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Dec 31, 2021
PNC Q4 2021 Earnings Report
PNC's Q4 2021 earnings were released, reflecting the impact of the BBVA USA acquisition and strong performance across various business segments.
Key Takeaways
PNC Financial Services Group reported a net income of $1.306 billion for Q4 2021. The results reflect the inclusion of BBVA USA's operations since its acquisition on June 1, 2021. The company's total revenue was $5.127 billion. Provision for credit losses was a recapture of $327 million. Efficiency ratio was 74%.
Net income attributable to common shareholders was $1.220 billion, or $2.86 per diluted common share, basic earnings from continuing operations was $2.87.
Total revenue reached $5.127 billion, driven by both net interest income and noninterest income.
The company's balance sheet includes the assets and liabilities of BBVA USA as of December 31, 2021.
Provision for credit losses reflected a recapture of $327 million.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the document.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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