Pnc Financial Services Group, Inc. (the) · NYSE:PNC
Pnc Financial Services Group, Inc. (the) — Q2 2005 Earnings Presentation
10 slides from Pnc Financial Services Group, Inc. (the)'s earnings presentation, Jul 19, 2005
Slide 1: The PNC Financial Services Group, Inc. Second Quarter 2005 Earnings Conference Call
Exhibit 99.3 The PNC Second July 19,Quarter 2005 Financial 2005 Services Earnings Group, Conference Inc. Call
Slide 2: Second Quarter 2005 Highlights
Second Earned Strong Market Asset Riggs One 2 PNC quality successfully client $282 sensitive Quarter evaluation million activity remained 2005 results converted or completed –Highlights business very $0.98 adversely strong in perand 48 segment diluted impacted hours—expense execution share earnings
Slide 3: Second Quarter 2005 Income Statement Highlights
Income % Second $millions, Provision Noninterest Net EPS N/M 3 Change interest income (diluted) – not Quarter Statement (27) except vs. meaningful income 282 expense 0.98 N/M First (20) EPS Highlights (21) $534 925 N/M 1,036 (7) Quarter 2005 (8) (5) 6 4% 22005 14 Second -Second 11 % 2004 Quarter Qua
Slide 4: Second Quarter 2005 Balance Sheet Highlights
Balance % Second Average Commercial Consumer Securities Demand Money Savings Total Borrowed At Tangible Loans Deposits 4 Change quarter-end loans earning assets deposits tomarket Quarter and Sheet balances, deposits common to18.9 funds loans vs. 47.1 total 87.6 retail loans assets 56.6 Highlights de
Slide 5: Three Businesses Gaining Momentum: Earnings Results
Business Three Earnings 2005 Capital/Equity $millions PNC BlackRock PFPC earnings Minority of Other Total 5 BlackRock banking 2004 business consolidated (85) Months 24 383 (Loss) interest Results 17(12) Growth 53 41% 330 businesses (16) Ended segment 48Return in are 16% 33% 10% $282 (14) 2005 income
Slide 6: The One PNC Initiative: Goals and Expected Results
The One Move Goals Expected Simplified enhancements 6 closer PNC Results business toand Initiative customer growth structure Become initiatives Eliminate more Severance efficient 3,000 positions and Target related resources or 13% charges ofto total of more $85 positions value-added millionAchieve a
Slide 7: One PNC Financial Impact
One$30 $millions Value Banking PFPC 20 Shared Revenue Total One-time 53% 7 PNC personnel 2005 cost $400 of $155 $225 services cost businesses initiatives charges –reductions 2006 $35 Financial $300 reduction related $265 and 2007 $85 100 other $400 300 Impact $65 ideas 5 30 40 125 $20 225 100 300
Slide 8: Cautionary Statement Regarding Forward-Looking Information
Cautionary We or “believe,” Forward-looking assume statements, In SEC’s which economic supply, letters income; balance recent regulators’ of matters the 8 affecting addition any impact introduction, make regulatory of could website such or as any sheet (f) credit; statements or otherwise “expect,” b
Slide 9: Cautionary Statement Regarding Forward-Looking Information
Cautionary practices; credit how policies; the Our savings inaccurate accomplished Furthermore, successful In goals. acquisition integration regulated 9 addition, impact ability impact, timing extent future we losses; and choose the financial of to and in results on of transactions extent Statement
Slide 10: Cautionary Statement Regarding Forward-Looking Information (continued)
Cautionary issues. additional closing You performance Also, discussed Any earnings estimates) 10 can annualized, risks Regulatory risks find estimates in future are and Statement more and in additional theirs uncertainties the proforma, costs uncertainties detail and/or are reports alone, Regarding
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