Pnc Financial Services Group, Inc. (the) · NYSE:PNC
Pnc Financial Services Group, Inc. (the) — Q2 2006 Earnings Presentation
9 slides from Pnc Financial Services Group, Inc. (the)'s earnings presentation, Jul 19, 2006
Slide 1: The PNC Financial Services Group, Inc. Second Quarter 2006 Earnings Conference Call
Exhibit 99.2 The PNC Financial Services Group, Inc. Second Quarter 2006 Earnings Conference Call July 19, 2006
Slide 2: Second Quarter 2006 Highlights
Second Quarter 2006 Highlights Earned $381 million, a record for PNC, or $1.28 per diluted share Created positive operating leverage Sustained solid customer growth and business trends Continued strength in asset quality Well positioned for a challenging interest rate environment 2
Slide 3: Business Results
Business Results Quarter Ended June 30 $ millions Earnings (Loss) Return on Avg. Capital * 2006 2005 Growth 2006 Retail Banking $185 $162 14% 25% Corporate & Institutional Banking ** 116 144 (19)% 23% BlackRock 63 53 19% 25% PFPC 26 24 8% 25% Total business segment earnings 390 383 2% 24% Minority i
Slide 4: Income Statement
Income Statement % Change vs. Second Quarter First Quarter Second Quarter $ millions (except per share data) 2006 2006 2005 Net interest income * $562 N/M 4% Noninterest income 1,230 4% 32% Total revenue * 1,792 3% 22% Noninterest expense 1,149 (2)% 10% Pretax, pre-provision income * 643 11% 50% Pro
Slide 5: Balance Sheet Highlights - Second Quarter 2006
Balance Sheet Highlights - Second Quarter 2006 % Change vs. Second Quarter First Quarter Second Quarter Average balances, $ billions 2006 2006 2005 Loans $49.9 2% 6% Securities $21.4 2% 13% Total interest-earning assets $77.2 1% 7% Total assets $93.4 1% 7% Noninterest-bearing demand deposits $13.9 N
Slide 6: One PNC – Driving Improved Operating Leverage
One PNC – Driving Improved Operating Leverage Building a More Competitive Company Expected Outcomes Update – As of 6/30/06 Eliminate 3,000 positions 2,400 positions eliminated Implement 2,400 ideas 95% of ideas are complete or in process Achieve $400 million of total Delivered $240 million of value
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 2Q06 2Q06 vs. vs. 2Q06 1Q06 2Q05 1Q06 2Q05 Net interest income, GAAP basis $556 $ 556 $534 N/M 4% Taxable-equivalent adjustment 6 7 7 (14)% (14)% Net interest income, taxable-equivalent ba
PNC Financial Services Group — Q2 2006 Earnings Presentation on 6ix