PNC Financial Services Group (PNC) FY2022 results: revenue $21.1 billion, up 9.9% on the year
PNC Financial Services Group, Inc. (PNC) reported revenue of $21.1 billion for fiscal 2022, the year ended 31 December 2022, up 9.9% on the year before. Net income was $5.7 billion, up 5.5%, and diluted earnings per share $13.85. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2023.
Revenue
$21.1 billion
+9.9% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$5.7 billion
+5.5% on the year
FY2015FY2022
Diluted EPS
$13.85
+9.1% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
9,083
7,214
4,659
+25.9%
Cash from investing
-60,358
-2,795
-51,122
Cash from financing
3,384
-3,432
48,419
Depreciation and amortisation
1,139
1,066
983
+6.8%
Buybacks
3,731
1,079
1,624
+245.8%
Dividends paid
2,391
2,056
1,980
+16.3%
Dividend per share
$5.75
$4.80
n/a
+19.8%
Diluted shares, weighted
412m
426m
427m
-3.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
45,774
55,695
54,010
-17.8%
Non-controlling interest
38.0
31.0
31.0
+22.6%
Deposits
436,282
457,278
365,345
-4.6%
Debt
58,726
30,784
37,195
+90.8%
Other liabilities
16,443
13,403
10,098
+22.7%
Total liabilities and equity
557,263
557,191
466,679
+0.0%
Fixed assets
8,754
8,593
7,687
+1.9%
Goodwill
10,987
10,916
9,233
+0.7%
Securities held for sale or to maturity
139,334
132,962
88,799
+4.8%
Loans
321,284
283,504
236,567
+13.3%
Cash and equivalents
34,363
82,254
7,017
-58.2%
Other assets
42,541
38,962
117,376
+9.2%
Total assets
557,263
557,191
466,679
+0.0%
10-K for the year ended 31 December 2022, filed 22 February 2023: the filing.