PNC Financial Services Group (PNC) FY2021 results: revenue $19.2 billion, up 13.7% on the year
PNC Financial Services Group, Inc. (PNC) reported revenue of $19.2 billion for fiscal 2021, the year ended 31 December 2021, up 13.7% on the year before. Net income was $5.4 billion, up 99.2%, and diluted earnings per share $12.70. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$19.2 billion
+13.7% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$5.4 billion
+99.2% on the year
FY2014FY2021
Diluted EPS
$12.70
-25.1% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
7,214
4,659
7,363
+54.8%
Cash from investing
-2,795
-51,122
-24,990
Cash from financing
-3,432
48,419
17,080
Depreciation and amortisation
1,066
983
1,035
+8.4%
Buybacks
1,079
1,624
3,578
-33.6%
Dividends paid
2,056
1,980
1,895
+3.8%
Dividend per share
$4.80
n/a
n/a
Diluted shares, weighted
426m
427m
448m
-0.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
55,695
54,010
49,314
+3.1%
Non-controlling interest
31.0
31.0
29.0
0.0%
Deposits
457,278
365,345
288,540
+25.2%
Debt
30,784
37,195
60,263
-17.2%
Other liabilities
13,403
10,098
12,149
+32.7%
Total liabilities and equity
557,191
466,679
410,295
+19.4%
Fixed assets
8,593
7,687
7,728
+11.8%
Goodwill
10,916
9,233
9,233
+18.2%
Securities held for sale or to maturity
132,962
88,799
86,824
+49.7%
Loans
283,504
236,567
237,101
+19.8%
Cash and equivalents
82,254
7,017
5,061
+1,072.2%
Other assets
38,962
117,376
64,348
-66.8%
Total assets
557,191
466,679
410,295
+19.4%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.