Pnc Financial Services Group, Inc. (the) · NYSE:PNC
Pnc Financial Services Group, Inc. (the) — Shareholder Meeting (April 2008)
12 slides from Pnc Financial Services Group, Inc. (the)'s shareholder meeting presentation, Apr 22, 2008
Slide 1: The PNC Financial Services Group, Inc. Annual Meeting of Shareholders
Exhibit 99.1 LEADERSHIP. EXECUTION. INNOVATION. DISCIPLINE. The PNC Financial Services Group, Inc. Annual Meeting of Shareholders April 22, 2008
Slide 2: James E. Rohr, Chairman and Chief Executive Officer
* * LEADERSHIP. EXECUTION. INNOVATION. DISCIPLINE. James E. Rohr Chairman and Chief Executive Officer
Slide 3: Cautionary Statement Regarding Forward-Looking Information and Adjusted Information
Cautionary Statement Regarding Forward-Looking Information and Adjusted Information This presentation contains forward-looking statements regarding our outlook or expectations relating to PNC’s future business, operations, financial condition, financial performance and asset quality. Forward-looking
Slide 4: 2007 Highlights
2007 Highlights Shareholders Customers Delivered solid client growth Revenue growth exceeded expense growth, on an adjusted basis¹ Asset quality strong Successfully integrated Mercantile Effectively deployed capital Well-positioned for the future Community Employees PNC’s Culture is Built on Our Com
Slide 5: Key Performance Measures
Key Performance Measures Year End Assets Revenue Net Income $6.8B (as adjusted, $139B $6.7B as $1.7B $5.8B reported) (as adjusted, $5.3B (as adjusted, $1.5B $1.5B as $8.6B as (as adjusted, (as adjusted, reported) $6.3B as reported) $1.3B $2.6B as $102B reported) (as adjusted, $1.3B as reported) $92B
Slide 6: Stock Performance
Stock Performance 120% 110% 100% S&P 500 90% 80% 70% Peer Group 60% 50% 12/31/06 3/31/07 6/30/07 9/30/07 12/31/07 3/31/08 4/18/08 Strong Growth Delivers Better Relative Stock Performance. 12/31/06 closing price equals base for indexing. Peer Group represents average of super-regional banks identifie
Slide 7: First Quarter 2008
First Quarter 2008 Delivered solid results - Net income of $377 million, earnings per diluted share of $1.09 Posted strong revenue growth despite market volatility Created positive operating leverage Maintained a well-positioned balance sheet Asset quality performing as expected Increased our 2008 d
Slide 8: Cautionary Statement Regarding Forward-Looking Information
Cautionary Statement Regarding Forward-Looking Information Appendix 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-loo
Slide 9: Cautionary Statement Regarding Forward-Looking Information (continued)
Cautionary Statement Regarding Forward-Looking Information (continued) Appendix •Our business and operating results are affected by our ability to identify and effectively manage risks inherent in our businesses, including, where appropriate, through the effective use of third-party insurance, deriv
Slide 10: Non-GAAP to GAAP Reconcilement
Non-GAAP to GAAP Reconcilement Appendix For the year ended December 31, 2007 PNC PNC In millions As Reported Adjustments (a) As Adjusted Net interest income $2,915 $2,915 Noninterest income 3,790 $131 3,921 Total revenue 6,705 131 6,836 Provision for credit losses 315 (45) 270 Noninterest expense 4,
Slide 11: Non-GAAP to GAAP Reconcilement
Non-GAAP to GAAP Reconcilement Appendix For the year ended December 31, 2005 BlackRock PNC Deconsolidation and BlackRock PNC In millions As Reported Other Adjustments Equity Method As Adjusted Net interest income $2,154 $(12) $2,142 Noninterest income 4,173 (1,214) $163 3,122 Total revenue 6,327 (1,
Slide 12: Peer Group of Super-Regional Banks
Peer Group of Super-Regional Banks Appendix Ticker The PNC Financial Services Group, Inc. PNC BB&T Corporation BBT Comerica CMA Fifth Third Bancorp FITB KeyCorp KEY National City Corporation NCC Regions Financial RF SunTrust Banks, Inc. STI U.S. Bancorp USB Wachovia Corporation WB Wells Fargo & Comp
PNC Financial Services Group — Shareholder Meeting (April 2008) on 6ix