Pnc Financial Services Group, Inc. (the) · NYSE:PNC
Pnc Financial Services Group, Inc. (the) — Shareholder Meeting (April 2005)
22 slides from Pnc Financial Services Group, Inc. (the)'s shareholder meeting presentation, Apr 26, 2005
Slide 1: Annual Meeting of Shareholders
Exhibit 99.1 The PNC Financial Services Group, Inc. Annual Meeting of Shareholders April 26, 2005
Slide 2: James E. Rohr, Chairman and Chief Executive Officer
James E. Rohr Chairman and Chief Executive Officer
Slide 3: Cautionary Statement Regarding Forward-Looking Information
Cautionary Statement Regarding Forward-Looking 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 statements are necessari
Slide 4: 2004 Accomplishments
2004 Accomplishments Earned $1.2 billion Reported 17% ROE Realized strong balance sheet growth Completed successful integration of UnitedTrust Announced SSRM Holdings, Inc. acquisition - Closed in January 2005 Announced Riggs Bank acquisition - Anticipate closing in May 2005
Slide 5: Commitment to Our Four Constituencies
Commitment to Our Four Constituencies Shareholders Improved returns Invested in growth opportunities Focused on improving efficiency Customers Enhanced customer experience Grew clients across all businesses Introduced innovative products Employees Improved employee satisfaction Recognized as “100 Be
Slide 6: The Road Ahead
The Road Ahead Commitment to convenience for customers Successful expansion to Washington, DC Commitment to efficiency Continued risk discipline Well positioned for 2005 and beyond
Slide 7: Joseph C. Guyaux, President
PNC Joseph C. Guyaux President
Slide 8: Growth in Average Loans
Growth in Average Loans Regional Community Banking Wholesale Banking PNC Advisors $ billions $ billions $ billions 10% Increase 30% Increase 6% Increase Commercial & other Consumer & residential mortgage Commercial Consumer
Slide 9: Growth in Average Deposits
Growth in Average Deposits PNC Advisors Wholesale Banking Regional Community Banking $ billions $ billions $ billions 18% Increase 7% Increase 6% Increase
Slide 10: Expanding Presence in Growing Markets
Expanding Presence in Growing Markets Integrated UnitedTrust successfully Expanding to Washington, DC NY PNC Branch Locations Erie PA Pittsburgh Newark OH IN Philadelphia NJ Cincinnati MD Washington, DC Riggs Franchise KY DE Louisville WV VA Lexington Source: SNL Financial
Slide 11: William S. Demchak, Vice Chairman and Chief Financial Officer
William S. Demchak Vice Chairman and Chief Financial Officer
Slide 12: Performance in 2004
Performance in 2004 2003 2004 Net income ($ millions) $1,197 $1,001 EPS (diluted) $4.21 $3.55 Return on average common equity 16.8% 15.1% Total loans ($ billions) $43.5 $36.3 Total deposits ($ billions) $53.3 $45.2 Total assets ($ billions) $79.7 $68.2 Shareholders’ equity ($ billions) $7.5 $6.6 Tot
Slide 13: Performance in First Quarter 2005
Performance in First Quarter 2005 Three Months Ended March 31 2004 2005 Net income ($ millions) $354 $328 EPS (diluted) $1.24 $1.15 Return on average common equity 19.2% 18.8% Total assets ($ billions) $83.4 $74.1 Shareholders’ equity ($ billions) $7.6 $7.2 Total assets and shareholders’ equity at p
Slide 14: Balance Sheet Positioning
Balance Sheet Positioning Sophisticated risk management Investment flexibility Well positioned for changing interest rates
Slide 15: Relative Total Return Performance
Relative Total Return Performance PNC Peer Group 2003 2004 2005 Source: SNL DataSource
Slide 16: PNC
PNC
Slide 17: Appendix
Appendix
Slide 18: 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 19: 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 def
Slide 20: Cautionary Statement Regarding Forward-Looking Information (continued)
Cautionary Statement Regarding Forward-Looking Information (continued) The transaction may be materially more expensive to complete than anticipated as a result of unexpected factors or events; The integration into PNC of the Riggs business and operations that we acquire, which will include conversi
Slide 21: Additional Information About the Proposed Riggs National Corporation Acquisition
Additional Information About the Proposed Riggs National Corporation Acquisition The PNC Financial Services Group, Inc. and Riggs National Corporation have filed a proxy statement/prospectus and will file other relevant documents concerning the merger with the United States Securities and Exchange C
Slide 22: Peer Group of Super-Regional Banks
Peer Group of Super- Regional Banks Ticker BB&T Corporation BBT The Bank of New York Company, Inc. BK Fifth Third Bancorp FITB KeyCorp KEY National City Corporation NCC The PNC Financial Services Group, Inc. PNC SunTrust Banks, Inc. STI U.S. Bancorp USB Wachovia Corporation WB Wells Fargo & Company
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