial Services Group, Inc. (the) — Q4 2005 Earnings Presentation
10 slides from Pnc Financial Services Group, Inc. (the)'s earnings presentation, Jan 19, 2006
Slide 1: The PNC Financial Services Group, Inc. Fourth Quarter and Full Year 2005 Earnings Conference Call
Exhibit 99.2 The PNC Financial Services Group, Inc. Fourth Quarter and Full Year 2005 Earnings Conference Call January 19, 2006
Slide 2: 2005 Highlights
2005 Highlights Record year - Earned $1.3 billion or $4.55 per diluted share th Improved operating leverage in 4 quarter – One PNC initiative ahead of schedule Leveraged market leadership positions to grow our businesses Grew our customer base by deepening customer knowledge and relationships Mainta
Slide 3: Business Results are Gaining Momentum
Business Results are Gaining Momentum Quarter Ended December 31 Return on $ millions Earnings (Loss) Avg. Capital * 2005 2004 Growth 2005 Retail Banking $195 $167 17% 26% Corporate & Institutional Banking 108 108 - 24% BlackRock 73 50 46% 32% PFPC 29 20 45% 32% Total business segment earnings 405 34
Slide 4: Income Statement Highlights - Fourth Quarter 2005
Income Statement Highlights - Fourth Quarter 2005 % Change vs. Fourth Quarter Third Quarter Fourth Quarter $ millions, except EPS 2005 2005 2004 Net interest income * $568 .4% 12% Noninterest income $1,151 3% 27% Total revenue * $1,719 2% 22% Provision $24 50% 26% Noninterest expense $1,126 (3)% 19%
Slide 5: Balance Sheet Highlights - Fourth Quarter 2005
Balance Sheet Highlights - Fourth Quarter 2005 % Change vs. Fourth Quarter Third Quarter Fourth Quarter Average balances, $ billions 2005 2005 2004 Total loans $48.8 (1)% 13% Securities $20.8 2% 29% Total interest-earning assets $76.2 1% 18% Total assets $92.1 1% 17% Noninterest bearing demand depos
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 12/31/05 Eliminate 3,000 positions 1,800 positions eliminated Implement 2,400 ideas 88% of ideas are complete or in process Achieve $400 million of Delivered $90 million in total valu
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) • 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
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
Slide 10: Non-GAAP to GAAP Reconcilement
Non-GAAP to GAAP Reconcilement Appendix Net Interest Income and Total Revenue % Change $ millions 4Q05 4Q05 vs. vs. 4Q05 3Q05 4Q04 3Q05 4Q04 Net interest income, GAAP basis $555 $559 $503 (.7)% 10% Taxable-equivalent adjustment 13 7 6 N/M N/M Net interest income, taxable-equivalent basis $568 $566 $
PNC Financial Services Group — Q4 2005 Earnings Presentation on 6ix